Financial Aid Overview

The Spence School has made a strong commitment through the financial aid program to reach out to students who show intellectual promise regardless of their economic situation. Financial aid allows enrollment of the best students across the socio-economic spectrum and helps create a more diverse student body. It makes for a teaching and learning experience that is much stronger.

Approximately 20% of our students receive financial aid. Grants are given on the basis of need, and each case receives individual consideration based on information provided by the parents and School and Student Services (SSS). Spence also makes available a monthly tuition payment plan for interested families. Financial aid applications are due by December 1.

The Financial Aid Package

The financial aid package at Spence includes a grant applied to tuition (which includes books, lunch and class trips), reduced fees for Second Act and summer camp and a subscription to The Voice. In addition, families enrolled in financial aid are invited as guests to Parent Association family events during the year. Limited financial aid is also available for instrumental music lessons.  Financial Assistance is available for our newly instituted Brooklyn Bus Service.

Please note that there is a student contingency fund that is available to help you meet unexpected expenses such as those related to graduation, sports, college applications, school-recommended tutoring/evaluations and other school situations that may arise.

Tuition 2016-2017

Tuition (all grades): $47,410
(includes books, lunch and class trips)

Parents’ Association Dues (per family): $35

Registration Fee: $75

Class Dues (per child):
  • Grades K-4: $50
  • Grades 5-12: $25

Tuition Payment Schedule

Accounts are to be paid in accordance with the following schedule:
  • March 1, 2016: 15% non-refundable deposit
  • July 1, 2016: 70% of total
  • December 1, 2016: 15% of total
Those families who may prefer to pay school charges in equal monthly installments may arrange to do so with Smart Tuition.

Contact the Financial Aid Office

For more information about Financial Aid, please call the Admissions Office at 212-710-8140.

Tuition & Financial Aid FAQs

List of 4 frequently asked questions.

  • What is the tuition at Spence?

    For the 2015-16 academic year, tuition is $45,150 for all grades K-12.
  • How can working parents with a modest income afford Spence?

    Spence’s financial aid program provides assistance for qualified families from all backgrounds who might not otherwise be able to attend Spence. Spence offers over $4,800,000 in financial assistance to families across a wide band of economic need. In addition, the school offers several tuition payment options to accommodate its families. Financial Aid grants cover tuition, books, lunch, school-related trips, attendance at Parents’ Association events, after-school and summer programs, and in some cases, uniforms. A contingency fund assists families with course expenses, tutoring, and college application and graduation expenses.
  • What percentage of the student body receives financial aid?

    Approximately 20 percent of the student body receives financial aid.
  • Will applying for financial assistance influence admissions decisions?

    While the Admissions Office processes applications for admission as well as for financial assistance, admission decisions are separate from financial aid decisions. We work within a budget; however, we are often able to offer generous financial aid packages to families who qualify for aid. Financial assistance at Spence is entirely need-based.
The Spence School adheres to a long-standing policy of admitting students of any race, color, religion, sexual orientation and national and ethnic origin to all the rights, privileges, programs and activities generally accorded or made available to students at the School. It does not discriminate on the basis of race, color, religion, sexual orientation or national or ethnic origin in the administration of its educational policies, admission policies, scholarship or athletic and other school-administered programs.