Tuition and Financial Assistance
AFFORDING OLDFIELDS SCHOOL
Thank you for your interest in Oldfields School. We recognize the decision to send your daughter to Oldfields is a significant investment in her future. A strong financial assistance program supports Oldfields commitment to a qualified, motivated, and diverse student body. We encourage students to apply irrespective of financial need. In the 2019-2020 school year $1.4 million dollars of financial aid was granted. Nearly 45% of our families receive some form of financial assistance.
To assist families in meeting the cost of an Oldfields School education, we offer need-based assistance, merit awards, and payment plans. For many families, a small financial assistance grant enables the opportunity for an Oldfields education. If you feel your daughter would benefit from the unique educational experience that we offer, please carefully review the financial assistance options, policies, and guidelines outlined below before you begin the application process.
- Boarding student tuition 2019-20 $59,700
- Day student tuition 2019-20 $32,800
EXPECTED ADDITIONAL EXPENSES:
- Textbooks: $200-$600
- Technology fee: $500
- Student debit account deposit: $250-$1000
- May Program (two week experiential learning program based on student’s selection): $50-$5,000
- Riding Program (optional): $2,000 - $6,000
- International student fee: $3,750
- Day Student bus (optional): $2,000
- Health Insurance for international students:
12 month plan: $1,950
10-month plan: $1,765
In order to accommodate Oldfields families’ preferences, multiple payment plans are offered:
- 1 payment due July
- 2 yearly payments, 60% due July and 40% due November
- 6 monthly payments beginning August
- 9 monthly payments beginning May
International students must pay on or before July 25 via FlyWire >
All students selecting the multiple payments (2, 6, or 9) must pay via FACTS >
Students seeking financing for tuition should utilize Tuition Solution >
We recognize the decision to send your daughter to Oldfields School is a significant investment in her future. A strong financial assistance program supports Oldfields commitment to a qualified, motivated, and diverse student body. We encourage students to apply irrespective of financial need. In the 2019-2020 school year $1.4 million dollars of financial aid was granted. Nearly 45% of our families receive some form of financial assistance.
The Financial Aid Committee considers the following variables when determining the amount of the grant:
- The recommendation of School and Student Service (SSS) based on information provided from the Parents’ Financial Statement (PFS).
- The total amount of financial aid available to the School
- The total number of applicants for financial assistance
- Adherence to designated deadlines (our ability to provide grants to late applicants depends on remaining budget)
Who may apply for financial assistance?
Any family who is interested in applying for financial assistance may apply through School and Student Service (SSS) to be considered for need-based financial assistance. There is a limited financial assistance budget for international applicants and merit award recipients who apply through SSS.
When and how should we apply for financial assistance?
The 2018 Parents’ Financial Statement (PFS) is the required financial assistance application. It is due, along with your 2018 tax forms, by February 1, 2020 for all new families. Your 2019 1040 tax form is due by April 15, 2020. Your financial assistance award will be finalized once we have received and reviewed your 2019 1040 tax form. We recommend that you request information about applying for need-based aid at the same time you request application materials, or as soon as you think you decide you want considered for financial assistance. Significant funds are not reserved beyond our initial round of awards. Therefore, it is very important to meet all deadlines.
Does every applicant applying for Financial Assistance receive it?
Financial assistance applicants usually outnumber those who do not request financial assistance. Therefore, we are unable to make awards to all families who request need-based or merit financial assistance.
What if I don’t get the award I was hoping for, but want to enroll anyway?
If a family does not receive all of the need-based financial aid they hoped for, it is highly unlikely that additional funding will be available in subsequent years, unless there is a significant change in the family’s financial circumstances (i.e. job loss, death or illness of a parent, etc.) Depending on the financial need of the new applicants and returning students, Oldfields School may or may not be able to extend financial assistance to those who make requests for reconsideration or for those on the financial aid waitlist. We encourage you to consider the various payment plans and tuition assistance plans available. If you would like to be reconsidered, please submit a letter of appeal to Admission@OldfieldsSchool.org.
How is financial assistance determined?
Oldfields School subscribes to the principals and services of the School and Student Services (SSS) to determine financial need. School and Student Services is a needs-analysis system that provides a basic guideline to provide consistency in assessing need. The Financial Aid Committee reviews all completed SSS applications and determines the financial assistance award for each student. Oldfields School is committed to meeting the financial need of its accepted and returning students. Thanks to the generosity of so many, Oldfields School is grateful to be able to extend financial assistance to so many well-deserving applicants. Given the reality and limits of our financial assistance budget, we ask families applying for financial assistance to take all of this into consideration as you work with the Financial Aid Committee and the Director of Financial Aid.
