DOCUMENT RESUME
ED 410 634 EA 028 525
AUTHOR Sorenson, Lynn D. TITLE Director of Financial Aid Handbook. INSTITUTION Columbia Univ., New York, NY. Esther A. and Joseph Klingenstein Center for Independent School Education. PUB DATE 1997-00-00 NOTE 67p. PUB TYPE Guides Non-Classroom (055) EDRS PRICE MF01/PC03 Plus Postage. DESCRIPTORS Budgets; Educational Finance; Elementary Secondary Education; *Financial Aid Applicants; Financial Services; Financial Support; Private Education; *Private Schools; *Records (Forms); *Records Management; School Business Officials; *Student Financial Aid; Tuition
ABSTRACT Although many independent schools are seeing a diversification in their student bodies, existing structures, such as financial aid awards, have not been modified. In addition, many financial-aid managers in independent schools have 0-5 years of experience in student financial aid. This handbook profiles the overall step-by-step process for financial-aid management as implemented by Riverdale Country School in Bronx, New York. The handbook also uses information gathered through interviews with knowledgeable financial aid officers at schools affiliated with the National Association of Independent Schools (NAIS). Contents include a guideline for time management, a review of the application process, a description of the procedures for determining financial need and calculating awards, and a description of areas related to financial aid. A financial-aid timeline and an annotated bibliography are included. Appendices contain sample worksheets, letters, and forms from Riverdale Country school. Contains 11 references. (LMI)
******************************************************************************** Reproductions supplied by EDRS are the best that can be made from the original document. ******************************************************************************** Director of Financial Aid
HANDBOOK
Thanks to... Esther A. and Joseph Klingenstein Fellows Program, Riverdale Country School, and Summerbridge National
Lynn D. Sorensen 1996-97 School Year
BEST COPY AVAILME
U.S. DEPARTMENT OF EDUCATION PERMISSION TO REPRODUCE AND Office of Educational Research and Improvement DISSEMINATE THIS MATERIAL EDUC TIONAL RESOURCES INFORMATION riCENTER (ERIC) AS BEEN GRAtyTED BY his document has been reproduced as received from the person or organization originating it. Minor changes have been made to improve reproduction quality.
Points of view or opinions stated in this TO THE EDUCATIONAL RESOURCES document do not necessarily represent INFORMATION CENTER (ERIC) official OERI position or policy.
2 TABLE OF CONTENTS
INTRODUCTION 4
PHILOSOPHY 7
WHAT IS FINANCIAL AID? 9
TIME MANAGEMENT FOR THE DIRECTOR OF FINANCIAL AID 10
NEED-BASED FINANCIAL AID 11
PROCEDURES FOR APPLYING FOR FINANCIAL AID 12
Parents' Financial Statement (PFS) 12
Tax Returns 14
DETERMINING FINANCIAL NEED 15
Reviewing the Parents' Financial Statement (PFS) 15
Evaluation of the Report of Financial Need (RFN) 15
Comp*Assist Program 17
Understanding and Reviewing of Tax Returns 17
CALCULATING AWARDS 19
Financial Aid Committee 19
Evaluating the Financial Aid Application 19
Both Parents Working? 21
Parent Returning to School or On Sabbatical 21
Current Students Applying for Financial Aid for the First Time 22
Foreign Students and Families Employed at the United Nations 22 RELATED AREAS TO FINANCIAL .AID 23
Payment Options 23
Special Fund 23
Faculty Financial Aid/Tuition Remission 24
Adopted Programs 25
SUMMARY 26
FINANCIAL AID TIME LINE 28
ANNOTATED BIBLIOGRAPHY
APPENDIX
Appendix I - Principles of Good Practice for Financial Aid Administration
Appendix H - Riverdale Country School Wait List Letter
Appendix III - Merit Awards
Appendix IV - Guidelines for Merit Awards/Tuition Remissions
Appendix V - Parents' Financial Statement (PFS)
Appendix VI - Riverdale Country School Financial Aid Procedures/Instructions
Appendix VII - Report of Family Contribution (SSS)
Appendix VIII - Computation Worksheet (SSS)
Appendix IX - Riverdale Country School Award Letter
Appendix X - Request for Copy or Transcript of Tax Form (IRS)
Appendix XI - Riverdale Country School Do Not Qualify for Financial Aid Letter
3 INTRODUCTION
One of the most dramatic changes in independent education is the diversification of the student body. Most schools have made a commitment to diversification and many schools have set goals for increasing diversification in subsequent years. However, often the structures that are in place, such as awarding financial aid, have not been modified to accomplish this goal, particularly given limitations on the amount of financial aid available.
Responsibility for creating a diverse student body has fallen on the shoulders of the admissions office. Inevitably, this shift in philosophy has had a direct impact on the financial aid budget. The most current National Association of Independent Schools (NAIS) statistics state that thirty-seven percent of students of color are financial aid recipients, and this number is growing each year.' Many middle income families and white students are finding it increasingly difficult to get a piece of the limited financial aid pie that must now stretch even further.
Independent schools' budgets are tightly controlled and administered by highly trained professionals in the finance office. After salaries and benefits, financial aid is the largest expense in an independent school. Yet frequently, responsibility for financial aid falls to a junior member of the admissions staff or some other untrained member of the school. Meade Thayer of the
National Association of Independent Schools (NAIS) believes that the reason there is such a high turnover in the position is the lack of training and necessary skills. In fact, seventy-five percent of the personnel that manage financial aid in independent schools have zero to five years of experience.
1 National Association of Independent School Statistics 1996, reported for the 1995-96 school year.
4 Riverdale Country School decided that a financial aid budget of more than two million dollars required the attention of a qualified person, and in the fall of 1995 added a new administrative position, a Director of Financial Aid. Officially separating the offices of admissions and financial aid enabled admissions decisions to be made without bias against financial aid applicants; previously, the Admissions Director had been responsible for admissions and financial aid. At first, this would seem logical, but in reality, it created a conflict of interest. Admissions decisions were stated to be "need blind", but were not since the same person was responsible for both. Simultaneous objectivity in both realms was impossible.
Adding a person to oversee the financial aid process allowed everyone to do his/her job more efficiently. For the 1996-97 school year, Riverdale enjoyed the highest admissions yield in the history of the school. The admissions director attributes this success to increased focus on admissions candidates without the responsibilities of the financial aid process. Decisions on financial aid packages were more consistent, made objectively separate from admissions, and for the first time sent out at the same time as admissions letters.
The responsibilities of the Director of Financial Aid of any independent school are immense. This handbook is designed to lessen the overwhelming nature of the position. A great deal of pressure is inherent to the work of the director, but with more training, it is manageable and rewarding work. Helping families wade through the bureaucracy of a lengthy application process and ultimately, to enroll in a school that their children are qualified to attend, but would otherwise not have access to, benefits both the individual and the school.
This handbook is a profile of the overall step-by-step process of Riverdale Country
School's financial aid program, but can easily be adapted by other schools struggling to administer their financial aid budgets responsibly. There is no more worthy goal. Since financial aid has a direct impact on the educational lives of children, it is a job worth doing well. Research Collection
Throughout the fall, I conducted interviews with the most knowledgeable financial aid
officers of NAIS schools. They willingly shared their schools' financial aid program and offered
helpful suggestions in writing this handbook. I am indebted to them for their assistance.
The four independent schools where I have been responsible for financial aid for the past
fourteen years also broadened the scope of this project. Written materials on the subject of
financial aid for independent schools are limited, so much of my research relies on personal
interviews and on college financial aid sources for information. Please refer to the annotated bibliography for further resource materials.
6 PHILOSOPHY
Riverdale Country School seeks to enroll a highly qualified student body
with diverse talents, interests, and backgrounds.
The Board of Trustees' commitment to this philosophy is made by annually allocating
14% of tuition revenue for need-based financial aid. In contrast, many of the competitive schools
in New York City spend comparable dollar amounts; however, they generate the income largely
from restricted endowment funds. Riverdale supports approximately 20% of the student body
despite the direct impact this has on the operating budget. The school believes that offering
financial aid at the pre-kindergarten level provides qualified students the opportunity to explore
the full range of educational opportunities. In order to stretch limited dollars further, most
independent schools tend to wait until students are of middle school age before financial
assistance is available. Funding a student for fourteen years is a reflection of Riverdale's serious
intent to create a school that is both diverse and accessible.
Riverdale has adopted the Principles of Good Practice for Financial AidAdministration',
and awards financial aid only if a family meets the criteria of financial need based on the School
for Student Service for Financial Aid (SSS) methodology.' Therefore, it is the expectationof the
2 See Appendix I. (Principles of Good Practice for Financial Aid Administration)
School and Student Service for Financial Aid, Educational Testing Service, P.O. Box 6657, Princeton, New Jersey 08541-6657.
7 school that families will report their resources accurately. Determining financial need requires an honest report of all income and liabilities on the SSS Form.
