| Tuition and Financial Aid |
Financial aid terminologySSS: School and Student Service for Financial Aid Address: SSS by NAIS PFS: Parents' Financial Statement-This form must be completed by custodial and non-custodial parents. RFC: Report of Financial Contribution-This report is processed by SSS after reviewing your completeed PFS form. SSS then sends a copy of the RFC to Dana Hall. Dana Hall School Code: 2728 Financial Aid Office: Dana Hall Admission & Financial Aid Office Financial aid policies In an effort to be as consistent as possible in assessing a family’s need for financial assistance, the Financial Aid Committee has drawn up the following policies, which govern financial aid at Dana Hall.
Dana Hall admits students of any race, color, nationality, 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 color, race, national or ethnic origin, or sexual orientation in administration of its educational policies, admission policies, financial aid program, athletic and other school-administered programs. How to apply for financial aid (custodial and non-custodial parents):
Parents who are separated or divorced:With regard to financial aid, the matter of separation or divorce of parents can be a difficult one, but our school policy is firm and clear.The Financial Aid Committee will consider the net assets and earnings of both parents before making any award and may not be bound by the assertion that one parent disclaims responsibility for education expenses. The custodial parent and non-custodial parent are both required to complete the PFS. If the custodial parent has remarried, we will consider also the assets of the stepparent, always bearing in mind the obligations of the stepparent to his or her natural children. Non-working parents:In instances where one parent chooses not to work and has children who are in the school full time, the Financial Aid Committee will recalculate need using an imputed, minimum income for the non-working parent. Note that this policy does not require the parent to work, it only attempts to adjust the level of need by accounting for the minimum income that the parent could earn if he or she chose to work. If a parent can document that they are disabled or otherwise unable to work (caring for an aged parent, for example), this policy would not apply. Trust and/or “college funds:”Trust funds and/or funds or accounts earmarked “For College” are considered student assets and are treated accordingly. How it works:SSS will process the PFS and send the RFC directly to Dana Hall. Once the Financial Aid Office receives all financial materials, the Committee will review each family’s request. Consideration for aid is made only after a student has been offered a place at Dana Hall. All financial aid is awarded on the basis of need as determined by SSS and the Financial Aid Committee. FAQsAs a new family, when do I apply for financial aid?Complete the PFS by January 15. SSS requires approximately three weeks to process a PFS from you. Financial aid decisions are mailed to families of newly admitted students by mid-March. As a current family on financial aid, when do we re-apply?The deadline for the PFS is December 15. However, the Financial Aid Committee wants to remind all returning families that although funds have been set-aside for them, any delays in returning all required information may jeopardize renewal. Will my child receive financial aid in subsequent years?Families must re-apply for financial aid each year. Financial aid is awarded based on a family’s particular circumstances in each year. Funds will not be considered or made if the student is on academic or financial hold or if the family has not paid the contracted amount for the current year Payment plan options at Dana Hall SchoolPlan I – Full payment due July 15, 2010 Plan II – 60% due July 15, 2010, 40% due December 1, 2010 Plan III – Monthly Payment Plan Families with aid electing the 10-month payment plan are billed the third week of April, 2011. Financing options from other sources (subject to availability)K-12 Family Education Loan AchieverLoan |