& Financial Aid
Tuition for 2023-24
Avenues’ annual tuition is comprehensive and inclusive of:
- Books and materials
- Lunch and snacks
- All field trips
- Transport to/from activities
- Educational technology fees (e.g. iPads and MacBooks)
With the exception of optional supplementary program fees such as personal charges in the school store, after-school enrichment programs, summer camp, international programs and transportation to and from school, Avenues does not assess additional fees or seek contributions for initiation, athletics, building funds, capital funds or scholarships.
Avenues seeks to build a student body that reflects the diversity of each community it serves. As our mission states, we aim to be, “humble about [our] gifts and generous of spirit.” In addition to the work done by our students, staff and parents through Avenues community engagement initiatives, our financial assistance program is one more manifestation of that commitment.
We encourage you to consider Avenues even if you cannot afford the full cost of tuition. Our team is committed to helping you navigate this process.
Avenues recognizes the uniqueness of each situation and tailors aid packages to meet the demonstrated needs of each qualified family.
A few things to keep in mind
- We realize that the cost of tuition is well beyond the financial reach of many families. For those who demonstrate financial need, Avenues offers a comprehensive program of financial aid.
- Financial aid is not awarded as a merit-based scholarship. This means that your child’s academic performance does not affect your eligibility for financial aid. Awards are based solely on the family’s financial profile.
- Avenues utilizes School and Student Services (SSS), a qualified, experienced third-party company, to provide analysis and guidance in determining a family’s contribution and potential award.
Financial aid deadlines
November 1, 2022
New applicant families
February 1, 2023
Financial aid decision notification
March 16, 2023
How to apply for financial assistance
Complete Parents' Financial Statement
Visit School and Student Services (SSS) to complete the Parents’ Financial Statement (PFS). SSS has been administering financial aid to independent schools since 1968, in collaboration with the National Association of Independent Schools (NAIS), and currently works with over 1,700 schools to help determine a family’s ability to pay school costs. The service gives Avenues an estimate of the amount your family can contribute to educational expenses, which Avenues then uses independently to determine the amount of aid you receive.
Financial aid FAQ
How does the SSS program calculate my family’s “contribution” or ability to pay?
The calculation of your family’s ability to pay considers your income, what you own (your house and other investments), what you owe (your mortgage and other debts), the size of your family and how many family members are enrolled in tuition-charging schools or colleges.
After making allowances for basic necessities, taxes and certain other expenses, taking into account the cost of living in our area, SSS estimates what portion of your remaining funds are available to pay school costs. (Note: eligibility for financial aid does not guarantee that Avenues has enough financial aid available for your family.) SSS then provides the results of the analysis to Avenues as a recommendation of your ability to pay. The final award determination always comes from Avenues based on our school policies, practices and available budget — not from SSS or NAIS.
Our family has children in multiple tuition-charging schools; how does Avenues account for these expenses?
When determining a family’s estimated contribution, SSS takes into consideration the total number of children in tuition-charging schools, including other college, parochial, and independent school programs. These expenses may be more or less than an Avenues tuition, and therefore the financial aid committee will determine the appropriate percentage of the family’s overall estimated contribution to be allocated to Avenues. Avenues cannot subsidize tuition associated with other schools where financial aid is unavailable, and reserves the right to adjust awards based on any changes to the number of children in tuition-charging schools.
Can my family receive a waiver so we don’t have to pay for the parents’ financial statement processing fee?
Yes, SSS offers a program where application fees can be waived for families most in need of financial help. Family size, income, and asset information from the Parents’ Financial Statement is used to assess the family situation and SSS will automatically apply a waiver if a family qualifies.
How are financial aid funding priorities determined?
When the need for aid exceeds the Avenues’ resources, the financial aid committee follows a policy that prioritizes awarding funds each year to returning students with aid packages already in place, new students in need of aid, and then, last, to current students who are new to financial aid.
Does Avenues offer financial aid for other school-related expenses above the cost of tuition?
