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Business News (more headlines) 02-08-2014

McNally Smith College Of Music's New Founders Grant Advances School's Commitment To Reduce Tuition, Support Aspiring Music Professionals

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McNally Smith College of Music announced the details of its new Founders Grant — a need-based financial aid program that helps students pay for their college education. Qualified Founders Grant applicants are eligible to receive up to $4,654 per semester in tuition relief.On average, qualifying students will receive $2500 per semester; potentially saving students $5,000 or more on tuition per year. Because this is a grant, recipients who adhere to program terms and conditions will have no money to repay.

The Founders Grant advances McNally Smith's commitment to invest in talent and make a quality music education affordable for all deserving students. On average, the College awards more than $1 million in institutional aid annually, and more than 85% of students receive financial assistance to help cover their educational costs.

"This new need-based program demonstrates the desire by the College and its founders to help nurture and develop future generations of music and creative media professionals," says McNally Smith President Harry Chalmiers. "The Founders Grant provides significant financial relief to students who otherwise wouldn't have the opportunity to pursue a life in music through an education at McNally Smith."

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