While private school education is not inexpensive, it doesn’t have to break your budget. There are several strategies to keep the cost within reach. It is important to realize that the family bears the primary responsibility for financing their child’s education to the extent that they are able. Perhaps the best source of information lies within the financial aid officers at each individual school.
Need-based financial aid grants are based on a family’s financial needs and do not need to be paid back. The money comes directly from the school’ budget, demonstrating a commitment to a diverse student population. Please note that admission decisions are made independently from the financial aid applications submitted by families.
Monthly payment plans allow families to spread out their tuition payments over eight to ten months. In most cases, payments start before the school year begins.
Low-interest loan programs differ from payment plans in that they charge interest, require creditworthiness, and often include other fees. Look carefully at the short-and-long-term impact of these programs.
Most families take advantage of at least one of the above options. Meeting deadlines for submitting the necessary forms is most important. Missing a date or not following directions might well diminish your chances of utilizing a financing option. Admission and financial aid officers are always willing to help. They are interested in the same thing you are: providing a quality education for your child!