Financial Aid Philosophy
Milton Academy is deeply committed to enrolling outstanding and deserving applicants regardless of their families' financial circumstances. Milton strives to meet 100 percent of the demonstrated need for each student it enrolls. Milton's diversity is a hallmark of the School; Milton actively seeks young people with academic promise and a range of talents, skills and interests. The School does not discriminate on the basis of gender, race, color, handicapped status, sexual orientation, religion, or national or ethnic origin.
How to Apply
Financial aid information is included with all admission packages. Families who wish to apply for financial aid must submit a Parents’ Financial Statement (PFS) to the School and Student Service for Financial Aid (SSS) before January 15. Click here to fill out a PFS online.
In addition, families must also submit a copy of their most recent federal tax return to the SSS by January 15 at:
SSS By NAIS
P.O. Box 449
Randolph, MA 02368
Financial Aid decisions will be mailed along with the admission decision on March 10.
Determining Need For Financial Aid
Milton Academy uses the analysis system of School and Student Service for Financial Aid (SSS) to assess need. Milton defines "need" as the difference between the total cost of attendance (tuition, fees, books, etc.) and a family’s ability to pay that cost. The need assessment is based upon 2008 and 2009 income and family expenses, assets and liabilities, family size, cost of living and the number of children for whom a family must pay tuition. Milton expects that all parents who seek aid will be employed, unless they are caretakers for children under the age of five, provide live-in care for an elderly dependent, or have a prohibitive disability.
In the case of divorced or separated parents, both natural parents are required to complete financial aid applications, and the income and assets of both parents (and new spouses, if any) are taken into consideration.
Although families must reapply for financial aid each year, a family should expect that grants would be renewed at the original level of funding unless there is a significant change in demonstrated need.
For those families who do not qualify for a need-based grant, financing options are available to help manage the cost of a Milton education. Plan descriptions are available from the Business Office (617-898-2285).
We hope that families will not be discouraged by the costs of independent education or by the process of applying for financial aid. If you are uncertain about your eligibility for aid or have questions about the process, we urge you to contact the Office of Financial Aid at (617) 898-2233.
