Financial Aid

Berkleemusic provides flexible payment plans and works with a number of educational loan providers to make the investment in your musical education as manageable as possible. Preferred loan programs with the nation's most respected banks, employer tuition assistance, military benefits, and our Flexible Payment Tuition Plans for Certificate Programs allow students the opportunity to pursue their education for as little as $50 a month.

It is recommended that students who are interested in pursuing financial aid do so well in advance of the term start dates as processing times vary depending upon the program.

For more information, contact our online Continuing Education Registrar, or call 1.866.BERKLEE (1-866-237-5533) .

Flexible Payment Tuition Plans for Certificate Programs

Students have the option of paying for their entire certificate program up front (to receive 10% off the total cost of the program) or use our Pay Per-Term plan. For more information please check our Tuition and Fees page.

Non-Federal Education Loan Lenders

At this time, students cannot use federal financial aid towards Berkleemusic.com courses or programs. They can, however, use one of our preferred loan programs below. To expedite the process of applying and receiving a loan, students are strongly encouraged to only use one of the recommended loan programs below. Using a loan program outside of what is recommended could cause a student's approval to be delayed or denied. If a student wishes to choose an alternate loan program, they are asked to contact the Continuing Education Registrar for approval.

	Education Connection Loan Student Benefits: Students can borrow $1,000 - $25,000 annually, based on the cost of education (tuition, books, etc.) The aggregate loan limit is $100,000 including all other educational debt. Competitive annual percentage rate (APR). Variable APR, based on credit. Lower your interest rate when you pay responsibly: 0.50% after you make your first 48 consecutive on-time monthly payments 0.50% when we automatically withdraw your payments from a Wells Fargo checking or savings account (0.25% from a non-Wells Fargo account) Wells Fargo services the loans from application through repayment, so you get: Loan experts ready to help you. Free online account access, so it's easy to pay your loan. One bank for all your financial needs. More Info... Important Information for borrowers To be eligible, you must be enrolled in a certificate program, and meet other eligibility requirements listed below: Have an established, positive credit history, an acceptable debt-to-income ratio, and a minimum income of $12,000 -- or a cosigner who does. Be a U.S. citizen, U.S. national, or permanent resident alien without conditions. For permanent resident aliens, a U.S. citizen cosigner is required. Please note: If you're approved with a cosigner, you can release him or her from liability after making your first 24 consecutive on-time monthly principal and interest payments, if you meet the minimum credit guidelines at the time of the request. Wells Fargo loan disbursement checks are issued co-payable to the student and to the school. The student should sign the back of the check and send it to the school to process. The school cannot sign a check and return it to the student. If the loan amount is greater than the tuition due, the remaining balance will be refunded to the student. Refunds are processed three weeks after the course has begun so be sure to apply early. For more information please visit https://www.wellsfargo.com/student/undergrad/education Click here to apply now https://www.wellsfargo.com/student/undergrad/education
	The Sallie Mae Continuing Education loan is a private, credit-based loan that is specifically designed to provide financing for students not seeking degrees and for part-time students seeking degrees. The loan can be used to cover the cost of attendance, including tuition, books, fees, a computer, and even living expenses. Student Benefits: Interest Rates currently between one-month London Interbank Offered Rate (LIBOR) + 6.5%, and One-month LIBOR + 11.5%. Applications can be approved and checks mailed within 48-72 hours. The tuition amount will be sent directly to Berkleemusic while any additional amounts requested go directly to the student. Flexible repayment options. Covers tuition and education-related expenses. Students can check the status of their application online. More Info... Important Information for borrowers If you are unsure of your credit worthiness, you should apply with a cosigner. There are benefits of applying with a cosigner which are: A potential lower interest rate and loan fee if the cosigner has a significantly better credit rating than the applicant. Adding a cosigner will assist you with a loan approval and may allow the applicant to begin establishing a solid credit history. After making 24 consecutive, on-time monthly payments of principal and interest, your cosigner may be removed from the loan. Apply online today: Click here to apply. When applying be sure to only choose ONE loan disbursement date which coincides with the term you are applying for. Berkleemusic cannot accept loans with more than one disbursement date. In addition, please note that you may be able to decrease your interest rate by applying with a qualified co-signer. You MUST be enrolled in a program in order to have your loan application certified. If you are paying for your program in full the tuition amount on the loan application should reflect the 10% discount. Note: Sallie Mae Continuing Education Loans are private, credit-based loans and are not federally sponsored or guaranteed.
