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Financial Aid Grants, Loans & Scholarships

Grants, Loans & Scholarships

Our Student Financial Services department is here to help those students who require financial assistance.

A CRAS student meets with a CRAS Financial Aid representative at the Gilbert satellite campus.
A CRAS student meets with a CRAS Financial Aid representative at the Gilbert satellite campus.
Students work on class projects in the CRAS student lounge area.
Students work on class projects in the CRAS student lounge area.

Many of our students utilize some form of financial aid and the CRAS Student Financial Services department provides you with assistance and planning.

  • Federal financial aid is available to those who qualify. (Federal Direct Loans and Federal Pell Grants).
  • Scholarships
  • Additional Finance Options: Private financial resources are available.
  • Veteran’s Administration educational benefits.
  • Preferred Tuition Payment Method: We offer an interest free payment plan to pay for tuition.

Standard Eligibility Examples for the 2018/2019 FAFSA

The FAFSA (Free Application for Federal Student Aid) must be completed at FAFSA.gov and all general eligibility requirements must be met to receive Federal Aid. Below are examples of standard eligibility.


Maximum Federal Aid Eligibility for Master Recording Program II

(Includes both Academic Years)

Maximum Pell Grant for 2018/2019: $6,095.00

Dependent Student Eligibility:

Independent Student Eligibility:

With Maximum Federal Pell Grant

With Maximum Federal Pell Grant

$5,469 Federal Direct Subsidized Loan

$5,469 Federal Direct Subsidized Loan

$2,875 Federal Direct Unsubsidized Loan

$8,625 Federal Direct Unsubsidized Loan

$6,095 Federal Pell Grant

$6,095 Federal Pell Grant

$ Federal PLUS Loan

Without Federal Pell Grant

Without Federal Pell Grant

$5,469 Federal Direct Subsidized Loan

$5,469 Federal Direct Subsidized Loan

$2,875 Federal Direct Unsubsidized Loan

$8,625 Federal Direct Unsubsidized Loan

$ Federal PLUS Loan

  • Federal Pell Grants do not have to be paid back; they are awarded based on financial need.
  • Federal PLUS loans are available to eligible parent borrowers to assist with the cost of attendance and if approved, the balance may be fully covered (must reapply for second academic year funding).
  • All Loans must be repaid. Federal Direct Loans are not based on credit and have a standard 10 year repayment term.
  • All loan amounts listed are gross amounts. Federal Direct Loans with a first disbursement date on or after 10/1/2018 will have a 1.062% origination fee charged prior to disbursement. Federal PLUS loans with a first disbursement date on or after 10/1/2018 will have a 4.248% origination fee charged prior to disbursement.
  • The Conservatory’s Master Recording Program II spans two academic years, and determines how Federal Aid is earned and applied towards tuition charges.
  • Students are required to pass all classes to maintain Federal Aid eligibility.

Scholarships

Scholarships are forms of aid to help students pay for a portion of their education. Scholarship research should be completed well in advance of your start date. Below is a list to help you get started.

Based on “America’s Best College Scholarships”, John Cueller — Sons, March 1998



Additional Finance Options

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.

Additional funding may be necessary after your Federal Financial Aid is calculated. Please visit the sites below to research and inquire regarding Private Educational Loans that could help with any balance owing.



Preferred Tuition Payment Method

Students who choose to set up a monthly cash payment must utilize the Nelnet Business Solution Link.

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