Need-Based Financial Aid
Oakridge offers financial aid to admitted students entering Grades 1 through 12, based on their family's demonstrated need. Demonstrated need is defined 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 submit your financial aid application, please complete the SSS Parents’ Financial Statement (PFS) and upload your 2022 taxes and W2s. You may begin the online application for financial assistance starting in early November.
Financial Assistance decisions will begin to be made in March and communicated via email. In order for your financial aid application to be considered, your child must be admitted, and you must return the enrollment contract and reduced deposit of $100. You will not be bound to the enrollment contract until you have submitted written acceptance of the financial aid offer.
Other 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.