Riverdale believes that the primary responsibility of financing
education costs is the family's.
The school makes admission and financial aid decisions entirely separate from the other.
All financial information is kept in the strictest confidence.Families are advised in the literature, describing the financial aid process, that each year there are more applicants that apply for financial aid than the school can provide assistance. This may require a wait list status for money to become available for some students admitted.' Once a student enrolls at Riverdale, information about whether or not he/she is receiving financial aid is not available to anyone outside the financial aid office, including teachers. Recipients of financial aid are never held to a different standard than other students. Families receiving assistance are required to reapply every year and can expect the same level of award unless their financial situation changes.
See Appendix II. (Riverdale Country School Wait List Letter for Financial Aid)
8 WHAT IS FINANCIAL. AID?
It is important to distinguish the difference between financial aid and scholarships to families applying to Riverdale. Often used interchangeably, these two separate types of programs have no correlation to one another, further confusing the issue. Riverdale has committed a percentage of its budget for students attending the school that qualify for financial aid.
Recipients of financial assistance are not expected to pay back the school in the future, as with a loan. On the other hand, a scholarship program is money given as a result of merit, such as athletic ability or academic prowess, and not based on need. Riverdale does not have a merit program.' A discussion of the issues surrounding merit awards can be found in the appendix.
To determine awards, the school calculates the difference between the income and assets of a family and their expected tuition payment. Riverdale Country School subscribes to (SSS) to standardize the process for all applicants.
5 See Appendix III. (Merit Awards Information)
9 TIME MANAGEMENT FOR THE. DIRECTOR OF FINANCIAL AID
Riverdale Country School enrolls approximately 1,000 students and grants over 200 financial aid awards annually. New student applicants for financial assistance is growing each year. If this trend continues, an reevaluation of the Director of Financial Aid position will need to take place. Presently it is a part-time position.
A detailed time line is provided at the end of this handbook to assist in anticipating and organizing all tasks to be accomplished at the appropriate time of year. The following is a basic guideline for approximate time management planning this will of course vary depending on the experience of the individual.
September - Early October 10 hours a week
Late October - November 20 hours a week
December 30 hours a week
January - February 40 hours a week, at least
March 30 hours a week
April 20 hours a week
May - June 10 hours a week
10 NEED-BASED FINANCIAL AID
Riverdale provides a need-based financial aid program enabling qualified students
to attend who would otherwise not have access to the school.
It is the responsibility of the Director of Financial Aid to award financial aid only to families that have provided the documentation necessary to evaluate their resources accurately and have qualified for a grant. Awards are never to exceed the demonstrated financial need of a family. Riverdale Country School will not misuse the financial aid program to influence an applicant to choose Riverdale over another institution.
11 PROCEDURES FOR APPLYING FOR FINANCIAL AID
Parents' Financial Statement (PFS)6
All financial aid applicants must have a copy of the Parents' Financial Statement form on file. Please refer to the appendix for this form. Each family is asked to complete the form provided, mailing the original to the School and Student Services for Financial Aid along with the processing fee. If a financial hardship exists and the family is unable to pay the required cost for processing the PFS, the financial aid office can assist them in acquiring a fee waiver. Families need to fill out only one PFS form for all the schools to which they are applying for financial aid.
Copies of the PFS are to be sent to the financial aid office of each school, and families are encouraged to keep one for their own records. The instructions emphasize the need to fill out the form without errors to avoid delays in processing which may result in their missing strict deadlines.' It is imperative that the school provide clear instructions to applicants to guide them through the financial aid process.
The most important information to convey in the literature to apply for financial aid is that SSS does not determine the amount of grants but ONLY provides the schools with a guideline for determining a family's financial need.
6 See Appendix V. (Parents' Financial Statement, PFS)
7 See Appendix VI. (Riverdale Country School Letter Outlining Financial Aid Application Procedures) Families are instructed to indicate which schools they areapplying to so that a copy of the
Report of Financial Need is received byeach from SSS. The process ensures that the same information is made available to each school to evaluatefinancial need for a particular family and avoids one school awarding more thananother.'
Parents Separated or Divorced
Riverdale believes that a family's decision to sendtheir child to an independent school
requires the active support of both natural parents.Each parent must complete a PFS form.'
Tuition grants will not be awarded without completedforms and tax returns from both natural
parents.
The following policy in regards to divorced orseparated parents has been adopted from
NAIS.
In case of financial aid, the matter of divorce orseparation of parents is a difficult one. The school considers the assets of bothnatural parents, if living, before making any award, and cannot be boundby the assertion that one parent has disclaimedresponsibility for educational expenses. If either the custodial parent or the noncustodial parenthas remarried, we consider also the assets of the stepparent, always bearingin mind the obligation of that stepparent to his or her own naturalchildren.'
"Refer to "Report of Financial Need" section for moreinformation.
Riverdale Country School does not accept the"Financial Statement for Parents Who Are Separated or Divorced or Have Never BeenMarried Form" as others schools do. This form does not provide enough detailed information todetermine need.
10 Patricia P. Jamison, Financial Aid Administrationfor Schools (National Association of Independent Schools, 1991) section 7-2.
13
I!, 4 Tax Returns
It is essential that each family submit a tax return, with all schedules and W-2's included, to complete their financial aid application. Due to the early deadlinethat Riverdale has set, this will probably mean that the tax return submitted will be for the prior year. The instructions for applying for financial assistance explain that the deadline for receipt of the current tax return is
March 15 each year and to plan accordingly.
No awards that have been granted will be finalized until a signed tax return has been received by Riverdale. If parents intend to file for an extension to file their tax return with the
IRS, they could in fact be jeopardizing their eligibility to receive financial assistance from the school. This information is stated clearly in the financial aid process information to help families to plan accordingly. Of course, there may be extenuating circumstances that necessitate a late filing. A letter must be sent to the Financial Aid Committee explaining the reasons for the delay in receipt of the tax return and date that it is expected to be available.
14 DETERMINING FINANCIAL NEED
Reviewing the Parents' Financial Statement (PFS)
It is imperative that each year, the Director of Financial Aid is cognizant of any changes that the (SSS) has made to the PFS form. An excellent strategy is to attend one of the SSS workshops that are held each fall in various locations. The Computation Manual provided by SSS is also an invaluable resource." Before any PFS forms are distributed to applicants, a thorough review of each question and instructions is highly recommended. As the deadline approaches, the
Director should expect that inquires on how to fill out the PFS form, which is lengthy and
complicated, will occupy a considerable amount of his/her time. Families call with questions that are out of the ordinary and do not fall within the instructions provided by SSS onthe form.
Typical inquires include: how to indicate that part of their total income reported which is a bonus
and not dependable in subsequent years, how to fill out the form for expenses related to a
dependent parent, child care expenses, etc.
Evaluation of the Report of Financial Need/Report of Family Contribution (RFN)u
The School and Student Service for Financial Aid processes each applicant's PFS and
supplies each school and the family with a Report of Financial Need (RFN). A guideline of the
level of parental contribution for tuition expenses is suggested, based on a formula developed by
SSS. Again, as stated in the PFS section, families must understand that the figures produced by
" Each year the manual is automatically mailed to schools subscribing to the School and Student Service for Financial Aid services.
12 See Appendix VII. (Report of Family Contribution)
15. SSS are only a starting point and not an absolute figure. Space has been provided on the PFS to
explain extenuating circumstances, that are not included in the RFN, which must now be taken into consideration. Riverdale will often make adjustments as a result of this added information,
and families should not be surprised to learn that they are required to contribute more or less than the RFN indicates.
Unusual conditions noted on the RFN are highlighted and provide red flags to consider. A few of the most important points are listed below:
If there is no income tax reported, how does the family meet their expenses? Are the taxable dividend and/or interest income amounts at least 5% of the total of their bank accounts and investments as reported on the PFS form? In cases of divorce, check the tax return for alimony claimed as income. Did the family indicate this income on the PFS form? Does the student applicant file his/her own federal tax return? If so, ask for a copy. The unusual expenses category is often completed incorrectly. Check for explanations of expenses and determine if they are allowable as indicated in the instructions. Does the family own property other than their principal residence? Second homes or rental real estate normally excludes a family from qualifying for financial aid The level of indebtedness reported is often confused with consumer indebtedness (credit cards, etc.) Indebtedness and consumer indebtedness have separate lines to record this information and should be checked for accuracy. At the end of the form is a space for all circled items to be explained in detail. Make sure to call families that have failed to provide necessary information and complete the form while on the phone. This will avoid any further delays that would result if the form had to be mailed back to the family.
Never hesitate to contact families for further clarification of the information they have provided Everyone 's financial situation is unique and does not always fit into the SSS formula.
Note: In the instructions for applying for financial aid, it is indicated that someone may call
them to complete their file.
