What is Variable Tuition?
Variable Tuition is a need-based tuition assistance program similar to those used by many private schools, colleges, and universities. This program allows families to apply for reduced tuition that is right for their financial situation. This makes a Master's School education affordable to many qualified students who could not otherwise join our school community.
How Does Variable Tuition Work?
Any family (current or new) of a early kindergarten through grade 12 student may apply for Variable Tuition if they are concerned about affording the full tuition rate at The Master's School and they think they may qualify for the program. Many factors are considered when determining the tuition amount a family is able to pay, including income, assets, unusual expenses, and the size of the family. The resources available for the family in a given year must also be considered in light of the Variable Tuition awards available at The Master's School.
An application for Variable Tuition does not affect the re-enrollment or admission process. Regardless of financial need, parents should initiate the re-enrollment or admission process as early as possible. Families may apply for Variable Tuition only after they have applied for re-enrollment or admission to the school.
It is not possible for a family or the school to estimate the tuition level for which a family qualifies without the completion of a Variable Tuition application. Applications are submitted directly to SmartTuition, a third-party agency. SmartTuition evaluates the application based on criteria set by the school and makes a recommendation to the school’s Variable Tuition team. Families are notified of the tuition level for which they qualify from the school’s financial office.
Unfortunately, the school is not able to provide Variable Tuition to every deserving student. We work within the available resources to make the school accessible to as many students and families as possible.
Do I need to apply to The Master's School to receive confirmation of my Variable Tuition?
Upon completion of my Variable Tuition application, when will I receive confirmation of my Variable Tuition?
Typically within two weeks of providing all required information to our confidential third party service.