Tuition and Financial Aid
A Milton Academy education is a significant investment in your child’s future. Our focus is on creating a unique and valuable experience that celebrates each student’s individuality. Milton’s diversity is a hallmark of the School and we actively seek young people with academic promise and a range of talents, skills and interests.
2023–2024 Tuition
The school charges a single tuition that includes most student experiences.
Classes I–IV (boarding): $73,950
Classes I–IV (day) : $63,950
Upper school tuition includes tuition insurance, weekday and weekend activities on- and off-campus, supervised access to athletic and academic buildings during scheduled hours on weekday evenings and weekends, and other items (e.g., class-specific equipment and technology, use of athletic uniforms & equipment, prom tickets, and yearbooks for seniors). Boarding student tuition includes room & board. Upper school day students are served lunch and are also welcome to join boarders for dinner on weekdays and all meals on weekends in Forbes dining hall.
Book and supply charges will be added separately to students’ individual accounts (IAs) based on student class selections. All students are expected to bring a laptop computer to school.
Parents/guardians may choose to enroll their students in other, optional programs at Milton Academy for which families will be charged a fee, including but not limited to: daily bus service to and from school, music lessons, cultural exchanges, and pre-season athletic trips.
Financial Aid
We are deeply committed to creating an environment that is open and accessible to outstanding and qualified applicants regardless of their families’ financial circumstances and we strive to meet 100 percent of the demonstrated need for each student we enroll; Milton does not discriminate on the basis of gender, race, color, handicapped status, sexual orientation, religion, or national or ethnic origin.
To learn more, download the Financial Aid at Milton Academy brochure.
How to Apply for Financial Aid
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
Financial Aid Budget:
$14.5 million
Students on Financial Aid (Classes I-IV):
35 percent
Average grant:
75 percent of tuition
Financial Aid Links
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 2021 and 2022 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 2022 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 2021 and 2022 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 2022 bank statements.
International Student Financial Aid Profile
Current Students
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
Milton Academy
170 Centre Street
Milton, MA 02186
Chris Kane
Director of Financial Aid
Tel: 617-898-2239
Fax: 617-898-2237
Email: Chris_Kane@milton.edu
Contact Us
Office of Admission
Phone: 617.898.2227
Fax: 617.898.1701
Email: admission@milton.edu
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