Affording Hopkins

Financial Aid @ Hopkins

Hopkins has a long standing tradition of helping families attend the School with some financial assistance. This year, more than $3.8 million supports qualified students who otherwise would not be able to attend and pay the full tuition, and currently about 20% of the student body receives some tuition assistance. Because each family is unique and financial circumstances vary so widely, no strict formula determines the amount of need. Instead, the Financial Aid Committee proceeds on a case-by-case basis.

Financial Aid Breakdown By Adjusted Gross Income*

Average Financial Aid Award

* This is an approximation based on information for the 2015 tax year for the 2016–2017 school year. Aid to families with higher AGI (i.e. $200K+) typically reflects multiple tuition obligations. These figures change each year, but typically 20% of our students receive financial aid from a budget of more than $3 million.
Tuition for the 2016–2017 school year is $41,000.

Need-Based Awards and Merit Scholarships

Hopkins' financial aid program is need-based. That means that when a family demonstrates need, the School attempts to offset the cost of a Hopkins education relative to that need. Hopkins meets 100% of demonstrated need as determined by the Financial Aid Committee.

Through a generous grant from the Malone Family Foundation, Hopkins awards one need-based scholarship that also has a merit component. Students who are in the top 5% of their class at their current school will automatically be considered for this prestigious award if they also qualify for need-based aid and meet several other criteria. No other application process is necessary. To learn more about the Malone Scholarship, please click here.

Hopkins does not award any athletic scholarships.

Timing and Process for Financial Aid

Families apply for financial aid at the same time as they apply for admission, and financial aid applications have the same January 15th deadline. A completed financial aid application consists of the Parents’ Financial Statement, also known as the PFS and available at sssbynais.org, and income tax returns for the current year, as well as the past two years. After reviewing this information, the School will make an award to admitted students based on their need as determined by the Financial Aid Committee. The award is in the form of a grant, not a loan, and does not need to get paid back to the School.

Annual Application and Commitment

Although an application for financial aid is necessary each year a child is enrolled at Hopkins, families can expect continuing assistance in generally the same percent of tuition as originally awarded, as long as a family’s financial circumstances remain fairly consistent. Changes in employment, number of children in the family, and/or number of children in tuition charging schools may all impact a financial aid award and are taken into consideration each year by the Financial Aid Committee.

Similarly, a family who does not apply for financial aid during the Admissions process may not be eligible for assistance in subsequent years unless there is a significant change in the family’s financial circumstances from when they first applied.