Affording Masters

The Masters School is committed to making an exceptional education accessible to a diverse community of students.
We recognize that a Masters education is a significant investment in your child’s future, and we are dedicated to helping as many families as possible afford this educational choice. Masters has a robust financial aid budget. 26% of the student body receives financial aid, which totals more than $6 million. In addition to our generous need-based financial program, we offer several tuition payment options, outlined above.

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  • APPLYING FOR FINANCIAL AID

    To be considered for need-based financial aid, returning families must complete an application by December 15 and new families must complete an application by January 5. We will communicate financial aid decisions with your admission notification (new families) or re-enrollment contract (returning families).

    The Masters School uses School and Student Services (SSS), a service of the National Association of Independent Schools, to process financial aid applications. Based on the financial information you provide, SSS forwards the Parents' Financial Statement as well as your Report of Family Contribution, which estimates the amount that a family can contribute to educational expenses. Our Financial Aid Committee uses SSS as a guide to help us make fair and equitable financial aid decisions.

    To begin your financial aid application for the 2022-2023 enrollment year, please read our Financial Aid Policy and then follow the steps below.

    1. Click the prompt to begin your Parents' Financial Statement (PFS). You only need to complete one PFS even if you have several children applying to our school. The Masters School code is 4948.
    2. You will be given a username and password that will allow you to return to your PFS at a later date before submitting it. Your information will be secure.
    3. You will be given instructions about submitting backup documents. We require your two most recent tax returns and your PFS.
    Note: If you apply for financial aid online, your information will be delivered accurately, quickly and securely to our School, allowing us to make a quicker decision about your eligibility for financial aid.

    Financial Aid Application Check List:
    1. Complete the Parents' Financial Statement (Masters' PFS Code: 4948)
    2. Provide most current tax returns, W2 form (two years for new applicants), end-of-year bank statements and pay stubs. International families must submit the International Student Financial Aid Profile, proof of income, end-of-year bank statement(s) and end-of-year pay stub(s). We also request that international families that submit tax documents provide those.

2022-2023 TUITION

  • MIDDLE SCHOOL DAY
    $53,500
  • UPPER SCHOOL DAY
    $53,500
  • UPPER SCHOOL FIVE-DAY BOARDING
    $63,000
  • UPPER SCHOOL SEVEN-DAY BOARDING
    $72,000 *
* International boarding students are also required to purchase health insurance. The cost of the health coverage varies every year, but can be estimated at $2,000.

TUITION INFORMATION

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  • Online Enrollment and Billing Information

    The Masters School utilizes a secure electronic enrollment process and partners with FACTS for electronic billing and payments. FACTS offers online features, including real-time payment, billing, and balance information to help our families manage their education bills. To register your student, please visit The Masters School Pay Plan Sign-Up.
     
    If you have any questions about the enrollment process, please feel free to contact Student Billing Coordinator Debra Ferguson in the Business Office at debra.ferguson@mastersny.org or 914-479-6450.
  • Tuition Payment Plans

    Annual One-Payment Plan
    This payment plan offers families the option of paying the entire year's tuition and any fees by July 31, 2022.

    Annual Two-Payment Plan
    This payment plan requires families to pay 50% of tuition and any fees by July 31, 2022, and the balance of tuition and any additional fees incurred by November 30, 2022 - with no interest or other charges.

    Monthly Payment Plan
    The Masters School Monthly Payment Plan, administered by FACTS, is a convenient budget plan that divides tuition costs into 10 interest-free installments for one low fee. Payments on this plan begin May 1, 2022, and are completed in February 2023. Enrollment in the FACTS ten-month payment plan must be completed before July 31, 2022. 

    All billing and payments are managed through FACTS. To register, please visit The Masters School Pay Plan Sign-Up. For more information on any of these plans, please contact Debra Ferguson at debra.ferguson@mastersny.org.
  • Tuition Refund Plan

    Participation in the Dewar Tuition Refund Plan is recommended. If a student withdraws from The Masters School, the Tuition Refund Plan will pay benefits (subject to its terms, conditions and limitations, and based on the amount insured) to the School, which provides substantial assistance in meeting a family’s financial obligation to the School. The Tuition Refund Plan insures the tuition payments due for a premium of 1.05% of tuition. The School will collect any claim as a credit against the balance due and return any remainder to the family. For more information on the Dewar Tuition Refund Plan, click here to see a brochure.

Questions?

For questions about financial aid, please contact Associate Director of Admission and Financial Aid Officer Fitima Pelaez at 914-479-6728 or financialaid@mastersny.org.

For questions about billing and payment plans, please contact Debra Ferguson at debra.ferguson@mastersny.org.