Tuition and Financial Aid

Tuition

2016-2017 Full Time:
Boarding Student (8th- 12th): $52,200
Day Student (8th- 12th): $40,360
PG: $38,750
7th Grade Program: $17,325

All rates include room, board (except where indicated), coaching, and transportation to ski areas and local races. Tuition does not include lift passes to Sugarbush, incidental spending by the individual student, books, laundry, course supplies, tools or personal athletic equipment. Special training fees unaffiliated with GMVS, air fare to, and racing expenses (overnight, entry fees and meals) and camps are also not included. Figures are based on the assumption that each student remains enrolled for the entire year. No reduction or refund is made for early withdrawal, dismissal or absence. Tuition figures do not cover all of the school's operating expenses. A concerted effort by the school's administration, parents of students and the Board of Trustees in the area of fund raising is required in order to balance the school's budget

Financial Aid

GMVS is committed to a balanced, well-rounded student body molded by talented athletes, motivated scholars and individuals with outstanding character. Every GMVS applicant should subscribe to these values and the GMVS Mission Statement. Students who are interested in attending GMVS should apply, regardless of their ability to pay complete tuition.

Twenty-five percent of GMVS students are on some form of Tuition Assistance Program (TAP). Tuition assistance is based strictly on an applicants need. Applicants interested in financial aid should contact Cindy Mumford, Director of Admissions, cmumford@gmvs.org.  To receive assistance, applicants need to complete a hardcopy or online version of the Princeton Financial Aid Form available at: sssbynais.org

Who is eligible for financial aid?

At GMVS, financial aid is awarded strictly according to an applicant’s need; GMVS does not award financial aid on the basis of athletic or scholastic merit.

How is “need” determined?

GMVS uses the third-party analysis of The School and Student Service (SSS) for Financial Aid in Princeton, NJ to help us determine which families are eligible for aid.

How do we demonstrate our financial need?

To receive assistance, applicants need to complete a hardcopy or online version of the Princeton Financial Aid Form available at: sssbynais.org

When is the Financial Application Due?

Application for financial aid should be submitted at the same time as the general application.  

How much aid will we qualify for?

GMVS uses two criteria to determine the number and scope of aid grants: 1) Financial need as determined by the Princeton Financial Aid evaluation 2) The amount of money GMVS has available for aid, based on the school’s projected revenue and expenses in a given year. If the full amount of aid has not been granted, it is because GMVS does not have sufficient funds to meet all of the demands. Given the growing number of families able to demonstrate need, and the school’s limited resources, it is not always possible for us to provide everyone what they need. In this event, we urge families to consider other loans.

What would a Financial Aid Package look like? Will I have to pay it back?

There are a few different aspects to each Financial Aid Package: 1) A typical GMVS Financial Aid Package will provide a certain amount of money that is a grant. This money will not need to be repaid. 2) All families receiving Financial Aid are given an opportunity to participate in a scholarship work program. Parents can earn up to $2000 by working up to 50 hours at $40/hr. Students are able to earn $2000 by working up to 100 hours at $20/hr. Hours worked will show up in your child’s monthly statement as a credit. These funds can be applied to the cost of books, trips, etc. 3) In addition, you may opt for a $1000 interest-free loan that must be repaid in five years.

Will this affect my child’s chances of being accepted to GMVS?

No. Admission to GMVS is determined through a need-blind admissions process. Students who are interested in attending GMVS should apply, regardless of their ability to pay complete tuition.

Are there other factors that affect Financial Aid awards?

Yes. We constantly assess students to be sure they are giving their very best effort, as well as contributing in positive ways as citizens in the GMVS community. Once we’ve completed the Princeton Financial Aid Form, how do we apply for GMVS Financial Aid? Applications for financial assistance should be in the form of a personal letter to Headmaster Dave Gavett, submitted with copies of the family’s two most recent years’ Federal Income Tax return.