To calculate a family's financial need, our school uses, as a guideline, the School and Student Service for Financial Aid (SSS). Click here for more information.
SSS provides schools with an objective methodology for calculating a family's ability to contribute to educational expenses. Financial need is defined as the difference between the cost of education and the expected family contribution, which is determined by taking into account family income, assets, family size, indebtedness, parents' ages and necessary expenses.
Once need has been determined, the family's financial aid file is reviewed by the school's Financial Aid Committee. Financial aid awards are awarded based on demonstrated need and availability of funds.
We require that both natural parents contribute to the cost of education to the full extent of their ability and cannot be bound by the assertion that one parent has disclaimed responsibility for educational expenses. The non-custodial parent must complete a Financial Statement for Parents who are Separated or Divorced and submit it directly to the Director of Financial Aid unless that person's location is unknown or he/she has had no contact with the child for at least two years. The non-custodial parent must also submit his or her current federal and state tax forms, supporting schedules, and W-2s. The custodial parent submits a PFS form as previously noted. We assure complete confidentiality. The cooperation of both parents is required before Financial Aid awards are determined.
Send your PFS form to SSS and mail a photocopy to the Admissions Office as early as possible in the calendar year for which you are applying. Preference is given to applications received by the February 15 deadline. Awards for new students are made beginning in mid-March in conjunction with the admissions decision and continue thereafter as the budget permits.