|Tuition, room and board||$60,500|
|International student fee||$1,500|
|Canadian I-20 fee||$300|
|Tuition and lunch||$46,000|
|Per diem overnight fee||$30|
|$12,100 - Non-refundable deposit due with contract||$9,200 - Non-refundable deposit due with contract|
|$37,000 - Due July 1, 2017||$28,300 - Due July 1, 2017|
|$12,125 - Due November 1, 2017||$9,225 - Due November 1, 2017|
|The financial aid application for Canadian families is slightly different. Please click here for instructions and links to supplementary forms.|
There are a few special circumstances further described below:
Most financial aid awards provided by Millbrook’s Financial Aid Committee are composed of a grant and a low interest loan, both of which are allocated directly from the school’s financial aid budget. Each loan requires a formal promissory note signed by either the student’s parents or guardian, or by some other financially responsible individual. The loan program works as follows:
1) The loan has an annual interest rate of 5%, with interest waived while the student is attending Millbrook School. The first interest payment is due July 15th of the year of graduation or withdrawal from the school, and each year thereafter during the life of the loan. Interest is charged on the unpaid balance. No penalty is levied for early payment of the loan.
2) Payment of the principle commences four years after graduation or withdrawal from the school. It is to be repaid over the next four-year period with 15% of the loan due in the fifth year, 15% due the sixth year, 30% due the seventh year, and 40% due the eighth year (along with interest each year).
3) Default in payment of the interest or the principle renders the whole sum due immediately.