Financial Aid
Peabody School is committed to providing an enriched educational experience for intellectually advanced children from all economic backgrounds. It is our goal that any student who is qualified to attend and who would benefit from the educational experience the school provides will be able to attend. While we intend to provide tuition assistance to as many qualifying families as possible, we believe that the primary responsibility for financing a student's independent school education rests with his or her family. Consequently, we expect families who require tuition assistance to turn to all possible outside sources including extended family before applying for financial aid. Please keep in mind that Peabody School receives no external financial support of any kind. So, any tuition assistance provided results in less money in the budget for classroom equipment, supplies, computers, teachers' salaries, etc.
Families requesting financial aid must submit a completed Parents Financial Statement to the School and Student Service for Financial Aid (SSS) by April 1. Families must also submit a signed copy of their most recent tax return along with all schedules to the school on or before April 1.
Once the school receives SSS's assessment of each family's ability to pay for private education, Peabody makes the final determination of any tuition reduction using SSS's recommendations as guidelines. It is important for families to understand that when determining tuition reduction amounts, the school must weigh each family's need relative to all other families applying for financial aid. While we will make every effort to meet the demonstrated need of all admitted or enrolled financial aid applicants, we cannot guarantee that we will be able to do so.
Peabody School does not discriminate in the administration of its financial aid policies because of race, color, religion, national origin, or gender. Financial need is not considered in determining a student's eligibility for admission.We hope this overview gives you some insight into our thinking here at Peabody regarding financial aid, and we look forward to working with you on an individual basis.
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