The Avenues Promise
As stated in the Avenues mission statement, “We will share our prosperity with those who need it, initially through traditional financial aid and, as we grow, in more innovative and broader-scale ways that leap the walls of our campuses.”
The Avenues Promise
Avenues now offers the largest financial aid program in the city, with 26% of our students receiving more than $24 million annually in need-based scholarships. We are pleased to build on our mission and commitment to enrolling talented students regardless of socioeconomic status with the introduction of The Avenues Promise.
The Avenues Promise to prospective families includes:
- A commitment to meet your family’s demonstrated financial need at the time of admission and through graduation.
- Need entirely met through scholarships that families do not need to pay back.
- Admitted families earning less than $100k annually, with typical assets, will pay no more than $5k annually to attend Avenues.
- Admitted families earning less than $300k annually, with typical assets, will pay no more than $30k annually to attend Avenues.
- Many admitted families with annual incomes over $300k, with typical assets, may qualify for partial need-based scholarship depending on the number of children in tuition-charging schools and other context.
We invite you to apply for financial aid at the same time you apply for admission.
Admitted students and families receive their scholarship offer with their offer of admission. Please visit our financial aid page to learn more about our need-based financial aid program and how to apply.
For any questions, please contact I-Hsing Sun, P’24, ’26, Associate Director of Financial Aid and Enrollment Analytics, i-hsing.sun@avenues-ny.org.
Frequently asked questions
Our admissions team stands ready to answer any additional questions you may have that are not answered below. If you don’t find your answer below, please contact I-Hsing Sun, P’24, ’26, Associate Director of Financial Aid and Enrollment Analytics, i-hsing.sun@avenues-ny.org.
How do I receive a need-based scholarship to attend Avenues?
Prospective families apply for financial aid at the same time you apply for admission to Avenues.
Will my child continue to receive financial aid from year to year, including aid to cover tuition increases?
We renew grants based on a family’s demonstrated financial need. Therefore, families must annually update a report of their income, assets, and debts via the Clarity financial aid application. We remain committed to partnering with families to finance an independent school education, but recognize that a family’s ability to contribute toward tuition may increase or decrease depending on their annual reporting. With no change in financial profile, a family can expect their parent contribution toward tuition to increase slightly each year, typically equal to the percentage increase in tuition.
What does “typical assets” mean?
A prospective family’s financial aid scholarship is calculated not only by the annual income of custodial parents but also by factors including assets such as what you own (your house and other investments), what you owe (your mortgage and other debts), the size of your family, and how many of your children are enrolled in tuition-charging schools or colleges. After making allowances for basic necessities, taxes, and certain other expenses, taking into account the cost of living in our area, Clarity estimates what portion of your remaining funds are available to pay school costs.
Which tax year document should I use to complete my financial aid application?
Due to the early deadlines, families applying for financial aid should enter information from their two most recent completed 1040 tax returns (two consecutive years). When prompted on the application to estimate income, please enter your estimated earnings for the current year.
Our family has children in multiple tuition-charging schools; how does Avenues account for these expenses?
When determining a family’s estimated contribution, Clarity takes into consideration the total number of children in tuition-charging schools, including other college, parochial, and independent school programs. These expenses may be more or less than an Avenues tuition, and therefore, the financial aid committee will determine the appropriate percentage of the family’s overall estimated contribution to be allocated to Avenues. Avenues cannot subsidize tuition associated with other schools where financial aid is unavailable, and reserves the right to adjust awards based on any changes to the number of children in tuition-charging schools.
Can my family receive a waiver for the application processing fee?
Yes. If the application fee poses a financial hardship for your family, you may reach out to waiver@avenues-ny.org to request an application fee waiver. Our team is committed to ensuring that cost is not a prohibitive factor in your application. Additionally, if your family qualifies, Clarity will automatically waive application fees for your financial aid application.
How do you determine financial aid priorities?
When the need for aid exceeds Avenues’ resources, the financial aid committee follows a policy that prioritizes awarding funds each year to returning students with aid packages already in place, new students in need of aid, and, lastly, to current students who are new to financial aid. Avenues reserves the right for financial aid grants to reflect the enrollment priorities of the school (e.g. entry grade, class size, socio-economic diversity, immersion language preference).
Do you offer financial aid for other school-related expenses above the cost of tuition?
Yes, financial aid packages extend beyond tuition so that all students can fully enjoy the breadth of our program. Support is offered in several areas, including extended day, summer programs, instrument rental, overnight class trips within the U.S., and study abroad. The level of funding correlates with the same percentage of tuition aid a family received. Enrolling students receive detailed information regarding accessing funding and certain restrictions.
