Private 4 Year

Musicians Institute Tuition & Cost

Hollywood, California

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How much does it cost to attend?

Sticker Price
Costs for Musicians Institute
Fee Cost
Books and Supplies$1,746
Other Fees$270
Estimated Off Campus Cost of Living $15,900
Other Expenses Budget$4,647

Annual Prices

The annual list price to attend Musicians Institute on a full time basis for 2018/2019 is $47,088 for all students regardless of their residency. This fee is comprised of $24,525 for tuition, $15,900 room and board, $1,746 for books and supplies and $270 for other fees. Out of state tuition for Musicians Institute is $24,525, the same as California residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Musicians Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Musicians Institute
Family Income Net Price Paid
$0 to $30,000$32,519
$30,001 to $48,000$33,761
$48,001 to $75,000$36,558
$75,001 to $110,000$38,541

The average reported annual net price for Musicians Institute for students receiving grants or scholarship aid was $34,835 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

41% of full-time undergrad Musicians Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $5,078 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 32% of students received Federal Student Loans averaging $5,558.

Finanical Aid Musicians Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $5,078 41%
Institutional Grants and Scholarships $2,823 27%
Pell Grants $4,004 28%
Other Federal Grants $563 18%
State and Local Grants $3,402 3%
Federal Student Loans $5,558 32%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Musicians Institute, we've modeled a ten year student loan with an original principal value of $129,244. The loan balance of $129,244 is a four year multiple of the $32,311 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,233 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $129,244
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,233.13
Total Interest Paid $18,731.64
Sum of All Loan Payments $147,975.64

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $47,088
2 $47,300
3 $47,513
4 $47,727

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Musicians Institute to be $188,352 - assuming graduation in normal time. The estimation assumes a 0.5% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Musicians Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $545 $1,635 $2,180

Estimated cost for a class at Musicians Institute based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Musicians Institute versus other colleges.

Tuition Payment Plans Available

Musicians Institute Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=119270 IPEDS survey data for Musicians Institute.