Tuition and Financial Aid

“Education is the most powerful weapon which you can use to change the world.”
– Nelson Mandela

An investment in an MBS education powerfully prepares our graduates for their futures, wherever those paths may lead. As a school, we dedicate ourselves toward helping these young women and men grow and evolve into their best selves. By inspiring these young hearts and minds to think in a forward-thinking, globally conscious way, Morristown-Beard School makes a lifelong impact at a vital time in our students’ lives.

Morristown-Beard School offers students like Ryan an academic environment that features small class sizes (8-12 students per class), learned faculty (71% who hold advanced degrees, including 19% who are PhDs), and a rigorous–yet balanced–student experience. We recognize that tuition represents a significant investment, and that’s where financial aid can help. By reducing the annual tuition for students who qualify for financial aid, MBS seeks to empower families to make well-reasoned decisions during the admission process.

Financial Aid Awarded,
2017-2018
$3,300,000

2018-2019 Total Cost of Attendance
Upper School $42,185
Middle School $40,610

TUITION PAYMENT PLANS

MBS families may select one of three payment plans offered through Tuition Management Solutions. A ten-month plan beginning July 1 allows for equal payments to cover the cost of one year's tuition. There is a $50 non-refundable application fee, and participation is on an annual basis. Families may also opt to pay in two installments - 60% of tuition due July 1 with the remaining 40% to be paid by November 1, or 100% of tuition due on July 1. There is a $10 fee associated with the two installment plans.

FINANCIAL AID

Morristown-Beard School is committed to upholding our tradition of enrolling a qualified and diverse population. Admission is granted without regard to a candidate's ability to pay, with our financial aid program therefore serving as a vehicle for strengthening the student body and enriching the experience of all MBS students.

Financial need is defined as the difference between the cost of an education and a family's ability to contribute to that cost. We believe that parents have an obligation to provide for their child's education to the extent that they are able, and therefore utilize the services of TADS to help determine a family's eligibility for financial aid. Several factors including income, assets, liabilities, and the number of children in tuition-charging schools are taken into consideration. In order to apply, families must complete the TADS application, and file copies of the 2016 and 2017 IRS Form 1040 with all schedules and W-2s with TADS by the deadlines listed below.

In accordance with Morristown-Beard's Financial Aid Policy and Procedures, parents who are divorced, separated or have never been married are both required to file with TADs and provide all required supporting tax documents. While families must reapply for aid each year, unless there is a significant change in demonstrated need, we are committed to continuing support at the original level of funding. Due to the complexity of the financial aid formula, we are unable to provide analysis without a full application; however, we encourage all families who believe that they may be eligible to apply. Please do not send any financial documents to MBS. All paperwork must be submitted directly to TADs.

MORRISTOWN-BEARD SCHOOL MERIT SCHOLARSHIP

Morristown-Beard School is pleased to present a new Merit Scholarship which will be available starting in 2018-2019. This scholarship will be awarded to two (2) academically talented 6th grade students. $10,000 will be awarded annually to each student and will be granted each year the student attends Morristown-Beard School.

Eligible candidates must have an excellent academic record, and must also demonstrate a passion for leadership and service in their current schools and/or communities. A completed Admission Application addendum and separate recommendation are also required. Links to both documents are below.

Addendum Form

Recommendation Form

If you are interested in learning more about eligibility, please contact Meg Ahern, Director of Middle School Admission and Financial Aid, at (973) 539-3032 ext. 583.

REQUIRED MATERIALS AND DEADLINES

For all families applying to Financial Aid, please adhere to the following deadlines:

TADS Online Application	December 31
4506 Form (signed but not dated)	February 18
2016 and 2017 W-2s	February 18
2016 and 2017 US 1040s	February 18
2016 and 2017 Business P&L and Balance Sheet (if applicable)	February 18

Please submit all required documentation directly to TADs. Do not send any documentation to Morristown-Beard School.

TADS
1201 Hawthorne Avenue, Suite 100
Minneapolis, MN 55403
1-800-477-8237
www.tads.com

Interested in MBS? Click here to request more information!

The Value of an MBS Education

“I didn’t fully understand–until now–how well Morristown-Beard prepared me for my college experience. It’s been eye-opening. For example, my English and history classes last semester here at the Naval Academy weren’t any more difficult, or writing intensive, than my classes at MBS. It’s made my transition to college, which includes my participation in a Division I varsity sport, easy and fun.

I definitely miss Morristown-Beard! It’s actually pretty cool that I haven’t met a classmate here at the Naval Academy who enjoyed their previous school experience more than I did. The student experience was challenging, but definitely balanced… There’s really no place like MBS!”

Ryan Waters ’17
Midshipman, US Navy