Tuition and Financial Aid
Elementary School: Kindergarten – Grade 5
The Annual Tuition for 2023–24 is $18,000. However, thanks to the Phyl’s Academy Foundation donations, all new registrants will receive a $1,050 grant* towards their 2023-24 tuition!
The Total Enrollment Fee, (TEF), $950 is due at enrollment. TEF payment secures your child’s enrollment in our program and includes registration, textbook rentals, technology, administrative, and processing fees. The TEF is non-refundable and is deducted from the overall tuition.
After applying deductions for the grant and TEF payment, the Remaining Annual Tuition due per student is $16,000.
Breakdown of the tuition for the 2023-2024 school year:
Annual Tuition $18,000.00
Less Phyl’s Foundation Grant ($1,050.00)
Less TEF Paid ($950.00) [due at registration]
_______________________________________ ____ __________
Remaining Annual Tuition Due $16,000.00
To get details about the payment plans, click on the K to 5 2023-24 Tuition Schedule.
Discounts & Incentives:
The Sibling Discount*: $500 is applied to each younger student’s annual tuition. To qualify, you must have more than one child attending our private school program during the same school year.
Payment in Full*: Annual Tuition paid in full by September 1st receives a $500 discount.
New Family Referral*: We are always grateful for the praises we receive from our families, and recommendations are one of the finest compliments. Your referrals help grow and support our school community, and we are very appreciative. To thank our families, we created our Family Referral program. Each time your referral leads to a new family joining our K to Grade 5 program on our NYC campus, you will receive a $500 tuition credit for the current school year. To be eligible, you must be currently enrolled in K to 5 at Phyl’s Academy in New York, and the new family must list your family on their child’s admissions application. Please review our guidelines for the referral program 23-24.
*3K, 4K, and CSF students are not eligible for incentive-based aid or further discounts.
Frequently Asked Questions
What is the tuition for Elementary School (K to 5) for the 23-24 School Year?
The tuition for the 2023 -2024 academic year is $18,000. After the Phyl’s Academy Foundation New Family Grant of $1,050 and the TEF payment of $950.00 are applied, the total tuition due is $16,000. 23-24 Tuition Schedule
What is included in the tuition?
Tuition covers instructional costs and the non-refundable total enrollment fee (TEF) of $950.00. Your TEF payment secures your enrollment in our program, includes registration, textbook rentals, technology, administrative, and processing fees, and is deducted from the overall tuition.
What other costs can we expect?
Other costs not included in tuition are fees for early bird, afterschool, tutoring, meal program, extracurricular activities, additional educational materials, special events & programs, trips, and graduation fees.
Is Financial Assistance available?
The Children’s Scholarship Fund is a not-for-profit organization that seeks to provide better educational opportunities for underserved families. CSF offers partial tuition scholarships to students who demonstrate need, coming from Public schools, Charter schools, or Pre-K for All programs. Need is determined by CSF’s annual financial review. We are happy to continue our partnership with CSF, providing a few spaces for CSF students annually. Find out more about CSF here: https://scholarshipfund.org/new-york/.
Phyl’s Academy Foundation is a not-for-profit organization that assists our school through annual funding towards special programs. This year all new registrants will receive a grant of $1,050 from the Phyl’s Academy Foundation.
We offer tuition incentive-based aid and discounts* (New Family Referral, Payment in Full, Sibling Discount).
*3K, 4K, and CSF students are not eligible for incentive-based aid or further discounts.
What payment plans are available?
Payment Plans: We have five tuition payment plans: yearly, half-yearly, quarterly, ten (10) installments, or eleven (11) installments. see Tuition Schedule
Will we be asked to contribute or participate in fundraising?
Yes. Our tuition costs cannot cover the entire expense of educating students at Phyl’s Academy, New York (PANY), so we encourage all families to participate in fundraising events and activities.
The Phyl’s Academy Foundation supports our school for professional development, academic, arts, and special programs. Every member of our community is encouraged to make a tax-deductible donation to the Phyl’s Academy Foundation. No matter how great or small, every donation will make a difference.
What about next year? Will tuition increase? How much?
Tuition is assessed annually based on cost of living increases and estimated expenses for the upcoming year. We are sometimes able to maintain fees for a second year, but expect tuition increases of 3-6% annually.
