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Tuition & Financial Aid


This past year has matured Ben in so many ways and he genuinely has enjoyed every minute of it! He wishes he had come sooner to WMA. He has made such an impact in a year and we are so very proud of him and what WMA has molded him to be as a person, athlete and student. It has been such a wonderful experience of making life long connections, friendships and learning experiences.

Dean and I have such a great feeling knowing we made the right decision and investment for Ben that will carry him thru life and create successes for him in the future.

- Laurie Wisniewski, mother of Ben Wisniewski '18

2019-2020 Tuition

 

Upper & Middle School Boarding $62,300
 
 

 

Schedule of Payments

Due with enrollment contract: 10 percent of tuition

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

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

Additional Fees

Tuition Refund Program

  • Boarding Student $800
  • Day Student $600

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 Activity Fee $600

English as a Second Language $5,000

Health Insurance

  • Full coverage is mandatory
  • 12-month plan cost is $2,090 for those not otherwise covered
  • 10-month plan cost is $1,880 for those not otherwise covered

Financing

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 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.

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Loan Option

 

Your Tuition Solution

Springstone Financial LLC
1700 West Park Drive, Suite 310
Westborough, MA, 01581

  • Call: 800.920.9777
  • Email: info@yourtuitionsolution.com
  • Fax: 508.281.8505

With a low, fixed-rate plan from Your Tuition SolutionSM, paying for your child’s education is easier than ever. Your Tuition Solution’s convenient payment plans give you a wide range of options such as:

  • APR: 4.99% to 24.99% FIXED
  • Amount Financed: Select from $2,000 to $50,000
  • Term Length: Options for 24, 36, 48, 60, 72 or 84 months
  • Monthly Payment: Determined by term length, amount financed and APR

To learn more about Your Tuition Solution’s flexible plans, calculate payments or to apply visit: yourtuitionsolution.com

* Rates subject to change. Terms available based on amount financed and credit history. APRs range from 4.99% to 24.99%.

 

International Payments

Wilbraham & Monson Academy accepts international payments by wire transfer and other international payment options. You can view these options and steps to make payment on our International Payment Portal or visit wma.flywire.com.

Flywire allows you to:

 

  • Pay from almost any country and any bank
  • Avoid unexpected bank fees and ensure the best exchange rate with Flywire’s Best Price Guarantee
  • Track your payments from start to finish
  • Access dedicated multilingual customer support

Click here for more information on how to complete your payment:

English

China

Korea

Russia

24/7 Multilingual Customer Support
Phone: 1.800.346.9252
Email: support@flywire.com

 

International Phone Numbers & Frequently Asked Questions

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 four Named Scholarships for the fall of 2019 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.
  • The Sarrouf Family Scholarship was established in 1998 by postgraduate Camille F. Sarrouf '51W to provide assistance to postgraduate candidates. Mr. Sarrouf wanted to express his gratitude to the Academy for how his postgraduate year shaped his own life.
  • The Sandy Bayless '68W Memorial Scholarship provides scholarship support to a recipient shown to be an excellent student and who embodies one of Sandy Bayless’ most wonderful qualities: the ability to genuinely connect with people from all walks of life.

 

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.

 

Contact Information
Kate Gaw
Director of Admission & Financial Aid
Phone: 413.596.9174
Fax: 413.596.1749

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.


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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.

  • 2018 W2s
  • Signed copies of your 2018 Tax Return and all supporting schedules. If your 2018 Return is not complete, you may remit a copy of your 2017 Return and once completed, remit the 2018 Return. Please note that all discounts are conditional upon our review of the 2018 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.

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 percent 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 the Academy's 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 2017 W2s and a signed copy of your 2017 tax return. Remit your signed 2018 return as soon as it is completed but no later than April 15. All financial aid awards are conditional upon the review of the 2018 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.

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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