Affording NA
Newark Academy recognizes that the cost of an independent school education represents a significant investment for any family. We are committed to ensuring that NA remains accessible and affordable to families across northern New Jersey.
During the 2024-2025 school year the tuition is $51,200 plus $2,000 in required fees. However, nearly 20% of students pay far less than that. In fact, 57% of our Financial Aid recipient families earn over $150K.
Breakdown of Awards by Income Level:
2024-2025 Fast Facts
18%
of the student body receives financial aid.
$4.5 million
was awarded in financial aid this year.
$36,503
or 71.5% of tuition was the average award this year.
NA offers need-based financial aid, and we meet 100% of demonstrated need. To determine need, we partner with Clarity.
How to Apply for Financial Aid
Clarity takes into account a family’s income, assets, expenses, debt, and other factors when evaluating need. All completed applications submitted to Clarity are reviewed by Newark Academy’s Financial Aid Committee. Decisions are communicated to families in the spring of each year for the coming school year.
New families - the financial aid application process is separate from the admission process. Please complete a Clarity application by January 10, 2025.
Returning families - if seeking financial aid for the first time, please contact financialaid@newarka.edu.
Financial aid decisions and awards are issued with re-enrollment in January for returning families. New families will receive their financial aid decisions and awards in February, alongside their admission decision.
For more information about the specifics of our Financial Aid program, please review our Financial Aid Guidelines.
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Costs Beyond Tuition
Newark Academy monitors the total cost of attendance, and aims to minimize costs beyond tuition for all families. For families receiving financial aid, NA provides proportional aid on all required items, including lunch and technology fees, transportation, books, Immersion and Capstone experiences. Each student receiving financial aid also receives a discretionary allowance to help offset additional school-related expenses.
Sample Costs Beyond Tuition
| Additional Program Costs | Fee | Division |
|---|---|---|
| AP and IB Exams | $50/exam | Upper School |
| Books | $600/year | Upper/Middle School |
| Immersion | $1,800-$3,800/trip | Upper School |
| Athletic Pre-season Training/Travel | $400-$2,000/year | Upper School |
|
Transportation |
$4,500-$7,500/year | Upper/Middle School |
| Capstone | $600/year | Middle School |
Financial Aid Resources
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Questions?
Email us at financialaid@newarka.edu