Tuition &
Financial Aid
The value of an MVS education is priceless. The returns are lifelong. Our challenging academics and Immersion Method philosophy are unparalleled to any other educational opportunity in the Dayton area. At MVS, we stand for personal excellence, experiential learning, intellectual curiosity, leadership development, individuality, and community. We do more than prepare students to score well on a standardized test someday. We empower them to live life to the fullest every day, to discover their passions and purpose, and then to responsibly pursue them with emotional and intellectual rigor. At MVS, we prepare students for college and beyond.
As an independent school, MVS relies on tuition dollars for teacher salaries and other operating expenses. Tuition for the 2019-20 school year for the early childhood school ranges from $8,384 for the first year half day program (3 1/2 hours daily) to $11,768 for full day. K-12 tuition ranges from $17,472 to $22,961, with financial assistance available. Monthly payments range from about $500 to $2200 depending on aid.
To help make MVS affordable for mission-appropriate students and their families, financial assistance is offered and over $2.5 million is allocated to about half of our students each year.
Need-based aid is the most common form of assistance – find more details on this web page. A small number of merit scholarships are available for promising middle and upper school admission applicants who stand out above the rest of the applicant pool. No additional information is needed for merit scholarship consideration.
Several payment plans are available to assist families in managing their tuition obligation. Details can be found on this web page.
529 plan assets may be able to be used to pay MVS K-12 tuition up to a certain amount per student per year. Please consult your tax advisor for details.
Additional costs may apply to students attending MVS. These costs may include lunch, after school programs, athletics, books and supplies, overnight trips, and Immersions. Students in the middle and upper schools bring a laptop from home every day.
The MVS financial aid director will host two Affording MVS information sessions for parents this year on Wednesdays, November 13, 2019 and January 22, 2020, both at 6:30pm.
Tuition Payment Plans
For returning students who do not receive financial assistance, net tuition may be paid in full by April 1 with a 2 percent discount. The enrollment deposit is not discounted.
Tuition may be paid in full by June 30 with no additional charges or fees.
Under this option, 60 percent of the net tuition is due by June 30, and the remaining 40 percent is due by January 8. This option requires the Tuition Refund Plan at a cost of 1.5 percent of net tuition.
This option allows tuition payment over a 10-month period (July through April). A fee of 1.5 percent of the unpaid balance applies and the Tuition Refund Plan is required at a cost of 1.5 percent of net tuition.
Need-Based Financial Assistance
At MVS, we accept mission-appropriate students regardless of a family’s financial capabilities. We seek young people of promise who have the potential to develop into self-sustaining learners in a diverse community of compassionate global citizens. For the families of those students to all be able to consider an MVS education, we offer financial aid for families with demonstrated need.
Like many members of the National Association of Independent Schools, MVS uses School and Student Services (SSS) to assess financial need. Based on the financial information parents provide, SSS calculates an estimated amount that a family can contribute to educational expenses. MVS uses that estimated family contribution as a guide to making fair and balanced financial aid decisions.
A few notes to keep in mind:
- MVS may not consider requests for financial assistance after enrollment decisions are made.
- The financial aid application must be completed prior to each year of attendance for a student to be eligible for need-based assistance that year.
- Need-based financial assistance is not available for the early childhood school.
Application for Need-Based Aid
Complete the online Parent Financial Statement (PFS). The application includes a processing fee charged by SSS. In a divorced or separated family, a separate PFS must be submitted for each household. In your PFS, indicate The Miami Valley School as the recipient of the report. Our school code is 5062.
- Applications for financial aid may be begun as early as October 2, 2019. Families may find it easiest to submit applications in January once they have complete calendar year data for 2019.
- Applications for returning families are due by February 3, 2020.
- Applications for prospective families are due by February 3, 2020, or by the time the admission file is complete if that’s later than February 3.
W-2/1099 – By February 3, 2020 (or for prospective families, the date the admission file is complete, whichever is later), copies of the Wage and Tax Statements (W-2) and/or Miscellaneous Income Statements (1099) for 2019 for each parent or guardian MUST be received by SSS. Please upload the documents through your account on the SSS website (do not send them to MVS). If you have 2019 income not included on a W-2 or 1099, please upload your 2018 federal tax return.
1040 – By April 15, 2020 (or for prospective families, the date the admission file is complete if later), signed copies of the 2019 Federal Tax Return (1040), including all supporting schedules and forms, MUST be received by SSS. Your financial aid package is tentative until your 2019 Federal Tax Return is received by SSS.
Find instructions for submitting your documents here –http://sssbynais.org/parents/apply/required-documents.