Who is responsible for completing the financial aid forms in the case of separated or divorced parents and cases of legal guardianship?
In situations of divorce or separation, all parents must complete a Parents’ Financial Statement (PFS) and provide his/her tax documents. Parents and legal guardians have the primary responsibility to finance the education of his/her child, to the extent they are able. Therefore, we require a completed Parents’ Financial Statement (PFS) and tax return from each parent/guardian. Documentation should be provided in cases where a parent/guardian is no longer financially responsible for his/her child. When you have children in college, SSS will take that into consideration. Colleges/universities, however, do not necessarily take into consideration tuitions at independent schools. Families often receive more financial assistance from independent schools than from colleges/universities.
How is financial assistance determined in subsequent years?
Oldfields School requires that all applicants complete and submit the Parents’ Financial Statement (PFS) to SSS and upload all supporting documentation each year that a student wishes to return to Oldfields School and receive financial assistance. These items must be submitted by their assigned deadlines. Awards are evaluated annually by the Financial Aid Committee and based on the most recent year’s financial information. There is also the expectation that, as with all Oldfields School students, your daughter’s re-enrollment and subsequent financial assistance award is contingent upon her maintaining a high level of citizenship and scholarship. The Financial Aid Committee will review and, when possible, make adjustments appropriate to changes in financial resources and tuition increases. Oldfields School cannot always guarantee meeting the increased needs, and changes in the family’s financial situation, but will do our best to consider all requests.
Is a business tax return required from parents/guardians who own their own business?
Yes. If parents/guardians own their own business, he/she will need to provide their business tax return as well as their personal tax return. Please be sure to submit all tax documentation including, but not limited to, K-1s, 1120s, 1065s, and your Schedule E.
Is it possible to get a fee waiver for the PFS?
Oldfields School does not assign fee waivers to families for completion of the PFS. SSS will apply a fee waiver at the end of the application depending upon income and information provided. If you need further information, please contact firstname.lastname@example.org.
What if I have more than one child in tuition charging schools?
If more than one child in a family attends a tuition-charging institution, it is required that a family applying for financial assistance does so at each of the institutions their children attend. However, a family only needs to complete one Parents’ Financial Statement (PFS) listing all of the schools that children will be applying to. Please be sure to include all children and educational expenses in the designated section of the PFS.
When will we be notified if we have received an award?
Financial assistance decisions are sent to parents of newly admitted students, along with their admission decision. For applications submitted on February 1, this notification date is March 10. Returning students will receive their financial aid decisions, along with their re-enrollment contracts in January. The Admission office will communicate directly with returning families.
Is our application confidential?
All financial information submitted in support of a financial assistance application is help in strict confidence. All financial assistance awards are confidential agreements between the recipient family and Oldfields School. Therefore, it is the expectation that financial assistance recipients, and their families, will honor this confidentiality as well; a student may forfeit her award if this confidentiality is breached.
Whom do I contact if I need assistance completing the PFS?
Please contact the SSS Customer Service Center at 1-800-344-832 or email@example.com. The Oldfields School Code is 5542.
- Log into School and Student Services (SSS) and complete the Parents’ Financial Statement (PFS) by February 1. This can be started as early as October. Contact NAIS customer service at 1-800-344-8328 for questions about completing the PFS. Oldfields School Code is 5542. After February 1, financial assistance awards will be determined on a first come, first serve basis.
- Upload the following documents to SSS:
Previous year's Federal Tax Return (1040) - Copies must be signed and all supporting schedules and forms must be submitted.
Current year's W-2s and/or 1099s(if applicable) – Copies must be signed and all supporting schedules and forms must be submitted.
Financial Aid Questions Contact:
Associate Director of Admission & Financial Aid
Questions? Contact the Admission Office
If you are contacting us for the first time, please begin the process by either completing the Request Information Form or by calling our Admission Office at 443-662-1050. Once we receive your inquiry, a member of our Admission Team will contact you. All application instructions and necessary application forms are available online.
Hours: 8:00 AM - 4:30 PM
Saturday appointments available upon request.