We understand that choosing an independent school education is a major financial commitment and encourage families with financial need to apply for financial assistance. The questions on this page may answer some of your questions —
Nashoba Brooks offers need-based assistance to current and incoming families with demonstrated financial need as assessed by the School and Student Services (SSS) For Financial Aid. Awards are grants and do not require repayment. Loans or merit-based scholarships are not available.
The School budgets approximately 17% of annual tuition revenue for financial assistance. For the 2018-2019 academic year, this amounts to approximately $1.6M.
Awards range from 4% to 99% of tuition and mandatory fees. Approximately 24% of the student body currently receives financial assistance.
Nashoba Brooks accepts students based upon their academic qualifications and potential to be successful at our school. Application for financial assistance is confidential and separate from the admission process.
Financial assistance awards are determined based upon a family’s demonstrated need as assessed by the School and Student Services for Financial Aid (SSS). Awards vary depending upon that assessment and the amount of money available in the school’s budget designated for this purpose.
Nashoba Brooks subscribes to the School and Student Service for Financial Aid (SSS). Many factors are taken into consideration by SSS when determining the family contribution. These include but are not limited to family income, assets, expenses, qualified debts, family size, age of parent(s) and number of children in tuition-based institutions including colleges and universities. The SSS analysis incorporates these factors in the calculation and determines the discretionary income of each family. A portion of the discretionary income is then suggested as the family contribution for education. It is the expectation of the School that each family will contribute as much as it is able toward the cost of their child’s education.
No. Families receiving financial assistance must reapply each year. Changes in income, family status, and the number of children enrolled in tuition — based educational institutions may result in changes in an award. Every application is reviewed annually.
Family financial circumstances can and do change at any time. If a family’s financial circumstances improve during the school year, no reduction will be made in the original award. However, if the financial information previously provided to the School has changed or changes during the course of the academic year, the family must promptly provide notice of such changes to the Business Office. If there are funds remaining in the financial assistance budget, every effort will be made to recalculate the family’s financial assistance for the current year and where possible, the school will adjust the award. Each application and circumstance is evaluated individually.
Tuition for each school year is set by the Board of Trustees at their January meeting. Re-enrollment packets, including a “Statement of Fees and Financial Policies” and payment plan information, are available out in late January to all current families. Tuition is set for one year only and annual increase should be expected. See Tuition & Fees for more information.
The financial assistance award covers tuition and mandatory fees. For students awarded financial assistance, the determined grant percentage for tuition will automatically be applied to the cost of transportation, Extended Day and Supervised Study. All are abated at the same percentage that tuition is abated.
In addition, the cost of school-recommended tutoring is discounted for families on financial assistance.
You will need to complete your taxes early enough to meet the January 28, 2019 deadline in order to receive financial assistance if you qualify. It is important to plan ahead. A draft copy of your Federal Form 1040 is acceptable for the January 28 deadline; however, the final copy must be received no later than Monday, February 25, 2019.