Tuition and Financial Aid

Milton Academy looks at many factors in assessing “need,” which Milton defines as the difference between the total cost of attendance (tuition, books, etc.) and a family’s ability to pay that cost. The need assessment is based upon income and family expenses, assets and liabilities, family size, cost of living and the number of children for whom a family must pay tuition. 

Milton expects that all parents who seek aid are employed, unless they are caretakers for children under the age of five, provide live-in care for an elderly dependent, or have a prohibitive disability. In the case of divorced or separated parents, both parents are required to complete financial aid applications, and the income and assets of both parents (and new spouses, if any) are taken into consideration. Although families must reapply for financial aid each year, a family should expect that grants would be renewed at the original level of funding unless there is a significant change in demonstrated need.

It is our sincere hope that families are not discouraged by the costs of independent education or by the process of applying for financial aid. If you are uncertain about your eligibility or have questions about the process, we encourage you to contact the Office of Financial Aid at 617-898-2239.

Financial Aid Frequently Asked Questions

Download the Financial Aid Brochure

January 31: Final date for parents/guardians (and any other adult living in the applicant’s primary residence) to complete and submit the financial aid application.

March 10: Milton sends preliminary financial aid assessment with the offer of admission.

Financial aid is available to applicants who are not American citizens or legal permanent residents of the United States. To be considered for financial aid, you must submit the financial aid application. In addition, you should submit 2024 and 2025 tax documents, including a translation into English where appropriate. You must also submit:

• a letter from your employer specifying the terms of your employment
• a certificate of finance from your bank(s) stating all bank account balances
• a copy of your November and December 2026 bank statements.

Milton will review your aid application each year; you must reapply by December 15. If there is no significant change in your family’s financial situation, you can expect a comparable aid assessment from year to year. Milton will not review aid applications for the upcoming year prior to the full payment of your tuition and fees for the current academic year. Financial aid awards will be communicated along with your enrollment contract in early spring.

You must apply by December 15 and demonstrate that your financial circumstances have changed significantly since your initial enrollment. A cover letter explaining your change in circumstances must be submitted to the Director of Financial Aid by this deadline as well.