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Tuition & Financial Aid

George School is committed to meeting the full demonstrated financial need of all accepted students.

Scholarships and payment plans help families afford a George School education, and our financial aid program (roughly 25 percent of our annual operating budget) is among the most significant in the country. Financial help is also available for things like our equestrian program, books, and service trips.

To begin the financial aid application process, please visit School and Student Service for Financial Aid (SSS) and complete the Parent Financial Statement (PFS).

Worried About Qualifying?
Many families whose income falls in what is typically described as the “middle-income” range worry about not qualifying for tuition assistance. Anyone with this concern should know that George School is different. We have a strong track record of meeting and working with families at all income levels. In fact, at George School, we see it as part of our mission to do so.

If you are committed to investing in your child’s education but concerned about paying the full tuition amount, applying for financial aid will make you eligible for our middle-income scholarships. We are dedicated to making a George School education a reality for families just like yours. Here’s how to apply.

Points of Pride

$10 Million

in financial aid grants are awarded annually (about 25% of our operating budget). Our financial aid program is among the most significant in the country.

50%

of our students receive financial aid.

95%

IB Diploma completion rate, one of the world’s highest.

126

years as a Quaker co-educational boarding and day high school.

1:7

faculty-student ratio, with average class size of 14

100%

of the demonstrated financial need is met. There are no loans to repay.

Tuition for the 2020-2021 Academic Year

Tuition for the 2021-2022 Academic Year will be released by February 1, 2021. Please use 2020-2021 tuition rates as an estimation.

Boarding Students — $63,700 (includes tuition, room and board, and some materials/lab fees)

Day Students — $42,200 (includes tuition, all meals, and some materials/lab fees)

Books, supplies, program fees — $900 (estimated)

Merit Awards and Financial Aid

Merit Awards
At George School, our scholarship funds let us reward incoming students for demonstrating intelligence, optimism, curiosity, and leadership.

All students who meet the admission application deadline are considered for merit awards. No application is required. These awards range from $1,000 to $15,000 per year and renew annually.

Financial Aid
Our financial aid awards meet 100 percent of a family’s demonstrated need and do not include loans. This substantial financial commitment creates an environment in which students with widely varying life experiences can learn together (and from one another).

Families are encouraged to apply for aid if they think that the cost of attending George School is greater than their ability to pay. Students who are non-U.S. citizens may qualify for financial aid, but these funds are limited. Financial aid for international students traditionally does not exceed 50% of the cost of tuition. Priority is given to families who apply by the deadlines.

We know that each family has a unique financial picture. If you would like to discuss your specific situation or have questions about deadlines or application materials, please contact:

Michael Murray
Associate Director of Admission and Financial Aid
215.579.6550

Cindy Law
Financial Aid Coordinator
215.579.6546

Email: financialaid@georgeschool.org

 

Financial Aid Application

Apply now at School and Student Services
The deadline is January 15, 2021.

Financial Aid Applications

George School subscribes to School and Student Services (SSS) by NAIS to process financial aid application materials. A completed financial aid application includes the Parents’ Financial Statement (PFS), W-2 forms, and tax returns with all schedules and statements including both personal and, if applicable, corporate tax returns.

Requirements for US Students

On or before January 15

  • Completed Parents Financial Statement (PFS) online to SSS.
  • 2018 and 2019 W-2’s (if applicable).
  • 2018 and 2019 tax returns and all supporting schedules.
  • If self-employed, please submit a Schedule C.
  • If income is in the form of rental income, royalties, or is income reported on a K1 from a Partnership or S Corporation, please submit a Schedule E and respective K1’s.
  • 2018 and 2019 S-Corp or Partnership returns (if applicable) 1065 and/or 1120S.
  • Divorced or separated parents may submit either a combined PFS or file separately. George School considers all resources available to students, so we require information from parents/guardians and stepparents regardless of divorce, separation, or marital status.

Deadlines

  • By January 15: All financial aid applicants must submit a PFS and all required financial documentation to SSS. All other required financial documentation not available on January 15 must be submitted as soon as it becomes available.

March 10: Decision Notification for New Families

  • If all required documents are submitted by the deadlines, then you will receive notification of your financial aid status with your admission decision notification on March 10.

April 1: Decision Notification for Returning Families

  • If all required documents are submitted by the deadlines, then you will receive notification of your financial aid status by email on April 1.

Requirements for International Students

If you do not file taxes in the United States or your primary source of income is not in US Dollars (USD), you still must fill out the Parents’ Financial Statement (PFS). In addition, you must download and submit the International Student Financial Aid Profile form. Along with the International Student Financial Aid Profile form, please upload tax returns from your country, proof of income from your employer, and copies of bank statements for all bank accounts (checking, savings, money market, and other investment accounts).

