Frequently Asked Questions about the costs of an education at The New Community School
What is the tuition for a full year?
Tuition for the 2018-2019 school year is:
- Middle School, Grades 5 to 8 $29,500
- Upper School, Grades 9 to 12 $30,500
What factors determine the tuition rate?
For 2018-19, tuition increased by 2.1%. This is below the current rate of inflation (2.2%) as of December 2017 and well below the current Higher Education Price Index (3.7%). We work very hard to keep our tuition as low as possible and in comparison to our peer VAIS schools, we have managed to keep percentage increases significantly lower.
When considering our tuition, is it important to remember these factors:
- Our customized instruction and student success depend on an extraordinarily low student/teacher ratio. Language Fundamentals classes average 2 or 3 students, and academic classes average 6 to 8. Overall, our student to teacher ratio at TNCS is 3.6 to 1.
- Our teachers are our most important asset. With an average of 15.4 years of teaching experience, it is critical that we retain our exceptional faculty and attract dedicated and enthusiastic new teachers. We are committed to maintaining competitive compensation and benefits for our faculty.
- The total cost to educate a student at The New Community School in 2017-18 is $33,082. The difference between tuition and this amount is made up through fundraising, support from the school’s endowment, and other sources.
What are my payment options?
The School offers a five payment plan with a deposit of $1,000 due with the contract, and five equal payments billed on: June 1st, July 1st, October 1st, January 1st, and March 1st.
There is also an extended 10 payment plan which can be requested by families who enroll in direct debit for tuition payments. The $1,000 enrollment deposit is due with the executed contract, and then 10 equal payments drafted on the 15th of: June, July, August, September, October, November, January, February, March, and April.
Tuition and other payments can be made by check, wire transfer or by credit card using our online payment option. Most major credit cards are accepted, as well as debit cards. Debit card payments are assessed a 0.95% convenience fee and the fee to use a credit card is 2.75%.
The Business Office can also setup an automatic draft on your checking or savings account. Contact the Business Office at 804.266.2494 x2211 or email@example.com for more information.
Are there ways to make a TNCS education more affordable?
TNCS is committed to helping families make this education as affordable as possible.
Use of Section 529 Plans to Pay Tuition
The Tax Cuts and Jobs Act of 2017 contains a provision that allows the use of Section 529 accounts to pay for private K-12 education up to $10,000 per year, per child starting in 2018. These accounts can be established by parents, grandparents, or family friends and contributions can receive state tax advantages. The investments grow tax free and withdrawals are not taxed on capital gains, to the extent they are used to fund qualified educational expenses.
For additional information, visit the Saving for College website.
Medical Expenses as Itemized Deductions
If you itemize your tax deductions, you may be able to include in medical expenses the cost of attending The New Community School, as a Special Education tuition expense. For more information, see IRS Publication 502 Medical and Dental Expenses for use in preparing returns, and/or check with your tax professional.
Education Improvement Scholarships
Education Improvement Scholarships are available through GRASP, Inc. to students who meet strict income level limits (no more than 300% of the poverty guidelines) and who come to TNCS from public education. For information on this opportunity, please contact the Business Office. These scholarships require a special application process and forms. For more information and required forms, click here.
Financing options include home equity lines, personal loans, or financing through Your Tuition Solution. Brochures are available from the Business Office and the Admissions Office if you have any questions.
Education loans or scholarships from churches, related opportunities, community service organizations or philanthropic foundations may also be available to you. The school suggests that you apply to some of these groups who give aid to individuals instead of to schools.
Extended Family Support
Some of our families receive assistance with tuition from relatives. While there is an annual limit on gifts to others, gifts of tuition from those 70 ½ years of age or older (including gifts from retirement investment accounts) are able to be given without limit.
Public school systems have placed students at The New Community School. In these instances the public schools pay all of the tuition costs. Occasionally, the public school system initiates the placement process because it believes that it is not able to provide an appropriate program for the student. In other instances, parents have gained placement for their child at the New Community under Public Law through due process procedures developed by the Virginia Department of Education.
How do I apply for Financial Aid?
Following on the beliefs of the school’s founders, the Board of Trustees and school administration are committed to serving all segments of the community as best as we can. Although our funds are limited, we encourage parents to apply for assistance from the school after other sources of funding have been explored. We make every effort to see that a student is not denied attendance due to financial limitations. Financial aid is “need based” and partial in nature.
Financial aid information is gathered online through the School & Student Services website. Families should complete the Parents Financial Statement (PFS) and provide required documentation as early as possible. Financial aid is awarded after careful and confidential review of the documents. The SSS number for The New Community School is 5304.
Financial aid dollars are limited and the earliest decisions are made in mid-March. The Financial Aid Committee awards all available dollars to applicants as their completed requests are received. We encourage families to complete their PFS online and provide all the required documentation by March 1, 2018 to be included in the early decisions.
To be considered for financial aid, the student and family must meet certain minimum requirements:
- All students must have completed enrollment agreements, including a deposit for the new school year.
- Returning families must be current on their financial obligations.
- All requested documentation (including tax forms) must be provided by the stated deadline. We encourage our families to file their tax returns as early as possible.
A guide to how private schools calculate financial aid need can be found here.
Please contact Joy Buzzard, Director of Finance and Operations at 804.266.2494 x2211 or firstname.lastname@example.org for more information or with any questions.