Peabody to meet full student financial need and eliminate loans

An individual conducts a group of classical musicians seated in an orchestra arrangement Peabody Conservatory to meet full student financial need and eliminate loans Peabody is the largest-and one of the few-conservatories in the U.S. to make the commitment to meeting full financial need. The Peabody Conservatory of the Johns Hopkins University has announced it will meet 100% of demonstrated financial need for all domestic undergraduate students and eliminate loans from financial aid packages beginning in the fall 2024 semester. Current domestic undergraduate students with unmet financial need have also received a grant in spring 2024. "We are incredibly excited to announce this debt reduction initiative for the next generation of performing artists," Peabody Institute Dean Fred Bronstein said. "Our investment in undergraduate financial aid will expand access to a world-class education in classical music, dance, jazz, the recording arts, and other innovative programs to exceptionally talented students from a diverse range of socioeconomic backgrounds, regardless of their financial circumstances. Countless aspiring young performing artists will realize a new opportunity to pursue their dreams, unencumbered by student loan debt, and make an impact as citizen artists and leaders in the world." The conservatory will continue its longstanding practice of need-blind admissions, meaning a family's financial circumstances will not factor into an admissions decision. Additionally, Peabody will continue to provide a competitive merit scholarship program for which all students, including international and graduate students, are automatically considered during the admissions process.