Financial Assistance

At KO, our aim is for our families to achieve their child’s educational goals. We work hard to expand financial assistance opportunities. Browse here to about our financial assistance application process and deadlines, helpful information and tips, and browse our FAQs. 

KO also has Scholarships available that are both need-based and merit-based.

Financial Assistance Timeline

October 2: Parent Financial Statement (PFS) Processing Season Opens
You may begin to work on your PFS. It is critical to meet all deadlines throughout this process.

October 30: PFS Filing Deadline (Current KO Families)
Families seeking priority consideration for financial assistance must complete the online Parents’ Financial Statement by this deadline.

February 1: PFS Filing Deadline (Prospective families)
Families seeking priority consideration for financial assistance must complete the online Parents’ Financial Statement by this deadline.

March 10: Financial Assistance Award Notification
Financial assistance decisions are mailed along with admission decisions to applicants whose files were complete by February 1.

April 10: Enrollment & Financial Assistance Award Acceptance Deadline
Families are required to notify KO of their intent to accept a financial award in conjunction with their decision to enroll.

Payment Plans

The School has partnered with Smart Tuition, a third-party company, to make paying tuition convenient. Three primary payment options exist for the 2022-23 academic year:

• 1 payment* – due by June 2023

• 2 payments* – due by June 2023 and November 2023

• 10 payments* – due each month beginning May 2023 through February 2024 

*Families can select from a few pay date options within the month(s)

Please review the Smart Tuition brochure for payment details and frequently asked questions. 

Loan Programs

The following loan providers offer options beyond the available payment plans above. When it comes to paying for secondary school education, Your Tuition Solution has a program that may meet your needs. Please contact them for more information:

    Your Tuition Solution
    2 Park Central Drive, Suite 110
    Southborough, MA  01772-1777
    800-920-9777 or 508-281-8505

Rolling Applications

Families who begin the financial assistance process after February 1 are encouraged to apply as soon as possible. Available funds are limited at this time. However, it is not unusual for some financial aid funds to become available after the initial awards are offered.

To whom do we direct our questions about financial assistance?

Any member of the Admission Office staff would be happy to answer general questions about financial assistance. For answers to more detailed questions, please contact Alan Comrie Director of Financial Assistance or Amy Bosco Financial Assistance Coordinator.

How much money can a family earn and still apply for financial assistance?

It depends. Your family’s unique financial circumstances, including factors such as income, assets, debt and the number of children enrolled in tuition-charging institutions, play an important role in determining if you qualify for financial assistance. If you have more specific questions about your eligibility, please feel free to contact:
Alan Comrie Director of Financial Assistance or Amy Bosco Financial Assistance Coordinator.

If we apply on time and are accepted and receive financial assistance, do I automatically receive a financial assistance award?

No. Each year, despite KO’s generous financial assistance budget, the demand for financial assistance exceeds available funds. The Admission and Financial Assistance committees determine which applicants receive aid based on the availability of funds and our enrollment needs. Each year the committees place a small number of students on a financial assistance waiting list.

If we receive a financial assistance award the first year, do we automatically receive financial assistance the following year?

Yes, assuming you still demonstrate financial need. All families receiving financial assistance must file a new PFS with SSS by October 1 of each year. KO attempts to keep a family’s award at a similar level each year as long as no major changes have occurred in a family’s financial situation during the previous year.

If my child enrolls at KO without receiving financial assistance, can we apply for aid in a subsequent year?

You are welcome to apply. However, there is no guarantee that an award will be made in subsequent years. In most situations, KO makes every effort to respond to a family’s financial need, but it is unlikely that we will be able to meet your full need for several years due to budgeting constraints.

If parents are divorced, who must submit financial information for financial assistance?

KO requires that both the custodial and the noncustodial parent (or both co-custodial parents) complete and submit to SSS a PFS for review. Each parent will need to complete a Parent Financial Statement and upload all required tax documents to the School and Student Service for Financial Assistance Portal

What if only one family member earns an income?

To ensure equity in the analysis of each family’s financial circumstances, an income for the nonworking parent may be imputed unless a medical condition exists that prohibits a parent from working or the parent must remain at home to care for children or an ill or disabled parent.

What is the difference between tuition and the cost of attendance?

The cost of attendance includes tuition plus the following:

• Activity fee 

• Books 

• Athletic fees 

• Transportation costs 

• Class field trips/school trips/various programs

What is PFS, SSS, and RFC?

There are several common abbreviations in the financial assistance process

• PFS – Parents’ Financial Statement 

• SSS – School and Student Service for Financial Aid

• RFC – Report of Family Contribution 

• FC – Family Contribution 

• FN – Financial Need

How do I complete the PFS?

Go to School and Student Service for Financial Assistance Portal and login to complete or update your PFS

Under Welcome to the Parents’ Financial Statement (PFS) Online click Create an Account

Enter SSS code: 4414
Enter state: Connecticut

Are international families eligible for financial assistance?

International families are not eligible for need-based financial assistance at this time.

Are there additional fees for international students?

Visit our international student page for more details

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