Financial Aid at CIM consists of grants, scholarships, loans and work study. Learn more about the details of each type of aid available to graduate students.
The CIM Scholarship is a merit-based/need informed award. CIM faculty recommendations of the applicant audition are the primary component for this award, in addition to grades, test scores, outside letters of recommendation and expectation of student potential. This award is renewed at the same dollar amount each subsequent year for the normal duration of the program of study, provided the student has a minimum 3.0 cumulative grade point average (see SAP policy) and maintains satisfactory academic and artistic progress. For enrollment that exceeds the normal timeframe to complete a program, Dean approval is required to extend the scholarship, and requires a formal appeal by the student explaining the reason the program was not completed on time; scholarship renewals are not guaranteed for program extensions.
Applicants with the most significant documented financial need who meet all aid application requirements and deadlines are eligible for CIM grants. Consideration for the CIM grant requires completion of the FAFSA (U.S. citizens/permanent residents only) or CSS PROFILE (international applicants) by February 1, 2018.
CIM grant renewal will require annual FAFSA and/or NetPartner application. As long as financial need remains relatively unchanged, the award would likely renew at the same dollar value.
Graduate Assistantships are awarded institutionally to students in exchange for work responsibilities within CIM. These awards are extremely limited and are only applicable to students in specific areas, i.e. Collaborative Piano and Orchestral Conducting.
Graduate Assistantships are paid semi-monthly via an hourly rate per a Graduate Assistantship Contract. These awards require semi-monthly time sheets which are approved by the department faculty prior to payment. Renewal of this award in subsequent years of study may fluctuate and will include a review of prior year’s work.
Up to one student per year may be selected as the recipient of a full tuition scholarship to an eligible SPHINX competition participant.
Students, who are veterans of the armed services or dependents of veterans, should review their educational benefit options through the US Department of Veterans Affairs (DVA).
- Apply for educational benefits through the DVA.
- Notify CIM's Financial Aid Office that you are eligible and applying for veteran’s educational benefits.
Dependent of a veteran
- Your parent transfers a portion (or all) of his/her benefit to you through Transfer of Entitlement.
- After the transfer is approved, apply for the educational benefit through the DVA.
- Notify CIM's Financial Aid Office that you are eligible and applying for veteran's educational benefits.
Up to five students annually may be awarded this CIM Match support to accompany the VA GI Bill/Yellow Ribbon award as a veteran benefit. The combination of the CIM Yellow Ribbon Match and any other CIM funded grant aid(s) will be at least $20,000, renewable for the normal duration of the program, so long as the student remains an eligible recipient of the GI Bill and maintains a minimum 3.0 Cumulative GPA. The student or parent must qualify for 100% of the Post 9/11 GI Bill to be eligible for the Yellow Ribbon program. Applicants must disclose that status to the CIM Financial Aid Office by February 15 for consideration. If there are more than five eligible students, returning students get first priority. Any remaining openings are determined by the date the student's complete application for admission was submitted, and earliest application date gets first consideration.
CIM encourages students seek private aid and other funding options on their own. The following are organizations and tools you may wish to contact in search for additional funding. The listings are not exhaustive.
Always use caution when applying for private scholarship opportunities. Please visit Scholarship & Financial Aid Scams for warnings. Outside scholarships are sponsored, administered, and awarded by a various individual donors, organizations and private agencies not affiliated with CIM. Inclusion on this list does not constitute endorsement. These lists are provided for informational purposes only.
Advice for Outside Scholarships - The sites listed below are only one way to help, do not neglect to investigate other sources of information, particularly local scholarships:
- Ethnic and cultural organizations
- High school counseling office
- Military associations
- Parent's Employers
- Political parties and politicians
- Private foundations and charities
- Professional or trade associations
- Music organizations, orchestras, etc.
- Religious organizations
Advice for Foreign Students - Some scholarships may be available only to U.S. citizens or permanent residents; however, some scholarship agencies are geared specifically toward supporting foreign students. Please consult the following Web sites for more information:International Education Financial Aid EduPass
- Arleen Auger Memorial Fund
- Asian Cultural Council
- BMI Foundation
- Canada Council for the Arts
- Countess of Munster Musical Trust
- Fulbright Program
- Glenn Miller Birthplace Society
- Jack Kent Cooke Foundation
- Kurt Weill Foundation
- National Federation of Music Clubs
- Nina Elizabeth Nilssen Scholarship Fund
- Sphinx Competition
- Tuesday Musical Association
- Virtu Foundation
- Young Musicians Foundation
- College Prowler No Essay Scholarship
- Education Matters Scholarship
- Jacob Javitz Fellowship
- TruFit Good Citizen Scholarship
- US Bank's Internet Scholarship Program
Scholarship Search Engines
Encourages community service work as well as employment within CIM. You are paid by the hour on a semi-monthly basis via paychecks or direct deposit. Work Study does NOT get credited towards your tuition bill. You only get paid if you work. Jobs are secured by students during the Job Fair held during the first week of classes in the fall and a list of any remaining open jobs is posted on the Financial Aid Bulletin board year-round. These awards are taxable income subject to withholding and require a U.S. Social Security number and applicable tax/new hire forms. Work Study information is available here; job descriptions are coming soon
Many states have established state grant and/or scholarship programs that may be available to eligible students. Students must apply for these state programs individually (generally via the FAFSA). These grants and/or award amounts are not always available at the time CIM prepares initial award packages and award amounts and disbursement timing is subject to the applicable state’s budget appropriations and approval. Please refer to your state agency for more information.