	GreenNote is an innovative new company that has been created to help students obtain loans for education via social networking rather than through traditional lending methods. Using the GreenNote online platform, students connect with their social network--friends, family, friends of family, community leaders and others--to ask for small student loans. GreenNote helps formalize everything into legally binding loans and handles all the details from loan documentation through repayment. Loan rates may be less than what is available from other private loans. Those who do loan money to students will receive a reasonable return on their investment while assisting the student to go to school. More Info... Loan Details: Fixed interest rate currently set at 6.8% Repayment term of 10 years Payments deferred up to 5 years May be used for any post-secondary educational institution; proof of enrollment is required Can be borrowed up to the cost of attendance, minus other aid received Grace period of 6 months Interest accumulates while your payments are deferred and is capitalized to the principal at repayment No prepayment penalties Repayment will be principal and interest Documentation fee of 2% (minimum of $49) Annual lender administration fee of 1% For more information please visit https://www.greennote.com
	GradeFund is a community-based revolutionary approach to student education financing that encourages academic success. Imagine a world where family, friends, philanthropists, corporations and other organizations join together in the mission of rewarding students for performing well in school. GradeFund enables individuals and businesses to promote education and help students by sponsoring good grades. Students invite their friends and family to sponsor their drive for good grades. Sponsors choose grade levels and sponsorship amounts for each grade (as low as $5). Each semester students upload their transcript. Gradefund verifies grades, collects money from sponsors, and sends it to the school or the student depending on sponsor preferences. For individuals or companies that want to create an educational cause, they select the classes and grade levels at the universities they want to sponsor. Gradefund will send the money to the eligible students who achieve the target performance levels. More Info... How it works: Create an account at http://www.gradefund.com/signup. Invite sponsors Reach out to friends, family, colleagues and ask them to sponsor you. Gradefund has invitation templates available or you can create your own. Upload your transcript Simply submit your transcript to Gradefund, enter your classes and grades online and Gradefund will take care of the rest. Receive your funds Money will be collected from your sponsors. After a small fee is deducted, Gradefund will issue the funds either directly to the school or to you depending on your sponsor?s preferences. Gradefund requires that a student raise $100 before any checks will be issues. A 5% transaction fee will be assessed once $100 or more is raised. Benefits to using Gradefund: Raise money to pay for your education. Get rewarded for academic excellence from friends, family, companies, and philanthropists. Let employers and institutions find you anonymously through your performance record and get job and internship offers. For more information please visit www.gradefund.com
	Virgin Money helps people access affordable and flexible credit, offering unique financial services and a customer experience that most banks cannot match. Using the Virgin Money Student Payback option, students borrow money from a friend or family member. They use the money to pay for school. They then pay the money back in regular installments to their lender through Virgin Money. Students have to find their own lenders but Virgin Money will act as a neutral third party, facilitate repayments, provide customer service, and provide reports for accounting and tax purposes. They will document the amount to be repaid, at the terms selected. Once repayment is underway, loan servicing (at $9 per payment) includes email reminders, friendly phone calls if payments are missed, monthly statements and year-end reports. More Info... To get started: Make a list of potential lenders who may be able to contribute to your education. Discuss with your lenders, the role of Virgin Money and come to an agreement on the loan amount and terms. Give Virgin Money a call at 1.800.805.2472 with any questions. Once you have taken care of all that select the full or single-use Student Payback option, and set it up. For more information please visit Virgin Money or the Virgin Money page at Finaid.org
	3. Other Resources Military Benefits Berkleemusic offers a number of flexible options that help service members with a demanding military schedule achieve their musical goals. For information on using military benefits for the certificate programs or courses, please visit our Military Benefits page here: http://www.berkleemusic.com/school/schoolinfo/military/ Employer Tuition Assistance Many employers offer full or partial tuition assistance to their employees. For information on using employer tuition assistance for the certificate programs or courses, please visit our Employer Tuition Assistance page here: http://www.berkleemusic.com/school/schoolinfo/tuitionassistance/ International Students Various forms of financial aid, grants, and scholarships are available for international students. Learn more about financial aid for international students at these Web Sites: www.edupass.org/finaid - Financial aid information for international students www.iefa.org - International Education Financial Aid (IEFA) scholarship search is the premier resource for financial aid, college scholarship and grant information for international students wishing to study abroad

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