The Foundation for a Meaningful Life
Kindergarten - Grade 9 in Southborough, MA
Affording Fay

Financial Aid

At Fay School, we are committed to building a community of learners from diverse economic backgrounds. To this end, for the 2018-19 school year, Fay will award over $2.5 million in financial aid to qualified applicants at every grade level. Grants are dependent on each family’s need and have ranged from 5% to 95% of the cost of tuition. In every case, Fay works closely with each family to ensure that qualified students have access to a Fay education. 

Apply for Financial Aid

Step 1: Access the Parents' Financial Statement (PFS) at, and submit the completed form to SSS by mail or online. Request that the results be sent to Fay (school code 3130), and request a copy for your own records.

Step 2: Send or upload a signed copy of your tax forms from the past year to SSS, along with supporting schedules and a copy of your W-2 form. Parents filing separately should each submit their tax information. Self-employed parents should submit the business tax return as well as the business/farm statement provided by SSS.
Fay's Financial Aid Committee encourages parents to use the "Additional Comments" section at the bottom of the PFS to expand on the information entered on the PFS, if doing so will provide more complete information about the family's financial need.

Please note that in the case of divorce or separation, the assets of both parents are considered. Both the custodial parent and the non-custodial parent must fill out the PFS and submit tax documentation. When a parent has remarried, the assets of the stepparent are also considered as a resource and should be included on the PFS. Please note that all information submitted in your application for financial aid is held in the strictest confidence.

Please read the PFS instructions carefully before signing, and note that late forms or omissions in the preparation of the PFS or letter may jeopardize your family’s chance of receiving or renewing an award.

Financial Aid FAQ

List of 2 items.

  • How does financial aid work?

    In order to qualify for tuition assistance, families must demonstrate financial need. Financial aid awards are given in the form of a grant that discounts the tuition to a rate that is within the family’s means. Financial aid funds can assist in the cost of some school expenditures that fall outside the realm of tuition and fees. Families are not required to repay these grants.
  • How is need determined?

    School and Student Services (SSS) determines need by using a formula that considers all areas of a family’s financial situation, including but not limited to both parents’ incomes (taxable and non-taxable), number of dependents, number of children attending tuition-charging schools, living expenses, parents’ age, retirement, medical expenses, and debts and unusual expenses. Because a family’s situation may change from year to year, families must re-apply for financial aid each school year. Fay is committed to ensuring that enrolled families (who continue to qualify for financial aid) receive aid throughout their years at the School.

Ask your own question about financial aid.