<p>Oberlin Conservatory offers merit aid based on the audition and the needs of the school. Overall, perhaps a third of those who are accepted are offered some merit money, typically within a few thousand dollars of $10K per year. They occasionally come up with higher awards, but not all that often. I do not believe that the Conservatory offers any merit money on the basis of academics.</p>
<p>Oberlin College does offer academic merit scholarships. In order to be eligible for it, your daughter would have to apply to both the College and Conservatory as a dual degree student. Unfortunately, that program generally takes five years to complete so even if she got merit money from both, you would still need to come up with an extra year's worth of whatever cost is left over.</p>
<p>Oberlin as a whole is known for providing need-based aid that is more grant-oriented than loan-oriented. There are some interesting statistics at</p>
<p><a href="http://www.oberlin.edu/financialaid/overview/commitment.html%5B/url%5D">http://www.oberlin.edu/financialaid/overview/commitment.html</a> </p>
<p>that breaks down need-based aid by family income level. You may be eligible for more need-based aid there than you think. Even at the $100K-plus level, most people who applied for financial aid received it with an average grant amount of over $10K.</p>