Financial Aid FAQs
Financial aid at OES consists of tuition grants. All awards are based solely on a family's demonstrated need as determined by the calculations provided by School and Student Services (SSS) and OES’s own financial aid guidelines and practices.
Financial Aid awards are grants and, therefore, do not need to be re-paid. Financial aid is school-financed with all money coming from the OES budget, not from the government or any other outside organization.
Below are frequently asked questions for families exploring Financial Aid.
Will I Qualify?
Financial situations vary so widely among families that we can only assess eligibility with a completed application. Below are average awards and tuition paid for the
2017-2018 OES Financial Aid recipients.
- One child at OES (no other children in tuition charging schools)
- Two or more children at OES (or another tuition charging school/college/daycare)
Families with only one child at OES (and any siblings do not attend a tuition charging school/daycare) often qualify for aid with incomes up to $150,000. Families above this income threshold may want to contact our office to determine if other circumstances in their financial picture may qualify them for an award.
$0 - $51,999
Average award covers 90% tuition; Average tuition = $2,911
$52,000 - $89,999
Average award covers 74% tuition; Average tuition = $7,125
$90,000 - $150,000
Average award covers 37% tuition; Average tuition = $18,840
Families supporting two or more children at OES (or one child at OES and another in a tuition charging school/college or daycare) and incomes up to $250,000 should consider applying for financial aid. If one of your children is attending another private school and/or college, you are required to also apply for financial aid at the other institution.
$0 - $51,999
Average award covers 93% tuition; Average per student tuition = $1,815
$52,000 - $89,999
Average award covers 84% tuition; Average per student tuition = $4,689
$90,000 - $149,999
Average award covers 57% tuition; Average per student tuition = $11,216
$150,000 - $189,999
Average award covers 30% tuition; Average per student tuition = $19,350
$190,000 - $250,000
Average award covers 28% tuition; Average per student tuition = $22,880
- What is “demonstrated need”?
- Does the school ever give out a full financial aid award to cover 100% of the cost of tuition?
- I am an international student applying for the boarding program, can I apply for financial aid?
- Do I have to re-apply for financial aid each year?
- When will I receive a decision regarding financial aid?
- Who has access to my financial information?
- Beyond financial aid at OES, are there scholarships available?
Families applying for financial aid should be guided by the principle that the primary responsibility of financing a child’s education rests with them, not with the School. Financial aid is not intended to cover 100% of the cost of tuition. Families who choose an independent school place a high value on their child’s education and these values are generally reflected in lifestyle choices that permit the use of some of their discretionary resources for the cost of education.
OES offers limited financial aid for international students. While the financial aid application we use is designed primarily for families who live and reside in the United States, OES still requires international families to submit the Parent Financial Statement and documentation of income and taxes paid by the deadline. We recognize that cost of living varies widely between countries, so we ask international families to complete this additional form so that we gain a better understanding of expenses.
When an international student is budgeting for expenses, they should anticipate purchasing the student health insurance plan (approximately $2,200 annually) and provide their own transportation to/from campus.
Yes. Because a family's financial circumstances are subject to change, we require reapplication for financial assistance every year. However, if your family situation remains relatively the same you can expect relatively the same percentage of financial assistance, understanding that tuition is likely to increase each year.
IEA’s Caroline D. Bradley Scholarship offers the only merit-based, need-blind high school scholarship to highly gifted students across the United States. Current 7th grade students, residing in the United States are eligible. Please see the IEA's website for detailed information on the application process. The deadline is typically in April of a student's 7th grade year.
- I am separated/divorced, how will my finances be considered in the financial aid application?
- What if my child’s non-custodial parent is not willing to do the financial aid application?
- I’m a stay-at-home parent and do not work outside the home; how will this impact our financial aid award?
- My family situation seems unique, who should I contact to review my situation?
If the non-custodial parent has had little or no contact with the child for a period of two years, and provides little to no financial support, the requirement for participation may be waived. The school requires a written statement from a non-family member who is aware of the family situation in a professional capacity. This might include the family lawyer, social worker, teacher, member of the clergy, or physician.
If the non-custodial parent is providing financial support and/or is in contact with the child, OES requires their participation. Amounts of financial aid granted will be determined by the parents' ability to pay, not by their willingness to pay.
There are many wonderful reasons for being a stay-at-home parent, and this decision is one deeply rooted in family values and a lifestyle choice. When all children are school-aged and there is no clear reason for a parent not to be working, OES will impute a predetermined income figure into the calculations. This allows us to treat stay-at-home parent families equitably with a family in which both parents work. We do not impute income if one parent is disabled and cannot work, or if the parent is caring for an infant/toddler, or a disabled child in the home.