Financial Aid

Financial Aid

The Taft School Financial Aid Committee offers aid to qualified students on the basis of the financial need of the family and the availability of funds. There are no merit-based awards at Taft. Financial aid decisions are made independent of the admissions decisions. Although we have a very generous financial aid budget, we cannot guarantee funding to everyone who qualifies.

Who is awarded financial aid and what kinds are available?
What does it cost to attend Taft?
How is a family's need determined?
What will my contribution be?
How do parents apply for financial aid?
What can parents expect in following years?
Are there any special obligations for students who receive financial aid?
In case of separated or divorced parents:
Is financial aid available for non-U.S. citizens?
How do parents make payments?

Who is awarded financial aid and what kinds are available?

For the 2014-2015 school year, 36 percent of the Taft student body receives financial aid. Families who receive aid represent a wide range of financial backgrounds.

A generous budget allows Taft to attain its goal of enrolling a diverse student body.

Scholarship Aid: $7,661,000

The average scholarship award for boarding students is $39,220, and $25,240 for day students.

What does it cost to attend Taft?

Boarding

Tuition, room and board $52,300
Technology fee $700

Day

Tuition and lunch $38,800
Technology fee $245

Families are also responsible for the cost of books and supplies, estimated at $2,000, and for personal expenses and travel.

How is a family's need determined?

Taft subscribes to the School and Student Service for Financial Aid. Families submit a Parents' Financial Statement (PFS), which gives detailed financial information to the Service, which, in turn, supplies Taft with data concerning the family's ability to contribute to their child's education. The computation is based on a formula nationally accepted by independent schools. The Financial Aid Committee then reviews this information and uses it as the basis upon which to make an award. When a PFS is filed online or submitted to the service in Randolph, MA (see instructions under How Do Parents Apply?), operators there key in the information provided. That information is not reviewed until it is received here at Taft, which accounts for some variation between what the Service may estimate as financial need and what Taft may actually award.

What will my contribution be?

There are many factors affecting a financial aid award. The most significant of these is family income, but others include: family assets, such as home equity, savings accounts, stocks, etc.; indebtedness; the number of children in a tuition-charging institution; age of parents, with consideration given for nearness to retirement age; and unusual family or medical expenses.

Financial Aid Grants for Students Admitted in 2014

Family Income
(Boarding Students)*

Average Award
Average Tuition
Number of Awards
Under $60,000
$50,000
$2,300
25
$60,000-$100,000
$43,000
$9,300
14
$100,000–$140,000
$35,000
$17,300
8
$140,000–$180,000
$33,000
$19,300
19
Over $180,000
$23,500
$28,800
24

Family Income
(Day Students)*

Average Award
Average Tuition
Number of Awards
Under $60,000
$36,500
$2,300
3
$60,000–$100,000
n/a
n/a
0
$100,000–$140,000
$27,200
$11,600
4
$140,000–$180,000
$22,000
$16,800
7
Over $180,000
$22,000
$16,800
6

* Family income, family size, and the number of students in tuition-charging schools are all considered in awarding aid.

How do parents apply for financial aid?

Please download the letter outlining the required steps to apply for financial aid. This process has changed from previous years.

What can parents expect in following years?

Parents of returning Taft students will receive the current PFS in January and follow the same procedure outlined above, although the filing deadline is March 1 and awards are made in early May. While the financial aid award is recalculated each year with the most recent information, a family should expect that financial aid will continue throughout the student's enrollment, given the availability of funds. The size of the award will vary as the family's financial circumstances and tuition charges change.

Are there any special obligations for students who receive financial aid?

Each student is expected to maintain the high personal and academic qualities evidenced at the time of admission to the school. Financial aid recipients have no work commitment beyond that of any Taft student.

In case of separated or divorced parents:

Taft requires information from both natural parents and any step–parents. Each parent must complete and submit a Parents' Financial Statement. Naturally, each separated or divorced case is unique and may require further clarification and communication with the Financial Aid Office. Please do not hesitate to call and discuss your situation.

Is financial aid available for non–U.S. citizens?

Financial aid is available for foreign nationals, but on an extremely limited basis. You can download a copy of Taft's International Financial Aid Application and Instructions. Canadian families should follow these instructions.

How do parents make payments?

An enrollment deposit is made upon accepting admission to Taft. The remaining tuition payments are due before July 1 and November 1. Information regarding tuition payment and refund plans is mailed to families upon confirmation of enrollment.

Please contact the school or the financial aid director should you have any questions.

Mr. Michael Hoffman, financial aid director, or Will Richardson, assistant director
The Taft School
Watertown, Connecticut 06795
Phone: (860) 945-7777
FAX: (860) 945-7808
E-mail: admissions@TaftSchool.org


The Taft School admits students of any sex, race, color, national and ethnic origin to all rights, privileges, programs and activities generally accorded or made available to students at The Taft School. The Taft School does not discriminate on the basis of race, color, religious creed, national origin, ancestry, sexual orientation or any other legally protected status in administration of its educational policies, admissions policies, scholarship and loan programs and athletic and other school administered programs.

 

THE TAFT SCHOOL  | 110 Woodbury Road | Watertown, Connecticut 06795 | 860-945-7700 | Admissions@TaftSchool.org