We recognize that the cost of private education is daunting for most families. Cranbrook strives to assist as many families as possible who cannot afford the school’s full tuition but are committed to stretching their own financial resources to make education their top priority. In a typical year, Cranbrook awards financial aid to approximately 25 to 30% of the student body. Most of our financial aid awards cover 50% or less of the tuition. Occasionally we are able to grant up to 70% of the tuition.
Financial Aid Information
Only families who demonstrate financial need are considered for aid.
Financial aid at Cranbrook Schools is distributed without regard to race, religion, or ethnic background.
All financial information is held in absolute and strict confidence, and all awards are treated as a confidential matter between the financial aid committee and the family.
The Admission Committee and the Financial Aid Committee are separate committees. A student’s acceptance or denial to the school is based solely on academic merit and without regard to the need for financial aid.
While we try to meet the financial need of admitted students, admission to Cranbrook Schools is not a guarantee of financial assistance. When financial aid awards are offered, almost all are less than or equal to 50% of the annual tuition.
Financial aid awards are reviewed annually on the basis of the family’s current financial status. Typically, if your financial status has not changed, your grant will remain the same.
In the case of divorced or separated parents, assets of all responsible parties are considered in determining family need.
Since we try to make a financial aid award at the same time a student is accepted, financial aid forms should be completed in a timely manner. |