The tuition for 2019-2020 is $34,550, which represents less than 60 percent of the total cost of a boy’s education at Roxbury Latin. There are no other charges, except that each boy must provide himself with the necessary books and a few personal athletic supplies. Income from the school’s endowment and contributions to the school’s Annual Fund help keep tuition far below other independent school tuitions and more affordable for all families. (Roxbury Latin’s current tuition is about 68% of that of other Boston-area independent schools.)
Roxbury Latin is committed to making an education affordable to all admitted students regardless of financial need. The school provides a comprehensive and generous financial aid program, focused on reaching out to families from a variety of socioeconomic backgrounds. Thirty-six percent of students receive financial assistance. All Roxbury Latin financial aid is based exclusively on need; the school does not offer any merit based awards or student loans. Financial aid awards this year range from $1,000 to $34,350. In addition, the school makes every effort to ensure that each boy can participate in activities that complement the program, such as school trips, by awarding additional financial assistance.
Roxbury Latin uses the School and Student Service (SSS) to evaluate and process financial aid applications. Based on the information you provide to SSS—your Parents’ Financial Statement (PFS) and supplemental documents—SSS calculates an estimated amount your family can contribute toward educational expenses. Every financial aid application is reviewed by the school’s Financial Aid Committee.
For a closer look at typical financial aid awards, please see the case studies below. Please be aware that these are only examples and are meant to provide families with a general idea of their eligibility. Each application for assistance is reviewed and awarded on an individual basis. Families are also eligible to apply for financial assistance for travel opportunities and other additional programs offered by the school. Parents will be asked to complete an additional application form
Case Study 1: One parent household with one child
This is a one parent household with one child. The family income is approximately $90,000. The parent is not a homeowner but has a small amount of savings. This family is expected to contribute $5,000 and receives a financial aid grant of $29,550.
Case Study 2: Two parents both working with a total income of approximately $88,500
This family has two parents both working with a total income of approximately $88,500. There is a total of 4 household members with only one child in tuition charging school. They are homeowners with assets including home equity of $150,000. This family is expected to contribute $1,000 toward the cost of tuition and receives a financial aid grant of $33,550.
Case Study 3: Divorced parents with combined income of $270,000
This family has two parents who are divorced. Each parent is required to complete an application for assistance. The combined income from both households is approximately $270,000. Each household consists of 3 members with 2 children in tuition charging schools. Both parents are homeowners and have combined home equity and non-retirement assets of $325,000. This family is expected to contribute $20,000 toward the cost of tuition and receives a financial aid grant of $14,550.
Case Study 4: Married parents with a combined income of $52,000
This family has two parents working with a combined income of $52,000. There are a total of 5 household members with only one in tuition charging school. They do not own their home and have minimal savings. This family is expected to contribute $200 toward the cost of tuition and receives an award of $34,350. This family is also eligible for a book voucher for up to $500.
Case Study 5: Two parent family of 4 with 2 children in tuition charging schools.
This is a two parent family of 4 with 2 children in tuition charging school. This family has a combined income of approximately $168,000. The family owns their home and has non-retirement assets including home equity of $355,000. This family is expected to contribute $7,200 toward the cost of tuition and receives a financial aid grant of $27,350.
How to Apply for Financial Aid
Parents can complete the Parents’ Financial Statement (PFS) online beginning on October 2, 2019. Financial aid application materials are included in the admission information packet. For more information about how to apply for financial aid at Roxbury Latin, please read this information.
The financial aid application deadline is February 15, 2020. Financial Aid funds may no longer be available for applications submitted after the deadline.
Tuition Payment Plan Options
Roxbury Latin offers its families three methods of payment through Smart Tuition:
- One Payment: Payment in full by June 1.
- Two Payments: First payment due by June 1, second payment due by January 1.
- Ten Payments: Beginning May 1 through February 1.