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 family and School and Student Services (SSS). Grants range from $5,000 to $54,000 depending on need. Every family is expected to make a financial contribution towards tuition. Spence also makes available a monthly tuition payment plan. Access to the SSS Family Portal for 2020-2021 will be available on October 2. Financial aid applications for current and prospective families are due by December 1.   

The Financial Aid Package 2019

To learn more about matters that the Financial Aid Committee takes into consideration in establishing financial assistance for families and about expenses (incidentals) that are included in your financial aid package, please use the following links:
We would be delighted to speak to you in person to answer any questions you may have about Financial Aid or to provide clarification. Please call the Admissions Office at 212-710-8140 to speak to Susan Parker, Director of Admissions, or Melissa Sanchez, Coordinator of Admissions and Financial Aid.

Tuition 2019-2020

Tuition (all grades): $54,650
(includes books, lunch and class trips)

Parents’ Association Dues (per family): $35

Registration Fee: $75

Class Dues (per child):
Grades K-4: $75
Grades 5-12: $50

Tuition Payment Schedule

Accounts are to be paid in accordance with the following schedule:
March 1, 2020: 15% non-refundable deposit
July 1, 2020: 70% of total
December 1, 2020: 15% of total

Tuition and Financial Aid FAQ's

List of 4 frequently asked questions.

  • Q: What is the tuition at Spence?

    For the 2019-20 academic year, tuition is $54,650 for all grades K-12.
  • Q: 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 $6,000,000 in financial assistance to families representing a wide range of income levels. In addition, the school offers several tuition payment options. 

    The Admissions Office is available to discuss the financial aid application process.
  • Q: What percentage of the student body receives financial aid?

    Approximately 20 percent of the student body receives financial aid.
  • Q: 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.

CONTACT Financial Aid

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