Newark Academy offers need based financial aid. To be eligible for financial aid, parents must complete a financial aid application and provide financial documentation. NA uses the information provided to determine a family’s financial need which is defined as the difference between the cost of tuition and fees and the family’s ability to pay.
A registration deposit of $2,500 is due at the time of signing the Enrollment Agreement. The registration deposit will be applied to the student’s account balance for the coming school year but will not be refunded if the student does not attend Newark Academy. Students receiving financial aid will see the amount of their aid subtracted from the total cost of tuition and fees.
Families may choose one of three payment plans:
1. One payment option (100% of tuition and fees)
2. Semi-annual (two payment option). 70% of tuition (less the deposit) due July 15th and 30% of tuition due December 1st.
3. Ten-month payment plan*
*All families electing the ten-month payment plan must purchase Tuition Insurance.
All Newark Academy families must create accounts and make payments via FACTS.
Financial aid is awarded annually and families seeking financial aid must apply each year. Misrepresentation or failure to disclose completely all information will result in the loss of financial aid.
Returning families receiving financial aid will be given first priority when allocating awards for next school year. Adherence to deadlines is essential because funds are limited and they will be allocated to other families if documents are not submitted by the stated deadlines.
Unless a parent is deceased, Newark Academy expects both biological parents to contribute to a student’s tuition expenses. Therefore, financial information is required from both biological parents. Financial aid may not be granted if data from only one parent is provided. If one parent is not in contact with the student and has no role in the student’s life, Newark Academy will request the custodial parent provide a letter from a social worker, clergy member, school official or attorney documenting this fact before awarding financial aid based on information from the custodial parent alone.
The income and assets of step-parents will be taken into consideration when determining a student’s financial aid grant. Newark Academy will also take into consideration the step-parent’s financial obligation to his or her own biological children. We reserve the right to decline aid packages to families who do not provide income and asset information of stepparents.
Newark Academy will impute wages of $20,000 annually for any non-working parent who does not have a child five years old or younger at home. Consideration is taken in the case of extenuating circumstances, for example, if the non-working spouse is responsible for a special needs child and/or elderly parent(s).
Yes. All recipients of and applicants for financial aid must complete an application for financial aid annually. Completed applications are reviewed by Newark Academy and aid is granted in the spring of each year for the coming school year.
While Newark Academy strives to minimize costs beyond tuition, some activities may have additional costs, which are to be paid by families, including Immersion experiences, pre-season athletic trips, supplies, laptops or laptop rentals, and instrumental rentals. For more information about managing costs beyond tuition, please visit Managing Costs Beyond Tuition.
Yes, textbooks and other course materials cost approximately $650 per year. Families who demonstrate a greater level of financial need will be provided a waiver code that covers the cost of fall and spring semester books.
Team uniforms and basic equipment (i.e. balls) are supplied to members of teams. Student-athletes must provide their own athletic equipment, such as baseball gloves, proper athletic footwear, etc. Student-athletes have the option to purchase team-specific, non-uniform apparel from NA’s team web stores.
Newark Academy welcomes students from more than 91 towns in Bergen, Essex, Morris, Hudson, Hunterdon, Passaic, Somerset, Sussex, and Union counties of New Jersey. Transportation is provided without cost for Newark Academy students living in Newark, Irvington, Orange, East Orange and Hillside, which is subject to change based on student population. Transportation to/from many other towns is available through Newark Academy's busing partner-of-choice, and individual transportation contracts can range from $4,000-$7,000. Contracting for busing is exclusively between the families and the busing partner-of-choice. Parents who choose to send their child to Newark Academy may be eligible to receive a partial reimbursement of up to $1,022 from their resident school district to cover part of the cost of providing their own transportation to school (visit here to learn more).