The Financial Aid Committee uses the SSS methodology to determine what a family might reasonably be expected to contribute toward educational expenses. This formula considers income, assets, and expenses of both the students and the parents. The total amount available from a family for education costs is divided among all children attending tuition-charging schools. This includes day care costs, other independent school tuitions, as well as college and university tuitions. It excludes graduate school tuition for dependents.
The aim of The Thacher School is to accept students on their own qualifications without regard to their family’s financial resources. Accordingly, financial considerations shouldn’t deter anyone from applying for admission to the School, and are in fact an important step when considering how to make boarding school work for your family.
The Financial Aid Committee considers the financial resources of both parents and any stepparents. Both the custodial and non-custodial parents are required to complete financial aid applications. If the non-custodial parent has no involvement in the child’s life, a letter from a third party is required to waive this requirement.
Families who enroll at Thacher paying full tuition are expected to continue doing so throughout their child’s time at the School. Barring a significant change in financial circumstances, families should not plan to apply for aid if they haven’t done that as part of their initial application to the School.
Awards are made on a year-to-year basis. Families need to reapply annually if they are seeking continued aid. However, unless there is a significant change in family circumstance, a family can expect that awards will remain constant. Increases in tuition costs are typically shared by the family and Thacher.