EXPENSES AND ASSISTANCE
TUITION, FEES, AND DISCOUNTS
Each year tuition is determined by a membership vote at the January Co-op meeting.
Current Tuition: $21,377
Supply and Field Trip Fee:
Grades K-5 - $300 per year
Grades 6-8 - $500 per year
Emergency Supplies Kit Fee (new students only): $30 one time
2% discount for making full payment of the year’s tuition before the school year begins. We do not accept credit cards for these payments, and families on financial aid are not eligible.
6% Sibling Discount (applied to second sibling only)
Payment schedule is as follows:
10% tuition deposit due at time of enrollment
10% is due on May 1st (or upon enrollment for rolling admissions)
10% is due June 1st (or upon enrollment for rolling admissions)
The balance is billed in seven equal installments throughout the school year
CRESTMONT SCHOOL FINANCIAL ASSISTANCE
Crestmont’s mission is to create a diverse and accessible community and offers financial assistance to families of varied incomes and financial circumstances that demonstrate financial need. Currently, 65% of Crestmont families pay a reduced tuition. If you are considering Crestmont but you are concerned about tuition, please consider the following financial assistance options.
Crestmont uses the services of School and Student Services for Financial Aid (SSS) of the National Association of Independent Schools to evaluate a family’s financial need. In addition, Crestmont requests that applying families submit a supplementary application.
Financial aid awards are determined solely by the members of the Crestmont Financial Aid Committee. Financial aid decisions are completely independent from admissions decisions. When considering financial aid requests, the committee will take into account the data from SSS and balance it with other factors such as the number of applicants and the amount of aid available. All financial information submitted is held in confidence.
FINANCIAL AID APPLICATION PROCESS
In order to be considered for Crestmont Financial Assistance for the 2022-23 school year, please complete the School and Student Services (SSS) Parents’ Financial Statement (PFS) application and upload all required financial documents by February 1, 2022.
The following documents must also be provided (through the SSS website) by every family applying for aid:
Parent’s Financial Statement (PFS) from SSS
2020 Federal Income Tax Return
2021 Federal Income Tax Return (due by March 31, 2022)
W-2 forms for 2020
Financial aid rewards will be sent with enrollment offers through Ravenna on March 17, 2022 after 12:00 p.m.
If you have questions about SSS please contact them directly at 800-344-8328.
For all other questions, please email our Finance & HR Director, Shakira King, at firstname.lastname@example.org.
OTHER FINANCING OPTIONS
External scholarships are funds provided by community organizations and may be used to supplement school-based financial aid.
The BASIC Fund awards scholarships to low-income families who qualify for the Federal Free or Reduced Price Lunch Program, and are entering private school for the first time. Check their website for application and eligibility details.
Coverdell Tax Break
The Coverdell Education Savings Account provides a tax break for people who send their children to private or religious K-12 schools. Learn more here.