Cost should never be a barrier to a Deerfield education. 37% of Deerfield students receive financial aid. The average boarding grant size is $54,600 and 83% of the total cost of tuition and fees.
As you consider a Deerfield education, please use the Financial Aid Estimator to
better understand what financial aid looks like for families similar to yours.
Select your income and family size to see how financial aid supports families like yours:
The Financial Aid Office at Deerfield works to meet your family’s need for assistance. Using a need-based analysis, we determine what your family can afford, taking into account such important factors as income, assets, cost of living, family size, and siblings in tuition-charging schools. Our calculation allows us to be generous and makes Deerfield a possibility for 37% of our total student population.
Every family has their own set of financial circumstances. We review each case and consider all factors to make sure that our grant amount is fair and equitable. The chart to the right may help to give you an idea of what grants look like at Deerfield for families that qualify for assistance.
|Family Income||Avg. Family Contribution||Family Contribution|
There are no specific income levels that determine aid eligibility. We look at both income and family circumstances when determining financial need.
Deerfield provides grants based on financial need only. We do not offer financial aid on the basis of athletic or academic performance, or any other merits.
Financial Aid grants are reviewed annually. Once admitted, we strive to assist a family at a consistent level throughout their time at the Academy. If things change and a family has an unexpected circumstance (job loss, divorce, death in family, etc.) we review each case on an individual basis and, budget permitting, adjust accordingly. Likewise, we will decrease grants when families have a change in circumstance that allows for an increase in disposable income.
Possibly. Deerfield has a generous financial aid budget. However, it is limited, and therefore we cannot accept all admissible financial aid applicants.
No. Deerfield grants are outright awards based on financial need. There is no repayment required.
Yes. Some students receive assistance with additional expenses such as airfare, books, laundry, and laptops. Other benefits may include music and dance lessons as well as Athletics and Global Studies travel.
SSAT Domestic: $139
SSAT International: $269
ISEE: $120 – $200
Fee waivers are granted on the basis of financial need. In order to be considered for a waiver, the Candidate Profile must be completed. Click HERE to apply for an application or testing fee waiver.
School and Student Services has established their own Fee Waiver Guidelines. SSS will automatically grant a Waiver if you fall within their qualifying income guidelines.
More information about independent school financial aid and how to apply for ’21 – ’22 aid through SSS may be found here.
SUBMIT YOUR PARENT FINANCIAL STATEMENT (PFS)
School Code 2770
U.S. APPLICANTS will be required to submit signed copies of your 1040 tax forms, including all schedules and W-2 forms, for 2019 and 2020. All tax information must be uploaded to the SSS website. We do not require 2021 tax forms.
CANADIAN APPLICANTS will be required to complete the PFS. We also ask families to complete the International Student Financial Aid Profile. Please provide 2020 tax returns and schedules and 2020 T4’s. All documents, including the profile, should be sent to SSS, not Deerfield Academy.
INTERNATIONAL APPLICANTS will be required to complete the PFS. We also ask families to complete the International Student Financial Aid Profile. If you file a tax return with your government, we need a copy of the most recent year. If you file with the Internal Revenue Service of the U.S., we need your 2020 IRS 1040 form as well as W-2(s) and all schedules for 2020. If no tax forms are available in your country, we need a notarized statement from all employers as to your income and other benefits. Please send the Profile and any documentation to SSS, not to Deerfield Academy.
September 1 – January 15
Parent Financial Statement (PFS) and all tax and income documentation must be submitted to SSS.
Deerfield sends notification of admission and financial aid decisions.
For more information about applying for financial aid:
Deerfield meets 100% of the demonstrated financial need of each admitted family. This year we will provide over $12,000,000 in financial aid grants to families at Deerfield, including funds to cover tuition and supplemental expenses.
When a student is accepted at Deerfield, families will be asked to confirm enrollment by returning their Enrollment Agreement and Tuition Deposit. Deposits are non-refundable and will be credited to the first tuition bill.
While the Academy traditionally bills tuition twice yearly, in July and November, families may subscribe to a monthly payment plan offered through FACTS. This option allows for the convenience of monthly payments over a nine month period. There is a small enrollment fee and no interest charges for this plan.
Melissa Persons P’16, P’19, P’21, is the Director of Financial Aid at Deerfield Academy. Melissa attended Miss Porter’s School and graduated from St. Michael’s College with a degree in Business Administration. Her experience in Finance began at Walt Disney World and also includes time at Blue Cross BlueShield of New Hampshire.
If you have any questions about the financial aid process or affording a Deerfield education, please do not hesitate to reach out.