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Tuition & Expenses
2007-2008 costs for tuition, room, board and fees are:
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Day |
Boarding |
| Tuition |
$31,300 |
$39,900 |
| Activity Fee |
$260 |
$310 |
| Infirmary Fee |
$215 |
$335 |
| Registration Fee |
$100 |
$100 |
| Technology Fee |
$265 |
$500 |
| Computing Tool |
$1,997 |
$1,997 |
International student annual fee: $120
English as a Second Language fee: $950/term
Spending Money & Student Debit Card Account
All student purchases while at the School are made with a Kent School Debit Card. Parents are required to deposit money into the student's debit account in advance so that their children may draw upon that account to cover both their required and descretionary purchases. If the student's account does not have sufficient funds to cover a transaction, the system will not allow the purchase until additional funds are deposited into the account. Parents may deposit money to their child's debit account at any time simply by sending a check to the school. Parents also may put caps on weekly discretionary spending by their children.
The debit card typically will be used for the following items:
- purchase of food at the Snack Bar
- purchases of discretionary transportation, such as a trip to a movie or the mall, or end-of-term transportation to airports
- purchases of books and other required academic items
- purchases of discretionary items
- spending money drawn from the student bank for use off campus
Draws will be made on the student debit card to pay for lab fees, studio fees, medical charges such as prescriptions or X-rays, PSAT and SAT testing, and music lessons. |
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Draws will also be made on the student debit card account to pay for replacement of lost items, such as room keys, debit cards or athletic equipment. Draws will also be made for library fines or damage to school property.
Spending varies from student to student, so we cannot give hard and fast estimates for planning your budgets. We have found that on a normal basis students need about $1800 over the course of a year to cover textbook purchases and discretionary spending. Students who spend more at the school store and take more trips to malls and movie theaters need an amount in excess of $1800. As a starting point, we suggest a weekly allowance of $25-30 and approximately $700 for textbooks. Used books are sold at minimal cost and financial aid recipients are given priority in used book distribution, but availability is limited and in no way guaranteed.
Payment Plans
Payment for tuition may be made directly to the School or through Key Education Resources Payment Plans. Under the school direct payment plans parents have three choices: paying a full year's tuition in one installment due August 1; paying a full year's tuition in two installments due August 1 and December 1; or prepaying full tuition at the entry year rate for the entire time their child will attend Kent.
Under the Key Education Resources Payment Plan parents have the option of a ten-month interest-free payment plan with payment beginning May 1.
Please don't hesitate to call us if you would like more information about financing a Kent education. |
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Financial Aid at Kent Kent School is committed to attracting a diverse and talented student body. The mission of our financial aid program is to make it possible for deserving students whose families do not have the financial resources to fully meet the cost of a Kent education to attend. We believe the primary responsibility for financing a child’s education rests with the family and as such we look to them first to finance educational expenses to the extent their resources will allow. To assist families in managing expenses we offer options such as monthly payment plans and loans, but often, payment plans and loans alone will not be sufficient to enable their child to attend Kent. In these cases families can apply for additional need-based assistance, keeping in mind that each year more families qualify for assistance than we are able to fund. Frequently Asked Questions 1. How is eligibility for aid determined? In common with most independent schools, in assessing each individual family's financial need, Kent's Financial Aid Committee begins with the standardized calculation derived by the School and Student Service for Financial Aid (SSS), based on information provided by the family on the Parent Financial Statement (PFS) or in the case of international students, the Kent School International Student Financial Aid Application. This system considers gross taxable income, assets, liabilities, family size and number of students enrolled in tuition-charging schools. After an allowance for basic necessities and taxes, the remaining funds are considered discretionary income, potentially available for education. In accordance with school policy, Kent requires documentation in addition to the PFS/International FA Application (Kent Questionnaire, tax returns, Business/Farm Statement for those who are self-employed) to be submitted directly to the school’s Financial Aid Office. As a result, in many cases, Kent's calculated parent contribution may differ from the SSS calculation. For example, Kent will disallow depreciation and most losses on second homes and investment properties and hobby businesses. Kent will also consider the potential for income to be earned by an able, non-working parent who does not have small children at home. In cases of divorce or separation, both natural parents are required to submit all required paperwork. Custodial parents are expected to forward the required forms to the non-custodial parent for completion. If either parent declines to submit the required information, no further consideration for aid will be given. If it is impossible for either parent to complete an application, please contact the Financial Aid Office for further instructions. If either parent has remarried, the application should include the step-parent’s financial information. Kent will consider the finances of a step-parent, bearing in mind the step-parent's obligation to his or her own natural children. Local families will be considered for aid to help meet expenses for their child enrolled as a day student only. If local families decide that their child will apply to be a boarding student, they will not be considered for financial aid. Additionally, if a family has children in other tuition-charging schools, they are expected to apply to those institutions for aid as well. Kent reserves the right to verify enrollment/cost/aid for the sibling(s) enrolled at other institutions. Finally, participation in the equestrian program at Kent carries with it a significant extra expense ($3000/term currently). In determining eligibility for aid, we do not include this extra cost in our financial aid expense budget and therefore do not assign financial aid funds to cover it. 2. When will we be notified if we are being offered financial aid? On March 10, which is the Admissions notification date for all schools. 3. What will happen in future years; What if my finances change? If there is continuing need, families are required to apply for aid each year their child is enrolled at Kent. Awards may be adjusted if the family’s financial circumstances change. 4. If we do not apply/qualify for aid this year, can we apply again next year? Families whose children begin their career at Kent without financial aid will not be given consideration in subsequent years, barring unforeseen circumstances. 5. How do we apply for financial aid?
| Fall 2007: |
Financial aid application forms and instructions are sent to parents of applicants who have indicated that they intend to apply for financial aid on the Parent Form of the Admission Application. They are also mailed to the families of current aid recipients not scheduled to graduate at the end of the current year. |
REQUIRED FORMS FOR U.S. CITIZENS:
| By February 1, 2008: |
Parents (both custodial and non-custodial in cases of divorce/separation) should complete the Parent Financial Statement Form (PFS) online at: www.nais.org/financialaid/sss. If applicable, a copy of the non-taxable income worksheet (section 12C) should be printed out and sent directly to Kent School. If online completion of the PFS is not possible, please contact the Kent Financial Aid office to request a paper PFS application form.
