In case the students at Berklee College of Music face any financial issues concerning the fees and cost of living, and find the same to be high, they can seek help from the financial aid department of the varsity. It focuses on settling the issues that students face, and candidates can be assisted with scholarships, grants, and student loans. At the college, the average federal grant comes to be around $5,802, whereas the financial aid is $22,681. The college provides financial assistance in the form of state-level aid worth $1,579 and institutional aid worth $22,681. The total need-based scholarships/grants offered at BCM based on students' financial needs add up to $31,590,585 per year. Meanwhile, the total non-need-based scholarships/grants in a year come to around $31,703,052.