Making a commitment to an Oakwood education is an investment in your child's future. While families have the primary responsibility for financing their child’s education to the extent they can, Oakwood Friends School is firmly committed to helping families afford this choice. Oakwood has a long-standing commitment to enrolling an economically diverse student body, and it achieves that goal by offering over $1,000,000 each year in need-based financial aid. Many families meet expenses through a combination of out-of-pocket tuition payments, financial aid grants, and loans. Different strategies may be appropriate for different families, and our Admissions and Business Offices are available to help with such decisions.

Tuition and Fees

Academic Tuition
Middle School$25,686
High School Day$30,422
5 Day Boarding and Tuition$46,325
7 Day Boarding and Tuition$54,319
International Students
International Student Fee$3,379
*English as a Second Language, per class$853
Academic Support Center Programs
Learning Skills, per year (grades 6-12)$7,978
*Focused Instruction, per term (grades 9-12)$992
Fees
Activities/Technology Fee (all students)$454
Refundable Room Deposit (all boarding students)$170
*These charges will be billed per term and will not appear on the annual contract.

Financial Aid Process

In order to determine a family’s financial need, Oakwood utilizes an independent agency called the School and Student Services for Financial Aid (SSS), which is operated through the National Association of Independent Schools. SSS provides an objective methodology for calculating a family’s contribution towards educational expenses. All final decisions regarding financial aid are made by Oakwood’s own Financial Aid Committee.

Because financial aid funds are limited and awarded on a first-come, first-served basis, it is to your advantage to apply by April 20th.

To apply for financial aid:

  1. Log on to SSS By NAIS and complete the Parents’ Financial Statement. It must be completed online.
  2. Upload your current 1040 tax return and W-2 to your SSS account. For example, submit your 2014 tax information to apply for the 2015/2016 academic year.
Oakwood Friends’ SSS school code is 5518. Please do not submit any financial documents to the school.

Frequently Asked Questions

Financial aid is awarded on the basis of demonstrated need. Oakwood Friends subscribes to the School and Student Service for Financial Aid (SSS), a third party that assists independent school administrators in determining a family’s financial need. SSS is operated by the National Association of Independent Schools.
Parents must file the Parents’ Financial Statement (PFS), the official application provided by SSS. The PFS must be completed online at www.sssbynais.org. SSS uses the information provided on the PFS to generate a Report of Family Contribution, an estimate of the amount of tuition that a family can be expected to contribute. Oakwood’s Financial Aid Committee considers, but is not bound by, the figure provided by SSS. The Committee must review your federal income tax return in order to become more familiar with your financial situation. All information related to the parents’ financial circumstances will be treated confidentially. These forms will only be used to arrive at a determination of financial need.
Financial need is defined as the difference between what it costs to attend Oakwood Friends School and the amount that the family can afford to pay. SSS considers gross taxable and non-taxable income, assets, liabilities, family size and the number of students in tuition-charging schools or colleges. After allowances for basic necessities and required taxes, the remaining funds are considered available for education on a sliding scale. The school does not provide financial aid to make up for "lifestyle" expenditures (e.g., second homes, vacations, etc.) that could have been directed to education.
No. Admission decisions are made separately from financial aid decisions. However, families requesting financial aid should apply for admission to the school as early as possible. Financial aid funds are limited and awarded in the order in which aid applications are completed and reviewed, after a student has been admitted to the school.
No. Families receiving financial aid must reapply each year. Changes in such things as income, family status, and the number of children attending private institutions may increase or decrease a family’s award. If your financial aid situation does not change, and your child is in good academic standing and perceived by the administration to be a positive and contributing member of the school community, then you can expect to receive a comparable grant every year that your child is enrolled.
Oakwood Friends School believes that parents have an obligation to pay for the educational expenses of their children to the extent that they are able. The committee will consider the assets of both custodial parents before making any award. If either parent has remarried, the committee will also consider the income and assets of the stepparent as well.
Parents should submit the PFS as early as possible after filing their 1040 for the current year (e.g., the 2014 1040 to be considered for aid for the 2015/2016 academic year). A copy of the signed 1040 should be uploaded to your SSS account and your signed 4506 form should be sent directly to Oakwood’s Financial Aid Office. No financial aid award will be made until a student has been admitted into the school and all necessary documentation has been received.
Since it is our belief that families bear the primary responsibility for financing the education of their children, it is our policy to expect both parents to contribute financially. There are circumstances, such as caring for a disabled or elderly parent or preschool child, that might exempt a family from this policy. Each application is evaluated individually.
Financial aid awards are made on a first-come, first-served basis, and no financial aid award will be made without the current tax return. In filing late, you will run the risk of earning a smaller grant or no grant at all. In the interest of time, you may wish to complete the PFS using “estimated” information for the current year. Completed income tax forms should be uploaded electronically to your SSS account as soon as they are available. If the information on the current tax return matches the information on the PFS, your family will then be considered for a grant. If there are significant differences between the figures on the current tax return and those on the PFS, you will be asked to contact SSS to revise your PFS. While this will delay the process further, we rely on accurate information to allocate our limited funds fairly and equitably.
Families will be notified as the committee reviews the files. The process usually begins in late March and ends when all funds available to the school have been allocated.
Yes. Please write to the Financial Aid Committee explaining your appeal. Include any information that will help the committee to better understand your situation, such as a detailed list of monthly expenses or any information from the PFS form that you wish to explain more thoroughly. Please include all supporting documentation.
No. Every family is expected to contribute towards tuition. In addition, books and course-related materials are additional expenses that are not covered with financial aid. Those expenses can run as high as $800/year.
Families have the option to make monthly tuition payments and can extend those payments through March of the school year. Returning families, and new families who enroll early enough, can begin tuition payments as early as June of the previous school year and extend payment over 10 months (June through March). Oakwood Friends does not offer loans; however, upon request we are happy to provide you with information about low-interest loan providers.

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