Q & A about financial aid
How does it work?
The guiding principle is that aid is need based, and given a fair determination of need, the family should assume as much financial responsibility as possible. Families qualify for assistance by submitting a Parents’ Financial Statement (PFS) to the national School and Student Service for Financial Aid. This is an independent agency that works with schools across the country. You go online or fill out a paper form that requests information about income, assets, expenses, dependents, etc. Completing the form is not difficult; most of the information is already in your tax returns. The school also requests a copy of your most recent tax returns.
How do we know how much aid we might receive?
Based on your Parents' Financial Statement, the School and Student Service for Financial Aid reports an amount it has determined that the family can afford for independent school education. If this amount is less than the tuition, then the family may qualify for a grant, which is intended to help make up the difference. Grant monies are allocated early in the calendar year, so it is important to apply for aid early in the enrollment or reenrollment process. Country Day is not always able to meet demonstrated need.
Is aid confidential?
Yes! This entire process is confidential, start to finish; no classmates or teachers or parents are told who is receiving financial aid. We ask that aid recipients also keep their grants confidential.
Should we even bother applying?
Many times families hesitate to investigate tuition assistance because they assume that they will not qualify. It may well be that you will not qualify for a large grant, however, even a small award could make the difference in the decision to enroll or to continue at Country Day.
What standards must a student meet to maintain a student’s grant?
The school’s academic and citizenship standards apply to all of our students. Attaching a “performance rider” is not consistent with this philosophy. The primary goal of tuition assistance is to make the Country Day experience available to qualified applicants.
Are there any scholarships based on achievement rather than need?
The Country Day Trustees’ Merit Scholarship program is offered in certain years and is open to qualifying Eighth Grade students only. Please ask the admissions office for details.
Is it possible to get a tuition assistance grant to cover all expenses?
There are no full expense grants, and we ask that each family participate to a certain extent. Again, the amount owed is based on financial capabilities. The intent of this policy is not to further burden families, but to create a partnership with the school with the common goal of enabling students to benefit from independent school education.
For further information or forms, please contact the Admissions Office or call 970-925-1909.