Affording Greenwich Academy

Last year GA awarded more than $8,400,000 in financial aid.

Nearly 50% of families receiving financial assistance earn more than $150,000 a year.

The average amount of financial aid awards is $41,764.

Almost one-quarter of our students receive financial assistance.

We recognize that the cost of an independent school education can be discouraging, but be assured that Greenwich Academy is committed to providing a well-funded, inclusive, and equitable financial aid program to support our families. Our dedication to financial aid has made Greenwich Academy a socioeconomically diverse community and has helped us focus on our mission to bring girls of exceptional character and talent to our school. Currently 23% of our student body receives aid, representing families from a wide range of incomes. In addition, our admission process is need-blind, meaning decisions are not influenced by a family’s ability to pay.

“Our experience at GA has been wonderful. We have experienced absolute inclusion from the faculty, students, and parents. Financially unable to pay full tuition given our economic status, we have found GA to be extremely generous.”

—Current Parent

Gross Household Income for Families Receiving Financial Aid

Tuition & Payment

Greenwich Academy tuition for the 2023-24 school year is listed below. Fees for lunch, snacks, supplies, class trips, and associated activities are included.

Grade	Tuition
Pre-Connecting & Connecting	$47,550
Groups I-IV	$47,790
Groups V-VIII	$50,000
Groups IX-XII	$53,300

Payment Schedule & Plans

A deposit of $4,000 of the annual tuition is required with the return of the enrollment contract to hold the student’s place. This deposit is nonrefundable and will be applied to the tuition payment. First semester tuition payment is due on May 1. GA also supports a number of payment plans.

Your Tuition Solution

Fixed-rate education loan that spreads tuition payments over up to 84 months with APR from 5.99%. Refinance or prepay without penalty. Calculate payments or apply.

Learn more

Veracross

Once enrolled, you can choose from a variety of payment schedules with our online billing system.

Financial Aid Overview

We understand and appreciate the financial commitment families undertake in deciding to send their daughters to Greenwich Academy. And although paying for education is first and foremost the responsibility of a family, we devote significant funds each year to a financial aid budget that helps assist families. In turn, our school community benefits by attracting gifted students who otherwise would not have been able to attend.

The financial aid application process is designed to:

Provide an equal and fair means by which to evaluate financial need.
Allow qualified students from families with limited financial means to benefit from the GA experience.
Enrich the Greenwich Academy community with talented students from diverse economic backgrounds.

To help with what can be a confusing process, here are some useful resources. For more information, contact GA’s Financial Aid Office at 203.625.8990.

Guide
—
Info, how-to tips
& next steps

Tax Primer
—
The tax forms you’ll need & how to fill them out

Financial Aid Webinar
—
An overview with GA’s Director of Enrollment

Eligibility & Requirements

Documentation of US citizenship or permanent residency must be submitted with the Application for Financial Aid. Proof is required for both student and parent.
In keeping with the National Association of Independent Schools (NAIS) Principles of Good Practice for Financial Aid, Greenwich Academy requires the parents of each financial aid applicant to submit yearly a detailed financial statement to School and Student Services (SSS) and Greenwich Academy.
Every Greenwich Academy family contributes toward the cost of educating their daughter. Two-parent families are expected to be employed full-time, if home and health situation permit. In most cases, it is assumed that both parents will help fund educational costs to the best of their abilities before seeking financial aid from the school. There are no full tuition grants.
The amount and number of financial aid grants are subject to the availability of funds. Completion of the Parents’ Financial Statement (PFS) by December 15, 2023, is a prerequisite for consideration of grant allocations.
Financial aid is granted for one year at a time. New application forms must be filed yearly by December 15, to allow time for SSS to process the forms by the end of January.
If financial circumstances change, it is assumed that parents will notify the Director of Enrollment and Financial Aid and will take responsibility for an adjusted amount of their daughter’s tuition and fees.
It is assumed that families who apply for financial aid will have eliminated non-essential expenses such as memberships to clubs that require annual dues or vacation homes.

Computation of Financial Aid

The procedure used in determining the amount of need is closely modeled on that developed by the College Scholarship Service. The Greenwich Academy Financial Aid Committee considers a family’s net worth balanced against taxes, educational expenses of other children, unusual debts, and medical expenses.

If a parent chooses not to work and has children that are in school full time, the Financial Aid Committee will recalculate need using an imputed, minimum income for the non-working parent.

To help us assess objectively what a family is able to contribute to its student(s) education expenses, we use School and Student Services (SSS) as a trusted third party. The SSS analysis of a family’s Estimated Family Contribution (EFC) is a critical component of our financial aid decision. However, it’s just a start. To make our final financial aid award decisions, we use the SSS figures as the baseline for our own additional review, taking into consideration our total financial aid budget, other information we may have collected, our school’s policies and priorities and the needs of our entire applicant pool. Due to circumstances like these, and others, our school may ask a family to contribute more or less to tuition than what is estimated on the SSS Family Report.

Parents Who Are Divorced or Separated

If parents are divorced, the custodial and non-custodial parent are both required to complete a PFS. If the custodial parent has remarried, the Director of Enrollment and Financial Aid will consider the assets of the stepparent, always bearing in mind the obligations that he/she has to his/her natural children. In addition, all tax information is required from custodial and non-custodial parents.

All of the forms listed above are required in order to ascertain the ability of a parent to assume the financial obligation of tuition. No grant will be made nor contract issued until all forms are received, and it is essential that they be filed on time. Late applications may result in a significantly reduced grant.

Applying for Financial Aid

KEY DATES

September 1: Financial aid application available
December 15: Financial aid application due

Step 1

Download a Financial Aid Information Packet

Apply Online
December 15, 2023 deadline

Visit the SSS site, which will guide you through filling out and submitting your Parents’ Financial Statement (PFS).
Click on the “Complete your PFS” button.
Submit and pay for the PFS ($60). This fee is nonrefundable; waivers are available upon request.

Step 2

Greenwich Academy requires that you submit proof of U.S. citizenship or legal residency with green card when you send in your financial aid application.

Additional Documents We Require
December 15, 2023 deadline

Signed Form 4506 (for our files only; no fee required)
Completed 2021 and 2022 tax forms, including the 1040, all schedules, and W-2 forms. Please upload them into your SSS financial aid portal.