Financial aid packages may include different types of aid such as scholarship, grants, student loans and work-study from federal, state, and institutional sources. Graduate students may apply for assistantships through the Peabody Admissions Office. Domestic undergraduate students who qualify for need-based institutional aid will receive packages that consist only of grants and work-study if eligible, and will not have loans.
All prospective students are considered for merit scholarship at the time of their audition. Undergraduate domestic students who wish to be considered for need-based financial aid must file the FAFSA, found at studentaid.gov, and the CSS Profile, found at https://cssprofile.collegeboard.org/. Any additional documentation will be requested later if necessary.
The priority filing deadline is November 15 for Early Decision and Spring 2024 enrollment applicants. For Regular Decision applicants, the CSS Profile deadline is January 15, and the FAFSA deadline is February 15. Applicants to the Low Residency Master of Music program must meet the February 15 FAFSA deadline, but do not need to submit a CSS Profile.
Note: The 2024-25 FAFSA is now available to complete. Due to technical difficulties with families accessing the FAFSA, we are extending the FAFSA deadline to February 15. Please note that the CSS Profile is still due on January 15.
Undergraduate domestic applicants who wish to be considered for need-based financial assistance must submit both the FAFSA (federal aid) and CSS Profile (institutional need-based aid). Graduate students need only submit the FAFSA. International students are encouraged to submit the CSS Profile.
Approximately 90% of our incoming students are recipients of institutional gift aid.
Beginning in fall 2024, Peabody will meet 100% of need for all eligible domestic undergraduate students (U.S. citizens, Permanent Residents of the U.S., and undocumented and DACA students) with no-loan financial aid packages. Through institutional funds and philanthropic contributions, we are now able to meet 100% of demonstrated need with scholarships that do not need to be paid back and with part-time work-study opportunities. We will continue to be need-blind in our admissions decisions; a family’s financial circumstances will not factor into an admissions decision.
Domestic undergraduate students (U.S. citizens, Permanent Residents of the U.S., and undocumented and DACA students) who wish to be considered for need-based financial aid at Peabody must submit both the FAFSA (with Peabody’s school code E00233) and CSS Profile application (code is 5532), being sure to meet the published deadlines.
Current domestic undergraduates with unmet financial need have been awarded additional grant support as part of their spring 2024 financial aid disbursements, and will be asked to submit (or resubmit) a FAFSA and CSS Profile in spring 2024 for the 2024-25 academic year. Students who are eligible for need-based aid will receive a grant equivalent to their unmet need beginning in the fall 2024 semester and will have federal student loans eliminated as part of their need-based financial aid packages. These new, no-loan packages will be renewed for the duration of their study, assuming continued eligibility for need-based aid.
Yes, all domestic undergraduate students (U.S. citizens, Permanent Residents of the U.S., and undocumented and DACA students) who have demonstrated financial need will be eligible for need-based aid. Eligibility for financial aid is based on a variety of factors including family income, household size, number of undergraduate students in the household enrolled in college and housing status (on or off campus). We evaluate eligibility for financial aid every year and encourage families to let us know when there are changes to their family’s financial circumstances. If you are unsure, please contact our Office of Financial Aid.
All students—including international students—are considered for Peabody’s generous merit scholarship program at the time of their entrance audition. International students are not eligible for federal aid or for need-based scholarship funding at Peabody, but increasing merit scholarship support continues to be an institutional and philanthropic priority for Peabody.
Peabody’s financial aid program offers several options to graduate students, including merit scholarships, graduate assistantships, fellowships, and work-study opportunities. While we are currently unable to meet 100% of need for graduate students, our Office of Financial Aid is available to help students understand and manage the financial aid for which they may be eligible.
Peabody makes every effort to provide assistance to every student who qualifies, and all Peabody students will continue to be considered for our competitive merit scholarship program at the time of their entrance audition. Beginning in fall 2024, we are pleased to be able to now meet 100% of demonstrated need for eligible domestic undergraduate students. While we are currently unable to meet 100% of need for graduate students, and international students are not eligible for federal aid or for need-based scholarship funding at Peabody, we will continue to make increased investments in financial aid for international and graduate students as institutional funds and philanthropic contributions make it possible to do so.