16
17 Comp*Assist Program
Comp*Assist, the School and Student Service for Financial Aid software for PFS
computation, is an excellent tool utilized by financial aid directors to make adjustments to the
RFN more accurately and quickly. In the spring, SSS sends out registration information to
receive Comp*Assist services for the following year. Throughout the financial aid season, an
updated disk is mailed with the data of each applicant that has applied to the school. An annual
fee is paid by each subscribing school for this service.
In the past, it was necessary to make all corrections by hand, requiring the director to
spend countless hours. If calculations must be made by hand, a form is provided to guide a
director through the step by step process.13
Understanding and Reviewing of Tax Returns
Reviewing tax returns is necessary to provide a fair analysis of a family's situation.
Riverdale requires that each applicant's family submit copies of their current tax return, including all schedules and a copy of their W-2 forms, to complete the file. Families that are part of partnerships or file corporate tax returns may be asked to supply the financial aid office with further documentation to assess their financial situation more effectively.
The Financial Aid Director evaluates each application once the financial aid file is complete. Familiarization with basic tax returns is essential and can be learned quite easily.
However, families with complex returns pose more of a challenge. Expertise of the Director of
Finance or an alternative source should be enlisted to ensure that the total financial picture of the
13 See Appendix VIII. (Computation Worksheet)
17 family is understood. It may also be necessary to contact a family to clarify points that remain unclear.
Information submitted on the PFS is often only an estimate because a family has not yet filed their current tax return. A comparison of actual filed tax figures with the PFS form should be made as soon as a copy of the tax return has been received by the school. All awards are subject to change upon review of the tax return, which is made clear in all communication with parents."
Particular areas to note on tax returns are listed below to help identify problem areas. A more in-depth study of tax return issues can be gained by attending anSSS conference.
Has the family attached all schedules and their W-2's to the copy of the tax return? Is a Schedule B should attached if interest and dividend income is in excess of $400? If there is alimony income received, is this reported on the PFS form? A Schedule C must be attached if there is a business income or loss. Business income is often subject to a paper loss only and not a reduction of income. Examples include a business run from a home, depreciation costs of home office or business use of family vehicle, etc. A Schedule E details rental real estate profit or loss. This is a situation where an expert should be consulted due to the fact that the loss reported is generally a paper loss only and not a reduction of income. If a parent is self-employed, adjustments will need to be made to the RFN. The FICA allowance is usually calculated incorrectly by SSS and the Director will need to refer to the actual tax return for the correct figures to make corrections.
Note: As of the 1998-99 processing year, Riverdale will require all families to sign Form 4506, "Request for Copy or Transcript of Tax Return."" This form allows the school to acquire from the IRS an actual copy of a filed tax return if there are inconsistencies and questions that the Financial Aid Committee wants to verify before any award is granted.
" See Appendix IX. (Riverdale Country School Award Letter)
15 See Appendix X. (Request for Copy or Transcript of Tax Form)
18 CALCULATING AWARDS
Financial Aid Committee
In hiring a director of financial aid, Riverdale has restructured the process to approve financial aid grants. There are four members of the Financial Aid Committee to ensure the integrity of the financial aid budget and maintain necessary checks and balances. As chair of the committee, the Director of Financial Aid is responsible for keeping a record of all decisions and
arranging for meetings as needed. Two additional members, the Director of Finance and the
Director of Admissions, bring important skills to the table. Riverdale's head of school is informed
after decisions have been made, as are the heads of the upper and lower schools.
Families have the option of submitting a written appeal to the Committee for review if
they believe their award does not reflect their ability to pay. Additional funds must become
available before appeals can be considered. Notification to families requesting an appeal is made
in late April.
Evaluating the Financial Aid Application
Grants are awarded to Riverdale families who demonstrate financial need. A loan
component is not an option. The most important aspect of calculatingawards is to follow a
consistent process in evaluating each applicant's file. Written guidelines are ideal to avoid
inconsistencies. Time constraints are a factor because of the admissions calendar, but every effort
must be made to treat each individual case as fairly and as objectively aspossible. Individual
19
2 0 directors of financial aid develop a system that worksbest for them. One example is illustrated here:
Check to make sure that any file is complete before evaluatingit. Estimate 45 minutes to an hour for each file. Make detailed notes of the main points found. Become familiar with the family situation by looking carefully atthe PFS. a. Is this a two parent family? Are both parentsworking?' b. How many children are there in the family? c. How many children are attending schools charging tuition?How much do they presently pay for each child? d. Does the family receive child support? In most cases whenit is an expected monthly income of substance, approximately half of the total figure canbe required to pay tuition costs. e. What does the family indicate that they can afford to contributetoward tuition costs? f. Does the family own their home or are they renting? g. Does the family own other real estate? h. How much money do they have in their bank accounts andother investments? i. Does the family have debt? j. Does the family own a car(s)?If so, what make, year and amount owed? k. Read carefully all explanations the family has provided in the space atthe end of the form. Compare the tax return information with figures provided on thePFS; make adjustments as needed. Review the RFN and make necessary changes. Read through any letters that have been provided by the family toclarify their financial situation further. Consider known information regarding a current student, such asvacations, expensive clothes, cars, etc. and make adjustments to their awards
Riverdale requires that all financial aid packages include acontribution by the family
towards the total tuition costs. Families receiving public assistancesuch as welfare payments or
food stamps are expected to pay a minimum of $50 and all others at least$500.17
16 Please refer to the section "Both Parents Working" for more information.
17 See Appendix IX. (Riverdale Country School Award Letter) It is important to consider two important points before making final awards. The Director of Financial Aid and the Director of Admission must consider the distribution of financial aid by grade and size of award to maintain a balance for subsequent years.
Both Parents Working?
Riverdale expects that both parents be employed if the family is applying for financial aid.
It would be unfair to dual income families if the school did not make adjustments to a family's total financial situation when one parent chooses not to work. In cases where a parent is at home caring for children under the age of five, no additions to their income will be made. But when both parents are physically able to work and one does not, $12,000 will automatically be added to the total income, as this would constitute part-time job earnings.
Parent Returning to School or On Sabbatical
Situations where a parent returns to school to earn a graduate level degree are not supported financially by Riverdale. The school will not make allowances for the loss of income or tuition costs associated with the degree.
Families that experience a decrease in salary due to a sabbatical will be calculated on the basis of the full salary as reported in the previous year. Riverdale cannot be expected to make up the difference and believes the family should be responsible in this situation since they have made a conscious choice to engage in non-salaried work. Current Students Applying for Financial Aid for the First Time
Riverdale has a policy that students enrolling in the school without financial assistance will not be eligible in the future unless there is a catastrophic change in the family's income.
Application materials must include a letter stating the nature of the changes in circumstances to be considered. Every effort to assist the family will be made but the dchool cannot guarantee that funds will be available.
Foreign Students and Families Employed at the United Nations
Riverdale limits financial aid dollars to families whose members are citizens of the United
States or those with green cards who file an annual tax return. Employees of the United Nations are under the jurisdiction of the country they are representing and are not required to reporttheir earnings to the United States, and, therefore, are ineligible for assistance from the school.
22 3 RELATED AREAS TO FINANCIAL AID
Payment Options
Riverdale offers three-tuition payment options. The first is the traditional independent school schedule of paying 75% of the total tuition on July 15 and 25% on December 15; the second is a quarterly plan beginning in June, including 12% interest; and the third is a 10-month plan also commencing in June including 12% interest. Most financial aid families choose the last option. The Finance Office will also make allowances and offer alternative plans for those financial aid families experiencing great difficulty in meeting their part of tuition expenses.
Special Fund
It is imperative that students receiving financial aid are not excluded from activities and services available to the rest of the student body and made to feel even more different than they already do. Riverdale believes that by offering tuition assistance the school must also make provisions to ensure that additional expenses associated with the normal program are also covered in some way. Many schools only offering tuition assistance fail to recognize that students are unable to participate fully in the life of the school. Traditionally, the areas that Riverdale has covered in the past consist of tutoring, SAT and Advanced Placement fees, college application and financial aid fees, college visits, drivers' education, prom tickets, school transportation, and athletic equipment and camps.
Riverdale sets aside one percent of the financial aid budget in a special fund to cover extra expenses beyond tuition. Books and lunch are included as part of tuition, but there are added costs that come up throughout the year more so for upper-school students. Families are made aware of the availability of this fund in their financial aid award letter. Management of the fund is
23 24 the responsibility of the Director of Financial Aid and is on-going throughout the school year as students individually request financial assistance.
Faculty Financial Aid/Tuition Remission
Faculty financial aid/tuition remission is administered by the Finance Office and is entirely separate from the Office of Financial Aid. Children of faculty must qualify for admissions and if accepted will automatically be granted a 25% reduction of total tuition costs regardless of need.
To be eligible for further assistance beyond the 25%, faculty must fill out a PFS form and supply tax return information like every other applicant for financial aid. There are cases of faculty who are grandfathered in as part of a former policy and receive a substantially higher percentageof tuition remission.
