The music industry has seen an explosive increase in scholarship spending, and it seems to be paying off.
In fact, it’s more than doubled in the last 10 years, according to the American Music Awards, which are a way for colleges to recognize and reward the best student performers.
The industry is now spending about $12 billion on music scholarships each year, and more than 40,000 students have received awards this year alone.
Here’s what you need to know about music scholarships and what you can expect to see in the future.
What are scholarships?
A music scholarship is a financial aid package that provides scholarships to music students, or to other students, who attend a certain college or university.
The most popular types of music scholarships are: $1,000-$3,000: These are typically scholarships for music majors.
The idea is to get the best students to graduate on time, but students also receive financial aid.
Music majors can receive a $1 in-kind scholarship.
The scholarship includes room, board and music lessons, as well as other costs like tuition and books.
More: $4,000 to $5,000, with up to two weeks of paid internships: These scholarships are given to students who complete two years of music studies.
Students can receive up to a $4 in-year scholarship.
This is often used for undergraduates who are studying to be a music major, but may also be used to attract high-school and college musicians to the music industry.
The cost varies depending on the amount of work students complete.
Music students can receive one year of music school tuition, but the costs can vary from $300 to $3,200 per semester.
Music school tuition for music students can range from $5 to $10,000 per year.
More on music schools: More on scholarships for students: