Affordability


Here at St. Anne’s-Belfield School, we understand that the greatest investment a family can make is in the education of its children.

We are truly committed to nurturing a diverse and inclusive student body by making education opportunities available to qualified students, regardless of a family’s ability to pay. Our Office of Admission stands by to help you every step of the way through our admission processes, and our Financial Aid Specialist Morgan Rakes is happy to answer your financial aid inquiries. Thank you for considering becoming part of the St. Anne’s-Belfield School community!

 

Financial Aid

Application Timeline

Application Procedure

Like many independent schools, we use School and Student Services (SSS) to process financial aid applications. To begin your application for the 2019 - 2020 school year, please follow the steps outlined below:
 
  1. Beginning mid-October go to the SSS website, www.sssbynais.org/parents.
  2. Click on the green "Login to Complete Or Update Your PFS" button. Please note that our school code is 6310.
  3. Please set up a PFS online account using your email address.
  4. Using your latest 1040 Income Tax Return and W2s complete the entire application. Please note that your 2018 Tax Return will not be available prior to the Jan. 1 deadline, but please go ahead and complete the application using your latest 1040 Income Tax Return. Since your 2018 tax documents will not be available prior to the deadline, be sure to upload all of the 2017 required documents. Applications will not be considered complete until the 2017 documents have been uploaded to SSS. Please feel free to add comments on the application to explain any unusual or special situations, such as a discrepancy between your latest Income Tax Return and application or additional expenses that you feel are not being captured by the application.
  5. Submit and pay for the PFS ($51) by Jan. 1, 2019. The fee is nonrefundable and we do not offer vouchers on behalf of SSS. SSS may waive the fee for certain income levels for domestic students only. This will be determined once you reach the payment screen.
  6. Required information: Submit your 2017 1040 Income Tax Return with your application. If you submitted this information last year, you do not need to submit again. Applications will not be considered complete until the 2017 documents have been uploaded to SSS. Please log back into your account and upload your 2018 required documents as you receive your 2018 W-2s and when your 2018 income tax return is complete. If you do not have a copy of a tax return, please submit a copy of your Tax Return Transcript. You can access electronic copies of your Tax Return Transcript or Verification of Non-filing Letter (if a tax return was not filed) on the IRS website. Please note based on your financial circumstance that additional documentation may be required.

¿Necesita instrucciones en español? Haga clic aquí para obtener más información.

If you have any questions regarding the Financial Aid process, please contact Morgan Rakes at (434) 296 - 5106 ext. 1225.

Tax Implications

Per IRS Publication 970 and 515, financial aid or scholarship received for expenses beyond tuition, such as room and board, is considered taxable income. Exceptions: If students are residents of a country that has a tax treaty with the United States then they may be exempt from the tax or subject to a reduced rate of withholding on aid received for anything beyond tuition. In order to claim this treaty benefit, families must complete Form W-8BEN. Form W-8BEN is a certificate that establishes foreign status and also to claim a treaty benefit.

If you have any questions regarding the Financial Aid process, please contact Morgan Rakes at (434) 296 - 5106.


2018 - 2019 Tuition & Fees

Click here to view a printable PDF version of the 2018 - 2019 Schedule of Tuition & Fees.

PRe-School - Grade 12

Two-Year-Old's Program

5-Day Option 3-Day Options 2-Day Option  

Tuition

$9,500 $5,700 $3,825  
         
    Optional    
  Tuition Lunch Bunch 12:00 - 1:30* Extended Day until 3:00* Full Day until 5:30
Pre-School $14,075 $2,820 $5,090 $7,330*
Junior Kindergarten $19,050 n/a n/a $3,570*
      Optional
  Tuition Mandatory Meal Plan After School until 5:30*
Grades K - 4

$22,675

n/a $2,990
Grades 5 - 8 $24,900 $165

$2,990

 

Grades 9 - 12

$27,400

$925
Boarding Program
 

Boarding Fee (excluding tuition)

 

Boarding Fee + Tuition

 

10-Month Medical Insurance+

12-Month Medical Insurance+

5-Day (Returning) $17,600 $45,000 $2,160 $2,375
7-Day $30,600 $58,000 $2,160 $2,375
 
meal plan
  Daily Community Meal Only
Grades K - 4 $840 $165
Grades 5 - 8 $925^ $165 (MANDATORY)
Grades 9 - 12 $925^ (MANDATORY)  

Please note that all selected optional fees will be included in tuition payment plans.

*Please click here to view the full 2018 - 2019 Schedule of Tuition & Fees for daily rates for Lunch Bunch, Extended Day, Full Day, After School, punch cards, and additional details.

^ Includes a mid-morning snack

+ Required for international families only, must select either the 10- or 12-month plan

Understanding How Financial Aid is Awarded
How to Apply for Financial Aid
Financial Aid Frequently Asked Questions

Will applying for financial aid affect my child's chances for admission?

No. Admission decisions and financial aid assessments are made independently.

WHO MAY APPLY FOR FINANCIAL AID?

We strongly encourage all families, new and current, to apply for financial aid if they believe aid is needed in the upcoming school year.

How are awards determined?

A family's eligibility is determined through a careful analysis of information provided on SSS’ Parent’s Financial Statement (PFS) along with a submission of a family's current, complete income verification. Award sizes are determined by the St. Anne’s-Belfield School Financial Aid Committee, which is guided by a standardized calculation derived by SSS. This calculation considers gross taxable and non-taxable income, assets, liabilities, family size and the number of students in tuition charging institutions. After allowances for basic living necessities and taxes, discretionary income is considered available for education on a sliding scale. Families should expect to contribute to their child's educational costs at the highest possible level given their economic situation.

What happens in cases of divorce, separation, and single parents?

In cases of divorce or separation, St. Anne’s-Belfield School requires both biological parents to apply for financial aid. If there are extenuating circumstances that prevent one parent from applying, please contact the Financial Aid Specialist Morgan Rakes at (434) 296 - 5106.

HOW DO FAMILIES LIVING OUTSIDE THE UNITED STATES (INTERNATIONAL FAMILIES) APPLY FOR FINANCIAL AID?

Families who live outside of the US who do not file a US federal tax return, Form 1040, are asked to complete a PFS and do so by using US dollar equivalent. Families are also asked to provide documentation of the family’s total income, including a statement from their employer with annual income and wage reports.

Does St. Anne's-Belfield School offer merit scholarships?

No. Financial awards are based on a family’s demonstrated need only.

Will my child's financial aid award change from year to year?

Financial need and awards are recalculated every year, using current information. If there is little change in a family’s circumstances, one can expect that grants will be renewed at a similar level. Bear in mind that any tuition increases may be shared between the family and St. Anne’s-Belfield School.

Are there any special requirements for students who receive financial aid?

No. All students are expected to maintain solid academic and personal standing within the St. Anne’s-Belfield School community.

Is it worth applying if I am not sure our family will receive aid?

Family circumstances differ greatly and there are factors other than income that affect award decisions. St. Anne’s-Belfield School is committed to meeting the need of a broad spectrum of families.

Is my financial information confidential?

All applications for financial aid are confidential. Only the Financial Aid Committee and the head of school have access to the records.

What if I do not have my 2018 Income Tax Return or W2? Should I still apply?

Yes, please apply by the deadline. We require the financial aid application to be completed prior to the 2018 tax filing season. Please use your 2017 tax documents to help you estimate your financial information for the upcoming year and complete the PFS, which includes uploading your 2017 required documents. We will use your 2017 documents to review your application and consider an award. Later, if an award is determined, we will use your 2018 tax documents to confirm that award.

There has been a major change in my finances since my last tax return was filed, what should I do?

That is quite common and perfectly acceptable. Please fill out the application using your most updated financial information and provide additional documentation to support the change or difference between your last tax return and the application. For example, if your income is significantly different from your 2017 tax return or even your 2018 tax return, please upload recent pay stubs. Also, please be sure to use the comment section at the end of the application to explain any issues, concerns, or differences. You can also use the comment section at the end of the application to list any life circumstances or expenses that you feel the application did not capture.

Does the School offer vouchers to help pay for the application?

No, but if you are applying as a domestic day or boarding student you may qualify for the fee to be waived depending on your income. At the payment page, you will be notified if you qualify for a waiver based on the information you provided in your PFS.

Have other questions?

Please contact Morgan Rakes at mrakes@stab.org or (434) 296-5106 with any additional questions.