Affording MICDS Brochure
We strive to prepare students not only with the knowledge and skills they need to be successful but also with the desire and confidence to make a difference in the world. At MICDS, students are supported by faculty, coaches and peers as they discover their passions in and out of the classroom. Students matriculate to many of the most competitive colleges and universities in the country where they continue to pursue lives of purpose and service.
- Lower School 2018-2019 Tuition: $20,550
Tuition includes lunch, textbooks, classroom supplies, all technology costs and school day field trips.Average need-based award: $10,880
- MIddle School 2018-2019 Tuition for Grades 5 and 6: $24,4002018-2019 Tuition for Grades 7 and 8: $28,200
Tuition includes lunch, all technology costs, school day field trips and after-school study hall for grades 7 and 8. Tablet PCs are provided for grades 5-12.Average need-based award for Grades 5 and 6: $15,950Average need-based award for Grades 7 and 8: $17,850
- Upper School 2018-2019 Tuition: $28,200
Tuition includes lunch, all technology costs, school day field trips and college test prep for 11th grade. Tablet PCs are provided for grades 5-12.Average need-based award: $17,850
At MICDS, we understand that an extraordinary education is an investment in the future and we are committed to making the MICDS education available for all qualified students, regardless of their family’s ability to pay. Through a substantial financial aid program, we are committed to bringing the cost of an MICDS education within reach for families.
The MICDS financial aid program is a need-based grant program. Need is defined as the difference between educational expenses and the family’s ability to pay those expenses. Financial aid awards do not need to be paid back.
Each family is a financial partner for their student’s education. An honest and collaborative financial aid process will yield the best results for the family and the School. As a financial partner, families are expected to do what they can to pay school costs, including maximizing their earnings, adjusting spending priorities and managing assets. NAIS’s Guiding Principles for Families supports this approach.
A family must apply for tuition assistance by submitting a confidential Grant and Aid Application directly to the FACTS Management Company. All applications must be submitted online and require a family to provide federal tax filings and W-2s as supporting documentation. The financial aid pool is finite, so it is essential to pay attention to the financial aid application deadlines. Missing the deadline may jeopardize your application.
- What are the tuition due dates?
Tuition is due on the following dates:
- 10% is due at the time of enrollment
- 70% of the balance is due on August 15th of the current school year
- 30% of the balance is due on December 15th of the current school year
- What are the tuition payment options?
Payments can be made with an e-check, cashier’s check, regular check, cash or by credit card on the MICDS portal.
A 10-month payment plan is available through FACTS. Monthly payments through FACTS are withdrawals from an account on a specific day of each month, July-April.
- Can I use my 529 plan to pay tuition?
Yes, 529 plans can be accessed to pay tuition fees at MICDS for grades K-12. As of 2018, for federal tax benefit purposes, up to $10,000 in tuition expenses per student per year is exempt. In addition, Missouri taxpayers can use 529 assets with no state tax consequences. This is not the case with all states, so if you reside outside of Missouri, please consult your tax advisor.
- Are there additional costs beyond tuition?
Yes. Additional expenses should be expected for textbooks, extended day, global trips and athletics.
- Students in grades 5-12 purchase books. Books can range from $300 to $1500, dependent on the student’s grade level and course load.
- Depending on the sport(s) played, there are athletic fees and team dues associated with after-school sports in grades 7-12.
There are no extra costs for lunch, field trips, technology, after-school study hall in grades 7-8 nor for grade 11 AP exams. Those expenses are included in tuition.
- Why is there an MICDS Fund on top of tuition costs?
Gifts to the MICDS Fund help to offset the cost of tuition and the full cost of educating a student at MICDS. All gifts are considered charitable contributions and are fully tax-deductible.
- What are the 2019-20 school year financial aid application deadlines?
The deadlines were/are as follows:
- All returning families – December 3, 2018 with 2017 taxes and W-2s
- Grade 9 and Junior Kindergarten Early Action Applicants – December 17, 2018
- New applicants for all other grade levels – February 4, 2019
MICDS puts a substantial amount toward tuition assistance, but there are limits to the budget. Missing application deadlines will put your family’s ability to receive financial aid in jeopardy.
Learn more in our Affording MICDS brochure.
- What is financial aid?
Financial aid is tuition assistance. It is awarded with grant money and does not need to be paid back. MICDS does not include payback loans as part of a tuition aid package. All financial aid awards are based solely on a family’s demonstrated need, as determined by the MICDS Financial Aid Committee. The School aims to fund a tuition award to the full extent of a family’s demonstrated need. More than $5 million was awarded in financial aid for the 2018-19 academic year.
- What is demonstrated need?
“Demonstrated need” is defined as the difference between the amount a family can be expected to contribute to the cost of the student’s education and the amount of annual tuition. All families attending MICDS are expected to contribute toward the cost of their student’s education.
- What does financial aid cover?
Financial aid covers tuition, as well as proportionally covers the cost of books, summer reading and extended day services.
- How many students receive financial aid?
At MICDS, 25% of the student body receives need-based financial aid.
Financial Aid by School
- In the Lower School, 50 students received an average award of $10,880.
- In the Middle School, 86 students received an average award of $17,530.
- In the Upper School, 165 students received an average award of $17,675.
Financial Aid by Household Income
- Households with an income range of $0-$49,999 – 16% of awards
- Households with an income range of $50,000-$99,999 – 32% of awards
- Households with an income range of $100,000-$149,999 – 28% of awards
- Households with an income range of $150,000-$199,999 – 12% of awards
- Households with an income over $200,000 – 12% of awards
- How do I apply?
MICDS uses a third party administrator, FACTS Management Company, for the application process. A completed application is needed before the Financial Aid committee can make an award. Pay special attention to all due dates.
Complete the FACTS online application and submit to FACTS with all required supporting documentation:
- Copy of 2017 W-2s for household
- Copy of household 2017 federal income tax return(s) with all schedules and attachments
- What if I miss the financial aid application deadline?
Missing this deadline could jeopardize a family’s financial aid award. Awards cannot be made without the submitted application, federal income tax return and W-2s.
- How is the determination of an award made?
FACTS will analyze the information you provide to estimate your family’s ability to contribute to tuition. MICDS will use the FACTS “Family Calculated Tuition Contribution” as a guide and will take into account income, the number of children in tuition charging schools and any supplemental information a family provides.
Learn more in our Affording MICDS brochure.
- When will I receive a decision about financial aid?
The School commits support first to the returning students who receive financial aid. Returning students will receive notices starting in late January and continue through February. Financial aid decisions for new students will be communicated on the same day as the admission decision if the FACTS application materials were submitted on time.
- What effect does a financial aid application have on a student's admission application?
None. Admission and financial aid decisions are different processes and their respective decisions are made by different committees. Decisions regarding financial aid are determined by the Financial Aid Committee after the Admission Committee determines eligibility for admission.
- Will the level of financial aid change in subsequent years?
Possibly. Because a family’s financial circumstances are subject to change, we require families to reapply for financial aid every year. However, if your family situation remains relatively the same, then you can expect relatively the same percentage of financial aid–understanding that tuition and fees are likely to increase each year. On the contrary, significant changes in household income, either up or down, would likely have an impact on a family’s demonstrated need.
- What if I am separated or divorced?
In cases of divorce or separation, both parents or legal guardians are required to fully complete the financial aid process and file separate applications.
- Who has access to my financial information?
Financial aid applications are reviewed by the Financial Aid Committee. All information is secure and held in strict confidence.