Tuition & Financial Aid

At Nysmith School for the Gifted, we believe that giving your child an exceptional education, as early as possible, builds the foundation for a lifetime of personal and professional success. We know that affording a gifted education is an investment in your child’s future and want to ensure that each family that applies to Nysmith, is supported with easy to understand tuition and financial aid options.

2018 – 2019 Tuition

Grade

Hours

Tuition

Preschool: Beginners and PreK (M-F)

8:30 a.m. – 2:30 p.m.

$24,800

Kindergarten – 3rd

8:30 a.m. – 3:00 p.m.

$32,050

4th – 8th Grade

8:30 a.m. – 3:00 p.m.

$36,450

2019 – 2020 Tuition

Grade

Hours

Tuition

Preschool: Beginners and PreK (M-F)

8:30 a.m. – 2:30 p.m.

$25,750

Kindergarten – 3rd

8:30 a.m. – 3:00 p.m.

$33,350

4th – 8th Grade

8:30 a.m. – 3:00 p.m.

$37,900

The Nysmith School does not conduct any fundraising or capital drives to raise additional school funds.

Payment Plans

Nysmith School offers three payment options for families:

  •  One annual payment
  •  Two semester payments
  •  Eight monthly payments

Reduced tuition is offered for families who choose the semester or annual payment options.  A 20% Enrollment Deposit is due at the time of contract signing. Payment options are based on the remaining tuition balance. Nysmith offers Tuition Insurance through Dewar, and is required for the semester or monthly payment options.

Reduced Tuition for Siblings

The Nysmith School is a family-owned and -operated school. We believe in keeping families together, so we offer a discounted tuition for additional siblings.

  • 1st Child:

Regular tuition rate

  • 2nd Child:

Regular tuition rate reduced by $1,000

  • 3rd Child:

Half of regular tuition rate

  • 4th-5th Child:

Free Tuition

Financial Aid

The Financial Aid program at Nysmith School is needs-based.  We encourage parents to explore the financial aid option when considering Nysmith enrollment for their child. Nysmith utilizes the services of FAST to process financial aid applications. In addition to entering your financial information online, FAST requires a copy of your Federal and State tax returns with all schedules and W-2s

Frequently Asked Questions

Q: Can I use my 529 account to pay for Nysmith tuition?

A: Yes. Funds from 529 accounts, which formerly could only be used for college expenses, can now be used to pay tuition for students attending private K-12 schools – up to $10,000 per year per student.

Q: Does Nysmith offer any scholarships or grants?

A: No. Nysmith does not conduct any fundraising or capital drives to raise additional school funds and we do not have an Endowment Fund from which to award scholarships or grants.

Q: Does Nysmith prorate tuition for mid-year enrollments?

A: Yes. We will prorate your child’s tuition to the day your child begins school.

Q: What is FAST?

A: Nysmith utilizes the FAST Program because it is designed to be highly responsive to our families. It is more flexible in terms of the information it will accommodate, thus allowing families to represent their own particular circumstances more accurately. All information from FAST is kept confidential, as is all information pertaining to a family’s financial aid request.

Q: When should I apply?

A: You may apply anytime! Because Nysmith has rolling admissions, you may apply before or after you fill out a Nysmith Application.

Q: How do I apply for financial aid?

A: Families applying for financial aid must complete an online FAST application HERE and submit the necessary supporting documents directly to FAST.

Q: When will I learn about my financial aid award?

A: A financial aid decision will be made within approximately one week after the verification of your FAST application. Nysmith School will notify you via email.

Q: To whom do I turn to if I have questions about the financial aid process?

A: If  you have any questions about this process, please contact Gabrielle Silver in our Business Office at 703-713-3332, ext. 1046.