Janice Lozano
Berklee College of Music's tuition is $52,040, which is higher than the national average cost of $47,890. The total cost, including food, housing, books, supplies, transportation, and personal expenses, is $73,270. However, most students do not pay the full price, as Berklee offers scholarships, grants, and other forms of financial aid. The average need-based scholarship or grant awarded to first-year students is $6,207, and 40% of first-year students received need-based financial aid in fall 2022. Additionally, the percentage of students taking out loans is 22% lower than the average for private not-for-profit schools.
| Characteristics | Values |
|---|---|
| Tuition fees | $52,040 |
| Total cost (tuition fees + food and housing + books and supplies + transportation and personal expenses) | $73,270 |
| Average net price (after aid and scholarship funds) | $66,903 |
| Average need-based scholarship or grant awarded to first-year students | $6,207 |
| Percentage of first-year students who received need-based financial aid in fall 2022 | 40% |
| Average need-based self-help aid awarded to first-year students | $3,983 |
| Percentage of students taking out loans (lower than the average for private not-for-profit schools) | 22% lower than 66% |
| Percentage of students getting federal loans | Greater than those getting private loans |
| Estimated annual cost for books and educational supplies | $1,085 |
| On-campus room and board fees | $19,440 |
| Estimated additional living expenses for on-campus students | $2,623 |
| Estimated cost of a 4-year bachelor's degree and living expenses | $293,672 |
| Annual cost | $73,418 |
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What You'll Learn
Berklee College of Music's tuition fees
Berklee College of Music's tuition fee is $52,040. This figure includes both tuition and fees, also referred to as the sticker price. The fees fund library services, student gym facilities, student centres, technology resources, and campus health centres. The total cost of attending Berklee College of Music is $73,270, which includes the sticker price, as well as the cost of food, housing, books, supplies, and transportation.
The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost, which comes in at $66,903 for the average student receiving need-based aid. Need-based aid is determined by the student's or their family's ability to pay, as calculated by the Free Application for Federal Student Aid (FAFSA). The average need-based scholarship or grant awarded to first-year students at Berklee College of Music was $6,207. Additionally, 40% of first-year students received need-based financial aid in fall 2022. Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $3,983. Merit-based aid, also called non-need-based aid, is awarded for specific talents or academic achievements. Scholarships are a type of funding that students do not need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. Students might also qualify for a scholarship based on their community service involvement, unique hobbies or traits, their personal background, or a parent’s employer or military affiliation. Some students receive enough in scholarship money to cover their tuition and living expenses.
There are additional costs to consider when budgeting for Berklee College of Music. Students must arrive on campus with sufficient funds to cover the estimated cost of books and personal expenses per year. There is also a tuition deposit of $1,000, which is credited toward tuition charges in the first semester of attendance. This deposit is refundable if the Office of Admissions is notified of non-attendance plans for the summer by April 1, for the fall by May 1, or for the spring by October 15. There is also a $1,320 fee for the First Year Abroad program, which is only applicable to students attending their first year abroad. There are also per-credit tuition fees for part-time study and for registered credits beyond the maximum limit of the program (degree, 16 credits; diploma, 13 credits), which are $1,910. There is also a per-credit overload fee for registered credits beyond the maximum limit of the program, which is $2,875.
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Scholarships and grants
Berklee College of Music offers a range of scholarships and grants to assist students with the cost of attendance. The college awards over $115 million annually in institutional scholarships and grants to students across its various campuses and online programs. Approximately 40% of entering campus students receive institutional aid, with the average award covering 40% of tuition fees.
There are two main types of scholarships offered by Berklee: need-based and merit-based. Need-based scholarships take into account a student's financial status, with priority given to those who demonstrate a high financial need. These scholarships do not require a separate application process; consideration, awarding, and notification are all automatic. Domestic entering undergraduate students who submit a CSS Profile by the posted deadlines will automatically be considered for need-based institutional grants. Entering international students, however, are not eligible for institutional need-based aid but can explore other financing options on the international students financing page.
Merit-based scholarships, on the other hand, are awarded based on academic or athletic achievement, community service involvement, unique hobbies or traits, personal background, or a parent's employer or military affiliation. All entering undergraduate and graduate students are automatically considered for merit-based scholarships as part of the admissions process. Berklee College of Music students can also have their songwriting and composition abilities considered by submitting materials within their admissions application.
