AFFORDING MARK DAY SCHOOL

We believe that diversity, in its many dimensions, is a prerequisite for excellence. A diverse community enriches the experience of students, families, and faculty and allows us to be a stronger, more vibrant school--we become better thinkers, better collaborators, and better friends.

We know that sustaining diversity depends on an inclusive community and that creating an inclusive environment is our shared responsibility. We are committed to enrolling a socio-economically diverse community of families, and we work individually with families to help make our school an affordable option through Indexed Tuition, which takes into account their ability to pay. Currently, tuition for kindergarten through 8th grade ranges from $125 - $32,218. Tuition does not include fees, which are also indexed. Approximately 23 percent of our current families pay tuition below the top of the index.

How to Apply to Pay Below the Top of the Index

To apply to pay tuition below the top of the index, we ask families to register with School and Student Services (SSS) by the National Association of Independent Schools, starting on November 1, 2018 and follow the procedures outlined on the SSS website, including submitting the Parent Financial Statement (PFS) and other required forms. SSS uses the information to evaluate a family's ability to afford tuition. The Mark Day School SSS School Code is 6729.

Notification of Indexed Tuition determinations are emailed and mailed in March along with admission decision letters. Although decisions about admission and Indexed Tuition are made at the same time, the two processes are separate.

The general timeline is as follows:

January 18, 2019: deadline to submit SSS application
February 16, 2019: deadline to submit 2018 tax returns to Mark Day School
March 20, 2019: notification of tuition determinations emailed with acceptance letters

Indexed Tuition Ranges Based on Sample Financial Profiles

Mark Day School tuition ranges from $125 to $32,218, based on each family's unique financial profile. Our mission is to create an inclusive community, and we are committed to building and supporting a socio-economically diverse student population.

Assumptions and Guidelines:

  • Every student's tuition is indexed to some degree, as tuition at the top of the index does not cover the total cost of educating a student at Mark Day School.

  • The school works with families individually and respectfully, maintaining confidential information carefully.

  • Applications must be complete before indexed tuition for the following year is final.

  • Families apply each year and tuition may be adjusted (up or down) depending on a family's demonstrated need.

  • Both parents work when all children are of elementary school age.

  • Financial information is received from both custodial parents/guardians in divorced/separated families.

  • In addition to curricular and co-curricular programs, extended day care (before and after school club), book and activity fees, outdoor education and technology fees are indexed.

  • The Indexed tuition budget is comprised of funds from the annual operating budget as well as income from endowment.

To learn more and apply to pay tuition below the top of the index, please contact Wendy Broderick 415.472.8000 x1031 or wbroderick@markdayschool.org.

Examples of average household incomes and the average tuition:

FAMILY 1

Gross Taxable Income: $50,000
Home Equity: No
Savings/Investments: No
# of children in tuition-charging schools: 2
Tuition per student: $300

FAMILY 2

Gross Taxable Income: $90,000
Home Equity: No
Savings/Investments: Yes
# of children in tuition-charging schools: 2
Tuition per student: $2,000

FAMILY 3

Gross Taxable Income: $130,000
Home Equity: Yes
Savings/Investments: Yes
# of children in tuition-charging schools: 1
Tuition per student: $18,000

FAMILY 4

Gross Taxable Income: $200,000
Home Equity: Yes
Savings/Investments: Yes
# of children in tuition-charging schools: 1
Tuition per student: $26,500

FAMILY 5

Gross Taxable Income: $300,000
Home Equity: No
Savings/Investments: No
# of children in tuition-charging schools: 2
Tuition per student: $26,500

FAMILY 6

Gross Taxable Income: $400,000
Home Equity: Yes
Savings/Investments: Yes
# of children in tuition-charging schools: 2
Tuition per student: Top of the index