Financial aid refers to funding that students can use to pay for college and is generally awarded based on need or merit.

Need-based aid is determined by your or your family’s demonstrated ability to pay for college, as calculated by the Free Application for Federal Student Aid, known as the FAFSA. The average need-based scholarship or grant awarded to first-year students at Juilliard School was $42,500. Additionally, 68% of first-year students received need-based financial aid in fall 2021.

Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $3,630.

Merit-based aid, also called non-need-based aid, is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Juilliard School – excluding any athletic scholarships, if applicable – was $24,400.

Juilliard School met 73% of its students’ financial aid need. Read below to learn more about the types of aid available.

How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

At Juilliard School, the median federal loan debt among borrowers who completed their undergraduate degree is $25,500. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $270.

Additionally, 4% of graduating students at Juilliard School took out private loans. Students with private loans had an average of $83,914 in private loan debt at graduation.

Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.

Some students receive enough in scholarship money to cover their tuition and living expenses. See the types of scholarships and grants available at Juilliard School below.

Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job.

Begin your job search by checking whether your college has in-person or online job boards. Speak with professors, fellow students or career counselors for help finding a job related to your major and interests.