Financial aid is available for all K-12 students. We consider every completed application (with all necessary and required documents) for financial aid. If a family feels they have financial need, they should apply and know they will get full review and consideration from the committee. Financial aid packages are offered based on a family’s need and the School’s financial aid budget. Perhaps most importantly: The financial aid process is kept separate and confidential from the admissions application process and is need-based, not merit-based.
All families applying for financial aid must fill out the School and Student Services Parent Financial Statement (PFS) application and upload their two most recent tax returns. Friends expects that all parents/guardians—to the extent that they are financially able—will assume financial responsibility for their child(ren) and will contribute to their education. Thus, to be considered for financial aid, both custodial and non-custodial parents, regardless of relationship status, must complete the PFS and submit tax information. If only one parent is legally financially responsible for the applicant, supporting documentation must be provided.
First and foremost, the financial aid application process is personalized and confidential. All financial aid packages are based on need (as demonstrated on parents’ SSS applications and tax information) and not merit. We take time and care to review every aspect of a file, seeking to understand the stories beyond the numbers. As a Committee, we consider a family’s size, their special situations and circumstances, and the nuance of their finances, and we strive to meet the needs of as many families as we can within our financial aid budget. We expect that all families applying for aid will be forthcoming with their financial information to help us have as accurate a financial landscape profile as possible; we also expect they will submit their application and supporting tax information before the deadlines.
To maximize our financial aid budget, Friends prioritizes applications received before the deadline in the following order:
Families who are Members of the New York Quarterly Meeting
Currently-enrolled Friends families already receiving aid (including K early enrollment)
Currently-enrolled Friends families who are applying for financial aid for the first time
Families of newly-admitted students
Applications submitted late, and applications of families whose balances were not paid-in-full by the application deadline. Late applications will be reviewed if there is still funding available.
Financial aid packages are shared in the enrollment and re-enrollment contracts and are accompanied by a letter to each family from the Director of Financial Aid and Affordability. A window for submitting appeals allows families to update the Financial Aid Committee on how their circumstances have changed since applying for aid should they feel a financial aid package won’t meet their financial need. Families can contact the Director of Financial Aid and Affordability to learn more about the appeals process.
All returning families must submit a new Parent Financial Statement (PFS) before the deadline each year, and all school accounts must be paid in full to be considered for a financial aid package. Families receiving aid can reasonably expect continued financial support in line with what they have been receiving, assuming their financial circumstances remain consistent. The Committee also takes into consideration the tuition increases from year-to-year and adjusts financial aid packages accordingly. If a family experiences significant financial change in any given year, tuition awards will be adjusted accordingly.
While financial aid packages apply to the cost of tuition, we offer comprehensive support for costs beyond tuition for students on financial aid towards almost everything for which there is an additional cost, like school events, trips, and activities with fees. Please see the Costs Beyond Tuition page for more details.
If initially accepted without, or not currently on, financial aid, a family cannot expect to receive financial aid at Friends unless there is a major change in life or financial circumstances (unemployment, health issues, etc.). Before enrolling at Friends, we encourage families to carefully assess their capacity to afford the full educational experience. The School budgets for financial aid in advance and works to anticipate the needs of families using information from the previous year and projected data. However, the School does reserve a modest emergency fund for families who encounter dramatic, unforeseeable financial crises over the course of their time at Friends. Modest aid may also be awarded to families whose income growth has not kept pace with that of tuition and other expenses.