Affording Hopkins

Financing a Hopkins Education

We recognize the cost of an independent school is a substantial investment and appreciate the sacrifices families make for their children to benefit from a Hopkins education.

This year we awarded more than $5 million in grants. These are not loans and do not have to be paid back. We also provide assistance for supplemental costs beyond tuition. Books, transportation and laptops are considered when an initial award is made and may be included as appropriate.

Lunch is provided for all students. Additional funds are available to cover other non-tuition costs, such as field trips, if needed.

For families with an income at, or below, $75,000, Hopkins may be tuition-free. We are committed to making Hopkins possible for families from a wide range of socio-economic backgrounds. Each family is unique and financial circumstances can vary widely. The Financial Aid Committee makes decisions on a case-by-case basis, and seeks to partner with families to make a Hopkins education possible. We meet 100% of our admitted students demonstrated financial need.

Tuition Costs

Tuition for 2021–2022 is $47,200 plus a $420 fee. Additional expenses range from $900–$4,500 for books, transportation and incidentals.

For 2021–2022, the average annual award for a Hopkins family is $29,544 and families who receive financial aid, on average, receive a 63% reduction in tuition costs.

Financial Aid Process

Completed between October and January 15

Frequently Asked Questions

List of 7 items.

Does Hopkins offer merit or athletic scholarhips?
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The Malone Family Foundation supports a need-based scholarship that also has a merit component. Students applying for financial aid are automatically considered for this award and no additional application is required. To learn more about the Malone Scholarship, please click here.

Hopkins does not award any athletic scholarships.
Does my family quality for a fee waiver?
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Fee waivers can be granted for the Admission Application through SAO or Gateway, or the SSAT or ISEE by calling the Admission Office at (203) 397-1001 x212.

For the Financial Aid application, SSS determines fee waiver eligibility. If you are eligible, a waiver will be automatically applied.
How does financial aid work after the first year?
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Families need to apply for financial aid each year, but can expect to receive a grant equivalent to the same general percent of tuition as originally awarded, as long as the family’s financial circumstances remain consistent. Changes in employment and/or number of tuition obligations may impact an award.
How is financial aid eligibility determined?
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In making decisions, the Financial Aid Committee uses the professional services of School and Student Services (SSS), which provides objective analysis and assistance to independent schools and their families across the country.

The Committee carefully analyzes a family’s SSS application, taking into consideration the individual circumstances affecting a family’s request for assistance, a family’s available resources to assist with tuition such as income, assets, and liabilities, and the school funds available for financial aid in a particular year.
What documents are required in support of the PFS?
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All documents should be submitted directly to SSS by January 15.

To apply for financial aid for the 2022-2023 school year, we require the following additional documents:
- a complete, signed copy of the parent(s) 2020 federal and state income tax returns with all schedules filed and the W-2 Wage and Tax Statements and/or Form 1099s and/or K-I form(s)
- a copy of the parent(s) December 2021 payroll form and a copy of the parent(s) 2021 W-2 form upon receipt
- a current mortgage and/or home equity loan statement that provides the payment amount and/or most recent balance, or a copy of the rental lease that provides the monthly payment amount;
- verification of tuition payment(s) to other schools, if applicable;
- a copy of the parent(s) most recent 401k/403b statement, if applicable;
- a copy of the parent(s) most recent bank/brokerage account(s) statement(s), if applicable
When are students and families notified of financial aid decisions?
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If admitted with a financial aid award, an applicant will know both decisions at the same time.
Will applying for financial aid affect my chances for admission?
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If you believe you will need financial aid to attend Hopkins, you should apply, as financial aid will not be available post-admission for the year in which you are admitted, or in future years absent a significant change of circumstances. However, students who apply, and qualify, for financial aid are in a more competitive situation for admission.