tuition, Fees, & Financial aid

Annually tuition increases, on average, three to five percent. Tuition enables the school to provide competitive compensation to faculty and staff, cover the rising costs of goods and services including employee benefits, and debt service payments for improvements to our campus facilities and infrastructure. Underscoring our commitment to cultivating a diverse school community, ISI allocates more than $2 million annually to financial aid. 

Tuition and fees for the upcoming school year are posted annually in January. Should there be any changes to the contract they would be announced in January, prior to the enrollment refresh period, too. The information is posted to the school’s website and shared with families via email notification.

Yes, but you can make arrangements to defer your payment by contacting the Billing Office at billing@isind.org if you have circumstances that affect your ability to make this payment.

Yes! All families must complete the financial aid application every year to be considered for tuition support.

No.

• Go to School & Student Services and create an account. The ISI school code is 4138.
• Complete the application form, submit the required tax documents and pay the SSS application fee.
• The ISI Financial Aid Committee will review the application and determine an award based on income, assets, taxes, family size, unusual expenses and circumstances and the number of family members in tuition-bearing schools.
• You will be advised of the decision by SSS.

All information required is held in the strictest confidence.

If your most recent tax returns have not been completed, please complete the Parents' Financial Statement (PFS) with estimates, and upload your past year's tax forms for initial review. If you are a Choice Scholarship recipient, you will be required to submit your most recent tax document no later than June 1. The PFS is completed online in the SSS Family Portal.

Our goal is to maintain steady aid awards. However, the financial aid committee cannot guarantee the same amount of aid annually due to potential changes in funds available for tuition support or potential changes in your financial circumstances.

For more information about payment plans, please see our billing page.

You have: 

• Completed the Personal Financial Statement.
• Uploaded current or prior year tax documents (or provided acceptable alternate documentation).
• Paid (or received waiver) the application fee.
• Submitted the application through SSS portal. 

Resources from SSS on Applying for financial aid: https://www.solutionsbysss.com/parents/resources/

If you are unable to pay your tuition balance at once, you can use a payment plan to budget your payments in smaller installments throughout the academic year. 

Beginning for the 2021-2022 academic year, the following installment plans are available to families with accounts in good standing:  

• a semi-annual installment
• a 10-month plan
• Families receiving the IDOE Choice Scholarship may request a 12 month payment plan. 

Parents/guardians have the ability to request a payment plan and installment schedule during the enrollment/re-enrollment process.

Tuition INCLUDES many costs related to a successful education at ISI:

• Lunch services
• Some classroom supplies
• Local field trips
• School-based activities
• IT support

Tuition DOES NOT include: 

• Mandatory annual study abroad trips for grades 6, 9 and 10, and the grade 5 Washington, D.C. trip
• Grade 11 Arts trip
• Model UN trips 
• Athletics participation and kits
• Child Care and Enrichment Programs
• Bus Service

Tuition and Fees are separate line items on your invoice. Families receive invoices for fees as they are incurred.

Fees include:

• New student admission fee (one-time fee)
• Mandatory trips and student exchanges (grade 5, 6, 9, 10, and international students (EAL) grade 9, 10.
• Administrative Fees
• Graduation Fees
• Testing Fees
• Additional line items you will have through the year:
  • Child Care
  • Athletic Fees

Demonstrated need is the calculated difference between fees and the amount a family can be expected to contribute towards annuals tuition. Need is determined by the ISI Financial Aid Committee after thorough review of the Personal Financial Statement (PFS). PFS is a standard form of the School and Student Service for Financial Aid (SSS). 

The SSS charges a fee for processing. ISI does not charge an additional fee for applying for financial aid. Families who qualify for the free and reduced lunch program may qualify for a need-based waiver from SSS when completing the financial aid application.

Income, assets, taxes, family size, unusual expenses and circumstances, and number of family members in tuition-bearing schools are among the factors used to determine need. 

Award notification begins in February for those who have submitted complete applications by the priority consideration deadlines. Award notifications will continue will continue to be released on a rolling basis (approximately 2 weeks) after receiving a complete financial aid application. Your child must be admitted before being considered for tuition assistance. 

ISI considers the assets and earning potential of both custodial and non-custodial parents prior to awarding financial aid. 

Personal Financial Statement forms and federal income tax forms are required from both parents each year. If either parent has remarried, the needs analysis considers that assets and earning potential of the step-parent as well. 

Financial aid applications are reviewed carefully by the ISI Financial Aid Committee to establish the financial needs of the family. All information required for the financial aid process is held in strict confidence. 

Merit Scholarships are given to recognize students who have outstanding academic performance. The award is available for freshman students and is renewable for the following three years.