A Riverside School education is a significant financial commitment, but it is one of the best investments you can make to create a successful student experience. We are committed to providing a variety of tuition options for families to make this experience a reality.
For the 2019-20 school year, annual tuition for Riverside School is $29,240. Payment options include directly to Riverside’s business office either in one full installment by July or two payments in July and January. Families can also chose installment plans through our tuition management payment system, TADS, once you have been enrolled at Riverside.
In order to ensure that more students have the opportunity for enrichment with the Riverside School experience, we help to bridge the gap between the cost of educating each child and tuition charged with financial aid through Our Annual Fund.
We use the TADS Financial Aid service to make an unbiased determination of your need. There is also limited financial aid available and partial tuitions awarded based on that need. For all students, financial aid applications are due by March 15. For students applying after March 15, financial aid applications may be submitted, but funding may not be available.
Use of Section 529 Plans to Pay Tuition
The Tax Cuts and Jobs Act of 2017 contains a provision that allows the use of Section 529 accounts to pay for private K-12 education up to $10,000 per year, per child starting in 2018. These accounts can be established by parents, grandparents, or family friends and contributions can receive state tax advantages. The investments grow tax free and withdrawals are not taxed on capital gains, to the extent they are used to fund qualified educational expenses.
For additional information, visit the Saving for College website.
Medical Expenses as Itemized Deductions
If you itemize your tax deductions, you may be able to include in medical expenses the cost of attending Riverside School, as a Special Education tuition expense. For more information, see IRS Publication 502 Medical and Dental Expenses for use in preparing returns, and/or check with your tax professional.
Greater Aspirations Scholarship Program (GRASP)
We are also the part of the Great Aspirations Scholarship Program (GRASP) which provides qualifying families with additional financial assistance. GRASP is dedicated to a mission to ensure that no child is denied an appropriate education due to lack of financial resources. Thus, the organization's primary focus is on students from families with income of 300 percent of federal poverty income or less (400 percent if the student has a disability).
Specific to Riverside, the program known as the Education Improvement Scholarship Program (EISP) supports tuition and other costs for targeted students in K-12 accredited private schools.
For additional information, please visit the EISP website for more information.
Student Loans AND Scholarships
Funding may be available through church-related opportunities, community service organizations, or philanthropic foundations. You may also apply for a fixed-rate education loan through www.yourtuitionsolution.com or through www.salliemae.com.