Yes, financial aid packages extend beyond tuition so that all students can fully enjoy the breadth of our program. Support is offered in several areas, including extended day, summer programs, music lessons and instrument rental, athletics, overnight class trips within the U.S. and study abroad. The level of funding correlates to the same percentage of tuition aid a family received. Enrolling students receive detailed information regarding accessing funding and certain restrictions.
Will my child continue to receive aid from year to year, including aid to cover tuition increases?
Avenues renews grants based on a family’s demonstrated financial need. Therefore families must update, annually, a report of their income, assets and debts via the Parents’ Financial Statement.
Avenues remains committed to partnering with families to finance an independent school education but recognizes that a family’s ability to contribute toward tuition may increase or decrease depending on their annual reporting. With no change in financial profile, a family can expect their parent contribution toward tuition to increase slightly each year, typically equal to the percentage increase in tuition.
If my child enrolls without receiving a financial aid package, can we expect to receive aid in future years?
Generally not. Families who enrolled with no financial aid must wait three years before applying for financial aid, unless a sibling will be joining Avenues. Avenues recognizes that there are unfortunate events that change a family’s ability to contribute to tuition, and Avenues will work with families to formulate a plan for financing. If your child does not receive a financial aid award and your family cannot afford to finance full tuition for the remaining years, we strongly recommend that your child does not enroll.
How does Avenues ensure confidentiality throughout the financial aid process?
Protecting the confidentiality of personal data is one of the most important tasks for our financial aid office. All financial data and subsequent proceedings with Avenues are strictly confidential; only members of the financial aid committee have access to a family’s information. Avenues faculty are not privileged to any financial information regarding students.
Families can take steps to ensure confidentiality. Your family should use school-established channels for submitting an application, as well as disputing or appealing a financial aid decision. Additionally, your family should respect confidentiality by not disclosing financial aid outcomes to any other community members.
The financial aid deadline has passed. Can I still apply?
Submitting an application by the deadline is critical as most funding is allocated soon after the deadline. Families new to Avenues are encouraged to reach out to the admissions office to learn if any funding remains for students.
Does Avenues offer a sibling discount?
No. Families who have multiple children with us are encouraged to file an application for financial aid.
Divorced, single, or never married parents: what does Avenues expect?
Avenues believes that both parents are responsible for the education of a child. Any legal arrangements or commitments to the contrary are the responsibility of the parents to negotiate between themselves. Avenues will consider the income and assets of both natural parents, even if only one parent is in favor of a student’s attendance at Avenues. If natural parents have remarried, we will also consider the assets of the stepparent, always bearing in mind the primary obligations of that stepparent to his or her own children. Click here for the non-custodial parent information form.
Does Avenues expect both parents to be employed to file an application for financial aid?
The financial aid committee will impute a salary for a non-working parent when there are no pre-school age children or others to care for in the home, and/or no medical or disability issues that prevent the parent from seeking employment. An annual income of $50,000 will be imputed if the above situation does not apply.
May I apply for financial aid after my child has been offered admission?
Avenues calculates its financial aid grants and budget in conjunction with offers of admission. Both applications should be filed concurrently in the fall.
How is self-employment evaluated in the financial aid process?
All self-employed parents filing for financial aid must submit business tax returns. Avenues reserves the right to request full business filings semi-annually.
Are student assets used in the calculation of financial aid?
All student assets are to be included in the application and will be considered. Certain financial vehicles that preclude family access to the asset must be documented.
Can I appeal the financial aid grant I received?
Families may request reconsideration by the financial aid committee upon receipt of a financial aid decision. The only condition under which an appeal may be filed is if there is new information available for consideration that wasn’t previously known. If there is no new information to be submitted, an appeal will not be considered. A detailed monthly budget of household income and expenses, a letter to the financial aid committee explaining the request for additional aid and additional documentation of unusual circumstances are required to process appeals. Click here for the monthly budget form.
Can international families apply for financial aid?
International students are eligible to apply for financial aid. Additional documentation may be required by the financial aid committee to verify a family’s ability to contribute toward the cost of education. Though Avenues strives to meet full demonstrated need of each enrolling student, funding is limited.