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 major investment in your child’s future and one that can be a challenge for many families. Masters remains dedicated to helping as many families as possible afford this educational choice. During the 2018-19 school year, over 27% of the student body received financial aid, which totaled more than $5.5 million. In addition to our generous need-based financial program, we offer several tuition payment options.
To start the financial aid application process, enroll in tuition payment plans, and/or learn more about financing a Masters education, please refer to the information included below.
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Upper School Five-Day Boarding
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Upper School Seven-Day Boarding
Please remember that all 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.
For the 2019-20 academic year, The Masters School is utilizing a secure and efficient electronic enrollment process via Blackbaud as well as partnering with Tuition Management Systems (TMS) again for our electronic billing and payments. Tuition Management Systems (TMS) offers online features, including real-time payment, billing, and balance information to help our families manage their education bills.TMS Frequently Asked Questions
Acceptable means of payment for the student invoice are:
1. Online Payments (links below to specific payment sites):
2. Monthly payment plan - ACH payment through Tuition Management Systems (TMS)
4. Bank wire
JP Morgan Chase
12 Ashford Avenue
Dobbs Ferry, NY 10522
Credit to The Masters School
For (student name & ID #)
Swift code for international wires #CHASUS33
A $30 charge will be assessed each time a check presented in payment of a student's account is not honored by the bank. If the returned check was the means of meeting a payment deadline, the deadline will not be considered met and the appropriate late charges will be applied.
If you have any questions about the enrollment process, please feel free to contact Anna Delahanty at 914-479-6450 or email email@example.com.
This payment plan offers families the option of paying the entire year's tuition and any fees by July 31, 2019.
Annual Two-Payment Plan
This payment plan requires families to pay 60% of tuition and any fees by July 31, 2019, and the remaining 40% of tuition and any additional fees incurred by November 30, 2019 - with no interest or other charges.
Monthly Payment Plan
The Masters School Monthly Payment Plan, administered by Tuition Management Systems (TMS) 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, 2019, and are completed in February 2020. Enrollment in the Tuition Management Systems Ten-Month Payment Plan must be completed before July 31, 2019. Those who enroll after May 1, 2019, must make all back payments at the time of enrollment.
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 1.0% 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.
The Masters School has a robust financial aid budget. However, each year, we have more families of need apply than we have budget available. To be eligible for consideration for need-based financial aid, returning families must complete an application by December 15, 2018, and new families must complete an application by January 15, 2019. We will communicate decisions about financial aid in your admission notification packet.
The Masters School uses School and Student Services (SSS) to process our financial aid applications. SSS is a service of the National Association of Independent Schools. 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. This, in conjunction with our school policy, helps us make fair and equitable financial aid decisions.
Click on 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.
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.
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.
Families wishing to participate in financial aid must submit a financial aid application and supporting documents annually by the required deadlines of December 15, 2018 for returning families and January 15, 2019 for new applicant families. These required documents consist of your two most recent tax returns, a Personal Financial Statement (PFS) submitted through the School and Student Services for Financial Aid (SSS) website: sss.nais.org (school code of 4948), and a signed copy of IRS Form 4506 (www.irs.gov). The Admission Office is available to help with the completion of these forms. Please call 914-479-6420 for assistance.
All families participating in financial aid are required to file and complete an application through SSS and submit tax declarations each year. Financial aid is not guaranteed from one year to the next. Unless there has been a significant change in a family’s finances or the Board-approved financial aid budget, Masters strives to maintain the level of financial aid based on demonstrated need until a child graduates.
It is the School’s expectation that families paying full tuition will continue to do so unless they can demonstrate a significant change in their circumstances. New applications for financial aid for returning families will be considered by the Financial Aid Committee. However, the Committee cannot guarantee that an offer will be made.
Families may request a second review of their financial aid offer by initiating an appeal process. The written request must be submitted to the director of enrollment management, providing additional detailed information or changes that have transpired since the initial evaluation.
Yes, international students who demonstrate need are eligible for financial aid providing all required financial aid documentation is submitted. International families must submit official proof of income if they do not file U.S. tax forms.