It is admirable that Riverdale is committed to providing this benefit to its employees. The one problem is that the total cost of financial aid for faculty is charged against the existing financial aid budget, even for faculty that do not qualify. This can easily be adjusted by changing how it is reported. A recommendation would be to reflect true costs more accurately. This could be accomplished by reporting the amount (the 25%) allocating to the faculty members that have not met the financial aid need criteria as a benefit in another area of the school's budget.
For example, all faculty children who qualify for the initial 25% reduction as well as additional financial aid should be left in the budget as it is currently done. But, for the faculty members who only receive the 25% reduction, because they do not qualify for any financial aid, should be accounted for elsewhere in the budget. This is in actuality a benefit and not need based financial aid and must be recognized and accounted for accurately."
18 See Appendix IV. (Guidelines for Merit Awards/Tuition Remission)
24 Adopted Programs
Riverdale is committed to enrolling a diverse student body. The admissionsoffice has formed alliances with organizations such as de la Salle School, EarlySteps, the Oliver Program,
Prep-for-Prep, and Summerbridge at Riverdale. These outstanding programswork with predominately low income and motivated students coming from multi-facetedbackgrounds and proven academic skills. Each year,the Director of Financial Aid, holds in reserve, approximately
25% of the financial aid dollars allocated for new studentsspecifically for these children.
25 26 SUMMARY
Ideally, this handbook has made a case for schools to evaluate their financial aid program and to make improvements in managing their budgets. Offering need-based financial aid is an integral part of the mission of independent schools and deserves the attention of the most qualified people to oversee the process. Unfortunately, not every independent school will have the resources to hire a Director of Financial Aid, but there are other ways that a school can managethe budget more effectively. Here are a few suggestions:
a teacher who is interested in financial aid could take on the responsibility and be released from teaching one class or other duties.The months of January and February are particularly busy and should be worked around if at all possible, release from winter coaching, for example;
an outside tax expert could be hired to review all complicated tax returns, if the expertise does not already reside with the business manager;
one member of the admissions staff other than the Director, could take on the responsibility and be adequately trained one method to avoid bias is that this individual would not interview any financial aid applicants.
Every school should at least be able to establish a Financial Aid Committee to ensure that no one person is responsible for making all decisions. The burden is too great, andobjectivity may be lost. Neither the Director of Admissions nor the Business Manager should serve as the chair due to a conflict of interest. Admissions personnel wish to enroll the best students and could justify giving a family money that does not reflect their need, and the business manager may also award a larger grant if he/she has had difficulty collecting money from a family with a poor history of paying their bills. This alleviates the need to continue to hound the family for payment all the time. These types of problems can be avoided with committee approval. When these considerations are provided for, the school can be proud of its sound financial aid practices. Financial aid personnel should be aware that families requiring assistance can often be uncomfortable revealing their personal finances. Sensitivity and respect of every applicant, from the moment that an application is requested; must be the priority of the financial aid office or committee responsible for allocating awards. It is invaluable to seek out colleagues to inquire as to how they successfully handle the nature of their job and learn from their experience.
2728 FINANCIAL All) TIME LINE
September
1. Finalize and compile financial aid statistics for the current year a. breakdown and percentage of total dollars allocated to the upper school and to the lower school b. number of students and award total broken down by grade c. number and percentage of students of color receiving aid d. total dollars allocated to students of color e. number of new students and returning students
Average award for: (necessary breakdown due to difference in tuition) a. Pre-Kindergarten and Kindergarten b. First - Sixth Grade c. Seventh - Twelfth Grade
2. Distribute financial aid statistics to: Head of School Head of the Upper School and Lower School The Finance Office Director of Admission and Lower School Admissions Office Development Office
3. Complete the annual NAIS statistics form required by all members schools
October
1. Prepare all financial aid materials for mailing to prospective applicants.
2. Mail to admissions applicants requesting financial aid information the following: (Note: send out two sets of forms if parents are separated or divorced) a. School and Student Service for Financial Aid Form (PFS) b. Cover letter from the Director of Financial Aid including steps of the process and deadlines'
3. Mail to all current families receiving financial aid the following: a. School and Student Service for Financial Aid Form (PFS) b. Cover letter from the Director of Financial Aid including deadlines"
19 See Appendix VI. (Riverdale Country School Letter Outlining Financial Aid Application Procedures)
20 See Appendix VI. (Riverdale Country School Letter Outlining Financial Aid Application Procedures)
28 29 November
1. Continue to mail out financial aid information to admissions applicants.
2. By phone, assist new families in completing the PFS form.
3. Meet with Summerbridge at Riverdale parents to walk them through the financial aid process if applying to independent schools, day or boarding.
December
1. Continue to mail out financial aid information to admissions applicants.
2. Follow up all current financial aid families whose forms have not been received by December 15.
3. File copies of all current financial aid families completed PFS forms.
4. Set up file folders for admissions applicants applying for financial aid including the PFS form(s) and copy of current tax return.
5. Set up data base and input admissions applicants applying for financial aid.
6. Review RFN's for new students as they come in
January
1. Meet with the Director of Finance to receive the financial aid budget for the upcoming school year.
2. Determine allocations for transportation and extra expenses fund.
3. Prepare award packets for admissions applicants granted financial aid including: contracts, letter from the Director of Finance, tuition insurance information, payment plan options, etc.
4. Prepare letters for admissions applicants applying for financial aid that do not qualify for financial aid and for families receiving a financial aid wait list letter.'
5. Continue to review RFN's.
21 See Appendix H. (Riverdale Country School Wait List Letter) & Appendix XI. (Riverdale Country School Do Not Qualify for Financial Aid Letter)
29 30 6. By mid-month a priority list of accepted students will be available from the upper and lower school admissions office of their top candidates. Students on the list that are also financial aid applicants will have their files reviewed by the financial aid committee to determine need and grant amounts.
7. The Financial Aid Committee approves all awards before mailing.
8. By the end of the month, award letters are mailed along with acceptance packets. The first week of March is the deadline for families to accept their grant or not.
February
1. Review RFN's for returning students.
2. Determine financial aid awards for all returning students.
3. Meet with Financial Aid Committee to approve returning students awards.
4. Send out all returning students awards including: contracts, letter from the Director of Finance, tuition insurance information, payment plan options, etc. Families have a deadline of mid-March to return their contract accepting their award.
5. Discuss with families of newly accepted students any appeals that are made to amend their awards.
6. Confirm receipt of current student appeal letters with the date they may expect an answer from the Financial Aid Committee.
7. Convene the Financial Aid Committee to review appeals.
March
1. Keep an up-to-date list of new students that have accepted financial aid packages offered. All funds that are not used will be reallocated to students on the wait list.
2. Mail any awards that have become available to students on the financial aid wait list.
3. Discuss with any returning families their reasons for appealing the award received.
30 3i Awl!
1. Keep an up-to-date list of returning students that have not returned their contracts.Consult with the deans of each class to determine if students might not be re-enrolling for reasons other than academic issues.
2. Convene the Financial Aid Committee to discuss appeals for returning students andallocation of funds returned due to attrition.
3. Send out tax return reminder to all financial aid recipients from whom a 1040and or supporting schedules are missing.
May
1. Check all 1040 forms against figures reported on the PFS's. Recalculate needand awards if there are major discrepancies.
2. Meet with the Upper and Lower School Admissions Offices to set admission datesfor the following year.
June. July, August
Wrap up the financial aid process; move files to make room for the coming year, shred all confidential material, update data base, etc.
31 32 ANNOTATED BIBLIOGRAPHY
Aitken, Peter H., et al "Access and Affordability Strategic Financial Perspectives for Independent Schools" The National Association of Independent Schools, Washington, D.C. 1994.
This study focuses on student numbers, tuitions, financial assistance, teachers' salaries, and measures of family income and wealth to describe the inherent tension between goalsfor high quality in and broad access to independent schools. Exploration of the major components of costs associated with running independent schools are discussed and ideas suggested for keeping expenses down or increasing non-tuition revenues, one example would be to increaseclass size. Over the last decade, tuitions continue to increase at a faster rate than inflation, principally so that schools could increase staff salaries to a level that averages about 70 percent of public school salaries. Strategies are given to assist schools in maintaining at a level that is affordable for their families.
Delbanco, Andrew. "Scholarships for the Rich" New York Times Magazine, 1 Sept. 1996.
Elite colleges are competing so ferociously for desirable students, needy or not, that financial aid for deserving applicants is coming under pressure. The era of need-blind admissions and need- based financial aid may be coming to an end. Ivy League colleges held off a bidding war among themselves by sharing financial information about students who had been admitted to more than one of their schools. But in 1989, the Justice Department charged that this practice amounted to collusive price-fixing. Examples of the same student receiving $6,000 - $16,000 are presented in the article. The Ivy League financial -aid structure is starting to crack due to competition for exceptional students. The real reason for the crunch is the relentless rise in the cost of tuition. Over the last 14 years tuition has risen at nearly three times the rate of inflation.
