FINANCIAL AID
TUITION for the 2012-2013 academic year is $12,950
Financial Aid due January 7, 2013
Thank you to Aaron Wacholz with SSS-NAIS for speaking to our families at the Parents' Association Meeting on Tuesday, November 13th!
Financial Assistance
Financial need is viewed as "the difference between a family's resources and the child's total educational expenses." The following are taken into consideration: income, assets, number of dependents, number of children enrolled in tuition schools as well as any unusual expenses. A fee is charged by S.S.S. to process an application. New applications are submitted in each year of attendance. Please be sure to keep a copy of all paper work submitted for your own records. You are able to log on to your NAIS account at anytime during the process to see the status of your application and if any Financial Aid has been awarded.
Decisions to invite an applicant to attend Archbishop Spalding High School are distinct from, and do not take into account, the financial situation of an applicant. Families requesting financial assistance (re)apply each year. All returning students, Class of 2014, 2015 and 2016, must submit applications on or before Friday, December 7, 2012. All new and incoming freshman students, Class of 2017, must submit applications on or before Monday, January 7, 2013. Applications and a copy of last year's tax returns must be submitted to the School Scholarship Service of Princeton, NJ after November 1, 2012 and no later than January 7, 2013 for the 2013-2014 academic year. Applications and last year's tax returns are submitted electronically (after November 1, 2012) via the Parents' Financial Statement Online Workbook, or vist http://sss.nais.org/
Process for applying for aid for the 2013-2014 Academic School Year:
1. Prospective Students or Current Students applying for assistance for the first time
To begin the process, a copy of last year's tax returns and a Parent Financial Statement (PFS) developed by the School and Student Service (SSS) of the National Association of Independent Schools (NAIS) must be completed and forwarded to SSS November 1, 2012 and no later than January 7, 2013 for the Class of 2017 and no later than December 7, 2012 for the Class of 2014, 2015 and 2016. This early due date is necessary to allow sufficient time for SSS and the President to process requests for the granting of financial aid. If filed after the due date the application is late and those requests will be considered only after those previously submitted have been processed and if funds are still available.
To complete the PFS online, parents may access the following website http://sss.nais.org beginning November 1, 2012. The fee for online completion is $39.00. For questions regarding the completion of the PFS forms or the process you may contact NAIS directly at sss@nais.org or call 800-344-8328 (Monday - Friday, 9:00 am - 8:00 pm, Eastern Standard Time.)
The completed form is processed by the School and Student Service for Financial Aid (SSS) in keeping with standards and procedures developed by a committee of financial aid administrators from SSS member schools. This group (SSS) analyzes submitted financial information and estimates a family’s ability to pay school costs. This analysis will be provided to Spalding in a report called the Report of Family Contributions (RFC). This information is used by the President in determining financial aid award decisions.
As a further part of the school’s verification process, a complete, signed copy of the 2011 Federal Income Tax Return with all attached schedules and W-2s must be forwarded to School Student Service for Financial Aid (SSS) to P.O. Box 449, Randolph, MA. 02368 by the due date. If considered necessary, a complete, signed copy of the 2012 Federal Tax Return may be required later in the process.
The President and the Financial AId committee reviews all financial assistance requests in February and March. Notice of financial aid to new and incoming freshman students will be made via letter in the Admissions Acceptance Packet.
2. Students with aid returning to Spalding
Financial aid is never granted automatically or guaranteed from one year to the next; a renewed request for such assistance must be made by submitting a new PFS form and tax information each year the student is in attendance. The deadline for applying for continuation of aid is Friday, December 7, 2012. Notice of financial aid to continuing students will be made via letter on or before the re-registration date for returning students.
If for any reason your student is withdrawn from Archbishop Spalding High School, the financial aid award granted to that student is no longer applicable.
Academic Standards
In order to maintain any type of financial aid assistance, a student must adhere to Spalding’s academic standards along with the proper code of ethical conduct. A student must maintain a 2.5 or better Grade Point Average. Any student who does not maintain the appropriate academic standards and the proper code of ethical conduct will have their financial award withdrawn.
For questions regarding financial aid please contact Heide Cornet-Hostelley, ’97, in the President’s Office for more information at e-mail corneth@archbishopspalding.org or call 410-969-9105 ext. 266.
For questions regarding your TMS billing statement not including your financial aid award please contact Jenna Horton in the Finance Office for more information at e-mail hortonj@archbishopspalding.org or call 410-969-9105 ext. 226.