Financing

Boarding school can be a substantial investment, or relatively affordable depending on your family's financial situation and potential scholarship options. Here you’ll find information on tuition, fees and all of your financing options. From payment plans to scholarships, work study to sibling discounts, parents have choices when funding a boarding school education. Find out how much boarding school costs, learn more about the Parents’ Financial Statement (PFS), and identify boarding schools your child may attend for free.

View the most popular articles in Financing:

Understanding Financial Aid

Updated
|
Understanding Financial Aid
Learn how financial aid works in boarding schools.
iStock Photo credit keeweeboy
One of the major issues most families consider when thinking of sending their child to boarding school is the cost. Though it may seem daunting, the boarding school financial aid process isn’t as complex as you might think, and understanding the system will pay off in the long term.
 
 
Recently, boarding schools began reshaping their financial aid policies to allow more talented, middle-class students to attend their schools. Today, a large percentage of students at boarding schools receive some form of financial aid from grants, and in some cases that number is as high as 40%. Each school’s aid policy is different, and officers are your best bet for accurate information. Contacting them will give you a better understanding of the steps you will need to take, but below are some basic tips that will apply to all schools.
 
What is financial aid?
 
Financial aid is funding intended to help students cover the cost of attending private schools (tuition, board, fees, etc.). Aid does not have to be repaid (unlike loans).
 
Generally, the endowment of a school correlates directly into the amount of financial aid that can be offered. Each year, a percentage of the budget is set aside for financial aid. Thus, it’s very easy for a boarding school to run out of financial aid. 
 
Tip: sending in all the required documents as soon as possible increases the chances that your student gets an affordable package.
 
What types of financial aid are there?
 
Aid generally comes
. . .read more

Recent Articles

Want To Teach In A Boarding School?
Want To Teach In A Boarding School?
Teaching in a boarding school is the same as teaching in a public school, right? Not exactly. Some explanations here.
Academics: Advanced Placement
Academics: Advanced Placement
As part of your evaluation of boarding schools, you will examine the academics. We look at one aspect of what many schools teach, namely, Advanced Placement courses.
Are You Looking At The Wrong Schools?
Are You Looking At The Wrong Schools?
By "wrong schools", I mean schools that don't fit your needs and requirements. Finding the "right school' implies that the school meets 99% of what you require. More here.

Featured Schools

Featured Schools

Financing

FINANCING OVERVIEW
Don’t let the cost of boarding school deter you. From private loans, to scholarships, there is help available. When is payment due? Does your boarding school offer a tuition payment plan? How much financial aid is available? In this section you’ll find the answers to these questions and more.
How To Pay For Boarding School
How To Pay For Boarding School
Understanding Financial Aid
Understanding Financial Aid
Financing a Boarding School Education
Financing a Boarding School Education