Survey of Current Financial Needs of Undergraduate Music Therapy Students

Abstract

Abstract Students attending college rely on a variety of social and financial resources to cover the personal and academic costs of higher education. The most common tool for students is financial aid, which may include loans, needs-based grants, and work–study. Federal financial aid is designed to increase accessibility for individuals to pursue a college degree and is generally determined by their family’s assets or socioeconomic status. Research has suggested positive and negative relationships between students’ socioeconomic status and their academic outcomes. As this relationship has yet to be explored in music therapy, the primary purpose of this study was to explore the current financial needs and economic diversity of American undergraduate music therapy students. A survey was sent in April of 2020 for dissemination to undergraduate music therapy majors. Students from across the United States (n = 346) completed the questionnaire. Key findings included (a) most music therapy students (61.7%) took out student loans during the 2019–2020 academic year and expect substantial levels of debt upon graduation (>$10,000); (b) about one-third (34.4%) of respondents received the Pell Grant, a needs-based grant, in the past year; (c) a considerable majority (77.5%) were employed during school; and (d) 97% of students received additional financial assistance from their families. This study also compared the needs between BIPOC (Black, indigenous, people of color) and white students. Implications of findings as they relate to music therapy education and further research regarding the financial need and socioeconomic status are also discussed.