Affording An Oakwood Education
Oakwood seeks to admit talented and motivated students, regardless of family resources. Oakwood believes that economic diversity enriches the educational environment and opportunities for all our students. Therefore, families that feel the full tuition cost is out of their reach should not hesitate to visit or apply to the school. The Oakwood administration is here to help you determine the best tuition options for your family in regard to this very important educational investment.
Need-Based Financial Assistance
Oakwood encourages families to apply for financial assistance when needed. Financial Aid helps close the gap between the costs of attending and a family's ability to pay, as determined by a third party evaluation through Independent School Management/FAST. Oakwood's financial aid is need-based. Financial aid is awarded annually in the form of grants.
Financial Aid grants do not cover 100% of the cost of attendance at Oakwood. Every financial aid recipient is required to pay at least 10% of the full tuition cost of educating a student at Oakwood. All families are expected to contribute to the cost of their student’s education. Grants are based on a family’s ability to meet educational expenses, not on its willingness or unwillingness to pay. Awards are also based on funds available and the number of applicants at each grade level.
Financial Aid is limited to families of students in grades 6–12. Approximately 10 percent of the students at Oakwood receive some financial assistance. Although the School's resources do not allow us to meet all requests each year, no student should hesitate to apply for Admission because of limited financial resources. See F for more information about how decisions regarding Financial Aid are made.
Although admission decisions are made independently from Financial Aid evaluations, families should indicate interest in Financial Aid to the Director of Admission or to the Director of Financial Aid as early as possible. The two processes are conducted separately yet simultaneously so that, if a student is offered admission, the Financial Aid decision can be presented at the same time.
Financial Aid Application Process and Deadlines
Families who wish to apply for financial aid must complete the following in a timely fashion.
Call the Director of Financial Aid, Regenia Jones, if you have not received a financial aid brochure.
Complete the on-line financial aid application. .
Send completed, signed copies of the family's last two Federal Income Tax Return (including all relevant schedules) to the Director of Financial Aid at Oakwood.
Financial aid decisions will be provided along with admission decisions. Families are given two weeks to accept their financial aid award. If they have questions about the award, families should be in touch with the Director of Financial Aid immediately.
For more information about Financial Aid at Oakwood and links to forms, please see Frequently Asked Questions.
Financial Aid Policies
Oakwood will treat as confidential all financial information provided by families. Only those people directly involved in the Financial Aid decision-making process will review this information. For operational purposes, members of the Admission and Business Offices will be aware of Financial Aid award amounts, but not the details of a family's financial circumstances. The identity of all students on Financial Aid will be held in confidence and restricted to the smallest number of people possible.
In return, we ask that parents not share with others the particulars of awards received. Although we apply consistent standards and policies across many families, each family's circumstances are unique. Therefore, award amounts are based on individualized analyses. False assumptions and expectations are often created when families share details of financial aid awards. Willful breaches of this confidentiality agreement may necessitate a review and potential repeal of financial aid awards.