Choosing a school is just as important as paying for it. Music schools offer two- and four-year degrees. You must enroll in an accredited university that accepts financial aid. Most schools have their own website which provides prospective students with information regarding how tuition can be paid. Thoroughly research the school before committing to attend.
Federal grants are available to students pursuing a two- or four-year degree at an accredited school. Grant amounts vary according to the student's income and any income coming from outside sources, such as parents. To complete an application for federal grants, first apply for a Federal Student Aid PIN (personal identification number), which allows you to submit an application with an electronic signature. Then go to the Free Application for Federal Student Aid (FAFSA) site to finish the application process.
The application process for state grants may vary by state. However, you must complete the FAFSA to receive any grants awarded by the state. You may also need to submit a GPA verification form that can be issued by your current college or high school. State grant awards vary depending on income. The grant must be used in the state in which it is awarded.
A variety of loans exist that are available to music students. However, federal loans offer the most favorable conditions for repayment. These loans offer maximum interest rate of 8.25 percent. Federal Stafford loans can be used for college and do not have to be paid while attending school. In most cases, repayment starts six months after the student graduates from school. Parents may also take out loans for their student's education using the Federal Parent Loan for Undergraduate Students (PLUS).
A variety of scholarships exist. Students can apply for institutional scholarships at their school of choice. Many websites offer a list of current scholarships available. Scholarships usually have a deadline and want scholarship applicants to either write an essay or provide a transcript, since most scholarships award students who have excellent grades or an exceptional talent. Some scholarships also award monetary compensation to low-income students.