Financial Aid

New Roads School was founded on the fundamental principle of inclusion. We actively seek a mosaic of authentic diversity in our community — diversity of talents, interests, achievements, races, cultures, and economic and ethnic backgrounds — and our generous financial aid program affirms our commitment to investing in this foundational element of our transformational educational model.
Every year, New Roads School devotes between 30% and 40% of its tuition budget to need-based financial aid. This enables us to provide financial aid to more than 45% of our New Roads families. Because we believe education is a partnership among parents, students, and faculty, every family makes some financial contribution, consistent with their means, to their child’s tuition. 
New Roads' financial aid program follows several guidelines:
  • The decision to offer admission to a student is made prior to, and independent of, decisions to grant financial aid.
  • All financial aid applications are confidential.
  • Financial aid funds, while generous, are nonetheless limited; demonstrating need does not guarantee support.
  • Financial aid is reviewed annually. All returning New Roads families must reapply for financial aid for each new school year. If financial need continues, and if student performance is satisfactory, aid is generally continued. However, as costs and tuition increase, families can expect increases in their tuition obligations.

Factors considered in determining financial aid include:
  • Economic need of the requesting family. 
  • Socioeconomic diversity of our student body.
  • Other children in elementary or secondary private school. Since loans are readily available for college and university study, New Roads does not consider the expense of college education for other family members in making financial aid decisions.
  • Savings – including those a family may designate as “college savings”. 
  • Expenses for “lifestyle” choices such as vehicles, homes, vacations, club memberships, etc. 
  • Healthcare expenses.

We make every effort to be fair and consistent in all of our deliberations and decisions at New Roads School. Financial aid decisions are particularly difficult since we wish every qualified student could attend New Roads; unfortunately, this is not possible. Our Financial Aid Committee often must choose among many competing requests. In making these challenging decisions, New Roads School reserves the right to consider additional factors not specifically set forth above.

Financial Aid Application Process

Our financial aid application for the 2024-2025 school year will open on November 1, 2023. Updated financial aid information and instructions will be available on October 1, 2023. Please check back here at that time.
Financial Aid Deadline (including all required tax and income documentation) January 26, 2024. 

List of 9 frequently asked questions.

  • Does New Roads offer payment plans?

    Yes. New Roads offers the following payment plan options:
    Single payment plan (due July)
    Two payment plan (due July, December)
    Ten payment plan (monthly from July to April)
  • Is financial aid a loan?

    No. When making financial aid determinations, families receive a reduction of the cost of Tuition and the Student Activity fee, based on their demonstrated need.
  • What other expenses are included if I am granted financial aid?

    Families receiving financial aid may also qualify for a reduction in cost with the following:
    Aftercare/Enrichment Programs (Grades K-5)
    Book Costs (Grades 6-12)
    Summer Program (Grades K-12)
    Additionally, there are no added costs for athletics, art supplies, school trips (day and overnight), or yearbooks. These costs are included in your total cost for the Student Activity Fee.
  • When are financial aid award notifications issued?

    For newly accepted families, financial aid awards are included in the acceptance notification. Admissions decisions for the 2024-25 school year will be issued on March 8, 2024.
  • Does applying for financial aid impact the Admissions decision?

    No. Financial Aid decisions are independent of Admissions decisions. Once an admissions decision has been made, the Financial Aid Committee is then alerted to move forward with financial aid review.
  • Do I have to complete a separate financial aid application per child?

    No. Financial aid applications should include all students/applicants that reside in the same household.
  • What if parents reside in separate households?

    For applicants with parents/legal guardians who live in separate households, each parent/legal guardian must complete a separate financial aid application. If a parent/legal guardian is remarried, step-parents that reside in the same household and share household expenses, must be included on the financial aid application.
  • What if I cannot afford the financial aid application fee?

    Please email to request a financial aid fee waiver form.
  • Do I have to reapply for financial aid for every school year?

    Yes. We require all families receiving financial assistance to reapply for each new school year. Financial aid is not guaranteed for each school year, however, unless there are significant financial changes, New Roads does its best to maintain a family’s financial aid award and cost for tuition for the duration of a student’s enrollment. As costs and tuition increase each school year, families can expect increases in their tuition obligations.