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Peabody offers numerous highly-competitive scholarships in order to enroll the best and brightest while making a Peabody degree as affordable as possible. 90% of our incoming students are recipients of scholarships and financial aid at Peabody, and the recent $50 million dollar gift to Peabody’s endowment from Michael Bloomberg has allowed us to award more aid than ever before, enabling us to help even more students afford a Peabody education. Peabody students are considered for scholarships during auditions and will be considered for federal aid awards after the results of the Free Application for Federal Student Aid are received.

Peabody Scholarships

Peabody Scholarships are awarded based on the merit, talent, financial need of the student and needs of the school for a balanced ensemble. All students are considered for Peabody Scholarship when they apply for admission. More info

Beginning with the 2019-20 academic year, current Peabody students who have earned a degree and are transitioning into the GPD program will only be eligible for one year of scholarship. The Graduate Performance Diploma is not eligible for participation in the Federal Financial Aid Programs.  Please contact the Peabody Financial Aid Office for information about non-federal financing options.

Financial Assistance

Peabody students applying for need-based financial assistance must complete the Free Application for Federal Student Aid (FAFSA) and the CSS Profile before the February 15th deadline.
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Tuition and Fees

2019-20 Tuition and Fees Schedule

Graduate Assistantships

Graduate Assistantships are available to qualified students who have been admitted to graduate programs (MM, AD, GPD, DMA) as full-time candidates. If you want to be considered for an assistantship, you will submit an assistantship application by the December 1st application deadline.

Assistantship Offerings

DMA Fellowships

Each year Peabody offers fellowships to a select cohort of admitted DMA students who demonstrate excellence in both academic scholarship and musical performance. Beginning in the 2019-20 academic year the Dean’s DMA fellowships will cover tuition and fees plus a stipend for the two required years of full-time residency.
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