e at The Schenck School understand and appreciate the financial commitment families undertake in deciding to send their children to our school. And although paying for education is first and foremost the responsibility of the family, the School is committed to admitting qualified students regardless of the family's ability to pay the full cost of tuition. Therefore the School annually sets aside a limited amount of financial aid available for day school, Study Lab and academic camp tuition.
All financial aid awards are based on a family's demonstrated financial need. In determining the extent of a student's need, consideration is given to both the amount of support which may be expected from all family resources, as well as to those factors which affect a family's financial strength, such as investment savings and other assets, number of dependents, debt and other educational responsibilities. To ensure that decisions are need-blind, admissions and financial aid decisions are made independently. Day school applicants
interested in financial aid are strongly encouraged to complete their financial aid application by the March 1, 2016 deadline.
To help us objectively assess what a family is able to contribute toward education expenses, we use School and Student Services (SSS by NAIS) as a confidential third party.The SSS analysis of a family's estimated contribution is a critical component of our financial aid decision. However, it is just a start. Our final financial aid award decision is made using the SSS figures as the baseline for our own additional review, taking into consideration our total financial aid budget, other information we may have collected, our school's policies and procedures, and the needs of our entire applicant pool. Due to circumstances like these, the School may ask you to contribute more or less to tuition than what is estimated on the SSS Family Report.
Specific Policies Families Should Be Aware Of
- In the situation of divorced parents, both households including stepparents and/or partners are expected to contribute towards the cost of education and both will be expected to participate in the financial aid application process.
- Parents who own their own business will be required to furnish a copy of their current business tax return in addition to their personal tax returns. They may also be asked to furnish cash flow statements, balance sheets, and other relevant information.
- If a family has children over the age of six, it is expected that both parents will be gainfully employed. In cases where only one spouse is working, the School may choose to impute earnings equal to one Schenck School tuition in the SSS income calculations.
- Ordinary business or rental depreciation or loss will not be considered in the calculations.
- Families will not be considered for financial aid unless the current year's tuition payments are up to date and the family has completed re-enrollment for the upcoming year.
- Financial aid decisions are made on an annual basis and recipients must reapply annually. Decisions are made by the Financial Aid Committee of the Board of Trustees and will be communicated to applicants in April. Awards are typically less than 100%. All information supplied by the applicant is considered to be confidential. Additionally, applicants are prohibited from discussing financial aid awards with other parents or School employees other than the Head of School or Business Office personnel.
- The SSS website for financial aid for the 2016-2017 academic year will be available on November 1, 2015. If you wish to apply for financial aid for 2015-2016, the following requirements are mandatory for completion of the financial aid file and must be submitted no later than March 1, 2016.
You will need to include your 2015 tax returns with your financial aid application, making early tax preparation necessary.
Application Requirements and Deadlines
Complete and submit online the Parents Financial Statement (PFS) at www.sssbynais.org/parents. If you have problems with the PFS, please contact the Customer Service Center for Parents at 800-344-8328 (M-F 9 am – 8 pm, Sat. 9 am – 4 pm) or firstname.lastname@example.org. The SSS application fee of $42 is payable online via credit card.
- Upload your completed 2014 and 2015 tax returns, including all schedules, 1040’s, W-2’s, 1099's and 1120’s (if applicable), with the PFS online. You can opt to mail copies of your tax forms to SSS. If you applied for assistance last year, your 2014 tax returns may already be on file with SSS. All information must be on file with SSS by March 1, 2016 in order to receive full consideration for financial aid.
- Write a letter to The Schenck School Financial Aid Committee and describe your specific reasons for seeking assistance. Include in the letter the programs for which you are seeking financial aid (i.e. Day School or Summer Camp) and send the letter to the Business Office.
- It is the parents responsibility to ensure that all applications are completed and submitted by March 1, 2016. Applicants who fail to provide the required information or miss the deadline may not be considered for assistance by the Financial Aid Committee.
For additional financial aid information, please contact Louise Hodapp, Director of Finance at 404-419-9805 or email@example.com.
Notice of Nondiscrimination
The Schenck School admits qualified students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the School. It does not discriminate on the basis of race, color, national or ethnic origin in administration of its educational policies, admission policies, scholarship programs or other school-administered programs.
The Schenck School respects your privacy and will never release your contact information, check information, or credit card information.