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Peabody Scholarships

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 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.

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 this program. However, federal loans and private loan options are available to students who qualify.

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 Students who enroll in the Double Degree program receive all of their financial aid from the Homewood Financial Aid Office.

Baltimore Scholars Program

The Baltimore Scholars program offers need-based financial aid to graduates of Baltimore City Public Schools. To qualify, students 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. Applicants with family incomes of $80,000 or less with typical assets will receive financial aid packages that meet their demonstrated financial need, and will consist of a combination of institutional scholarship or grant aid, as well as any federal and/or state grant aid for which they may be eligible. 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. 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.

Need-Based Scholarships

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.

State Scholarships

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 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.  

New MDCAPS Feature ! Students may now submit documentation to the Office of Student Financial Assistance (OSFA) as required for certain state grant/scholarship programs, online through their Maryland College Aid Processing System (MDCAPS) account.

How do I upload my documents in MDCAPS?

  1. Log in using your MDCAPS username and password.
  2. On the homepage click “Electronic File Upload”.
  3. Select the “Academic Year” for which you are uploading document(s) for.
  4. Select the “Document Type” you are uploading as it appears in the drop down menu.
  5. Click “Choose File” to select the file(s) you want to upload from your computer.
  6. Click “Submit”.
    • If you are uploading more than one file repeat steps 3-6.
  7. Once you have uploaded your file(s) the type of document(s) you uploaded will display at the bottom of the page.
  8. Click “View Application Status” at the top of the “Electronic File Upload” page in MDCAPS to view the “Status” of each document you successfully uploaded.
    • A status of “Submitted” means your documents were uploaded successfully.
    • A status of “Accepted” means MHEC has reviewed your document and the documentation is acceptable.
    • A status of “Rejected” means MHEC has reviewed your document and the information you provided is incomplete. You will receive a notification from our office informing you why the document is incomplete.

Documents uploaded through MDCAPS are secure.

Important information: All files must be in PDF, jpg, png, doc, or docx format.

Veteran Benefits

If you served on Active Duty, you might be eligible for education benefits offered by the Department of Veterans Affairs. For example, the Post-9/11 GI Bill® provides financial support for educational and housing expenses to individuals with at least 90 days of aggregate service after September 10, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill®.

If you are currently serving in the military, you may be eligible for funding offered through the Department of Defense Tuition Assistance program. Check your eligibility status and the amount for which you qualify with your Service prior to enrolling.

If you are the spouse or child of a service member who is serving on active duty Title 10 orders in the paygrades of E1-E5, O1-O2, or W1-W2, you may be eligible for financial assistance from the Department of Defense for education, training, and/or the occupational license and credentials necessary for a portable career.

If you are the spouse or child of a service member, you may be eligible for transfer of the service member’s Post-9/11 GI Bill® benefits to you. For more information, please visit:

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). For more information see the GI Bill Trademark terms of use.