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Conservatory of Recording Arts and Sciences
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Grants & Loans

Standard Eligibility Examples for the 2015/2016 FAFSA

The intent of this information is to give basic scenarios of how aid may be applied towards tuition. All federal aid is contingent upon a completed and valid FAFSA application as well as meeting all eligibility requirements. To determine eligibility complete the FAFSA. Below are examples of standard eligibility.



Maximum Federal Aid Eligibility
for Master Recording Program II

(Includes both Academic Years, fees charged by lenders will be added to balance due.)

Maximum Pell Grant for 2015/2016:          $5,775.00

Dependent student eligibility:
With maximum Pell Grant
 $5375 Federal Direct Subsidized Loan3
$2833 Federal Direct Unsubsidized Loan3
$5775 Pell Grant1
$ Plus Loan2

Without Pell Grant
$5375 Federal Direct Subsidized Loan3
$2833 Federal Direct Unsubsidized Loan3
$ Plus Loan2

1 Pell Grants do not have to be paid back; they are awarded based on financial need.
2 Parent PLUS loans are available to eligible borrowers to assist with tuition payment and if approved, the balance may be fully covered (must reapply for second academic year funding). Visit www.fafsa.ed.gov to determine dependency status.
3 All loan amounts are Gross amounts. There is a 1% origination fee charged prior to loan disbursement.

Independent student eligibility:
With maximum Pell Grant
$5375 Federal Direct Subsidized Loan3
$8500 Federal Direct Unsubsidized Loan3
$5775 Pell Grant1

Without Pell Grant
$5375 Federal Direct Subsidized Loan3
$8500 Federal Direct Unsubsidized Loan3

1 Pell Grants do not have to be paid back; they are awarded based on financial need.
- All Loans must be repaid. Stafford Loans are not based on credit and have a standard 10 year repayment term.
- The Conservatory’s Master Recording Program II spans two Academic Years, which dictates how Federal Aid is earned and applied towards tuition charges.
- Students are required to pass all classes to maintain full Federal Aid eligibility.
3 All loan amounts are Gross amounts. There is a 1% origination fee charged prior to loan disbursement.


Additional options include:
Private Educational loans are available to eligible borrowers who meet lender requirements. Students may seek and apply for private educational loans to cover their balance. Links to research these loans are provided in the Get Started tab under Step 4.

An interest free payment plan is available upon request.

In addition to Federal Financial aid many other types of aid are available. Students are encouraged to search for scholarships online and through their community to assist in tuition payment.
CRAS Grad
Career Opportunities
Recording engineer
- Music
- Soundtracks
Game audio designer
- Video games
- Apps
- Mobile audio
Live sound engineer
- Concerts
- Stage monitors
Radio production
- Location remotes
- Live radio
Corporate media tech
- Hotels
- Conference centers
- Boardrooms
TV/video scoring engineer
- Background music
- Voice over/narration
Movies
- Foley engineer
- Dialog replacement
- Sound effects
Manufacturer’s specialist
- Product rep
- Product specialist
Environmental sound design
- Malls
- Airports
- Public spaces
Live stage/theater sound
- Musicals
- Drama
- Lectures
And more!