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Tuition & Affordability

JK-4

2017-2018 Tuition: $19,950

Tuition includes lunch, textbooks, all technology costs and school day field trips.

Average Need-Based Award: $10,220

5-6

2017-2018 Tuition: $23,700

Tuition includes lunch, all technology costs and school day field trips. Tablet PCs are provided for grades 5-12.

Average Need-Based Award: $16,175

7-12

2017-2018 Tuition: $27,300

Tuition includes lunch, all technology costs, and school day field trips, after school study hall for 7th and 8th grade and college test prep for 11th grade. Tablet PCs are provided for grades 5-12.

Average Need-Based Award: $17,365

Join our community

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.

MICDS believes all qualified students, regardless of financial circumstances, should have access to our extraordinary education. Gifts to the Annual Fund help to offset the cost of tuition and the full cost of educating a student at MICDS*. Because an MICDS education may still be beyond some families’ resources, the School offers a substantial, need-based financial aid program. Each family is expected to be a financial partner for their student’s education–doing what they can to pay school costs, including maximizing their earnings, adjusting spending priorities and managing assets.

Families applying for tuition assistance are required to submit a confidential Grant and Aid Application directly to FACTS Management Company. All applications must be submitted online and require a family to provide supporting documentation.

*All gifts are considered charitable contributions and are fully tax-deductible.

Financial Aid Application

December 4, 2017
filing deadline for all returning students, with 2016 taxes

December 15, 2017
filing deadline for 9th-grade applicants and Junior Kindergarten Family Early Action Option

February 5, 2018
deadline for new applications for all other grade levels

Read Our FAQs

FAQs: tuition and financial aid

Tuition-Related FAQs:
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 15 of current school year
  • 30% of the balance is due on December 15 of 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.

Are there additional costs beyond tuition?

Yes. Additional expenses should be expected for textbooks and athletics.

Textbooks

  • Students in grades 5-12 purchase books. Books can range from $300 to $1500, dependent on the student’s grade level and course load.

Athletics

  • 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 and technology, after school study hall in grades 7-8 and grade 11 AP exams. Those expenses are included in tuition.

Why is there an Annual Fund on top of tuition costs?

Gifts to the Annual 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.

Affordability FAQs:
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 $4.6 million was awarded in financial aid for the 2017-18 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, 23% of the student body receives need-based financial aid.

Financial Aid by School

  • In the Lower School, 46 students received an average award of $10,220.
  • In the Middle School, 77 students received an average award of $16,175.
  • In the Upper School, 160 students received an average award of $17,365.

Financial Aid by Household Income

  • Households with an income range of $0-$49,999 – 42 awarded
  • Households with an income range of $50,000-$99,999 – 95 awarded
  • Households with an income range of $100,000-$149,999 – 78 awarded
  • Households with an income range of $150,000-$199,999 – 39 awarded
  • Households with an income over $200,000 – 29 awarded
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.

Application Process

Complete the FACTS online application and submit to FACTS with the required supporting documentation:

  • Copy of 2016 W-2’s for household
  • Copy of household 2016 federal income tax return(s) with all schedules and attachments

Learn more in this detailed explanation of the process or apply now.

What are the 2018-19 school year financial aid application deadlines?

The deadlines are as follows:

  • All returning families – December 4, 2017
  • Grade 9 and Junior Kindergarten Early Action Applicants – December 15, 2017
  • New applicants for all other grade levels – February 5, 2018

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.

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 January and continue through February. Financial aid decisions for new students will be communicated within a few days of the admission decision.

What effect does a financial aid application have on a student's admission application?

None. Admission and financial aid decisions are different processes and decisions 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.

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