While most scholarships awarded are partial-tuition, a limited number of full-tuition scholarships are available to exceptionally qualified applicants. These are determined based on the strength of the applicant's audition and interview and are renewed each year for up to eight semesters to cover a single major. Undergraduate scholarships are also renewed each semester and automatically for up to eight semesters to cover a single major.
In addition to scholarships, students at Berklee can access financial counselling services to help navigate the cost of their education. The college provides resources such as a financial aid FAQ and a collection of financial resources to help students estimate their financial need and manage the cost of attendance.
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Student loan debt
The cost of tuition and fees at Berklee College of Music is $52,040, which is higher than the national average cost of $47,890. The total cost, including food, housing, books, supplies, and transportation, is $73,270. The net price after aid and scholarships is $66,903 for the average student receiving need-based aid.
To pay for their education, 42% of Berklee College of Music students take out federal loans, and 12% take out private loans. The median federal loan debt among borrowers who completed their undergraduate degrees is $25,000, while students with private loans had an average debt of $69,077 at graduation.
Ideally, students should aim to minimise their student loan debt as much as possible. This can be achieved by relying on scholarships and grants, which do not need to be paid back, and federal loans, which tend to have lower interest rates than private loans. Students can also work while in school to lessen the burden of their student loans.
Berklee College of Music offers financial aid in the form of scholarships, grants, and loans. The average need-based scholarship or grant awarded to first-year students is $6,207, and 40% of first-year students received need-based financial aid in the fall of 2022. Merit-based aid, awarded for talent or academic achievement, averaged $19,502 for first-year students. Additionally, students who file a FAFSA and are US citizens or permanent residents will be considered for federal loan eligibility.
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Cost of attendance
The cost of attendance at Berklee College of Music includes tuition and fees, room, board, textbooks, and personal expenses. The annual tuition to attend Berklee College of Music is $48,830, which is $25,270 per semester. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $19,440. For educational materials, students should allocate approximately $1,085 for books and supplies, plus $1,440 for other fees charged by the school. Finally, students should budget $2,623 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Berklee College of Music on a full-time basis is $73,418 per annum.
The total cost of attendance is also referred to as the sticker price, which is $73,270. The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost, which comes in at $66,903 for the average student receiving need-based aid. The average need-based scholarship or grant awarded to first-year students at Berklee College of Music was $6,207. Additionally, 40% of first-year students received need-based financial aid in fall 2022. Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $3,983. Merit-based aid, also called non-need-based aid, is awarded for specific talents or academic achievements.
Students must have an approved plan for paying for their Berklee education before beginning classes each semester. Berklee offers scholarships, and most people get a percentage, while a couple of people get full tuition coverage.
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Net price
The net price of a college is the average cost of attendance after aid and scholarship funds are discounted from the total cost. The total cost, or "cost of attendance", is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses.
The net price of attendance at Berklee College of Music is $66,903 for the average student receiving need-based aid. This is after accounting for the average need-based scholarship or grant awarded to first-year students, which is $6,207. Additionally, 40% of first-year students received need-based financial aid in fall 2022. The average need-based self-help aid awarded to first-year students was $3,983.
The total cost of attendance at Berklee College of Music is $73,270, which is higher than the national average cost of $47,890. The tuition fee is $52,040, and room and board fees are an additional $19,440. Students should also allocate approximately $1,085 for books and supplies, $1,440 for other fees, and $2,623 for miscellaneous expenses.
The net price will differ for each student, depending on factors such as family income, assets, and individual financial need. Berklee College of Music offers a variety of scholarships, grants, and loans, and it is recommended that students do not borrow more than they can pay back using 10% of their monthly income earned after graduation.
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Frequently asked questions
The annual tuition fee is $48,830, which is the same for both in-state and out-of-state students.
The average need-based scholarship or grant awarded to first-year students is $6,207. Additionally, 40% of first-year students received need-based financial aid in fall 2022.
The percentage of students taking out loans is 22% lower than the average for private not-for-profit schools, which is 66%.
