Near North Montessori is committed to maintaining a diverse student body. We believe that economic diversity contributes to a strong and healthy school community, and therefore NNM has committed to providing eligible families with financial assistance. Applications are reviewed confidentially by the Financial Aid Review Group and are considered separately from admissions. This school year, NNM granted over $736,000 of aid to 85 children from 56 families – approximately 15% of the total student population.
Financial assistance is available to current families at the 3-6, 6-9, 9-12 and 12-14 programs based on need. Financial assistance may also be made available to families new to NNM if funds are available after meeting the needs of current families.
In the past, awards for financial assistance have ranged from several hundred dollars to up to 70% of tuition costs, as needs warrant and funds permit. Financial need is determined based on a family’s total financial picture, which includes income and expenses, as well as assets, such as savings accounts, investments, home equity and real estate, and liabilities, such as mortgages, student loans and medical bills.
All families are expected to contribute some amount to tuition obligations. Financial aid is awarded to provide monetary assistance in meeting tuition payments; however in special circumstances, the Financial Aid Review Group may also consider granting partial assistance for Early Morning or After School Care and in-school remedial tutoring for students with a diagnosed learning disability or when deemed critical to the academic performance of the student by an NNM administrator. Families must re-apply for financial aid each school year with updated financial and family information. Aid cannot be granted unless all outstanding financial obligations for the current school year have been paid in full.
Financial aid funding comes primarily from school fundraising activities, generous gifts from parents and other community supporters, as well as the school’s operating budget. While financial aid grants are gifts to students and families that do not need to be repaid, we hope that, when possible, a portion of these grants will be replenished by the recipient family at some later date in order to provide opportunities for future students applying for aid at NNM. All families, including those granted financial assistance, are expected to fulfill volunteer obligations.
NNM admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs.