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Financing Your Education

McNally Smith College of Music is committed to nurturing and developing future music makers and creative media professionals. We believe it’s important to invest in talent. That’s why we work to do everything we can to make our unique educational experience accessible and affordable to all students.

On average, we award more than $2 million in College-funded aid, and more than 95% of our students receive financial assistance to help cover their educational costs. Each year we invest in our students and recognize their potential through a variety of financial aid programs, including:

  • Grants — The Financial Aid Office administers need-based aid in the form of grants, which do not need to be repaid and are determined by the results of your Free Application for Federal Student Aid (FAFSA). This is a standard form used by the federal government to determine financial aid eligibility. You must complete your FAFSA in order to be considered for any grants or loans. Applying for aid doesn’t affect your chances of being accepted to the College.
  • Institutional Scholarships — McNally Smith College of Music offers a number of merit-based scholarships to incoming and returning students. Scholarship requirements vary depending on the type of award. Awards are given in the form of a tuition discount.
  • Outside Scholarships — In addition to scholarships and financial aid available through McNally Smith, scholarships are available from other sources outside the College.
  • Veterans Educational Benefits — The College participates in various Veterans Educational Benefits programs including the Post 9/11 GI Bill and Yellow Ribbon Program.
  • Student Employment — Over 70 part time work-study jobs are available on-campus to students to help pay for educational expenses.
  • Loans — McNally Smith participates in the Direct Loan Program, which offers several types of loan programs managed by the federal government.