I just caught this now. This is incorrect. I received both Pell Grants and Stafford Loans (both federally subsidized) while at Berklee.
When was that? When we looked for my daughter there were no federally subsidized loans available. Due to our income, my kids do not qualify for federal grants, but there are some tax credits which are small but help.
As we toured Berklee I found myself wishing I was 18 again and could go to Berklee. Aside from the cost, I can't imagine a better place for someone who is determined (and has the talent) to become a professional musician.
In terms of advising real world teens on what to do for college? That is not so easy. My profession is aviation, and I see a lot of 25 to 35 yr old pilots who have $100k or more in student debt and who are making $30k or less per year. They're working a second job to make ends meet and to make their loan payments. The vast majority of these people have a degree in "aviation", which is useless. They get laid off from a flying job and have no marketable skills. Unfortunately, I see a degree in "music performance" just as useless outside of music.
I hear great things about Belmont and some other schools though know nothing personally about them. I do know that our state university has an excellent music department.
The practical student would get a degree in something else which can have an application to music. Computer science, materials, electrical engineering, law, accounting, marketing, etc. But I well know and understand the desire to Live the Dream in a particular field.
The best advice for a young man is to live his life as if his father has already passed on. The best advice for a father is to set his son free at 18. My son will be on his own for college (or whatever he wants to do) next summer. That knowledge has motivated him to excel in school and to seek his path into college.
Sorry for the ramble...