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New Founders Grant Advances McNally Smith’s Commitment to Reduce Tuition, Support Aspiring Music Professionals

McNally Smith College of Music announced today the details of its new Founders Grant — a need-based financial aid program that helps students pay for their college education. Qualified Founders Grant applicants are eligible to receive up to $4,654 per semester in tuition relief. On average, qualifying students will receive $2500 per semester; potentially saving students $5000 or more on tuition per year. Because this is a grant, recipients who adhere to program terms and conditions will have no money to repay.

The Founders Grant advances McNally Smith’s commitment to invest in talent and make a quality music education affordable for all deserving students. On average, the College awards more than $1 million in institutional aid annually, and more than 85% of students receive financial assistance to help cover their educational costs.

“This new need-based program demonstrates the desire by the College and its founders to help nurture and develop future generations of music and creative media professionals,” says McNally Smith President Harry Chalmiers. “The Founders Grant provides significant financial relief to students who otherwise wouldn’t have the opportunity to pursue a life in music through an education at McNally Smith.”

The Founders Grant is currently available to new Summer 2014 and Fall 2014 students only. To qualify, students must be enrolled full-time (12 or more credits per semester) at McNally Smith and maintain a 2.5 cumulative GPA. Founders Grant awards may be available for up to 8 semesters per student, depending on program. To apply, students simply need to submit a Federal Financial Aid Application (FAFSA) with their entrance application. Early Priority Deadline is March 15, 2014. Priority Deadline is April 18,2014.

For more information on the Founders Grant, visit:

The Founders Grant is the latest in a series of institutional financial aid initiatives designed to help McNally Smith students and their families manage the cost of a college education:

  • In Fall 2013 McNally Smith announced it would freeze tuition until August 2015, a move that continues to offer savings for all incoming and current students. For more information, visit
  • In 2012 McNally Smith introduced the Degree in 3 Program — a special fast track that lets new freshmen complete a Bachelor’s Degree in just three years, allowing graduates to begin their careers sooner while providing significant financial relief in housing, food, transportation and other costs of living. For more information, visit

For complete information about financial aid resources — including need-based grants, scholarships, and loans available through federal, state and private sources — visit