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Tuition & Financial Aid
We recognize that a George School education is a big investment. Any independent school education is. But because diversity, including socioeconomic diversity, is integral to the George School community, we do our best to make it affordable. George School is committed to meet the full demonstrated financial need of all accepted students.
Scholarships and payment plans help families afford a George School education, but we want to help more. We spend 24 percent of our operating budget on need-based financial aid—one of the largest percentages in the country. In fact, nearly 50 percent of our students receive some sort of tuition aid. For those who qualify, we also offer financial help for things like our equestrian program, books, and to help students pay for service projects abroad.
To begin the financial aid application process, please visit School and Student Service for Financial Aid (SSS) and complete the Parent Financial Statement (PFS).
Tuition for the 2018-2019 academic year:
Boarding Students — $59,750 (includes tuition, room and board, and some materials/lab fees).
Day Students — $39,975 (includes tuition, all meals, and some materials/lab fees).
Merit Awards
At George School, our scholarship funds let us reward our incoming students for being good young scholars (and some of our Quaker students for being good young Quakers and good young scholars). Merit scholarships help us attract more students who possess the qualities that George School particularly holds dear—intelligence, optimism, curiosity, 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 each year a student remains at George School.
Students who receive merit awards also may apply for financial aid.
Financial Aid
George School offers approximately $11 million in need-based financial aid to nearly 50 percent of its students each year. This substantial financial commitment creates an environment in which students with widely varying life experiences can learn together.
Families are encouraged to apply for aid if they think that the cost of attending George School is greater than their ability to pay. The Financial Aid Committee expects families applying for aid to use all available avenues to contribute to their children’s education, including discretionary income, support from relatives or other sources, and any student assets.
Students who are non-US citizens may qualify for financial aid, but these funds are very limited. 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 Toomey
Director of Financial Aid
215.579.6541
Cindy Law
Financial Aid Coordinator
215.579.6546
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 the 2018 Federal Tax Form 1040 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.
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 financial aid director at 215.579.6541 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).
