DIME DETROIT (Detroit Institute of Music Education ) is a for-profit college based in Detroit, Michigan. DIME DETROIT opened in the Fall of 2014 and the initial tuition for the entire 3-year BA program was $39,000. DIME offers bachelor's degrees in Commercial Music Performance (Guitar Bass, Drums, Vocals), Commercial Songwriting, and Music Industry Studies. DIME initially partnered with Falmouth University to validate its bachelor's degrees. In March 2016 a partnership with Metropolitan State University was announced that allows DIME students to be eligible for federal student aid. The partnership allows DIME students to receive BA degrees through Metropolitan State University while paying the higher DIME tuition. The financial agreement between DIME and Metropolitan State University has not been publicly disclosed. In 2016, they opened their second campus DIME Denver, based in the Santa Fe Arts District. DIME was founded by Kevin Nixon and Sarah Clayman. The Beringea Group invested 3 million dollars in DIME to help it open. Prior to founding DIME, Nixon and Clayman were part of a team that owned and managed the for-profit British and Irish Modern Music (BIMM) Institute.
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