Frequently Asked Questions About Financial Aid

This term refers to the total cost of one academic year including tuition, books and required school fees.

Yes. Financial aid is allocated to those families who meet the PFS deadline (January 31) prior to considering those who apply after the deadline.

If you are unable to meet the deadline, notify the Office of Financial Aid at 617-898-2239.

If you need aid, you should apply. Admission applications are read without regard for a family’s ability to pay. Only in the final phase is the selection process “need aware,” as the admission committee weighs its decision against available funds.

Milton Academy expects families who enroll without receiving financial aid to continue to pay tuition in full. You may apply for aid at any time; however, in order to be considered for aid, you must demonstrate that your family’s financial situation has changed significantly.

Your aid will be adjusted if your family’s financial circumstances change significantly.

Milton considers each application individually. We consider families within the full spectrum of financial situations, and income is only one of the factors we consider in assessing a family’s need. Milton seeks to include families from a broad economic range including not only those families who have substantial need, but also those who, with some financial help, would be able to consider a Milton education.

Milton expects your family to do all it can reasonably do to meet educational expenses. Financial aid makes up the difference.

When there is evidence that a family cannot contribute to the cost of attendance, Milton provides complete funding.

No; all aid is need-based.

For those who qualify, Milton also provides financial aid support for school-sponsored trips, music lessons, and some other costs not covered under the cost of attendance.

If extenuating circumstances are affecting your family’s financial stability, document these factors and submit the documentation as part of your financial aid application.

Milton expects both parents to complete the PFS annually and to contribute to educational costs.

Include a letter in your application if there are circumstances that Milton should consider when determining your financial need. Please be as specific as possible with dates and figures.

No.

Milton Academy offers payment plans that allow you to spread your student’s education expenses over smaller monthly installments, paid over the course of the year. Milton Academy’s payment plans are administered by FACTS Management, whose services help more than two million families nationwide afford education each year. Direct questions about the plans to FACTS at 866-441-4637.