FAQ: Costs of an Education at TNCS
What is the tuition fee for a full year?
For 2017-18, tuition has been set at:
- Middle School (grades 5-8) = $28,910
- Upper School (grades 9-12) = $29,910
Enrollment agreements are offered beginning in February. A deposit of $1,000 is due with the signed enrollment agreement. This enrollment can be cancelled in writing by May 31st.
When are tuition payments due?
The School offers a five payment plan with a deposit of $1,000 due with the contract, and 5 equal payments billed on: June 1st, July 31st, October 31st, January 31st, and March 31st.
There is also an extended 10-payment plan, which can be requested by families who also select direct debit for tuition payments. The $1,000 enrollment fee is due with the executed contract, and then 10 equal payments on: June 1st, July 31st, August 31st, September 30th, October 31st, November 30th, January 31st, February 28th, March 31st, and April 30th.
What factors determine the annual tuition rate?
Because of our small class sizes and customized instruction, tuition at TNCS does tend to be higher than other area schools. When considering our tuition, is it important to remember these factors:
- Our teacher to student ratio is extraordinarily low. Language Fundamentals average 2 or 3 students, and academic classes average 6 to 8. Overall the student to teacher ratio at TNCS is approximately 3:1. Our customized instruction and student success depend on these low ratios.
- The total cost to educate a student at The New Community School in 2016-17 is $32,947. The difference between tuition and this amount is made up through fundraising, support from the school’s endowment, and other sources.
- TNCS is dedicated to integrating 21st century skills into our curriculum and expanding customized learning opportunities.
- The Richmond area is very competitive and in order to attract and retain our exceptional faculty, we must maintain compensation and benefits, comparable to our peer schools.
Our Development Office is grateful for the support of individuals, foundations, and area corporations whose gifts support the mission and programs of the school. These include student enrichment, faculty development, financial aid and more. 100% of the tuition you pay goes to the operation of the school. Capital projects, including construction of the new academic building, are supported through separate fundraising initiatives such as the Building on Strengths campaign. Additionally, the Parents Association works hard each year to raise additional support through programs such as the READ Art Show and Sale.
How can my child attend the school if I can’t afford the full tuition?
Not all families are able to meet the full cost of tuition. A few alternatives are described here:
- Federal/State/Local Funds 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.
- Financial Aid from The New Community School 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 15, 2017 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 required documentation must be provided by the stated deadline.
Any questions regarding this process can be addressed to the Business Office.
- Scholarships 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 schools.
- Loans Financing options include home equity lines, personal loans, or financing through Your Tuition Solution. Please contact the Business Office if you have any questions.
- Medical Expenses as Itemized Deductions You may be able to include in medical expenses the cost of attending The New Community School. For more information, see IRS publication 502 Medical and Dental Expenses for use in preparing returns, www.irs.gov, or check with your tax return preparer.
- 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, which can be found here.
Is there a Financial Aid Calculator?
Financial Aid Calculator: How Do Private Schools Determine Aid? (PDF)
Are Operating Funds used for other purposes by the school?
Operating Fund income, consisting of tuition and Annual Fund contributions, is used only for meeting the needs of the school’s educational programs, financial aid, and related support services. Other important projects determined by the Board of Trustees, such as capital campaigns for buildings, property, or endowment efforts, are funded by contributions and gifts given specifically for those purposes.
Methods of payment?
Tuition and other payments can be made by check, wire transfer, or by credit card via our website. https://tncs.diamondmindinc.com/parentAccount/Login_Tuition. 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%.