Other Financing Options

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If your financial aid package and family resources are not enough to cover your costs of attending Berklee, education loans may be a viable option to supplement your resources. Many students apply for an alternative loan after applying for federal aid, Berklee scholarships, and outside scholarships, but prior to receiving a billing statement from the college. You may request a supplemental loan equal to the amount of your cost of attendance minus the amount of your financial aid.

Both the federal government and a number of private lenders provide supplemental loans. It is the lenders who establish eligibility criteria, which will include a review of the borrower’s credit score. For families who are able to make payments out-of-pocket but are seeking a more incremental method of doing so, there is also a payment plan available. Use the menu on the left or click on the links below for more information about alternative loan options and/or the payment plan.