$4,837

Avg. Federal Grant

$5,748

Avg. Federal Loan

$978,464

Total Aid Awarded

VanderCook College of Music Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$978.464K

Financial Aid Official Website

www.vandercook.edu/admissions/admissions-andaid/

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $421,881. Notably, a total of 67% of the applicants to VanderCook College of Music receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 62% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,217, while the same comes to $5,640 for State Grant receivers and $9,707 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,296. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At VanderCook College of Music, the percentage of candidates who opt to avail of student loans is around 90%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

47%

Institution Grant Aid

100%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,837

State Grant Aid

$5,583

Institution Grant Aid

$9,187

Pell Grant

$4,531

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,772

$30,001 - $48,000

$18,406

$48,001 - $75,000

$12,589

$75,001 - $110,000

$9,010

Over $110,000

$11,333

Student Loans for VanderCook College of Music

Average Loan Amount Average Loan Amount received per year.

$12,288/Year

Students Taking Out Loans

87%

Loan Default Rate

N/A

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