OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Manhattan School of Music (MSM) Financial Aid and Scholarships 2022

There is a private university in New York, NY called Manhattan School of Music. It was in 1917 when the Manhattan School of Music was founded. The motto of Manhattan School of Music is Latin: Macte virtute sic itur ad astra. This defines the north star being chased by both the students and the administrators. In addition to over 488 undergraduate students, MSM also boasts of over 519 students in its postgraduate courses, taking the total enrollment to over 1,007. To teach various courses to t

Manhattan School of Music (MSM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$8.336M

Financial Aid Official Website

www.msmnyc.edu/admissions/scholarships-financial-aid/

As many as 80% of the students at MSM get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,059,044 in a year. One can visit MSM's financial aid page at http://www.msmnyc.edu/admissions/scholarships-financial-aid/ for more information. The total percentage of candidates applying to Manhattan School of Music who receive the Federal Grant is 17%. Meanwhile, 77% of the applicants receive the Student Grant and 75% are awarded the Institution Grant, while 17% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,849, and the same stands at $1,423 for State Grant awardees and $25,814 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,858. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,293 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,736, while those falling in the $48,001-$75,000 income category get $20,664 a year. On the other hand, the average federal aid stands at $21,908 for those with an annual family income between $75,001 and $110,000, and at $14,504 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MSM, an estimated number of 75% of the applicants choose to go for student loans.

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