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 $50 million dollar gift to Peabody’s endowment from Michael Bloomberg in 2018 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

Financial Assistance

Peabody students applying for need-based financial assistance are required to complete the Free Application for Federal Student Aid (FAFSA) and the CSS Profile before the January 15 deadline for regular decision and December 15 for early decision, spring enrollment, and the low-residency master of music.
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Appeals for Circumstances

Peabody gives careful consideration to financial aid packages for admitted students based on the strength of the application, the audition, the interview, and the unmet need presented on the student’s FAFSA/CSS Profile.  If there are additional circumstances that you would like Peabody to consider due to affordability concerns, contact the Financial Aid Office for more information.

More Information on Submitting an Appeal
Request for Aid Reconsideration

Tuition and Fees

2023-24 Tuition and Fees

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.

Low Res MM students are not eligible for graduate assistantships.

Assistantship Offerings                Policies for Graduate Assistantships

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. 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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