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Financial Aid

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Milton Academy is deeply committed to enrolling outstanding and qualified 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 Services (SSS) website before January 31

In addition, families must also submit a copy of their most recent federal tax return to the SSS by January 31.

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 Services (SSS) to assess need. Milton defines “need” as the difference between the total cost of attendance (tuition, fees, etc.) and a family’s ability to pay that cost. The need assessment is based upon 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 (617-898-1798).

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 617-898-2239.

Financial Aid Facts

2020–2021 Financial Aid Budget:
$12.1 million

Students on Financial Aid (Classes I-IV):
35 percent

Download Financial Aid at Milton Academy brochure

Timeline for New Candidates

By January 31: Parents/guardians (and any other adult living in the applicant’s primary residence) must complete and submit the Parents’ Financial Statement (PFS) to School and Student Services (SSS). The school code for Milton Academy is 5098. All parents must submit 2019 and 2020 W2’s, signed tax returns, and additional schedules to the SSS website.

March 10: Milton sends the preliminary financial aid assessment with the offer of admission.

April 15: Final deadline for submission of signed of signed 2020 tax returns. Should extensions be needed, please contact the Office of Financial Aid directly. This step completes the application process.

International Applicants

Financial aid is available to applicants who are not American citizens or legal permanent residents of the United States. To be considered for financial aid, applicants must submit the International Student Financial Aid Profile available on the SSS website. In addition, applicants should submit 2019 and 2020 tax documents, including a translation into English where appropriate. You must also submit a letter from your employer specifying the terms of your employment, a certificate of finance from your bank(s) stating all bank account balances, and a copy of your November and December 2020 bank statements.

International Student Financial Aid Profile

Korean War Memorial Scholarship

Davis International Scholars Program

Current Students
Students reapplying for aid: Milton will review your aid application each year; you must reapply by January 15. If there is no significant change in your family’s financial situation, you can expect a comparable aid assessment from year to year. Milton will not review aid applications for the upcoming year prior to the full payment of your tuition and fees for the current academic year. Milton Academy communicates financial aid assessments for current students in May.

Students applying for aid for the first time: You must apply by January 15 and demonstrate that your financial circumstances have changed significantly since your initial enrollment. A cover letter explaining your change in circumstances must be submitted to the director of financial aid by this deadline as well.

Contact Information
Office of Financial Aid
Milton Academy
170 Centre Street
Milton, MA 02186

Chris_KaneChris Kane
Director of Financial Aid
Tel: 617-898-2239
Fax: 617-898-2237
Email: Chris_Kane@milton.edu

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