Stafford Loans may be subsidized and/or unsubsidized. Subsidized loans are need-based (and only eligible to undergraduate students), unsubsidized loans are not need-based and are eligible to both undergraduate and graduate students. Annual Loan limits vary based on year of enrollment. See additional loan information.
Subsidized means the Federal government pays the interest while the student is enrolled at least half time; Unsubsidized requires the borrower to be responsible for interest that accrues from the time the funds are disbursed. Interest rates and origination fees vary annually. See the most updated rates, fees, requirements and repayment information.
Direct Loans are created directly through CIM. CIM offers ("packages") these loans to all eligible students. Students have the option to accept, reduce or decline all line items of aid independently when finalizing their aid offer on NetPartner upon admission (or renewal aid posting). Direct Loan Entrance Counseling and a completed Master Promissory Note are required prior to disbursement the first year receiving this loan. These items are completed online.
Direct Loan borrowers have the right to cancel or reduce the amount of their loans within 14 calendar days from the date the loan funds are credited (disbursed) to their student billing account and have any associated origination fees reversed. Borrowers who wish to cancel or reduce their loans must submit a specific written request within the 14-day period to the Financial Aid Office at CIM. After the 14-day period has expired, any cancellation or reduction of loans must take place directly between the borrower and the loan servicer, and lender origination fees are not reversed.
Once a Direct Loan has been disbursed (generally the 3rd or 4th week into a semester), the servicing of the loan(s) will be handled by any of the following official Federal Loan Servicers.
Graduate or professional students may borrow under the PLUS Loan Program up to the cost of attendance minus other financial assistance. The terms and conditions applicable to Parent PLUS Loans also apply to Graduate/Professional PLUS loans (except there is no additional Unsub Stafford option if credit is denied). This loan is applied for via studentloans.gov and requires a PLUS Loan Master Promissory Note (MPN) and Graduate Direct Loan Entrance Counseling prior to the first disbursement.
Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their annual loan maximum eligibility under the Direct Stafford Loan Program before applying for a Graduate/Professional PLUS loan.
The yearly limit on a PLUS Loan is equal to the cost of attendance minus any other financial aid received. For PLUS Loans, the interest rate is variable and is determined on July 1 of every year. Interest is charged on a PLUS Loan from the date of the first disbursement until the loan is paid in full.
Loan borrowers have the right to cancel or reduce the amount of their loans within 14 calendar days of the date the loan funds are credited (disbursed) to their student account and have any associated origination fees reversed. Borrowers who wish to cancel or reduce their loans must submit a written request within the 14-day period to the Financial Aid Office at CIM. After the 14-day period has expired, any cancellation or reduction of loans takes place directly between the borrower and the loan servicer and lender origination fees are not reversed.
Learn more about Direct PLUS Loans.
This program expired on October 1, 2015, but on February 17, 2016, per the Federal Perkins Loan Extension Act of 2015, it was extended through September 30, 2017 and allows new Perkins Loans under certain specific conditions:
- No new graduate Perkins loans may be offered. The only graduate students who may get a Perkins Loan for 16-17 year are those who received a Perkins Loan prior to October 1, 2015, if the student received his or her most recent Perkins Loan from that school in the same program. If the first disbursement of the 16-17 loan cannot be processed by September 30, 2016, the loan must be cancelled (this means any items relating to eligibility must be complete, such as Verification prior to September 30, 2016.
- Schools may not make Perkins Loans to any student on or after October 1, 2017.
- Only current undergraduates who have reached the maximum annual borrowing limit for the Direct Subsidized Stafford Loan are eligible for a new Perkins Loan after September 30, 2015.
For more details about the Federal Perkins Loan, please see the US Dept of Education Perkins Loan guide.
Should you need to borrow additional funds beyond federal loan programs, you may wish to consider a private educational loan. It is your responsibility to research these options to find the one best suited to your needs. Be sure to review interest rate, fees and special features. Be aware that each lender performs its own credit check and multiple checks can have an adverse effect on your credit score. You should opt for a loan that has no prepayment penalty and is deferred until graduation. Most importantly, borrow conservatively. If you or your parents have equity in a home, you may wish to pursue a home equity loan. Contact your mortgage holder or the bank of your choice to apply for such a loan.
CIM is not affiliated with and does not endorse any particular lender. You are welcome to choose any lender of your choice. However, here is a historical list of lenders that CIM students have used in recent years in alphabetical order:
- Citizens Bank TruFit Student Loan
- Discover Student Loans
- Notre Dame Federal Credit Union
- PNC Bank Private Loan
- Sallie Mae Parent Loan
- Sallie Mae Smart Option
- Union Federal Private Student Loan
All Private loan borrowers must submit a Self-Certification Form to the lender, in addition to the School Certification. Most lenders will provide this form to borrowers. However, you can download a copy of the Private Loan Self-Certification Form.