Financial Aid at Elementary and Secondary Schools Informati n for Families School and Student Service for Financial Aid, Educational Testing Service, 1993.
A short booklet that walks families that may be unfamiliar with the financial aid process through the steps of applying. The most commonly asked questions are addressed with helpful hints regarding deadlines. Issues that families should consider before they begin to fill out the application are also noted, as is the availability of waivers if the processing fee proves to be a hardship. Finally, confidentiality of information is stressed to assure families that their personal finances will not be shared with anyone outside of the financial aid office. Financial Aid: Can I Afford to Get In New York Times. 25 Sept. 1996. The growing demand for financial dollars at the college level is preventing some students from enrolling. Shrinking grant money and luring attractive candidates are only two of the issues that students face.
Golding, Davison. "Families turn to Financing to Afford Private School." New York Times, 15 Oct. 1995.
With tuition at the nation's leading private high schools double what it was in 1985, an increasing number of families are turning to student loans and payment plans to foot the bill, financing options once reserved for college students.
Hays, Constance L. "Choate on the Cheap: Prep Schools Woo the Middle Class." New York Times Money & Business, 15 Sept. 1996.
Dismayed by the shrinking middle-income student pool on their campuses, the nation's boarding schools are widening the array of financial-aid options for people who know they are not rich enough to pay outright and have long presumed they were too rich to receive help. Middle income is defined for boarding school tuition to fall between $60,000 - $120,000 a year. The median annual cost, including tuition, room and board, has risen from $10,195 in the 1985-86 school year to $19,850 for the 1995-96 school year; a 37.1% increase after inflation is taken into account.
Ideas & Perspectives Independent School Management, 18, Apr. 1994.
Advantages to a school in offering merit scholarships are highlighted. Three benefits are identified: merit students' participation and high levels of achievement in a variety of areas can enhance a school's program and help attract other quality applicants; the publicity surrounding the scholarship competition will attract families that would not otherwise consider applying to your school; and merit students often prove to be loyal alumni.
Jamison, Patricia P. Financial Aid Administration for Schools National Association of Independent Schools Publication, 1991.
Comprehensive guide to financial aid issues that are specific to independent schools. Financial aid officers can use this resource when dealing with particular issues that they are unsure of or need further clarification. In addition, it is an excellent reference for schools that wish to produce written procedures on financial aid policies based on the principles suggested by the National Association of Independent Schools. Koontz, Dick. "Money to Motivate". Student Aid TRANSCRIPT, Spring 1992.
Concern over the increasing use of merit scholarships at the postsecondary level. Good students expect scholarships. They feel they "deserve" a scholarship as a reward for their goodgrades or performance ability, a notion they have learned from their parents and others in our society. The student and family feel that "if I don't get a scholarship, you don't want me." The assumption that need and merit cannot be found in combination is a myth that we should work to dispel. Merit scholarships will benefit students who are most able to afford college without financial assistance. A trend of students opting to take less rigorous "safe" courses in their major interest areas in order to retain their scholarships is a concern. Therelationship between student and college has changed because of money.
National Association of Independent Schools Special Report July 1995, Washington, D.C.
A special report of findings from a survey conducted in 1994 of approximately 450 admissions directors, 43% of member schools. Respondents answered a series of questions designed to identify areas of concern in their work. Common themes emerged such as: increased time-on- task in enrolling new families, small support staffs, less personal vacation for admission directors, a twelve-month enrollment season, ever-growing job responsibilities,erratic statistical gathering, inconsistent planning in student attrition and retention, and responsibility for financial aid decision making.
National Association of Independent School Statistics 1996, Volume 1 National Association of Independent School Statistics 1995, Volume 1 National Association of Independent School Statistics 1994
General statistics are presented annually by NAIS as a result of a survey that is completed by membership schools. ,rape_ndisk
Principles .of Good Practice for Financial Aid Administration The primary concern of independent schools must always be for the welfare of their students and their prospective students. The principles of good practice are in keeping with the commitment of NALS to access and diversity and its belief that member schools should distribute financial aid funds based tipon demonstrated financial need. The principles are intended to promote orderly and professional financial aid procedures.
1.A school shall not discriminate in the administration of its financial aid policies because of race, color, religion, national origin, sex or age in violation of existing state or federal law or regulations.
2.A school shall strive through its publications and communications to provide students and families with factual information about the total yearly cost of attending its institution and about its aid opportunities, financing opportunities, policies, and procedures. 3.A school shall recognize that the primary responsibility for financing a student's independent school education rests with his/her family. 4.A school shall use a uniform methodology to assess annually, in a consistent and equitable manner, each family's ability to pay for education. 5.A school shall require adequate documentation of family resources when determining need.
6 A school shall not use financial need as a consideration in determining a student's eligibility foradmission.
7..A school shall notify accepted aid applicants of financial aid decisions before expecting a binding reply to the offer of admission. 8.A school shall allow applicants sufficient time to select from the offers of financial aid from all the schools to which they have applied. 9. A school shall make every effort to meet the demonstrated need of all admitted or enrolled financial aid applicants. 10. A school shall not exceed in its offer of financial aid the amount needed to meet the difference between the resources determined to be available to the family and the student's total educational expenses. 11. A school shall not set different standards of behavior and academic performance for its financial aid recipients. 12. A school shall continue to fund a student until graduation unless he/she no longer demonstrates need. 13. A school shall have a review procedure for families who wish to request additional funding. 14. A school shall refrain from and discourage others from making any public announcement of the amount of financial aid awarded to a student.
15. A school shall safeguard the confidentiality of all financial information supplied by a family.
Apprvved by the NAIS Board June,1992
BEST COPYAM' m6is: \ppe_nich y. Riverdale Country School
Le_tke_e
January 27, 1997
Mr. and Mrs. John Smith 333 Henry Hudson Parkway Bronx, NY 10471
Dear Mr. and Mrs. Smith:
The Financial Aid Committee has reviewed your request for tuition assistance, and due to a considerable number of requests for financial aid this year, the Committee has been unable to award grants to all of those students accepted into Riverdale for the 1997-98 school year. As a result, Meredith has been placed on a wait list for tuition assistance.
The wait list is small in number and unranked. Should financial aid dollars become available, the Financial Aid Committee will contact you immediately. Please let us know no later than February 14 if you wish to remain on the wait list.
We realize that you had hoped for better news but regrettably our budget is limited. The members of the Financial Aid Committee wish to extend our congratulations to Meredith for her acceptance to the school and will do our best to let you know as soon as possible of any change.
Sincerely,
Lynn D. Sorensen Director of Financial Aid
5250 Fieldston RoadBronx, New York 10471-2999 Lower School 718-549-7780 Upper School 718-549-8810 Appendix III.
Merit Awards
A school's admissions director has an enormous responsibility in selecting the students that are to enroll each year. He/she seeks to build an incoming class of students that is balanced by gender, ethnicity/race, academic accomplishments, geographic distribution, socioeconomic level, athletic ability, performing and studio art talents, and so forth. Competition among schools for the best students is a reality, and as a result, the percentage of merit scholarships are increasing in independent schools to attract these top candidates. Approximately 30% of NAIS schools report giving merit grants.
The National Association of Independent Schools has documented the following statistics for the last three years regarding no-need awards: for the 1993-94 school year, 302 schools reported $11,707,855 awarded to 4,662 students,' for the 1994-95 school year, 302 schools reported $12,130,463 awarded to 4,964 students;2 and for the 1995-96 school year, 286 schools reported $13,027,027 awarded to 5,108 students.'
Ideas & Perspectives wrote an article on merit scholarships that helps to explains the impetus behind providing no-need based grants. Three major benefits to schools are highlighted, first high levels of achievement in a variety of areas can enhance a school's program and help to attract other quality applicants; secondly, the publicity of the scholarship competition will attract families that would not have known or considered the school otherwise, and merit students tend to be loyal alumni.'
In reaffirming the NAIS commitment to need-based financial aid, the School Financial Aid Services Committee strongly encourages the policy of need-based financial aid for all member schools but recommends that the following guidelines be used when administering no-need awards.
Because no-need aid tends to diminish the amount of money available for need-based financial aid, thereby limiting access to independent schools for student from moderate and low income families, no-need financial aid funds should be obtained from sources definitely unavailable for need-based aid.
1 National Association of Independent School Statistics 1994
2 National Association of Independent School Statistics 1995, Volume 1
National Association of Independent School Statistics 1996 Volume I
Merit Scholarships, Ideas & Perspectives, (Independent School Management, April 18, 1994), p. 11
1 No-need merit awards imply that recipients will be held accountable in terms of the special talents or skills they bring to their schools. Those receiving such awards, however, should not be subject to special standards or other requirements that would treat them unequally or stigmatize them. They should be expected to meet the same standards of performance as those for all other students.
