Financial Aid Programs
Schechter is committed to providing tuition assistance to help make a day school education affortable to all its families. In response to the many varied circumstances of familes, we offer an array of assistance programs. We recognize that applying for financial aid can sometimes be confusing. We are eager to speak with parents about our programs and guide them through the process, answering any questions that arise along the way.
Schechter is committed to partnering with families who are ready to make a meaningful contribution toward tuition in accordance with their financial means, and who provide required information in accordance with the financial aid calendar. We evaluate each financial aid application in a fair, consistent and confidential process, taking the time to understand the nuances and unique circumstances of each family. If you have any questions or would like to learn more, please contact Ross Soraci.
Financial Aid Programs
CJP Discover Day School Grant Program is available for the first child in a new family attending a Jewish Day School in Greater Boston and can be combined with Discover Schechter Grant Program and the iCap Tuition Program. We strongly encourage all new families to apply for this program which offers qualifying families up to 25 percent of day school tuition for the first child entering kindergarten through eighth grade. The grant continues for two subsequent years. Please note this program is administered by Combined Jewish Philanthropies and is subject to its eligibility requirements. Parents complete and submit the appropriate forms to CJP as indicated at discoverdayschool.org. Discover Day School may be combined with Discover Schechter or iCap. It may not be combined with Traditional Financial Aid.
Discover Schechter Grant Program is available for new families entering kindergarten through grade 8 with a 2016 adjusted gross income of less than $400,000 and assets below $350,000 (excluding home equity and retirement accounts). This grant program offers a $2,000 grant for each child entering Schechter. The grant continues for each child’s first three years at Schechter as long as your family continues to qualify. Parents complete and submit the appropriate forms to Schechter as indicated. Discover Schechter may be combined with Discover Day School , but may not be combined with iCap or Traditional Financial Aid.
iCap Tuition Program is designed to enable families with children in kindergarten through eighth grade to anticipate their maximum future tuition obligation and confidently enroll their children at Schechter year after year, regardless of the number of children in each family. iCap provides a tuition cap equal to the lesser of full tuition or 15% of family income for eligible families. To apply for iCap, parents complete and submit the appropriate forms to Schechter as indicated. iCap Tuition may be combined with Discover Day School, but not with any other financial program.
Traditional Financial Aid Grant Program is for families who need assistance meeting the full tuition obligation. Traditional financial aid is based primarily on the family’s prior year income and overall financial situation. Financial Aid is granted one year at a time. All families, regardless of financial circumstances, are expected to contribute toward their child(ren)’s education. To determine financial need, Schechter works with Independent School Management (ISM), a consulting firm and processor of financial aid applications for independent schools across the country. Traditional Financial Aid may not be combined with any other application.
Discover Schechter | iCap Tuition Credit | Traditional Financial Aid | Form 4506