Funding & Finance


How to Get Capital & Access Grants

For most new schools, the biggest challenge is finding access to financing. This page outlines ideas and techniques to get your school access to funding.



Finding Investors, Grants, Incentives, & More


While income and expenses are both important for budgeting (and we’ll address these in the next section on business plans & budget), it is the income side of the balance sheet that generally causes the most stress as school owners prepare to open.

In this section we provide guidelines for what funding will be required and why, ideas for where initial and ongoing funding can come from, and reminders on some basic finance resources you’ll need to have in place.

Software That Simplifies & Empowers Your School


Attract students, satisfy parents, & grow your school! With Twine, we keep the administration easy so you can focus on other things.


Book a Demo

Every School Needs Great Software


Twine helps schools simplify their administration, automate scheduling/staffing, and lesson the load placed on teachers and administrative staff. Twine also helps with enrollment, marketing, and more. See what Twine can do:


Parent Communications

Informed parents become engaged parents and engaged parents can supercharge your school.


Websites & Admissions

A high-impact website attracts students while Twine makes admissions easy.


School Management

Twine makes it easy for teachers and administrators to do everything they need to do.


Online Classrooms

Educate, collaborate, and discuss with integrated online classrooms powered by Twine.

Common School Startup Expenses



While your overall budget will provide a plan for full-year spending (and is discussed in detail in the business plan section), common up-front costs for new schools include:

  • Down payment or deposit for your facility

  • Furniture and classroom supplies

  • Technology

  • Staff recruitment

  • Marketing

  • First month(s) salaries

How Much Startup Funding is Needed?



A general rule of thumb for determining how much money you need when starting a school is to think about the frequency and quantity of tuition payments you’re going to be expecting.

For example, if you’re expecting to collect $50,000 in tuition twice per year, you should have about $50,000 in start-up funds to keep your school running until the tuition money comes in. If you plan to collect the $100,000 all at once, experts recommend having $100,000 in start-up money to tide you over until all the tuition has been collected.

Finding Startup Finding for Your School


Sources of Recurring Funding


Helping Families Find Funding


While we’re on the subject of funding, there’s a chance you’ll find families who are interested in attending your school but can’t afford tuition or need financial assistance to do so. While your school may be able to offer discounts or scholarships for families, you may not be able to afford to do so in all cases – after all, you are trying to cover your expenses and tuition dollars help with that.

There are some private foundations that offer scholarships to students who would like to attend private school. Amazon has lots of books that can help parents find financial aid for their students, too. Additionally, you’ll find more resources on our state specific pages. 

Finance Fundamentals


We're Proud to Help You Do the Work That Matters


Working with educators and parents is both challenging and rewarding. We'd love to work with you to help your school simplify and grow.


Learn More About Us

Guide Quick-Nav



Introduction to Starting a School

Introduction

We’ve developed these 10 topics to help you along the way. Take them all in at once, or start with the areas most relevant right now.


Creating Your School Identity

School Identity

There’s plenty you can do to develop your own brand, starting right from your personal ideals and goals for your school.


Creating Your School Curriculum

Curriculum

Our curriculum pages include ideas on where to go to find materials, and different associations and educational models you may want to consider.


Legal & Operating Requirements

Legal & Operating Requirements

You need to know the requirements at both the federal level and for your state. Here are the basic details for every state.


Introduction to Starting a School

Funding & Finance

Here we share ideas for possible funding sources, and ways you might be able to start with less than you thought necessary.


Creating Your School Identity

Business Plan & Budget

Having a plan for how you’ll operate and a budget to predict and allocate funds is critical for all businesses, schools included. We’ve pulled together resources here to help with both.


School Facilities

Facilities

What facilities are right for your school? We encourage new schools to get creative, and have compiled some considerations to take into account.


School Staffing

Staffing

How can you find and recruit the right talent for your school? What qualifications or certifications are required?


School Policies & Procedures

Policies & Procedures

Here we share ideas for possible funding sources, and ways you might be able to start with less than you thought necessary.


Marketing & Online Presence

Marketing & Online Presence

Having a plan for how you’ll operate and a budget to predict and allocate funds is critical for all businesses, schools included. We’ve pulled together resources here to help with both.


School Associations

Associations

What facilities are right for your school? We encourage new schools to get creative, and have compiled some considerations to take into account.