No-need financial aid programs should be fully and openly described and distinguished from need-based financial aid programs in public information descriptions, and administered and accounted for in a manner separate from that of need-based aid.
Tuition remission for faculty and staff children should be funded, administered, and accounted for separately without in any way detracting from a school's regular need-based financial aid program.'
5 Patricia P. Jamison, Financial Aid Administration for Schools (National Association of Independent Schools, 1991) Appendix G-2.
2 Admit, Retain, and Counsel Merit Scholarships generally those on which the scholarship was awarded. As competition for quality studentsincreases, offering merit scholarships can beadvantageous to private-inde- Swain School (PA) has been successfully offering pendent schools. Suchscholarship programs present. merit scholarships for the past six years to generate your school as one thatvalues outstanding performancein enrollment In Its middle school. Academically talented stu- scholarship, creativity, and leadership,reminding your dents have been encouraged to enroll while others community of the educational opportunities youoffer. The already in place have been encouraged by the merit schol- higher the quality of your students,the more successful arship program to remain at the school. Because the your school is perceived tobe. Using merit scholarships to scholarship competition is open to qualified current stu- attract talented, mission-appropriatestudents can benefit dents as well as new applicants. there have been no ques- your school In many ways. tions regarding fairness. Swain follows up with new students who apply but do not qualify for the scholar- - Merit students'participation and high levels of achievement in a variety of areas canenhance your ships, adding them to the admission financial aid list. program and help attract other qualityapplicants. Promoting Your Program - The publicity surroundingthe scholarship competition When you publicize a merit scholarship program In will attract families that would nototherwise consider school newsletters or memos, make sure you explain to .applying to your school. your constituents that financialaid awarded for excellent Merit students often prove to be loyalalumni. achievement is not diverted from those applicants with The increased attention to your school cangreatly demonstrated financial need. affect enrollment, not just in qualitybut also in quantity. Advertising your scholarship program to the broader Students of merit will apply to your school,and so will stu- community requires some creativitygo beyond the dents who want to be associatedwith talented peers (or media that you normally use. Talk to local psychologists whose parents want such associations).Schools that have who specialize in assessing students and recommending had merit scholarships in place for afew years usually educational programa. Get permission to put announce- experience enrollment growth in the divisionswhere the ments in their waiting rooms. Do the same with pediatri- competition is offered. Many of these new studentshave cians. Put announcements in company newsletters. siblings who also enroll. Post your announcements in all branches of the pub- For example, the merit scholarship program atMiami lic library. Librarians are the ones who know which stu- Valley School (OH) has not only attractedtalented stu- dents are interested in education. They can recommend dents, it has Increased enrollment by bringing morefami- your school to prospects. To help the librarians, leave your lies on campus for tours and interviews.All students who recruitment pamphlet with them.. apply (including those already enrolled) areeligible. Many Because your announcement will be distributed of those competing for the scholarshipswill come to the around town, make sure it stands on its own. Use the school even if they don't receive the financialaid. name of your school liberally: tell what grades you serve; If you are considering a merit scholarship programfor give a. short statement of your mission: and, most impor- your school, don't view it as a'luxury' something tant, tell how to contact the school for more information. offered only when extra funds have beendonated. Such All the materials associated with the scholarship pro- scholarships should contribute to themission of your gram should be distinctive. Have a special application and school, end should be deemed an essential expense.Just ask that the student complete part of the application. like new textbooks, higher teacher salaries,and remodeled Design a more extensive teacher recommendation form, facilities, merit scholarships can reinforce your mission. one that requests information pertaining to the qualities Keep in mind that organization is vital for program you seek. Be sure to use a high-quality paper end have all success. Select one person to overseethe program as materials printed or photocopied professionaily, rather director. Draw up your qualifications. What typeof student than run off on the school copier. are you looking for? Whatacademic, character, and leader- There should be special testing for all candidates. ship traits are you seeking? What areas of your schooldo Offer several dates for the convenience of ail. In addition you want to strengthen? to a standardized portion, include a school - developed You want to 'raise the bar' and ask more of these stu- math test and writing section. Hold the testing before your dents in the application procees than you doof regular normal admission testing dates. The interest in the schol- applicants. Remember, you seek students in Me top range arship competition will attract regular applicants. Charge a of those served by your schoolin short, mission-appro- fee to cover the costs of administering the tests. priate students whose talents and interests matchthose of Once the tests have been graded, invite the top five or your current student body. six applicants back for Interviews. Each Interview should To be lair end to avoid ethical problems, make sure be conducted by a teacher from the division the student that scholarships designed to recruit new studentsapply will be entering. Have some prepared questions that all equally to current students. Merit scholarships, it offered applicants will be asked, Including some open-ended only to new students, can be divisive. Scholarships should questions that will require critical thinking. You went to be held by the recipients until graduation, as long as the give the reviewing committee some idea of each candl- talented students maintain specified, minimum standards, date's dimension beyond those on paper. A merit scholarship program can benefit your school, For more on how echotanhips benefit pthrsteIndepondont schools, see 'Scholarships As An Assist In the Achievement of Mission.' your constituents, and your community. Put careful Vol. S. No. 12, p. 45. For a strong argument for merit scholarships, thought into the application and evaluation process. with *so *Scluslarships As Strategic Policy.' AGB Reports, Mstch/Apsil your mission firmly in mind, and the program will be suc- 1902. p. 70. Although thin snit,. is slanted for Institutions of higher cessful for years to come. education. much of the advice is applicable to private schools. Ideas & Perspectives/April 18, 1994 11 1:'EMI' COPY AVA!LABL 40 Guidelines for MeritAwards/Tuition Remission
is to provide NAIS reaffirms its belief that the purposeof a financial aid program students who would not beable to attend an monetary assistance to those in determining independent school without suchassistance. To fulfill that purpose, uniform methodology such as a family's need forassistance. schools should use a that provided by School andStudent Service for FinancialAid. In this way schools aid funds to children of qualifying can most equitablydistribute need-based financial families.
However. it is recogrized thatschools do use other formsof tuition reductions such as merit awards and tuitionremission to encouragestudents to attend their institutions. Such reductions should notbe considered financialaid. As a means of implementing these programs. NAISbelieves that schools should notreduce the amount of money they allocatefor financial aid. Such a stepwould limit access to independent schools.
To distinguish further betweenfinancial aid and tuition reducdon,the following are offered as guidelinesfor ninon reduction programs:
MERIT AWARDS Financial support for =e.t award programsshould be obtained from sources not administered and available for need-based firtandal aid.Such awards should be accounted for in a manner distinctfrom the institution's need-basedfir.andal aid program. Recipients of merit awards may be expected to meetthe standards of pular:lance. participadon. or involvement commensuratewith the purpose of their awards. However. in all other areas of school life.recipients should not be held todifferent standards than other sruder.m.
TUITION REMISSION
Automatic tuition remission forchildren of faculty and staff shouldbe funded. administered. and accounted for in a mannerdistinct from the institution's need- based financial aid program and its meritawards.
Recipients of tuition remission should notbe held to different standardsof behavior and academic performance than otherstudents.