On or before January 15

Financial Aid FAQs

How is my family’s financial need determined?

The School and Student Service for Financial Aid (SSS) processes each submitted Parent Financial Statement (PFS) and provides an analysis of a family’s finances. In its analysis, SSS suggests a portion of discretionary income that a family can contribute towards the cost of a child’s education. The George School Financial Aid Committee considers the recommendation of SSS in combination with income/earnings statements, IRS 1040 forms, and any other submitted financial documentation.

The family contribution determined by SSS is a starting point for the Financial Aid Committee. After considering any extenuating circumstances, together with George School’s financial aid policies, the committee makes a final award decision. Financial aid awards are confirmed and credited to accounts only after we have received the family’s submitted, signed copy of all required Federal Tax Forms with all schedules, statements, and W-2 forms (not an estimated form). If your family applied for a filing extension, please notify the Financial Aid Committee.

If my child is accepted to George School, does that mean that we will automatically receive financial aid?

If you think you need financial 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 financial funds. It is possible that a student may be admitted and then the family either does not qualify for aid or is placed on the financial aid waiting list.

What are the types of financial aid available to our family?

George School awards financial aid in the form of a grant that does not need to be repaid. While George School does not offer any educational loans, additional information on financing resources, including educational loan programs, can be found via the School and Student Services (SSS) website.

I have completed the financial aid process. What are the possible outcomes?

Financial Aid Grant – The Financial Aid Committee has determined that your family qualifies for financial aid and is offering a financial aid grant.

Financial Aid Waiting List – Your family qualifies for financial aid as determined by the financial aid process, however, George School does not have enough funds to meet your demonstrated need.

Does Not Qualify – Your family does not qualify for financial aid as determined by the financial aid process.

If I qualify for financial aid, will I receive a similar aid package in future years?

Families are required to complete the financial aid process each year they are requesting aid and the Financial Aid Committee makes a new assessment each year. Generally, if your family’s financial situation remains the same and you meet all of the deadlines, you can expect to receive a similar level of financial aid in future years.

Who receives financial aid at George School?

Each year George School distributes approximately $11 million in financial aid to roughly 50 percent of the student body. The average financial aid grant is approximately $35,000.

The average day student financial aid grant is nearly $23,800, but ranges from $1,000 to full tuition. Incomes of day student families who qualify for aid range from less than $20,000 to more than $150,000.

The average boarding student financial aid grant is about $44,300, but ranges from $5,000 to full tuition. Incomes of boarding student families who qualify for aid range from less than $20,000 to more than $200,000.

What are our chances of receiving financial aid?

Parents often ask, “What is the cut-off point for my income?” There isn’t one. If you think the cost to send your child to George School exceeds your ability to pay the tuition, then you should apply for financial aid. Every family has varying circumstances that affect their ability to pay for private education. These factors include family size, number of children attending tuition-charging schools, assets, and debts.

What about divorced or separated parents or never married parents?

George School expects that separated or divorced parents will contribute to the cost of their child’s education regardless of whether or not there is a legal obligation for them to do so. The financial aid process considers all resources that might be available to the student. If either parent remarries, the Financial Aid Committee will take into consideration the obligation of that parent to his/her new family and the resources of the stepparent, given the obligation of the stepparent to his/her own children. Therefore, both parent and stepparent must submit financial information to our office.

In the event that one parent will not participate in the financial aid process, we require the custodial parent to submit a a non-custodial parent waiver form that will remain on file.

Are there other sources of financial aid?

Some community, religious, and not-for-profit organizations offer scholarships. Applicants who are Quakers should seek additional funds from their monthly and yearly meetings. Prospective boarding students who show high achievements in academics and community activities may apply for one of four $15,000 Anderson Scholarships for boarding students.

What should I do if my financial situation changes?

Contact the Financial Aid Committee in writing to notify them of changes in your family’s financial picture. Please send an explanation and documentation to: Financial Aid Committee, George School, PMB 4460, 1690 Newtown Langhorne Road, Newtown, PA 18940-2414.

Who will see my financial information?

All materials are kept confidential and are reviewed only by members of the George School Financial Aid Committee. We will not release any documents you submit without your written permission.

Who should I call if I have questions?

Please feel free to call the financial aid coordinator at 215.579.6546 or the associate director of admission and financial aid at 215.579.6550 with questions or concerns regarding the financial aid process.

To check receipt of financial aid items or for questions about the Parent Financial Statement, please call SSS at 800.344.8328 (Monday through Friday from 9:00 a.m. to 8:00 p.m. EST and Saturday from 9:00 a.m. to 4:00 p.m. EST).

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