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Tuition & Financial Aid

2017-2018 Tuition

Upper & Middle School Boarding $58,200

Upper School Day $39,300

Middle School Day $21,000

Schedule of Payments

Due with enrollment contract: 10 percent of tuition

Due Aug. 1: 60 percent of remaining tuition and 100 percent of all applicable fees due

Due Dec. 1: Remaining 40 percent of the tuition less enrollment deposit due

Additional Fees

Tuition Refund Program

  • Boarding Student $600
  • Day Student $400

Health Services Fee

  • Boarding Student $125
  • Day Student $50

Technology Fee

  • Boarding Student $500
  • Day Student $150

Books Range from $700 to $1,000

International Fee $2,500

Middle School Trip Fee $500

English as a Second Language $5,000

Health Insurance

  • Full coverage is mandatory
  • The plan cost is $1,905 for those not otherwise covered

Finance Options

If it is not financially feasible for you to pay your tuition in two installments, then you must enroll in the Monthly Payment Plan or obtain a Student Loan. The Academy partners with Smart Tuition, Springstone Financial and Sallie Mae to provide affordable and convenient payment options.

Smart Tuition

MONTHLY PAYMENT PLAN


Smart Tuition

Monthly Payment Plan by Smart Tuition allows you to pay annual expenses, interest-free, over a period of up to 12 months.

Visit their online enrollment center to begin.

Use WMA's Smart Tuition code: 12499.


STUDENT LOANS


Your Tuition Solution
Springstone Financial LLC

2 Park Central Drive, Suite 100

Southborough, MA 01772

Tel: 800.920.9777

Fax: 508.281.8505

Contact: Form on their website

Convenient Payment Options from Your Tuition Solution:

  • Covers tuition amounts up to $40,000
  • Fixed rates as low as 3.99% APR
  • Plans from 24-84 months
  • Calculate monthly payments
  • No application or origination fees and no pre-payment penalties

For more information or to apply, visit their website.

Sallie Mae
Sallie Mae

www.SallieMae.com/K12

888.521.7562

Borrow up to 100% of the cost of tuition with terms as low as three years and no prepayment penalties.

International Exchange Rate

Wilbraham & Monson Academy has partnered with peerTransfer to streamline the tuition payment process for our international families. With peerTransfer, you are offered excellent foreign exchange rates, allowing you to pay in your home currency (in most cases) and save a significant amount of money, compared to traditional banks. You will also be notified via email when your payment is received by the Academy. Visit the peerTransfer website to begin.

Financial Aid

Wilbraham & Monson Academy strives to bring a private school education to exceptional, well-rounded students who may not otherwise have the opportunity to attend. We have a tremendous respect for the significant personal and financial sacrifices families make to ensure their children have an outstanding education.

We are committed to making WMA accessible to families of varied economic backgrounds and recognize that many families who might not expect to be eligible for financial aid do qualify. If you feel your family cannot afford the full tuition, during your admission process we encourage you to also apply for a financial assessment to determine if you are eligible for Financial Aid.

SCHOLARSHIPS

We are offering two named Scholarships for the fall of 2017 applicants who have demonstrated need. These scholarship recipients will be selected by the Admission and Financial Aid Committee during the review process.

  • The Ratcliffe Hicks ’58M Memorial Fund provides needed scholarship to an outstanding student with a preference for students from Connecticut. Created in 1958, the fund honors Ratcliffe Hicks, Monson Academy class of 1858 and his mother Mariah Sterns, who also attended Monson Academy in 1837.
  • The Margaret Steiger Scholarship Fund began providing scholarships for Academy students in 2004. Mrs. Steiger taught at the Academy for many years. To be eligible for the award, students must demonstrate financial need, academic merit and participation in extracurricular activities.

In addition, we have added the Head of School Award, a merit-based scholarship for incoming freshman new to the Academy. Students who show exceptional potential in varied areas, and who may not qualify for need-based aid, will be reviewed and selected during the Admission process. Students who are selected will receive an award of up to $10,000.

APPLYING FOR FINANCIAL AID

Wilbraham & Monson Academy uses information compiled by School & Student Services (SSS), a service of the National Association of Independent Schools. SSS analyzes the information you provide to them on the Parents' Financial Statement (PFS) and calculates an estimate of what your contribution to educational expenses may be. The Academy uses this calculation as a tool along with your financial documents, such as tax returns and W2s, to determine your tuition pricing.

New Students: Please note on your WMA Admission application that you will be applying for Financial Aid.

As early as November 1, complete a Parents' Financial Statement online at sss.nais.org but no later than January 1 for Returning Students and January 31 for New Students.

