For many parents, paying day school tuition is a financial challenge. For that reason, we urge parents who feel that full tuition is beyond their means to apply for financial assistance. In these challenging times, Torah Academy deeply believes that financial aid is an essential expression of our values and critical for our families whose circumstances require such assistance.
Torah Academy believes that every Jewish Child deserves a Torah education. During the 2015-16 school, Torah Academy awarded over $1,500,000 in financial aid and an average tuition paid for families receiving aid is is approximately $6,000 per student.
We are committed to working with every family to ensure that their needs are met. All financial matters are held in the strictest confidence. The scholarship program is overseen by the School’s Financial Aid Committee.
To provide a sense of the range of financial assistance awarded at various income levels, a matrix of hypothetical cases shown below based on range of Adjusted Gross Income. Torah Academy recognizes, however, that each family’s case is unique and considers all relevant circumstances in making awards of financial assistance. Please note that these illustrations are not a guarantee of financial assistance in any particular case.
|AGI||Typical Tuition Per Child|
|<$100k||Minimum determined by scholarship committee — $5,000|
|$100 – $199k||$5,100 — $8,600|
|$200 – $299k||$8,300 — $11,000|
|$300k +||See Below|
For families whose AGI is above $300,000 seeking financial assistance, Torah Academy does not have a maximum limit for AGI in the scholarship process. Generally, most families in this category (absent of special circumstances) will participate in the short form financial aid program which provides a tuition discount between 10% – 20%. The “Short Form” is a more streamlined application process than the traditional financial aid process through PSAS. To be eligible for Short Form financial aid: (1) your total annual tuition obligation to TA (excluding capital registration ($300) and capital ($1,500) fees) and to local Jewish high schools must be greater than 10% of your Adjusted Gross Income, and (2) your liquid assets should not exceed $200,000.
Families interested in assistance must fill out a Torah Academy financial aid application.
To access the short form application, please click here.
For more information or for questions, please email firstname.lastname@example.org.