Parents (custodial and non-custodial) should submit signed copies of their 2006 federal tax returns, including schedules and W2s, directly to Kent. NOTE: Parents of current students who have already submitted their 2006 tax returns as part of their aid application for the 2007-2008 year need not supply another set.
Parents (custodial and non-custodial) should send completed, signed Form(s) 4506 directly to Kent (no fee required). Please note that this form is required in addition to the tax returns, not in place of them.
Parents (custodial and non-custodial) should send completed, signed Kent School Financial Aid Questionnaire(s) (PDF) directly to Kent School.
Self-employed parents (custodial and non-custodial, including those with an ownership interest in a partnership or corporation) should submit completed, signed SSS Business Farm Statement(s), along with 2006 Business tax returns to Kent School.
Students (if required to file) should submit a signed copy of their 2006 tax return, including all schedules and W2 forms, directly to Kent. |
| By February 15, 2008: |
Parents (custodial and non-custodial) and students (if applicable) should submit signed copies of their 2007 federal tax returns, including schedules and W2s, directly to Kent. |
REQUIRED FORMS FOR NON-U.S. CITIZENS:
Note: The majority of our financial aid goes to U.S. citizens, but in recent years we have funded
a small number of highly desirable international candidates as well.
| By February 1, 2008: |
Parents (both custodial and non-custodial in cases of divorce/separation) should complete a Kent School International Student Financial Aid Application (PDF) and send it, along with accompanying verification documents, directly to the Kent School Financial Aid Office.
Self-employed parents (custodial and non-custodial, including those with an ownership interest in a partnership or corporation) should submit completed, signed SSS Business Farm Statement(s) to Kent School. |
*IMPORTANT NOTE: All documents MUST be translated to English if necessary, and all figures converted to U.S. dollars. IF ALL INFORMATION IS NOT TRANSLATED AND CONVERTED NO CONSIDERATION FOR AID WILL BE GIVEN. There are a number of useful currency conversion websites, including: www.exchangerate.com |
| Kent School reserves the right to require additional documentation or explanation of unusual circumstances to determine eligibility for financial aid. |
| March 10, 2008: |
Financial Aid decisions are mailed to families of newly admitted students. |
| April 1, 2008: |
Financial Aid decisions are mailed to families of returning students whose financial aid applications are complete, who are in good academic and disciplinary standing, and whose accounts are in order in our Business Office. |
| April 10, 2008: |
Deadline for parental acceptance of the admission/financial aid offer made to newly admitted students. The Enrollment Agreement and any required deposit should also be submitted by this date. |
| May 1, 2008: |
Deadline for parental acceptance of the financial aid offer made to returning students. The Enrollment Agreement and any required deposit should also be submitted by this date. |
Estimating Real Costs For the 2007-2008 academic year, Kent tuition for boarding students is $39,900. For day students, tuition is $31,300. However, these figures represent only a portion of the actual expenses related to sending a child to an independent school. In determining each family’s individual financial need, Kent’s Financial Aid Committee considers the total cost of a Kent Education (including expenses such as books/supplies/personal expenses, fees, computer, etc.) to the extent possible, given individual variances in cost. A more detailed individual estimate of these additional costs will be presented to families whose children are offered admission and financial aid. Inquiries regarding financial aid may be directed to: Nancy Peterson
Financial Aid Officer
One Macedonia Road/PO Box 2006
Kent School
Kent, CT 06757
Phone: (800) 538-5368 or (860) 927-6115
FAX: 860-927-6109
Email: petersonn@kent-school.edu
HELPFUL LINKS: SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID: Online PFS application: www.nais.org/financialaid/sss SSS Forms available for download
(PFS, Business Farm Statement,
Request to Add Additional Schools to PFS): http://www.nais.org/admission/index.cfm?itemnumber=145891&sn.ItemNumber=142486&tn.ItemNumber=142489
KENT SCHOOL FORMS:
(Adobe Acrobat is required to download PDF files. If you wish to download, click on the image below.)
 Kent School Financial Aid Questionnaire (PDF) Kent School International Student Financial Aid Application (PDF)
IRS FORMS: http://www.irs.gov/formspubs/index.html
Key Bank Information:  Monthly Payment Plan — A budget plan administered by KeyBank, which divides school costs into 10 interest-free installments for a low annual fee. It’s a simple, convenient and inexpensive alternative to lump-sum annual or semester tuition payments. For added convenience, the Direct Debit Option is available instead of monthly billing, which allows payments to be automatically withdrawn your checking or savings account. All families may use this service regardless of whether you qualify for financial assistance or not. Apply for this plan at www.key.com/kentschool.
AchieverLoan® — The AchieverLoan is a flexible, low-cost education loan for parents and sponsors offering:
- A convenient payment option for all K-12 school expenses
- A low cost of funds and generous loan limits
- Instant credit decision and E-signature available 24/7 when applying on-line at www.afford.com/kentschool
- Loan funds sent directly to the school on scheduled due dates
- Simple application and renewal process
- Easy repayment with no prepayment penalties
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Phone: 860-927-6027