Affording Newark Academy

• Tuition: $55,525
• Lunch Plan: $1,950*
• Technology Fee: $400*
• Matriculation Fee (first year only): $100*

*mandatory fees

Yes. Newark Academy provides more than $5M in need-based financial aid annually to ensure that Newark Academy remains accessible and affordable to families with varying financial circumstances.

All financial aid at Newark Academy is need-based. NA does not offer merit-based scholarships. Need is defined as the difference between the cost of attendance and the family’s ability to pay, which is calculated through Clarity, a third-party provider. To be eligible for financial aid, parents must complete a financial aid application and provide financial documentation through Clarity.

There are three payment options available:

• Single Payment: Tuition and mandatory fees paid by July 15, 2026.
• Semi-Annual Payment: 70% tuition and fees paid by July 15, 2026 and 30% by December 15, 2026.
• 10-Month Payment Plan: Due the 10th of each month from May 2026 - February 2027

Unless a parent is deceased, Newark Academy expects that both biological parents 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 biological 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 complete a waiver as part of the financial aid application and awarding process. If a biological parent does not complete the financial aid process, they will not be given access to or receive any information from Newark Academy about their child.

The income and assets of stepparents will be taken into consideration when determining a student’s financial aid grant. Newark Academy will also take into consideration the stepparent’s financial obligation to his, her, or their 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 $30,000 annually for any non-working parent who has a child over the age of five. Consideration is made 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). All extenuating circumstances must be documented, in writing, at the time of application.

Yes. Newark Academy requires that the Clarity financial aid application is submitted annually for all families requesting consideration for need-based financial aid. All applicants must provide all supporting documents directly to Clarity by the stated deadlines. Financial aid applications received after the deadline may not be considered. Completed applications are reviewed by the Financial Aid Committee. Awards are granted in the spring and are for one year only. 

Newark Academy has made the monitoring and limiting of costs beyond tuition an important institutional priority. NA provides proportional aid on all required items, including lunch and technology fees, books, Immersion and Capstone experiences. For non-required items, the school’s budget has been expanded in order to absorb incidental costs traditionally borne by families. Each student receiving financial aid will receive an allowance from NA’s discretionary budget to use at their discretion for other school-related expenses.

Textbooks and other course materials cost approximately $500 - $750 per year. For families receiving financial aid, proportional aid is provided for textbooks and other course materials.

Athletic team gear costs approximately $100 per sport. For families receiving financial aid, proportional aid is provided for athletic team gear and equipment.

All financial aid at Newark Academy is need-based. NA does not offer merit-based scholarships.