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School for Children

Admissions: Financial Aid

The School for Children’s financial aid awards are based on the demonstrated financial need of a family. Financial aid funds come directly from the resources of the School for Children, with a significant portion of our annual operating budget being allocated to financial aid. Last year, the School for Children awarded approximately $2.7 million in need-based financial aid to families with a demonstrated need; approximately 30% of our families are receiving awards.

If you are interested in applying for a financial aid award, please indicate so on your application for admissions and a member of the admissions office will contact you with information about the application process. Financial Aid applications must be completed by January 1.

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

Financial Aid in the School for Children

FAQs

  • What is financial aid?

    Financial Aid is a tuition discount based on a family's ability to pay. It is not a loan. Financial Aid awards are based on a percentage of tuition and not a set dollar amount.

  • How does a family know if they qualify for tuition assistance?

    If a family thinks they will need financial aid, they should apply at the time of admission to be considered. Providing firm guidelines to help a family decide whether to apply for financial aid is difficult, because each family's combination of circumstances is different. Awards are based on many different factors, including family income, assets, and extended-family support. Moreover, since the school honors its commitment to current families already receiving financial aid, awards for new families are based on the availability of the financial aid budget for that year.

  • Should families delay applying for financial aid until after a child has been accepted?

    No. Families with a child applying for the 4/5s program and up should apply for financial aid when submitting their application to the School for Children. Financial aid will not be available to families if they have enrolled at Bank Street without financial aid unless their financial circumstances change after admission to the School for Children.

  • Who sees the financial aid information that we submit?

    The Financial Aid Committee processes all applications with the utmost respect for the privacy of each family submitting an application. All information submitted is confidential.

  • When are families notified?

    Families who have applied for financial aid will be notified of the Financial Aid Committee's decision at the same time they are notified of admissions decisions.