Tuition & Financial Aid
2019-2020 Tuition: $49,850
Tuition includes all educational expenses, a hot lunch and morning snack, and participation in extracurricular activities such as athletics, arts, clubs, and organizations. It does not include transportation to and from school, books, or educational travel programs.
Financial Aid Program
- Applications for Financial Aid are available on October 2.
- Apply at sss.nais.org
- Notification of decisions is on March 10.
The strong financial aid program at Thayer is a source of pride. The Academy awarded more than $8 million in 2018-19 to approximately 34% of the student body, allowing us to maintain a socioeconomically diverse student population that enriches the Thayer experience for all students. All financial aid awards are need-based—determined by a family’s financial need. Thayer does not offer scholarships or merit awards for academic, artistic, or athletic ability.
Typically, more families apply for financial aid than the school can fund in the first round of admission decisions. In the event that funds become available later, some applicants on the waitlist might then become eligible for financial aid awards.
Applying for Financial Aid
SSS (School & Student Services), an independent organization partnered with NAIS (the National Association of Independent Schools), processes financial aid applications. Based on the financial information you provide, SSS estimates the amount your family can contribute to educational expenses and sends a report to both you and the school. This helps the school make fair and objective financial aid decisions. To begin your financial aid application, follow the steps outlined below.
Click on the prompt to begin your Parents’ Financial Statement (PFS). You only have to complete one PFS even if you have several children applying to Thayer, or if you are applying to more than one independent school.
You don’t have to complete the form in one sitting. You will be given a password so you can save your PFS and return to finish it at any time.
You will receive instructions about submitting the required backup documents. Your documents will be handled with the highest level of security. To read more about SSS’s document security, visit sss.nais.org.
You can call SSS at 800.344.8328 with any questions during their business hours:
- Monday through Friday, 9am - 8pm
- Saturday, 9am - 4pm
Thayer Business Office Associate Lee Smith can also answer many of your questions. Contact her at 781.664.2514 or firstname.lastname@example.org.
- 1. How is need determined?
- 2. How are admissions and financial aid decisions made?
- 3. How is aid determined for parents who are divorced, separated, or were never married?
- 4. What kind of aid is awarded?
- 5. How much aid is given?
- 6. When should I apply for aid?
- 7. When is the financial aid application deadline?
- 8. Must I reapply for aid every year?
- 9. How do I apply for a tuition payment plan?
- 10. When are financial aid awards made?
- 11. What kind of insurance does Thayer offer?
- 12. When should tuition be paid?
To determine need, Thayer uses the services of the NAIS School and Student Service for Financial Aid (SSS) in Princeton, NJ at sss.nais.org. The report of financial need computed by SSS is reviewed in the context of the Academy's aid policy and other information that may be available. The Financial Aid Committee is responsible for all award decisions.
The Admissions Committee selects students for admission without knowledge of who may have applied for financial aid. Separately, the Financial Aid Committee reviews the financial aid file for each accepted student who has submitted an application for financial aid.
Typically, more students qualify for admission and financial aid than can be funded in the first round offers. In the event of additional funds later becoming available, some students who were waitlisted may subsequently be offered admission with financial aid awards.
The Academy requires that all parents contribute to the cost of education for their child to the extent of their ability. Both parents should go to sss.nais.org and complete the online financial aid application.
Yes, every family must apply for financial aid each year. However, one may expect to receive the same proportion of aid if the family's financial circumstances remain essentially the same. A significant change in a family's financial profile may result in a change in the financial aid package offered.
The Academy offers two optional insurance plans: Tuition Refund Plan (TRP) and Student Accident Insurance (SAI). Fees for both are charged to all students' accounts on the July 1 billing statement. Information describing the scope and benefits of each plan is provided with that statement of charges. Parents may waive participation in either or both of these plans by signing the waiver form that is included with the statement and returning it to the Business Office no later than September 1. Parents are responsible for the full year's tuition irrespective of whether part of the year is spent in other study, on a Senior Project, or if the student, for any reason, withdraws, or is dismissed.
A statement for tuition is sent from Smart Tuition after completion of enrollment contract. One half of the tuition, plus the charges for the TRP and SAI, and the Parent Association dues must be paid no later than June 15. The second half of the tuition is due no later than November 15. Parents who find it more convenient to pay monthly may want to consider the Thayer 10-Month Payment Plan. Details for this plan are available from the Business Office (781.380.0503). It should be noted that a student will not be admitted to class if the tuition and fees have not been paid.