Will my child continue to receive financial aid from year to year, including aid to cover tuition increases?
We renew grants based on a family’s demonstrated financial need. Therefore, families must annually update a report of their income, assets, and debts via the Clarity financial aid application.
We remain committed to partnering with families to finance an independent school education, but recognize that a family’s ability to contribute toward tuition may increase or decrease depending on their annual reporting. With no change in financial profile, a family can expect their parent contribution toward tuition to increase slightly each year, typically equal to the percentage increase in tuition.
We remain committed to partnering with families to finance an independent school education, but recognize that a family’s ability to contribute toward tuition may increase or decrease depending on their annual reporting. With no change in financial profile, a family can expect their parent contribution toward tuition to increase slightly each year, typically equal to the percentage increase in tuition.
If my child enrolls without receiving a financial aid package, can we expect to receive aid in future years?
Generally not. Families who enrolled with no financial aid must wait three years before applying for financial aid, unless a sibling will be joining Avenues New York.
We recognize that unfortunate events can affect a family’s ability to contribute to tuition, and Avenues will work with families to develop a financing plan. If your child does not receive a financial aid award and your family cannot afford to finance full tuition for the remaining years, we strongly recommend that your child not enroll.
We recognize that unfortunate events can affect a family’s ability to contribute to tuition, and Avenues will work with families to develop a financing plan. If your child does not receive a financial aid award and your family cannot afford to finance full tuition for the remaining years, we strongly recommend that your child not enroll.
Does Avenues offer loans?
Avenues does not provide tuition loans.
How do you ensure confidentiality throughout the financial aid process?
Protecting the confidentiality of personal data is one of the most important tasks for our financial aid office. All financial data and subsequent proceedings with Avenues are strictly confidential; only members of the financial aid committee have access to a family’s information. Avenues faculty are not privy to any financial information regarding students.
Families can take steps to ensure confidentiality. Your family should use school-established channels for submitting an application, as well as disputing or appealing a financial aid decision. Additionally, your family should respect confidentiality by not disclosing financial aid outcomes to any other community members.
Families can take steps to ensure confidentiality. Your family should use school-established channels for submitting an application, as well as disputing or appealing a financial aid decision. Additionally, your family should respect confidentiality by not disclosing financial aid outcomes to any other community members.
The financial aid deadline has passed. Can I still apply?
Submitting an application by the deadline is critical, as most funding is allocated soon after the deadline. Families new to Avenues are encouraged to reach out to the admissions office to learn if any funding remains for students. Please note: Late applications for returning families will not be considered for any increase in financial aid. Applications more than one month late will likely result in a reduced award or no award, depending on the availability of funds.
Does Avenues offer a sibling discount?
No. We encourage families who wish to enroll multiple children at Avenues to apply for financial aid.
Divorced, single, or never married parents: what does Avenues expect?
Avenues believes that both parents are responsible for the education of a child. Any legal arrangements or commitments to the contrary are the responsibility of the parents to negotiate between themselves. We will consider the income and assets of both natural parents, even if only one parent is in favor of a student’s attendance at Avenues. If natural parents have remarried, we will also consider the assets of the stepparent, always bearing in mind the primary obligations of that stepparent to his or her own children. Click here for the non-custodial parent info form.
Does Avenues expect both parents to be employed to file an application for financial aid?
The financial aid committee will impute a salary for a non-working parent when there are no preschool-age children or others to care for in the home, and/or no medical or disability issues that prevent the parent from seeking employment.
May I apply for financial aid after my child has been offered admission?
No. We calculate our financial aid grants and budget in conjunction with offers of admission. Both applications should be filed concurrently in the fall.
How is self-employment evaluated in the financial aid process?
All self-employed parents filing for financial aid must submit business tax returns. Avenues reserves the right to request full business filings semi-annually.
Are student assets used in the calculation of financial aid?
All student assets are to be included in the application and will be considered. Certain financial vehicles that preclude family access to the asset must be documented.
Can I appeal the financial aid grant I received?
Families may request reconsideration by the financial aid committee upon receipt of a financial aid decision. The only condition under which an appeal may be filed is if there is new information available for consideration that wasn’t previously known. If there is no new information to be submitted, an appeal will not be considered. A detailed monthly budget of household income and expenses, a letter to the financial aid committee explaining the request for additional aid, and additional documentation of unusual circumstances are required to process appeals. Click here for the monthly budget form.
Can international families apply for financial aid?
International students are eligible to apply for financial aid. Additional documentation may be required by the financial aid committee to verify a family’s ability to contribute toward the cost of education. Though we strive to meet the full demonstrated need of each enrolling student, funding is limited.
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