The School is committed to admitting qualified students regardless of the family's ability to pay the full cost of tuition.
We understand and appreciate the financial commitment families undertake in deciding to send their children to The Schenck School. Therefore a limited amount of financial aid is made 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 the amount of support which may be expected from all family resources, as well as to those factors affecting a family's financial strength, such as investment savings and other assets, number of dependents, debt, and other educational responsibilities. To ensure that admission decisions are need-blind, admissions and financial aid determinations are made independently. Day School applicants interested in financial aid are strongly encouraged to complete their financial aid application by the March 1, 2018 deadline.
To help us objectively assess what a family is able to contribute toward education expenses, we use School and Student Services (SSS) by The National Association of Independent Schools 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, School policies and procedures, and the needs of our entire applicant pool. Therefore, the School may ask you to contribute more or less than what is estimated on the SSS Family Report.
Specific Policies Families Should Consider
- In the case of divorced parents, both households including stepparents and/or domestic partners, are expected to contribute toward 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 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 2018-2019 academic year will be available beginning October 2, 2017. If you wish to apply for financial aid for 2018-2019, the requirements listed above are mandatory for completion of the financial aid file and must be submitted no later than March 1, 2018.
- You will need to include your 2016 and 2017 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 1.800.244.8328 (Monday - Friday 9 a.m. - 8 p.m., Saturday 9 a.m.-4 p.m.) or email@example.com. The SSS application fee of $49 is payable online via credit card.
- Upload your completed 2016 and 2017 tax returns, including all applicable schedules, 1040’s, W-2’s, 1099's and 1120’s, with the PFS online. You can opt to mail copies of your tax forms to SSS. If you applied for assistance last year, your 2016 tax returns may already be on file with SSS. All information must be received by SSS by March 1, 2018 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, Study Lab, or academic camp) and upload the letter to SSS.
- It is the parents' responsibility to ensure that all applications are completed and submitted by March 1, 2018. Applicants who fail to provide the required information or miss the deadline may not be considered for assistance.
The Schenck School does not discriminate on the basis of race, sexual orientation, color, nationality, religion or ethnic origin in administration of its educational policies, tuition assistance programs, or other administered programs.
The Schenck School respects your privacy and will never release your contact, check, or credit card information.