Once your PFS is complete, please remit the following documents to SSS with your cover sheet.

  • 2016 W2s
  • Signed copies of your 2016 Tax Return and all supporting schedules. If your 2016 Return is not complete, you may remit a copy of your 2015 Return and once completed, remit the 2016 Return. Please note that all discounts are conditional upon our review of the 2016 Return.
  • Business Owners must file a Business/Farm Statement on the SSS website and remit your business return to SSS.
  • Divorced or Separated Parents must each file individual Parent Financial Statements and remit your tax returns.

Tuition decisions are mailed to New Students on March 10 with their admission decision and Returning Students on February 1 with their enrollment contract.

Late Applications for Financial Aid

Families who have initiated the application process too late to allow them to comply with the deadlines above are encouraged to proceed. However, the financial resources cannot be guaranteed, and amounts of discounts at this time may be limited.

Contact Information
Kate Gaw
Director of Admission & Financial Aid
Phone: 413.596.9174
Fax: 413.5961749

Email: kgaw@WMA.us


Nondiscrimination Policy
Wilbraham & Monson Academy prohibits discriminatory conduct of any kind, including in admission, financial aid, program involvement, employment or otherwise. Unlawful discrimination is the unfair or unequal treatment of an individual (or group) based on certain characteristics that are specifically protected by law or Academy policy. These characteristics include: race, religion, color, national origin, age, sex, disability, sexual orientation, genetic information, military status, gender identity and any other categories protected by federal, state or local law.


Schedule a Visit

Apply to WMA

Financial Aid FAQs

Should I apply for Financial Aid?

If you do not believe you can afford the cost of a Wilbraham & Monson Academy education, then yes, please apply for Financial Aid. Each year over 35% of our student body receives discounted tuition.

How does the application process work?

Those interested in applying for Financial Aid should notify the Admission Office and check the appropriate box on the application. Applications for Financial Aid students should be submitted online (sss.nais.org) as early as possible, but after November 1. In order to be considered for the first round of decisions, all paperwork must be completed no later than January 1 for returning students and January 31 for new students.

What is used to determine if I will I qualify for Financial Aid?

Based on your Personal Financial Statement, the School and Student Service (SSS) for Financial Aid will estimate how much you should be able to contribute toward your child's education. SSS uses a standard calculation which takes into account your income and expenses, assets and liabilities and family size. Wilbraham & Monson Academy uses this estimate as a guide, along with your tax returns, to determine your award. Please be aware that each school uses this figure differently based on its budget and their specific enrollment needs.

What if we have special circumstances that we feel the Academy should take into consideration?

Any additional information that you would like us to consider should be noted in the comment section on your Personal Financial Statement.

What are the expectations of students receiving Financial Aid?

All WMA students, regardless of their financial status are expected to work hard, make substantial contributions to the school, and benefit from our academic program.

Does WMA give athletic Scholarships?

No. WMA does not award athletic scholarships. The majority of our disbursed funds are need-based, with the exception of a limited number of Head of School Awards.

What if I have more than one child in school?

We will take into consideration expenses for all children that are attending tuition-paying schools with the exception of Graduate School. Please make sure to list all students on the Personal Financial Statement.

What if we own our own business or farm?

If you own a business or a farm, you must submit the Business/Farm Statement along with your business return in addition to your Personal Financial Statement. You can access this form at sss.nais.org

What if my tax return is not available by January 31?

In this case please remit to SSS your 2016 W2s and a signed copy of your 2015 tax return. Remit your signed 2016 return as soon as it is completed but no later than April 15. All financial aid awards are conditional upon the review of the 2016 information.

If I accept the tuition offer, will the tuition for the subsequent years at WMA be the same?

You must submit a new Personal Financial Statement and tax return each year. If your income has not changed significantly, your award will be comparable each year. If there are changes in your financial picture, it is likely that we will adjust your award accordingly.

What happens if parents are divorced or separated?

Both parents are expected to contribute to their child's education. Tuition is based on ability to pay, not willingness to pay. Therefore, both parents must participate in the financial process. Both must submit a Personal Financial Statement to the sss.nais.org along with signed copies of their tax forms. If there are extenuating circumstances that warrant waiving this requirement, a written request should be sent to Kate Gaw, Director of Admission & Financial Aid.

Accreditations & Memberships

  • The Association of Boarding Schools
  • New England Association of Schools and Colleges
  • National Business Officers Association
  • National Association of Independent Schools
  • Independent School Management
  • Global Education Benchmark Group
  • Council for Advancement & Support of Education
  • Association of Independent Schools in New England
  • Secondary School Admission Test Board
  • National Association for College Admission Counseling
  • Cum Laude Society
  • College Board
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