Financial aid decisions are made independently of the admissions decisions. Awards are granted on the basis of a family's ability to pay. Bank Street believes that all families should contribute some amount to their child's educational expenses.
Families must notify Bank Street of their interest in financial aid when they apply for admissions by marking the Request for Financial Aid section. The Admissions Office will send you the link to obtain the Financial Aid form.
Financial Aid Forms must be completed by January 1st.
If a family thinks they will need financial aid, they should apply at the time of admission to be considered. Providing firm guidelines to help a family decide whether to apply for financial aid is difficult, because each family's combination of circumstances is different. Awards are based on many different factors, including family income, assets, and extended-family support. Moreover, since the school honors its commitment to current families already receiving financial aid, awards for new families are based on the availability of the financial aid budget for that year.
No. Financial aid will not be available to families if they have enrolled at Bank Street without financial aid unless circumstances change after admission to the School.
The Financial Aid Committee processes all applications with the utmost respect for the privacy of each family making an application. All information submitted is confidential.
Families who have applied for financial aid will be notified of the Financial Aid Committee's decision at the same time they are notified of admissions decisions.
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