Tuition includes lunch, books, supplies and class trips. By arrangement with Tuition Management Systems, tuition may be paid in ten equal monthly installments.
Brearley seeks to enroll and retain girls of adventurous intellect who reflect the socioeconomic diversity of New York City. The School's financial assistance program, funded by its endowment and its generous donors, provides substantial support to approximately twenty percent of the student body. Financial assistance grants range from partial to almost full tuition. In 2018-2019, the School will distribute $6.1 million in aid.
For instructions on how to apply for financial assistance click here.
Families who request financial assistance are asked to complete a Parents Financial Statement (PFS) and send it to the School and Student Service for Financial Aid (SSS). An affiliate of the National Association of Independent Schools (NAIS), SSS is a nationwide service that assists independent schools in processing requests for financial assistance. It provides analyses to enable schools to make consistent decisions, although the ultimate assessment of need rests with each school. Parents are also asked to submit federal tax returns with all schedules and, if they are business owners, the Business section and business tax return. All financial information and all financial assistance decisions are confidential.
The purpose of need based financial assistance is to provide access to Brearley for students who otherwise would not be able to attend. It is Brearley’s belief that the primary responsibility for tuition rests with the family and each family is expected to look to its own resources before requesting aid; for some families this may mean redirecting income from other discretionary activities toward tuition. Brearley makes every effort to recognize the distinctiveness of each situation and, when there is demonstrated need, to tailor grants to meet the full need of each qualified family.
Admission decisions are based on a student’s academic promise and personal qualities. Because Brearley has significant resources, it has historically been able to meet the demonstrated need of all admitted students requiring financial assistance. Occasionally a student will be placed on a waiting list to enable the school to manage the distribution of funds.
Brearley’s tuition is all inclusive. There are no additional costs or mandatory fees to any family for lunch, books, supplies (including sports equipment and team uniforms) and class trips, including those away from New York. Families receiving financial assistance may request assistance with other school expenses such as fees for after-school programs and other co-curricular activities. Brearley is committed to making participation in all aspects of school life possible for all its students.
Many factors are taken into account, including, but not limited to, the number of children in a family and how many of them attend tuition-charging schools; additional dependents; all sources of income, assets and liabilities; expenses such as mortgage or rent, automobiles, camps and lessons; and unreimbursed medical expenses. Losses shown by self-employed parents, business or rental property owners will be taken into consideration for a maximum of 3 years. Since each family’s situation is evaluated individually, there is no specific income cutoff.
Brearley bases its policy on guidelines provided by the National Association of Independent Schools (NAIS), which state that it is the responsibility of parents to pay for the educational expenses of their children to the extent they are able. In assessing need, the School will take account of the assets and obligations of both parents and will not be bound by separation or divorce agreements or by the assertion that one parent is unwilling to pay. Therefore both parents must fill out separate Parents’ Financial Statement (PFS) forms. It is the responsibility of the custodial parent to ask the noncustodial parent to fill out this form. Both parents must also submit tax forms and sign the enrollment contract. If one parent has had no involvement with the student for an extended period of time, the custodial parent may provide documentation of the situation and request a waiver.
Since the School expects families to look to all of their own resources before requesting financial assistance, income will be imputed to a spouse who is not working for pay. Certain circumstances, such as the need to care for a disabled or elderly parent or a preschool child, would temporarily exempt a family from this policy. Each application and set of circumstances is evaluated individually.
Families must reapply for aid each year by submitting a PFS form and tax returns. Financial assistance will be renewed each year according to demonstrated need; if a family’s financial situation remains similar from one year to the next, the School will continue to grant similar assistance.
A request for financial assistance must be made when the application for admission is submitted. (Please note that the application fee is waived for those applying for aid.) Deadlines must be strictly met in order for the School to consider a request.
It is our expectation that a family applying for assistance will be open and honest when completing the financial aid application and adhere strictly to all deadlines. The School expects that tax returns and other supporting documents will be true, accurate and complete and that a family will be responsive to requests for additional information.
A portion of the School’s budget is allocated for this purpose. Brearley draws on income from endowed funds donated over many years by members of the School community as well as proceeds from the Annual Fund, to which current and past parents, alumnae and friends of the School contribute. Since the real cost of educating each Brearley student exceeds her tuition fees by a significant amount, in effect every student at the School receives some degree of financial assistance. As an independent school, Brearley receives no federal, state or local funding.
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