@pygmypony i'm a music major - RU grad and Mason Gross attendee. this is 20+ years ago, but here's some background for your kids going into the arts:
i started in music ed at mason gross. realized i didn't want to do that. i wasn't going to do performance either because the instrument i played to get in (euphonium) has very little full time gigs. i would either have to follow performances of mahler 5 and holst's the planets around, or go in the military and audition for the coveted spot in the military brass. not necessarily too many job openings.
so i went to composition, but as an undergrad, you couldn't do composition at the time, so i had to transfer to Rutgers College to get around the system. glad i did it.
i then studied at william paterson and manhattan school of music for jazz and composition, respectively.
i won a few composition awards, even best music for a film at the NYU film festival. nothing really paid the bills that way. what paid the bills was gigs playing my bass. i did get commissioned by a private school to write a piece for their spring choral concert. that paid. but the bass was what paid the bills. brass paid AWESOME during the holidays. i played brooklyn tree lightings for a couple years, and at malls or churches or wherever i could get a gig. worked every day i could between thanksgiving and new years.
it was fun but absolutely exhausting. and being poor flat-out sucks. the best money in the arts is teaching, and that's not saying much. if your kids go into the arts,
tell them this one piece of advice: don't buy anything. at all. nothing. do not think you can keep up with friends with normal jobs. its a different way of life than everyone else. and if you do it right, and not get caught up in 'america' and buying crap, you can absolutely survive. but you will not have the trappings of a well financed life.