Cost Details
- In-State Tuition
- $42,500
- Out-of-State Tuition
- $42,500
- Average Net Price
- $32,623
- Students Receiving Financial Aid
- 14.6%
- Room & Board (On Campus)
- $14,550
- Room & Board (Off Campus)
- $15,750
- Books & Supplies
- $1,600
- Total Cost of Attendance
- $58,650
- Median Debt at Graduation
- $24,968
- Estimated Monthly Loan Payment
- $265/mo
- Loan Repayment Rate
- 64.4%
- Students Taking Federal Loans
- 36.7%
- Pell Grant Recipients
- 14.6%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $29,523 |
| $30,001 – $48,000 | $34,698 |
| $48,001 – $75,000 | $33,245 |
| $75,001 – $110,000 | $33,843 |
| $110,001+ | $33,186 |
Cost Estimator
Cost Overview
Most families pay around $33,000 annually at Cleveland Institute of Music, despite the $58,650 sticker price. Net costs stay remarkably consistent across income brackets, ranging from $29,523 for families earning under $30,000 to $33,843 for those making $75,000-$110,000. Over four years, expect to invest roughly $132,000 in your musical education.
The debt picture reflects the realities of a conservatory career. Graduates carry a median debt of $24,968, translating to $265 monthly payments. Early career earnings of $15,625 in year one make those payments challenging, though 64.44% of borrowers successfully repay their loans. Only 14.57% of students receive need-based aid, suggesting most families pay close to full price.
Students from the lowest-income families get the best deal here, saving about $4,000 annually compared to middle-class peers. The school's financial aid targets the neediest students while expecting most families to shoulder substantial costs.
The debt picture reflects the realities of a conservatory career. Graduates carry a median debt of $24,968, translating to $265 monthly payments. Early career earnings of $15,625 in year one make those payments challenging, though 64.44% of borrowers successfully repay their loans. Only 14.57% of students receive need-based aid, suggesting most families pay close to full price.
Students from the lowest-income families get the best deal here, saving about $4,000 annually compared to middle-class peers. The school's financial aid targets the neediest students while expecting most families to shoulder substantial costs.
Official Net Price Calculator
Get a personalized cost estimate from Cleveland Institute of Music:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.