Frequently Asked Questions about Federal Financial Aid
Yes. The process is the same for both diploma- and degree-seeking students at Berklee College of Music.
Berklee's federal school code is 002126. This code should be used for Berklee College of Music, Boston Conservatory at Berklee, Berklee Valencia, and Berklee Online.
Students and parents will report calendar year 2018 income tax information on the 2020–2021 FAFSA. Year 2017 tax information will be used for the 2019–2020 FAFSA.
We recommend that students and parents use the IRS Data Retrieval Tool to transfer tax information directly into the FAFSA.
You have the right to cancel your federal loans before they are disbursed or within 14 days of being notified of disbursement.
Most private loan lenders have a 30- or 60-day deadline for sending either all or part of a loan back. Once you are outside this window, the parent or student may be responsible for loan fees, several payments, and any interest that has accrued. We recommend that you check with your lender before signing your loan agreement to clarify their return-of-funds policy.
To remain eligible for federal student aid, you must be enrolled at least half time (six credits) in a semester. Students who fall below half time will need to complete exit counseling and may go into loan repayment.
If you plan to attend Berklee part time, you must get approved for part-time enrollment through the Office of the Registrar by completing a Part-Time Authorization Request Form.
Per federal regulations, students who receive Title IV federal financial aid and who fully withdraw from Berklee on or before the 60 percent point in the term (in calendar days) are entitled to keep only the portion of Title IV federal student aid that they have earned to that point. If a student who is receiving federal financial aid withdraws after the 60 percent point of the term, that student is considered to have earned all of the federal student aid for that semester.
If you graduate, withdraw, or drop below six credits, you are required to complete exit counseling. This can be done online at studentloans.gov.
For more information about these and other financial aid topics, consult the Policy Handbook for Students.
Please contact the Office of the Registrar for more information on the withdrawal policy:
For the purposes of federal financial aid, students are considered dependent on their parents until they are 24 years of age, regardless of financial support. There are circumstances, however, when a student under the age of 24 may be considered independent.
The student can be considered independent if they:
- are married;
- are providing more than half the support for their child;
- are living with and providing more than half the support for somebody else;
- are in a master’s or doctorate program;
- are an orphan or a ward of the court (at any time since age 13);
- are currently serving on active duty in the U.S. armed forces for purposes other than training;
- are a veteran of the U.S. armed forces;
- are an emancipated minor, as determined by the state of their legal residence;
- are or were in legal guardianship, as determined by a court in the student’s state of legal residence;
- have been declared an unaccompanied youth who is homeless by their high school or school district (on or after July 1, 2008);
- have been declared an unaccompanied youth who is homeless by a director of an emergency shelter or transitional housing program funded by the U.S. Department of Housing (on or after July 1, 2008); or,
- have been declared an unaccompanied youth who was homeless or was self-supporting and at risk of being homeless by the director of a runaway or homeless youth basic center or transitional living program (on or after July 1, 2008).
Verification documentation will be requested if a student claims any of these circumstances. Students who don’t fall into the above circumstances can be declared independent only in extreme circumstances.
All students are required to consistently meet or exceed satisfactory academic progress (SAP) standards each semester.