Peabody merit scholarships are awarded by the Admissions Committee in consultation with the faculty.
Peabody merit scholarships are awarded based on merit and talent. The Admissions Committee will consider the student’s entrance audition and faculty recommendation, as well as Peabody’s enrollment needs and institutional resources. Undergraduate domestic students (U.S. citizens, Permanent Residents of the U.S., and undocumented and DACA students) with demonstrated financial need (as determined by the FAFSA and CSS Profile) will be considered for no-loan, need-based financial aid in addition to any merit scholarship awarded, and if eligible will receive a package that meets their need up to the cost of attendance.
New students will be notified when they receive their acceptance email from the Admissions Office, on or around April 1. Early Decision applicants will be notified by December 15. Returning students will receive their aid packages in mid- to late-June.
All financial aid in your award package, including scholarship, can be applied to all allowances in your cost-of-attendance budget, not just tuition. See our Tuition and Fees page for an explanation of how a cost-of-attendance budget is determined.
All students receiving federal financial aid must submit the FAFSA each year. Domestic undergraduate students receiving need-based institutional aid must apply for financial aid each year by submitting the FAFSA and the CSS Profile.
Only those students who wish to be considered for need-based financial aid need to submit the FAFSA (Federal Aid) and the CSS Profile (institutional need-based aid).
No. You should use estimated figures on the FAFSA. It’s more important to meet Peabody’s deadline than to wait and file later.
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.
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.
Any financial circumstances not reported on the FAFSA and/or CSS Profile should be reported in a separate letter/email and submitted to the Peabody Financial Aid Office.
Prospective Students: Please contact the Peabody Financial Aid Office and speak to a counselor. We aim to make a Peabody education as affordable as possible. Prospective students may appeal to the Financial Aid Office for a reconsideration of their package. During this process, we may ask for additional information.
Current Students: Generally, scholarship awards that students receive at the time of their admission will stand for the duration of the degree program. However, Peabody does have an appeals process to reconsider students for any need-based financial aid in the event of significant changes in family financial circumstances. If you experience unforeseen financial hardship after you enroll, contact the Peabody Financial Aid Office to discuss your circumstances and how to appeal for additional financial aid consideration.
Current domestic undergraduates with unmet financial need will be awarded a one-time grant in the Spring 2024 semester, and will be asked to submit (or resubmit) a FAFSA and CSS Profile in Spring 2024 for the 2024-25 academic year. Students who are deemed eligible for need-based aid will receive a grant equivalent to their unmet need beginning the Fall 2024 semester, and will have federal student loans eliminated as part of their need-based financial aid packages. These new, no-loan packages will be renewed for the duration of their study, assuming continued eligibility for need-based aid.
All students who receive need-based financial aid will have a work expectation as part of their package. Hundreds of student jobs are available at Peabody each year, meeting a wide variety of interests, skill sets, and schedules, and our LAUNCHPad office will work with students to help them secure a work-study position during their studies.
No. If you are offered and accept a graduate assistantship, any previously awarded scholarship will be rescinded.
Generally, scholarship awards that students receive at the time of their admission will stand for the duration of the degree program. Students cannot re-audition for new or increased scholarship. However, Peabody does have an appeals process to reconsider financial aid in the event of significant changes in family financial circumstances.
Current domestic undergraduates with unmet financial need will be awarded a one-time grant in the Spring 2024 semester, and will be asked to submit (or resubmit) a FAFSA and CSS Profile in Spring 2024 for the 2024-25 academic year. Students who are deemed eligible for need-based aid will receive a grant equivalent to their unmet need beginning the Fall 2024 semester, and will have federal student loans eliminated as part of their need-based financial aid packages. These new, no-loan packages will be renewed for the duration of their study, assuming continued eligibility for need-based aid.
Given the already significantly reduced cost associated with the 13 month format of the Low Res MM program, Peabody will not offer institutional grants or scholarships for students who enroll in this program. However, federal and private loan options are available to students who qualify.
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.
All the individual colleges that comprise Johns Hopkins University are decentralized for financial aid purposes. Students enrolled only at Peabody will receive their entire financial aid package from Peabody. Double degree students will receive their financial aid from the Krieger School of Arts & Sciences/Whiting School of Engineering (Homewood campus).