Peabody is committed to providing an exceptional scholarship and financial aid program so that we may attract the best students while helping to ensure an education that is as affordable as possible. Approximately 90% of our incoming students are recipients of scholarship awards. Peabody Scholarships are awarded using a merit-driven, need-informed evaluation process with consideration given to the strength of the applicant’s audition balanced against the enrollment needs of the school.
Domestic students should file the Free Application for Federal Student Aid (FAFSA) with Peabody’s school code (E00233); first year undergraduates should also complete the CSS Profile. First year undergraduate and graduate International students should submit the CSS Profile application. The application is found at https://cssprofile.collegeboard.org/ and use school code 5532. Both applications are due by our deadline of February 15th. Students may also provide a letter explaining any special financial circumstances that may not be accurately reflected on the aid application.
For information about how to retain a Peabody Scholarship, please visit our Policies page.
NOTE: Students who are awarded graduate assistantships are not entitled to and cannot receive the Peabody Scholarship.
SPECIAL NOTE: If you are applying to the Double Degree Program (Peabody as well as the Krieger School of Arts & Sciences/Whiting School of Engineering), you must apply for financial aid through the Homewood Office of Student Financial Services. You may contact them at (410) 516-8028 or online at www.jhu.edu/finaid. Students who enroll in the Double Degree program receive all of their financial aid from the Homewood Financial Aid Office.
The Baltimore Scholars program offers need-based scholarships to graduates of Baltimore City Public Schools. Applicants must have resided in Baltimore City and have attended Baltimore City Public Schools for three consecutive years and be U.S. citizens or Permanent Residents. Applicants must submit the FAFSA, CSS Profile, Non-Custodial parent Profile (for divorced/separated families), and most recent Federal tax returns, all pages, schedules and W-2 forms. Beginning with the class entering in the fall of 2016, there are two tiers of funding for Baltimore Scholars. Applicants with family incomes of $80,000 or less with typical assets will receive full cost-of-attendance scholarships, covering tuition, room, board, and fees. Applicants with family incomes between $80,000 and $150,000 with typical assets will have their family contributions capped at 10% of family income and will receive loan-free financial aid packages. Students who were previously offered the tuition scholarship with family incomes outside of the new parameters will retain the full-tuition scholarship awarded under the previous guidelines for all four years of undergraduate study at Johns Hopkins. All scholars must file the FAFSA every year. Baltimore Scholars who are required to withdraw more than twice from Johns Hopkins University may not receive their Baltimore Scholarship if they return to Johns Hopkins University after the second withdrawal.
As a part of Michael Bloomberg’s 2018 gift to Johns Hopkins University to support undergraduate scholarships, Peabody will receive a $50 million contribution to its endowment. While Peabody’s scholarship system is largely merit-based, this gift will provide new dollars to improve access and affordability for eligible undergraduate students in the United States with demonstrated need, beginning with the Fall 2019 admissions cycle. Students who wish to be considered for the new, need-based scholarship funding made possible by Michael Bloomberg’s gift to the Peabody endowment must submit both the Free Application for Federal Student Aid (FAFSA) and CSS Profile by the February 15th deadline. We cannot guarantee consideration for Peabody need-based financial aid if these financial aid documents are received after this date.
Students from certain states may be eligible for state grants or scholarships to help fund their education at Peabody. Check with your state higher education agency for eligibility requirements. Some states may require a separate scholarship application to be considered for state funds. Maryland residents can check the status of their state scholarships or view the eligibility requirements for each Maryland program online at http://www.mhec.state.md.us/. Peabody expects all eligible financial aid applicants to apply for state funds. Apply early, as each state has a specific deadline and application process. Maryland residents must apply (using the FAFSA) no later than March 1st.