Peabody offers a robust and comprehensive financial aid program in order to enroll the best and brightest while making a Peabody degree as affordable as possible. Ninety percent of our incoming students are recipients of scholarships and financial aid, and 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 while continuing our competitive merit scholarship program for all students, including international and graduate students.

Peabody students are considered for scholarships at the time of admission and will be considered for any need-based financial aid after the results of the Free Application for Federal Student Aid (FAFSA) and the CSS Profile are received.

Peabody offers two kinds of institutional aid:

  1. Peabody merit scholarships
  2. Need-based financial aid

Peabody Merit Scholarships

Peabody Merit Scholarships are awarded based on the merit and talent of the student and needs of the school to achieve balance across major areas. All students—undergraduate and graduate, domestic and international—are considered for Peabody Merit Scholarship when they apply for admission. More info

Need-Based Financial Aid

Peabody undergraduate students and applicants who are U.S. citizens and permanent residents who wish to apply for need-based institutional financial aid are required to file both the Free Application for Federal Student Aid (FAFSA) and the CSS Profile. The FAFSA, which demonstrates eligibility for federal aid opportunities such as federal grants and work-study, is available at and is required. Students may file the CSS Profile, which demonstrates eligibility for institutional need-based aid, at Our FAFSA school code is E00233 and CSS Profile school code is 5532.

Graduate domestic students who wish to be considered for federal aid need only submit the FAFSA.

More info

Financial Aid Submission Deadlines

Early Decision deadline is November 15
Spring 2024 enrollment deadline is November 15
[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.]
Regular Decision deadline is February 15 for the FAFSA; the deadline is January 15 for the CSS Profile
Low Res MM deadline is February 15 for the FAFSA; no CSS Profile is needed
May Auditions deadline is April 1

For Maryland residents only: The Maryland Higher Education Commission has extended the Maryland financial aid deadline to submit the 2024-25 Free Application for Federal Student Aid (FAFSA) to June 1, 2024.  However, students are encouraged to submit the FAFSA by the priority deadline of March 1, 2024 to receive notification of eligibility by April 15, 2024.

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

2024-25 Tuition and Fees