{"id":92149,"date":"2024-12-10T09:51:56","date_gmt":"2024-12-10T14:51:56","guid":{"rendered":"https:\/\/peabody.jhu.edu\/?page_id=92149"},"modified":"2025-07-18T14:46:15","modified_gmt":"2025-07-18T18:46:15","slug":"a-transformational-moment","status":"publish","type":"page","link":"https:\/\/peabody.jhu.edu\/explore-peabody\/strategic-plan\/a-transformational-moment\/","title":{"rendered":"A Transformational Moment"},"content":{"rendered":"<h2>An Unprecedented Expansion of Undergraduate Financial Aid<\/h2>\n<p>Beginning in fall 2024, we will meet full demonstrated financial need for domestic undergraduate students with no loans.<\/p>\n<p>This is rare among universities let alone performing arts schools, making Peabody one of only a few in the country, and will result in increasing Peabody\u2019s discount rate to well over 70%, at the upper end of its peers.<\/p>\n<p>This will have an historic impact on attracting the highest-level student and also providing access to a Peabody education regardless of a student\u2019s financial circumstances.<\/p>\n<p>In just the inaugural year of this funding, the number of Pell-eligible students increased from 16% in 2023 to 22% in 2024 while the percentage of FLI students (first generation in a family attending college including those with limited income), increased from 24% to 31%, both critical indicators of socioeconomic diversity.<\/p>\n<h2>Reimagining Peabody\u2019s historic Mount Vernon campus<\/h2>\n<p>Beginning in 2021 Peabody began a series of studies to fully understand current and future capital needs based on Peabody\u2019s expanded enrollment and its aging physical infrastructure.<\/p>\n<p>This work led to a series of decisions to significantly upgrade and expand student housing, develop new and expanded programmatic space, and address long-standing deferred maintenance needs across the campus.<\/p>\n<p>The result is Peabody\u2019s commitment to plan and undertake a $163 million capital improvement initiative now underway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Unprecedented Expansion of Undergraduate Financial Aid Beginning in fall 2024, we will meet full demonstrated financial need for domestic undergraduate students with no loans. This is rare among universities [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":0,"parent":1364,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-92149","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/pages\/92149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/comments?post=92149"}],"version-history":[{"count":4,"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/pages\/92149\/revisions"}],"predecessor-version":[{"id":95752,"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/pages\/92149\/revisions\/95752"}],"up":[{"embeddable":true,"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/pages\/1364"}],"wp:attachment":[{"href":"https:\/\/peabody.jhu.edu\/wp-json\/wp\/v2\/media?parent=92149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}