Financial Aid is available for students in Kindergarten through 12th Grade and is awarded based on need and our financial aid budget. We consider every completed application (with all necessary and required documents) for financial aid. If a family feels they have a need, they can apply and get full review and consideration from the committee. Please note the financial aid process is kept separate and confidential from the admissions application process and is needs-based, not merit-based.
Families applying for financial aid must fill out the School and Student Services Parent Financial Statement (SSS PFS) application and upload all recent tax returns. Friends understands that families are comprised in a variety of ways, but it is expected that all parents/guardians assume financial responsibility for the child, to the extent that they are financially able and will contribute to the education of the student. Thus, to be considered for financial aid, both custodial and non-custodial parents must complete the Parent Financial Statement forms and submit tax information, regardless of their relationship status. If only one parent is legally financially responsible for the applicant, supporting documentation must be provided.
The financial aid application process is personalized and confidential; awards are not based on academic performance or merit. We take time and care to review every aspect of a file, considering items like family size, situation, circumstance, and need and strive to meet the needs of those families who qualify for aid within our financial aid budget. Aid is based on financial need only as demonstrated by families’ School and Student Services Financial Aid (SSS) applicationand their tax information. 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. 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; families currently receiving aid; currently enrolled families not currently receiving financial aid, but who are experiencing financial emergencies; and finally, families of newly admitted students.
The financial aid decisions 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. An appeals process is available if a family feels the award will not meet need and there have been significant changes in their personal and/or financial picture since applying for aid that were not captured in their original application.
All returning families must submit a new Parent Financial Statement (PFS) before the deadline each year, and all past school bills must be paid in full to be considered for a financial aid award. Unless a family’s financial circumstances changes considerably from one year to the next, families receiving financial aid can reasonably expect continued financial support in line with what they have been receiving if their financial situation remains the same, with relative adjustments made for tuition increases. However, if a family experiences significant financial changes, tuition awards will be adjusted accordingly.
Applications for financial aid for returning families must be completed each year no later than December 1 for the following academic year. Late applications will be reviewed if there is still funding available.
While financial aid is awarded towards 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 our Support for Costs Beyond Tuition page for more details.
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. 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.). The school reserves modest emergency funds 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.