Affording a Town School Education

The Town School is committed to supporting its families

A strong financial aid program is one facet of this support. Every year Town offers financial aid to families who demonstrate need, and these funds help us achieve our goal of being accessible to as many families as possible. Town's current budget for financial aid is $1,533,500; approximately 15% of current families receive financial assistance. In addition to financial aid grants for tuition, Town has The Esther Kramer Fund, which helps families pay for other costs, such as tutoring and testing, that can be part of the cost of attending Town. Reduced fees for uniforms and events and financial support for students needing counseling are also offered by the school.

• Applications for Financial Aid are accepted after November 1, 2012. 
  

• All Financial Aid Application materials are due no later than January 15, 2013.

• Please read the attached letter from Director of Finance & Operations Adam Hammerman, which provides more detail on the following three-step process for applying for Financial Aid at Town.
  

  • Visit the NAIS School and Student Services (SSS) financial aid website for families and fill out a Parent Financial Statement online.  You only need to complete one PFS per family.

  • Complete and submit the Town School Financial Aid Application Form.

  • Submit a complete copy of your 2011 Form 1040 tax return.

• If you have questions at any point about the process or the criteria for evaluating your application, please feel free to call The Town School Business Office.
  

Is my family eligible for financial aid?

Many factors go into determining whether a family demonstrates the need for financial aid. Family income, net worth, assets, debt, and the number of children in tuition-charging schools are some of the variables. Financial need is defined as the difference between the costs of a school and the family’s ability to pay for these expenses. If in doubt, it is always better to apply for financial aid.

How to apply for financial aid at Town

The process is simple and discreet.  Parents must complete the Town School Financial Aid Form and the Parents Financial Statement, which is administered by the School and Student Services for Financial Aid (SSS).  The SSS will determine a family's estimated contribution to school costs. The Town School will then review this estimate and the applicant’s current year Federal income tax return to determine the actual financial aid grant. The Head of School, the Director of Finance and the Director of Admissions are the only people who review financial aid applications. All information is held in strict confidence. Once reviewed, a determination is made and the family is notified. Financial aid is given for the academic year - families must reapply for aid every year they think they need it. All financial aid is based on need; Town does not offer merit scholarships. Regardless of need, all families that receive financial aid make some contribution to the cost of tuition.

Deadlines for Applying for Financial Aid

All forms for the 2013-2014 school year must be completed by January 15, 2013. Financial aid determinations are mailed to newly admitted students in February. Questions about financial aid can be directed to Adam Hammerman, Director of Finance & Operations or Linda B. Shuffman, Director of Admissions and Enrollment Management.