Profile of Previous Financial Aid Class - Concord Academy
Profile of Previous Financial Aid Class 1

Concord Academy’s need-based financial aid program enables the school to enroll students whose families are unable to afford the full cost of attendance, awarding need-based grants ranging from $1,000 to the full tuition.

Concord Academy offers a comprehensive, need-based financial aid program. Each year, demand for financial aid exceeds the supply. If we are unable to offer financial assistance to an admissible student, that student may be placed in the admissions wait pool.

FINANCIAL AID BUDGET 2019-20
Total Grants $5,000,000
Other Grants $190,000
Total Budget $5,190,000
FINANCIAL AID RECIPIENTS 2019-20
9th Grade 27
10th Grade 32
11th Grade 22
12th Grade 25
Total 106

Applicants for and recipients of financial aid include students whose annual family income ranges from below $21,000 to over $200,000. The chart below shows the total number of applicants who filed financial aid applications for Concord Academy through the School and Student Service for Financial Aid (SSS) for the 2019–20 academic year, by income range; the numbers of those applicants who qualified for financial aid according to SSS guidelines and Concord Academy’s policies; and the numbers of Concord Academy’s current financial aid recipients and their average family contribution.

GROSS INCOME CA AVERAGE
FINANCIAL AID GRANT
<$29,999 $62,600
$30,000-$59,999 $61,400
$60,000-$89,999 $55,000
$90,000-$129,999 $45,100
$130,000-$159,999 $38,300
$160,000-$189,999 $38,300
>$190,000 $24,000

Financial need is determined taking into consideration many factors including income, certain expenses, assets, allowable debts, family size, age of the parents, and the number of children attending tuition-charging schools and college.

Because the figures in the chart above show income as the only factor, they may be used only as a general guide. Other family financial circumstances will result in higher or lower family contributions.