Affording The Schenck School
We acknowledge and value the financial considerations that families face when choosing to enroll their children at The Schenck School. To ensure accessibility, we offer a limited amount of financial assistance 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. Applicants interested in financial aid must complete their financial aid application by Friday, March 1, 2024.
To help us objectively assess what a family is able to contribute toward education expenses, we use Clarity as a confidential third party. The 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 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 Clarity Family Report.
Schenck School Financial Aid Policies
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 Clarity 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.
Application Requirements and Deadlines
Clarity Application is also mobile-friendly so you can complete it from anywhere. Clarity is able to access your tax return directly from the IRS removing the need to upload your W-2s, 1040, and other tax information. As a part of the application, each family is required to submit a letter to The Schenck School Financial Aid Committee describing your specific reasons for seeking financial assistance.
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