Graduate Degree Admissions Information
Graduate Degree Tuition
The cost of attendance comprises charges billed directly to the student by Berklee Online as well as indirect costs that go along with attending school. For students receiving financial aid, the total cost of attendance reflects the maximum amount you can receive in scholarships, grants, and loans. Students attending full-time can complete the degree in 1 year.
|Tuition (based on 9 credits per term for 4 terms)||$33,120|
|Estimated Indirect Costs|
|Books and / or Software||$5,600 |
|Table of Charges*|
|Application Fee (non-refundable) ||$75|
|Tuition Per Course ||$2,760|
|One-time Comprehensive Entering Student Fee ||$500|
|Late Payment Fee ||$150|
*Tuition and fees are subject to change
Students providing proof of military status are eligible for a reduction in tuition.
There is a $150 late payment fee assessed per semester by the finance department for all payments submitted after the tuition due date.
The one-time comprehensive fee is a one-time fee charged to all entering students. The fee is assessed to cover costs associated with supporting online learning technology that augments the students’ academic experience.
Graduate Degree Financial Aid
Berklee Online Master's degree students who are U.S. citizens or permanent U.S. residents may apply for Federal Direct Unsubsidized Stafford loans through the Free Application for Federal Student Aid (FAFSA). Students who submit the FAFSA will be reviewed for Federal Direct Unsubsidized Loan eligibility only.
How to Apply
For the Fall 2018 term, students can complete the 2018-2019 Free Application for Federal Student Aid (FAFSA) online. You will need to create an FSA ID to confirm your identity and to electronically sign your FAFSA application. Be sure to list Berklee College of Music and Federal School Code 002126.
Types of Financial Aid
Financial assistance for your graduate education is available from the following federal student aid programs: Direct Unsubsidized Loans or Direct Plus Loans. In almost all cases, graduate students are considered independent students and are not required to submit parent information.
Graduate students may borrow up to $20,500 per year under the Federal Direct Unsubsidized Loan program. The $20,500 will be divided and distributed evenly across all semesters of study. Interest will begin to accrue upon disbursement and the interest rate is fixed at 5.84 percent. The loan also has a 1.068 percent origination fee that is deducted proportionately each time that a loan disbursement is made. Interest rates and loan amounts are subject to change. Please check the Federal Student Aid website for the latest information
Federal Student Loans
Graduate Direct Unsubsidized Loans: - Eligible students may borrow up to $20,500 annually. Please note that if a student enrolls in less than six (6) credits, s/he will no longer be eligible to receive federal aid. Students are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
The $20,500 will be divided and distributed evenly across all semesters of study. Interest will begin to accrue upon disbursement and the interest rate is fixed at 6.0 percent. The loan also has a 1.066 percent origination fee that is deducted proportionately each time that a loan disbursement is made. Interest rates and loan amounts are subject to change. Please check the Federal Student Aid website for the latest information.
Graduate Direct PLUS Loans: Eligible graduates who need to borrow more than maximum unsubsidized loan amounts may apply for a PLUS loan. A credit check will be completed during the application process. The maximum loan amount is the cost of attendance (determined by the school) minus any financial aid received. Students have the option of deferring repayment on PLUS loans while enrolled in school at least half-time and for a six-month grace period after the student graduates or drops below half-time enrollment.
Alternative Loan Options
Alternative loans help bridge the gap between the actual cost of your education and the other financial resources you have. Alternative loans are offered by private lenders (banks/credit unions) and are credit-based with variable interest rates. Berklee College of Music will process a loan from any lender, and it is your right to apply for loans through the lender of your choice without penalty. The college is in no way affiliated with, nor do we accept any benefits from, private loan lenders. We recommend certain lenders on our ELM Select website based on the choices of students or their families for whom loans were processed in the previous two years.
Overlapping Financial Aid
Federal aid received at another institution can impact the amount of federal aid that a student may receive at Berklee Online. Per federal regulations, Berklee participates in the federal transfer monitoring process whereby the U.S. Department of Education may take up to 90 days into the start of a student’s first term to notify Berklee that the student has federal aid awarded at another institution that overlaps into his or her enrollment dates at Berklee.
The Office of Student Financial Services may not be able to make an initial award offer to a student or may have to cancel aid that has already been awarded if we receive information that the student has applied for and/or received federal aid at another institution for an overlapping period. For example, if the loan period at the student’s prior institution ends even one day after his or her start quarter at Berklee, the student has an overlapping period and we must deduct aid received at the other institution from the student’s annual eligibility at Berklee.
Financial Literacy Resource: SALT
SALT is a program brought to you by the nonprofit American Student Assistance (ASA), and available to Berklee Online degree students and alumni for free. SALT helps students and alumni stay on track with student loan payments by offering free student loan advice and tips on finding a job after graduation. Create an account and select Berklee College of Music as your school to take advantage of this free financial planning resource.
Berklee Online Degree TMS Payment Plan Policy
To meet the needs of our students, we offer a flexible payment plan each semester through Tuition Management Systems (TMS). This plan allows students and families to spread payments throughout the semester beyond the tuition due date. The first installment is due upon enrollment in the plan, along with an enrollment fee of $25. To enroll through TMS, please visit berkleeonline.afford.com. Additionally, students can contact our Finance Department at firstname.lastname@example.org or 617-747-2146, ext. 5 for further information.
About Military Benefits
Berklee Online is honored to serve military members and their families. We offer a tuition discount to all military students, including both active duty military and veterans. For information about benefits offered by your specific branch, visit Berklee Online's Military Benefits Overview page.