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How do I apply for Peabody scholarships?

All prospective students are considered for scholarship at the time of their audition, but we require everyone to submit a financial aid application.  Domestic students should file the FAFSA; https://fafsa.ed.gov. International students should submit the Peabody International Student Financial Aid Application.  Any additional documentation will be requested later if necessary. We use the CSS Profile.  The code for JHU-Peabody is 5532.

Does Peabody offer need based scholarships?

Peabody scholarships are merit-heavy, need-informed but none of our institutional gift aid is exclusively need-based.

Does Peabody meet the full financial need of a student?

While we always endeavor to award as much financial aid as possible, some students may experience a gap between the aid package and actual cost.  Families typically fill that gap with personal resources or educational loans.

If I am awarded a Peabody Scholarship, does the scholarship only cover tuition or can it be applied to other components of my Cost of Attendance?

All financial aid in your award package, including scholarship, can be applied to all allowances in your cost-of-attendance budget, not just tuition.  Click here http://www.peabody.jhu.edu/conservatory/financialaid/cost.html  for an explanation of how a Cost-of-Attendance budget is determined.

How often do I need to apply for financial aid?

Federal and state financial aid is awarded on an annual basis, which means you must renew your FAFSA every year.  International students do not qualify for federal or state aid and do not need to re-file a financial aid application.

What is the process of “verification”?

Sometimes students make errors on the FAFSA.  The federal government selects a certain number of FAFSAs each year that schools must review for accuracy.  The Financial Aid Office will collect additional documentation from selected students to conduct our review and verify the accuracy of information reported on the FAFSA.

Do I need to wait until I have completed my tax return to submit the FAFSA?

No.  You should use estimated figures on the FAFSA.  It’s more important to meet Peabody’s priority deadline (February 15th) than to wait and file later.

  I am considered a dependent student based on FAFSA’s criteria, my parents will not be financially assisting me.  Am I still required to submit their financial information?

Yes.  Dependency status is determined by answering a series of questions on the FAFSA.  A family’s financial circumstances will not determine dependency of the student.

 I probably don’t qualify for aid.  Should I file the FAFSA anyway?

We ask all students who are applying to Peabody to file a financial aid application even if you believe you will not qualify for federal need-based aid.

 How do I report special financial circumstances that are not reflected on the FAFSA?

 Any special financial circumstances not reported on the FAFSA should be reported in a separate letter/email and submitted to the Peabody Financial Aid Office.

 Are international students eligible for financial assistance?

International students are not eligible for federal aid and will only be considered for Peabody scholarship at the time of the entrance audition.

Who makes decisions about scholarships?

Scholarships are awarded by the Admissions Committee in consultation with the faculty.

What factors will the committee consider when evaluating a student for a Peabody scholarship?

 Peabody scholarships are awarded on a “merit-heavy, need-informed” basis.  The Admissions Committee will consider the student’s entrance audition, faculty recommendation, financial need, Peabody’s enrollment needs and institutional resources.

 When will students be notified of their financial aid award?

 New students will be notified when they receive their acceptance email from the Admissions Office, on or around April 1st.  Returning students will receive their aid packages in mid to late June.

How many students receive scholarships from Peabody?

Approximately 70% of Peabody students receive some type of institutional gift aid.

Can I receive a Peabody Scholarship along with a Graduate Assistantship?

No.  If you are offered and accept a graduate assistantship, any previously awarded scholarship will be rescinded.

Is it possible to be reevaluated (re-audition) for a scholarship as a current student?

 Whatever decision is made at the time of the entrance audition will stand for the duration of the degree program.  Students cannot re-audition for new or increased scholarship.

What types of financial aid do you offer?

Your financial aid package may include a scholarship, grant, student loans and work-study from federal, state, and institutional sources.  Graduate students may apply for assistantships through the Peabody Admissions Office.

If the financial aid offered isn’t sufficient; can I appeal for an increase from the Admissions Committee?

 Current Students:  whatever decision is made about awarding scholarship at the time of your audition will stand for the duration of your degree program.  However, if you experience unforeseen financial hardship after you enroll, you should contact the Peabody Financial Aid Office to discuss your federal options for loans, grants and work-study. Prospective Students: please contact the Peabody Financial Aid Office and speak to a counselor.

What is the deadline to submit my FAFSA or International Student Financial Aid Application?

Peabody’s priority deadline for applying for financial aid is February 15th.

Why is 20% of my graduate assistantship not credited to my tuition bill?

A portion of Graduate Assistantships are subject to U.S. income tax because they are awarded in part as payment for employment.  Students will receive the 20% gradually over the academic year in the form of a twice-monthly paycheck.  For more information see IRS Publication 970,  www.irs.gov/pub/irs-pdf/p970.pdf  chapter 1, or consult your tax preparer.

Will I receive an additional financial aid award from JHU?

Your entire financial aid package will be awarded by Peabody.  All the individual colleges that comprise Johns Hopkins University are decentralized for financial aid purposes.  Double degree students will receive their financial aid from the Krieger School of Arts & Sciences/Whiting School of Engineering (Homewood campus).