Affording an Independent School Education
We understand that choosing a school is one of the most important decisions you will make. Additionally, we also believe that a family’s investment in their child’s future is one of the best investments that can be made. The planning for and investing in an independent school education requires a significant and thoughtful commitment. An integral part of our mission is to promote and maintain a student body that represents the very best across all socio-economic groups. Providing financial assistance to families who are unable to meet the full cost of tuition is one way we can attract and maintain very strong students and build on our community.
There are many ways families can make the very best education affordable:
- Utilize one of the payment plans offered
- Apply for a fixed-rate low-interest loan with YourTuitionSolution.com or other third-party lender
- Apply for need-based Financial Aid
- Explore support from extended family
Need-Based Financial Aid
Oakridge offers financial aid to qualified students based on demonstrated need. Demonstrated need is defined most simply as the difference between the school's tuition and what the family can reasonably afford to pay. In order to determine the amount a family can reasonably pay for tuition, Oakridge uses the analysis of an outside, objective service called School and Student Service (SSS) by NAIS. To begin your financial assistance application, you will complete the SSS Parents’ Financial Statement (PFS).You may begin the online application for financial assistance starting in early November. It is important to complete the PFS as early as possible. Applications can be submitted starting in January and Financial Assistance decisions will begin to be made in March.
- Applications can be started in November and submitted in January
- Separate process from Admissions application
- Students must be accepted to the school before applications are reviewed
- Processed by third-party vendor
- Self-guided and you may navigate in and out of the program allowing you to partially complete an application and resume at a later time.
- Processing fee is $41
- Supporting tax documentation (2015 tax returns, final 2015 pay stub(s), 2015 W-2 form(s)) must be mailed or scanned to SSS
Options to explore with your accountant or financial planner:
Coverdell Education Savings Account:
- Allows you to deposit up to $2,000 per year in an investment account
- Contributions are not tax deductible but you do not pay taxes on the earnings
- Funds must be used to pay tuition and other qualified expenses (Kindergarten – 12th grade)
- Child and Dependent Care Tax Credit (see Publication 503; www.irs.gov)
- Dependent Care Flexible Spending Account
Your employer must sponsor a Flex Spending Account (FSA). You can set aside up to $5,000 per plan year (typically plan year is a calendar year) in a FSA. Money contributed to FSA is a pre-tax deduction and therefore subtracted from your paycheck before income taxes and Social Security/Medicare taxes are withheld.
Tuition 2017-2018 Additional Costs
Application/Enrollment Fees (nonrefundable)
|Admissions Application Fee||$75|
|Admissions testing fee (PK-1) paid to AABL||$65|
|Admissions testing fee (2-12) paid to ISEE||$100|
|Enrollment Deposit amount if applying for financial aid||($100)|
|Annual financial aid processing fee|
(only for those families applying for financial aid)
| Annual international student fee (for students whose |
enrollment is made possible by the school-issued i-20)
Families interested in applying for financial aid should indicate their interest on the Application Form.
Oakridge uses the calculations provided by SSS, a third-party, as a starting point in determining the demonstrated need of a family.
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