Financial Access

Throughout King School’s history, the school has sought to enroll the most capable and talented students.

At King School, we seek to make an independent school education affordable for families from a wide range of economic backgrounds. Some of our families pay a small percentage of the full tuition, while others can pay the majority of tuition. While considering King School as an educational opportunity for your child(ren), remember that it is our goal to make it possible for great students to attend our wonderful school.

AT KING SCHOOL, WE UNDERSTAND THAT AFFORDABILITY IS RELATIVE, AND EACH FAMILY SITUATION IS UNIQUE.

For this reason, we are committed to using a personalized assessment process to calculate tuition. We take into consideration families who may also pay tuition elsewhere, or care for an elderly parent, or face other legitimate expenses. We seek to enroll bright and engaged children of working parents who can pay part of the King School tuition. Families contribute from $5,000 to $40,000 in tuition annually. 

For the 2019-20 academic year, King offset tuition by nearly $4 million; approximately 20% of students enroll at King with affordable tuition made possible through Financial Access.

The Financial Access Committee uses School and Student Services (SSS), a service of the National Association of Independent Schools (NAIS), to assess each family’s individual capacity. 

We welcome and encourage families to contact us about financial access – particularly those families who assume they will not qualify. For more information about qualifications and eligibility, please see the Frequently Asked Questions below.

Sample Financial Access Decisions

The examples below stem from decisions King’s Financial Access Committee has made in recent years. While we have provided some basic financial information in each profile, it is important to understand that many other considerations can affect a family’s capacity for contribution. If you would like to discuss your family’s specific circumstances in greater detail, please contact our Director of Admission and Financial Access, Nina Newman at (203) 322-3496, Ext. 352.

Family A:

Parents earn a combined income of $220,000

Three children, ages 5 to 9

Total King Tuition: $116,460

Family Contribution: $48,000

Family B:

Single parent earns an income of $65,000

One child, age 15

Total King Tuition: $45,290

Family Contribution: $3,050

Family C:

Parents earn a combined income of $370,000

Two children, one in high school, one in college

Total King Tuition: $45,290

Family Contribution: $34,050

Family D:

Parents earn a combined income of $175,000

One child, age 8

Total King Tuition: $38,820

Family Contribution: $14,000

Process and Timeline

November 1

  • Parents may begin the application process at sss.nais.org

  • Click on the prompt to begin your Parents' Financial Statement (PFS)

    • One PFS is required for each household. Non-custodial parents are required to complete a separate PFS

  • King’s school code is 4408

December 13 - Financial Access Application Deadline

  • PFS must be completed at sss.nais.org (see above)

  • 2018 Federal Income Tax Return (form 1040 and all attachments) must be uploaded to sss.nais.org or mailed to: School and Student Services PO Box 449 Randolph, MA 02368-0449

February 1

  • 2019 W-2 must be uploaded to sss.nais.org or mailed to: School and Student Services PO Box 449 Randolph, MA 02368-0449

February 14 - Admission and Financial Access Decision Letters are Mailed

March 11

  • Accepted applicants notify King School of their decision and return enrollment contract and grant-in-aid forms to King

May 1

  • 2019 W-2 Federal Income Tax Return (form 1040 and all attachments) must be uploaded to sss.nais.org or mailed to: School and Student Services PO Box 449 Randolph, MA 02368-0449

  • Upon receipt of the 2019 1040, Tuition and Family Contribution are ratified

Frequently Asked Questions

1. Should we apply for financial access?

Independent School tuition represents a significant investment for any family. There is no specific income level at which a family no longer qualifies. The following items are taken into consideration:

  • Income

  • Assets (investments, home equity, automobile, etc.)

  • Family size

  • Number of children attending tuition-charging institutions

  • Age of parents

  • Current debt (credit cards, mortgages, other loans, etc.)

After an allowance is made for basic living expenses and taxes, the remaining funds are considered discretionary income, a portion of which is assumed available for education.

Although we would like to provide firm guidelines to help you decide whether or not to apply for assistance, we have found that each family’s combination of circumstances is unique. If you are unable to afford our full tuition, you should apply for financial access.

2. Who determines eligibility and financial access?

The Financial Access Committee, comprised of the Head of School, the Director of Admission and Financial Access, The Associate Director of Admission, Middle School and Financial Access, and the Associate Head of School, Finance and Operations, uses the recommendation of SSS by NAIS in addition to supplemental information to determine eligibility and tuition contributions.

3. Are allowances made for siblings attending independent or religious elementary, secondary, or post-secondary school?

King makes allowances for siblings in independent or religious schools through college or age 24. However, we do not make allowances for siblings in graduate school.

4. If we pay full tuition initially, can we apply for financial access in subsequent years?

It is important to understand that our budget is set on a multi-year basis according to current participation and planned new enrollment. Therefore, families enrolling at King at full tuition are expected to contribute at full tuition amounts in subsequent years. In the case of a dramatic change in family circumstances, families may apply for financial access, however, reduced tuition may not be possible.

5. Does financial access include other school expenses?

Families paying partial tuition are eligible for assistance for school programs and optional travel opportunities. Some families may also qualify for supplemental funding that supports fees, transportation, and after-school childcare. Please contact the Director of Admission and Financial Access for more information regarding eligibility requirements.

6. Will our contribution to tuition change in future years?

If your circumstances do not change significantly, you can expect your contribution to remain about the same from year to year. In setting our budget, priority for partial tuition goes to returning students. Each family’s level of contribution is re-assessed each year to assure that we are meeting current demonstrated capacity. If a family’s financial profile improves, they may be expected to contribute at an incrementally greater proportion. Likewise, if a family experiences a financial setback, their tuition contribution may be adjusted to take their new circumstances into consideration.

7. Will we be expected to pay back the amount of reduced tuition?

No, we provide financial access to qualified students to enrich our community.  This is not a loan or a grant. We do hope that you will make King School your philanthropic priority when you consider charitable donations.

8. What about separated, divorced, or never-married parents?

King considers the income and assets of any adult who plays a significant role in a student’s life. All adults (mothers, fathers, step-parents, guardians, etc.) are required to submit all forms to SSS. Each household should submit a separate SSS application.

9. Will my application for financial access affect my child’s chances for admission?

No. Admission decisions are based on individual merit, not on the ability to pay. However, due to the limitations of our budget, King is not able to offer partial tuition to every student who qualifies. Students who have applied for financial access and are accepted to the school, but are not offered partial tuition, will receive a letter with this information.

10. How can I get more information?

Your admission interview is the first place to have questions answered. You may also contact Nina Newman, Director of Admission and Financial Access, at nnewman@kingschoolct.org or (203) 322-3496, Ext. 352.

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