Affordability

Teacher with Students

Tuition

Below please find the tuition for the School Year 2014-2015. Tuition includes the cost of books, field trips, classroom activities and materials. Lunch, the After School Program and the Parents' Association fee ($60 per family) are not included in the tuition fee.

Tuition Scale (School Year 2014-2015):

  • 3/4s half-day: $37,050
  • 3/4s full-day (nursery)-9/10s (fourth grade): $40,045
  • 10/11s (fifth grade)-13/14s (eighth grade): $41,565

Tuition Payment Options

Plan A- Total payment with contract at time of enrollment

Plan B- 60% with contract in April; 40% due the following January 1st

Place C- Smart Tuition payments over a 10 month period of time from mid-April to following mid-January

Financial Aid Introduction

The School for Children’s student body includes a broad spectrum of social, economic, cultural, and ethnic groups. The School for Children believes that economic diversity enriches the educational opportunity for all families, and participation of a wide range of families is critical to the health of the school. Because we regard socioeconomic diversity as a core educational value, the School for Children dedicates a significant portion of our annual operating budget to support our Financial Aid budget.

The Bank Street School for Children considers a family’s investment in their child’s future is one of the best investments a family can make. Therefore, we expect parents to give their children’s education a very high priority in their financial planning. The School for Children’s financial aid awards are based on the demonstrated financial need of a family. Because we are determined to make the School for Children’s education accessible to families from a wide range of economic backgrounds, last year, the School for Children awarded approximately $2.8 million in need-based financial aid to families with a demonstrated need; approximately 30% of our families are receiving awards.

Financial Aid Procedure

Like most independent schools, The Bank Street School for Children uses an outside service called TADS (Tuition Aid Data Services) as a trusted third party to help us objectively evaluate a family’s ability to pay tuition. TADS analyzes the information you provide on your application and computes a recommended family contribution for tuition. The Financial Aid Committee then uses this figure as the basis for calculating the Financial Aid Award for your family.

The Application should be submitted online at TADS. Paper copies of the application forms are also available from TADS. Please call them at 800-477-8237 to receive these. Please note that TADS charges a processing fee of $34 that must be included with your application and forms. Applications for the 2014-2015 School Year will be available on October 1st. Financial Aid applications must be completed by January 1st.

*The option to apply for financial aid is only available to applicants for the 4/5s program (Pre-Kindergarten) and above.

Click here to apply at tads.com 

Click here to apply at tads.com 

Explanation of Application

Income (Section 3, 4, 5, and 6): Income refers to the pre-tax income from wages, business, or investments. The formula considers certain costs against this income in calculating a family’s ability to pay. If two parents reside in separate households, the income and expenses of both households are considered in the equation.

Assets (section 9, 10, 11, 12, 13, and 14): If a family has major assets, savings, and/or investments, the formula will compute an income supplement that will be added to the calculated gross income. The treatment of home equity is not matched to the actual market value of the New York City Area, but calculates a value based on the price paid for the home/apartment and the years it has been owned.

Alimony and Child Support Payments and Day Care and/or Elderly Care Expenses: The formula for determining the family contribution for educational expenditures takes into account certain unusual expenses such as alimony and children support and the care of an aging grandparent.

Contributions to Education: The ability to pay is divided by the number of tuition-paying family members at any elementary school, high school, or college (including adult students), to determine the financial aid award for any one student.

Divorced, Separated, or Never Married Parents: Financial Aid Awards are based on the family’s ability to pay as demonstrated by the information submitted to TADS. Both custodial and non-custodial parents (regardless of legal settlements) who are divorced, separated, or never married are expected to contribute to educational costs and are required to submit an application for Financial Aid. In exceptional cases where one parent cannot comply, the custodial parent should submit a written explanation. Lack of information from either parent may prevent determination of a Financial Aid Award or significantly affect the tuition amount.