<p>Welcome to CC, FluteMomLiz.</p>
<p>Edad had very good advice about the FAFSA calculations but I will warn you that most people are very surprised at how high their EFC turns out to be.</p>
<p>Merit aid at conservatories is generally used in two ways.  First, to attract  instruments for which there is a shortage at the school and second, to increase their odds of getting a top prospect to attend.  As I'm sure you know by now, the flute world is very competitive.  The top schools never need another flute, rather they get twenty or more applicants for every spot they have.  Getting into one of the schools you mentioned on flute is going to be very hard.  Significant merit scholarship money will likely be reserved for a relative handful of the very best from around the world.</p>
<p>Of the schools you mention, Rice is about $7K or $8K less per year than the others.  Unfortunately, they only take one or two undergrad flutes per year.  The teacher there is Leone Buyse, who is very well known in the flute world, so the competition is fierce.  They also require very strong academic credentials, which could either help or hurt your daughter's chances.</p>
<p>Oberlin offers merit aid to about a third of the entering class, usually in the amount of $8K to $12K.  They have Michel Debost and Kathleen Chastain on faculty, and are among the hardest admits anywhere for a flute student.</p>
<p>NEC has Paula Robison, Jeanne Baxtresser, and five other flute teachers including most of the BSO flute section so they take a fair number of flute students each year.  They are infamous for the tiny amount of merit-based aid that they offer.  You also have to be careful on the issue of having enough large ensembles to support the number of flutes they take.</p>
<p>Peabody's flute teachers do not have quite the same international soloist name recognition factor as the others, but are still quite good.  The odds of getting in there may be a little better than the others, but they are not exactly known as a school where the merit scholarship money flows freely.</p>
<p>Realize that some flute teachers know what they are talking about when they direct students to the top schools and some have no clue about the playing level required for admission these days.  You might want to ask that teacher whether any of their recent students have been admitted to the schools you mention.  Also, have a look at the suggested audition repertoire at the schools and ask her current teacher whether your daughter will be able to play that level of material to very high standards in a bit under two years.</p>
<p>Unless your daughter is among the best of the best, I would suggest looking for both financial safeties and for musical safeties.  If she is truly in the elite class, have a look at Curtis Institute in Philadelphia (free tuition for all students but expect to pay $15K or so per year for living expenses in Philadelphia).  On average, they take only one new flute student a year.  Some years they take none at all when no flute student graduated the previous year.</p>