Approved by the NAIS Hoard haw. 1992 1.EST COPY AVAILABLE 41 g ppertc11 x SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID eh=i1%lb Educational Testing Service th....L.- P.O. Box 6657 Princeton, New Jersey 08541-6657 Helpline: (609) 406-5380 PARENTS' FINANCIAL STATEMENT (PFS) Processing Year 1996-97 ''-'''''fiAaailemic 'Year 1997-98 r
If you have any questions about filling out this form or PFS What is the School and Student Service processing, call SSS at (609) 406-5380. Normal business hours are for Financial Aid (SSS)? 8:00 a.m. to 4:00 p.m., Eastern time, Monday through Friday. During The School and Student Service for Financial Aid is an organization nonbusiness hours, only messages will be accepted. that provides an analysis of a family's finances and determines a suggested contribution for educational expenses.Each year, How much does it cost to have the SSS send SSS publishes the Parents' Financial Statement (PFS) to help PFS information to schools? private schools determine the financial need of their applicants. The It costs $16.00 for the first school or agency you list in item 7A and PFS is processed by the SSS in keeping with standards and $8.00 for each additional one. This fee is nonrefundable. Send the procedures developed by a committee of financial aid administrators required fee in the enclosed preaddressed envelope with your completed from member schools. PFS. Do not send cash. If no fee is received, your form will be The schools and agencies named by you are sent a copy.of your returned. Please allow two to three weeks for processing Parents' Financial Statement and the analysis of it, which is called the and delivery. A PFS can be processed only for schools that are Report of Family Contribution School Report (RFC). When you members of the SSS, so check with each school that you list at 7A send a PFS to the SSS, you are giving permission for the SSS analysis to be sure that the school is a member. If you cannot pay the PFS to be done and for the computation of a suggested family contribution fee, contact the school to which you are applying for information and distribution of that information. The suggested family contribution about the SSS Fee Waiver Program. is based on 1996 income and expenses and current family assets. The basic view of the School and Student Service for Financial Aid What if I am filing for financial aid for is that parents should finance their children's education to the extent more than one child? that they are able. If someone other than the parent is financially This form may be used for up to three students. If you are applying for responsible for the student, that person should complete the PFS and aid for more than three students at the same school or at different describe his or her relationship to the student. schools, ask theaidadministrator at the school whether you need to complete more than one form. Many schools accept onlyonePFS per Who makes financial aid decisions? family. Be sure to list all children in items 25 and 26. It is important for you to remember that: The SSS does not make decisions about the amount of financial Are there any other forms I must complete? aid awarded by schools and agencies and it does not award If parents are separated or divorced, the student's custodial parent and financial aid. that parent's present spouse should complete the PFS. Some schools Financial aid decisions are made by the financial aid administrators may require the noncustodial parent to complete a PFS or aseparate at schools and agencies. form, theFinancial Statement for Parents Who Are Separated or You should direct any questions you have about awards to school Divorced or Have Never Been Married,and to include information financial aid administrators and not the SSS. from the noncustodial parent's spouse, if remarried. Some schools require families who own a business or farm to The SSS encourages financial aid administrators to explain how complete theSSS Business /Farm Statement. decisions are made and how your family contribution was computed. Who will be sent my financial information? Can I change the information I submitted on As you complete the PFS, you should know that: the PFS? If you wish to change the information you first submitted on the PFS, The information that you provide will be held in complete confidence. you must: Only SSS member schools or agencies that you specifically name Give permission for those changes in writing to the SSS. will be sent your financial information. Describe the changes and provide any new dollar amounts. SSS members are told that as few people as possible should be Include the student's full name, date of birth, and current mailing allowed access to any financial information submitted by a family. address in all correspondence with the SSS. If between the date you mail your PFS and September 15, 1997, you want other member schools or agencies to receive a copy of The SSS will produce revised reports of suggested family your PFS, a written request must be sent to the SSS with a fee of contribution and send them to the schools or agencies you named to $8.00 for each additional copy.No report can be sent out without receive reports if your added and/or corrected PFS information results your written permission.Additional reports must be requested in in a change of $500 in your 1996 total income and/or a change of the name of the student listed in the PFS at item 1A, 1B, or 1C.Do $4,000 in your net worth. You should not send the SSS another PFS or additional payment when requesting the revision. not send another PFS.You may use the Additional School Request Form (included in this booklet) or a letter to authorize this release of your financial information. Statements in the SSS confidential files will be destroyed on October 15, 1997.
In providing this service, the SSS, as part of the National Association of Independent Schools. does not discriminate on the basis of race, color, nationality, sex, or ethnic origin.
Educational Testing Service is an Equal Opportunity Empinyer. This publication is revised annually. Educational Testing Service. ETS. and the ETS logo design are registered trademarks of Educational Testing Service. Copyright 0 1996 by Educational Testing Service. All rights reserved. AEl NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS 42 EST COPY MAMA511,LE 14.0s't W 011,10-4,4 HOw'Can:1`..avoid. errors and,dela Y :To avoid errors and delays in proceising, When you fill- dut If actual-,, 1996 figures are not Yciiirrbesfestmate.--= the PFS: Do not use words such as "unknown," "same," or "none." Be sure to complete all items; do not leave any shaded or Round all figUres to the nearest 'dollar. Do not use cents. For unshaded boxes blank. Enter only one amount in each box. 50 cents or more, round up; for 49 cents or less, round down Write only in the response boxes or answer spacei. Do not Enter a zero (0) if no other entry applies. write in the margins of the form or outside the answer boiesY Do not send letters, tax forms, or other materials with your or spaces. PFS as these materials are destroyed. Supplementary Explain all circled items and unusual circumstances in item infonnation"should be written in the space at item ® or When an explanation is required and none-is given; ...sent directly. to the school(s). cial aid administrator may not consider the item, which..... Do not, use or send in a .photocopy of the PFS or the may result in SSS's determining a suggested contribution that worksheet, or a PFS that is torn, stained, or crumpled. A does not reflect the family's financial situation. photocopy or damaged form cannot be processed and will be returned to you. 'Provide all information that is requested on the PFS to avoid a Enter amounts in United States currency: delay in processing the report. If you send SSS an incomplete '; , PFS, you may receive an SSS follow-up letter. Promptly return. If the amounts entered for 1997 differ by X5,000 or more this follow-up letter with the requested information. The c: from those given for 1996, explain in item processing of your PFS will be delayed until this information File a new PFS each year that you applyfor financial aid. is received.' ; To have it processed for the 1997-98 academic year, file Type or print carefully in ink. If you make a mistake, conect it your PFS before September 15, 1997. completely and carefully do not leave smudges or marks: Sign and date the form. Forms received without at least one Do not cross out or write over any entry. authorized signature will be returned.
Do not enter symbols such as >, <, , or N/A. . Allow at least seven days for your PFS to reach ETS. INSTRUCTIONS DO NOT FORGET TO EXPLAIN ALL CIRCLED ITEMS IN ITEM Do not send letters, tax forms, or other materials with your PFS as these materials are destroyed. Supplementary information should be written in the space at item 31 or sent directly to the school(s). PART I Item No. 1A(1) Write in the first student's last name, first name, and middle 1C(2) Give the grade that the third student will enter in initial. If you are applying for aid for more than one student, 1997-98 and indicate whether the student will attend enter the name of the oldest student here. a boarding school or a day school. If the student is applying to both types of schools, check both boxes. 1A(2) Give the grade that the first student will enter in 1997-98 Use PK for pre-kindergarten, KN for Kindergarten, and indicate whether the student will attend a boarding and PG for postgraduate. school or a day school. If the student is applying to both 1C(3) types of schools, check both boxes. Use PK for pre-kinder- Indicate the relationship of the individual(s) complet- garten, KN for kindergarten, and PG for postgraduate. ing the form to the student listed above. Be sure to check the box for a parent/stepparent/guardian even if 1A(3) Indicate the relationship of the individual(s) completing the he/she is unemployed or does not work outside the form to the student listed above. Be sure to check the box home. A check at -box 8 implies that the parent for a parent/stepparent/guardian even if he/she is unem- supporting this student is not married. ployed or does not work outside the home. A check at box 8 1C(4) Check all boxes that are needed to fully describe the implies that the person supporting this student is not married. current family situation. IA(4) Check all boxes that are needed to fully describe the current 1D Enter the address to which all future correspondence, family situation. including the Report of Family Contribution Family Report (if requested), should be mailed. See 1B(1) Write in the second student's last name, first name, and the following list for postal service abbreviations. middle initial. U.S. STATE AND TERRITORIES 1B(2) Give the grade that the second student will enter in 1997-98 Alabama AL Kansas KS Northern Mariana and indicate whether the student will attend a boarding Alaska AK Kentucky KY Islands MP school or day school.If the student is applying to both American Samoa ..AS Louisana LA Ohio OH Arizona AZ Maine ME Oklahoma OK types of schools, check both boxes. Use PK for pre-kinder- Arkansas AR Marshall Islands MH Oregon OR garten, KN for kindergarten, and PG for postgraduate. California CA Maryland MD Palau PW Colorado CO Massachusetts MA Pennsylvania PA 1B(3) Indicate the relationship of the individual(s) completing the Connecticut CT Mexico MX Puerto Rico PR Delaware DE Michigan MI Rhode Island RI form to the student listed above. Be sure to check the box District of Minnesota MN South Carolina ... SC for a parent/stepparent/guardian even if he/she is unem- Columbia DC Mississippi MS South Dakota .... SD Federated States of Missouri MO Tennessee TN ployed or does not work outside the home. A check at box 8 Micronesia FM Montana MT Texas TX implies that the person supporting this applicant is not Florida FL Nebraska NE Utah UT Georgia GA Nevada NV Vermont VT married. Guam GU New Hampshire .NH Virgin:a VA Hawaii HI New Jersey NJ Virgin Islands ....VI 1B(4) Check all boxes that are needed to fully describe the current Idaho ID New Mexico NM Washington WA family situation. Illinois IL New York NY West Virginia ... WV Indiana IN North Carolina...NC Wisconsin- WI 1C(1) Write in the third student's last name, first name, and Iowa IA North Dakota ND Wyoming WY middle initial. 43 BEST COPY AVAILABLE CANADIAN PROVINCES AND TERRITORIES 8B Mother, stepmother, female guardian:
Alberta AB Nova Scotia NS Enter taxable wages, salaries, tips, drawing accounts from British Columbia. BC Ontario ON self-employment, and other employee compensation before Labrador LB Prince Edward payroll deductions. Do not include income entered in Manitoba MB Island PE New Brunswick .. NB Quebec QC 8 Newfoundland ... NF Saskatchewan SK Northwest Yukon Territory YT 80 Enter taxable dividend and/or interest income. Report net Territories NT value of taxable and nontaxable investments in item 20 and total present' balances in parents' interest-bearing checking and savin s accounts in item 19. If you enter any 1E Check all boxes that are needed to fully describe the current family situation. figures in item 8 , y u must enter a response other than zero (0) in item 19 or 20 or an explanation in item 2A, 2B Enterrequestedinformation on parents, stepparents, and guardians who are completing this application. Check with 8D Enter annual alimony payments received or estimated to be the school(s) to which the student(s) are applying for school received. Enter child support received in item 11 policy on whose information is required. 8® Enter net profit or loss from business and/or farm as reported on personal income tax form. Enter a negative 3A, 3B Check the appropriate boxes. (loss) in parentheses i.e., (100). Complete item . Do 3C not include any amounts already entered in item 8A or 8B. 4 Enter the total number of persons you claimed or will claim Check appropriate box to indicate whose income is entered as exemptions on your 1996 federal income tax form. at 8 5 Enter the number of children, including the student(s), who 80 Enterall taxable income not previously reported. Include are residing in your home and/or for whom you are provid- pensions, unemployment compensation, annuities, rent. ing support in 1997.Do not leave blank.Complete items 25 royalties, estates or trusts, household expenses paid by and 26 for all children you have entered in item 5. separated or divorced spouse in lieu of alimony, employer 6 Enter the number of children you have included in item 5 provided taxed income from fringe benefit plans. capital who will be attending tuition-charging preschools, schools, gains, etc. or colleges in 1997-98. If you pay child support, do not 9A Enter only the amount of theuntaxedportion paid into our include any children for whom you provide such support. 1996 IRA. Do not include rollover IRA contribution. Do not leave blank.List the amount paid for child support in Enter the sum of your 1996 Keogh plan payments and self- item 9B employed SEP deduction. 7A Enter complete names, addresses, and SSS code numbers of the schools and/or agencies to receive copies of the Report Enter the total of allotherIRS-allowable adjustments to of Family Contribution. Check the box(es) next to each income: deduction for self-employment tax, self - employed school listed for each student who needs a report to be health insurance deduction, penalty on early withdrawal of sent to that school. If theschool or agency is not on the SSS savin and alimony paid to spouse. Itemize adjustments in Code List included with the PFS, contact the school, agency, item31 . Do not include itemized deductions. or SSS to obtain the assigned code number. Do not list 11 Total Nontaxable Income college or university names and code numbers.SSS mails 110 Enter total child support received or estimated to be received reports only to schools and agencies with assigned SSS from separated or divorced spouse for all children. code numbers.If you wish to receive your own report, enter "Family-Report" for school name and the SSS code 11® Enter totalfamilySocial Security benefits received or esti- mated to be received. number 9000.You do not have to check any of the boxes. You will receive only one copy of the Family Report. If you 11C) Enter all nontaxable income received or estimated to be are entering more than six recipients, complete the Addi- received and notpreviously,reported above.Complete tional School Request Form (ASR) on the next page (see worksheet area above item form for instructions) and return it with the PFS. If you Enter the total amount of itemized deductions from Sched- submit an ASR with the PFS, please note that initial pro- ule A of your IRS 1040 form. If you file a Form 1040A or cessing will be for the six recipients listed in item 7A of the do not itemize deductions on Form 1040, this item will be statement. Your PFS will then be processed for the schools zero (0). listed on the ASR. Thus, schools listed in item 7A will Enter parents' total federal income tax for 1995 from line receive SSS information earlier than schools listed on 13 54 of the IRS 1040 or line 28 of the IRS 1040A. Also enter the ASR. total federal tax (actual or estimated) for 1996. This infor- 7B Check total fee enclosed with the PFS. Enclose check or mation can be found on your 1996 federal income tax money order payable to School and Student Service for return. Please note that the line numbers may have changed. Financial Aid. Forms submitted without the processing fee Do not copy the amount labelled "Federal Income Tax will be returned. Donot send cash.Amount of payment is Withheld" from a W-2 form.Enter zero (0) if no tax was based on the number of schools requested, not the number paid or was estimated to be paid. Do not enter total taxable of student boxes checked. income, tax withheld, refunds, city or state income taxes. or 8 Total Taxable Income before Deductions FICA payments. 8A Father, stepfather, male guardian: 14 Enter self-employment tax paid for 1995. Also enter self- employment tax paid, or estimated to be paid, for 1996 from Enter taxable wages, salaries, tips, drawing accounts from your IRS 1040 form. self-employment, and other employee compensation before payroll deductions. Do not include income entered in Enter total amount paid in 1996 and estimated to be paid in 1997 for uninsured medical and dental expenses. Do not 8 include amounts cove d by insurance or the cost of insurance premiums. In item 31 , itemize amounts by each type of medical expense such as doctors' bills, medicine, and hos- BEST COPY AMIABLE pital bills. PART I (continued)
15A Include total amount you paid in 1996 and estimated to be Enter totalnetvalue of investments (market value minus paid in 1997 for insurance premiums for medical and liens or obligations) as of the date you complete this form. dental care. Enter taxable income in item 8© or 80 and nontaxable Enter the total amount spent during 1996 and estimated to income in 110 and 110 worksheet. Investments include be paid in 1997 for unusual expenses. If you pay child trust funds, certificates of deposit, stocks, bonds, mutual support, you may enter the amount paid for children funds, other securities, installment and land sale contracts, NOT included in item 5. Unusual expenses to be entered commodities, and precious and strategic metals.Do not here include nursing home care, legal fees, cloSing costs for include the value of pensions, rentplans, slRenterIRAs,A home purchases or home refinancing, sewer, street, and Keoghs. If you enter a figure initem, water assessments (installation only), unreimbursed tuition res onse other thin (0) in item , and for parents' education, and uninsured natudisasters (flood, 11 worksheet or an explanation in item fire, storm damage, etc.). Itemize in item 21® Enter amount ofoutstandingpersonal indebtedness: Do not include: include only the debts remaining from educational indebt- payments for appliances edness of parents (past), encumbrances (lien, personal loan for down payment etc.) against home or other real estate car payments and payments for indebtedness (PFS Items 17 and 18 ), general medical and dental expenses charge account or installment purchase payments (pastindebtedness to purchase investments listed in PFS charity or church contributions item 0 , living expenses if business failure, prolonged ill- child care payments ness, unemployment, etc., have depleted assets and forced college expenses for children indebtedness, past business debts (business dissolved), per- sonal debt to purchase business, natural disasters not covered payments for commuting by insurance (flood, fire, storm, etc.), funeral expenses (past), household help payments and legal ees (st). Do not includepenses already listed payments for routine home repairs in item Itemize in item payments on insurance premiums Do not include: payments for condo/association fees mortgage payments mortgage payments current business debts or farm, car, or other consumer payments for retirement plans debts connected to charge accounts or installment purchases 17 Enter the year purchased, purchase price, total fire insur- i.e., purchases charged to VISA. Mastercard. ance carried, present market value (or best estimate), American Express, or gasoline or department store credit unpaidprincipalon first mortgage, and annual mortgage cards payment on first mortgage. Do not enter the tax-assessed debts for routine home repairs value of your home. Do not include interest payments or schooling expenses for children property taxes in mortgage principal. However, include prop- travel expenses erty taxes and insurance in annual mortgage payments. If other debts listed elsewhere in the PFS value and/or mortgage is divided among other individuals, enter only your portion(s). If home is part of business property, enter only the market value and unp)* mortgage 210 Enter consumer debts for example, debts outstanding principal of the residence. Explain in item Ul if present for purchases charged to VISA, Mastercard, American market value is less than unpaid mortgage principal. Express, or gasoline or department store credit cards. Do not include any expenses or indebtedness already list in 17C) Enter requested information for the second mortgage or items ©, OD, or 210. Explain in detail in item home equity Kans included in item 17. Describe purpose of loan in item 21© Enter requested information. 17B Enter the total amount of unpaid principal and annual mort- If you own all or part of a business or farm, enter your gage payments on your home. The total amounts should be percent of ownership in item 22A, the total dollar value of the sum of entries in 17 plus 17C). all business /farm assets in item 22B, and the total dollar Enter the year purchased, purchase price, total fire insur- value of all business /farm liabilities in item 22C. Do not 0 ance carried, present market value, unpaid mortgage include information about your residence entered in item principal,and total annual mortgage payments of all other 17. Enter yszur share of net profit or loss from business/farm real estate or property other than your residence, business, in item 811 (be sure to check the appropriate box in item or farm. Do not enter tax-assessed value of the property. Do 8®) and your salary or drawing account from self- not include interest payments or property taxes in mortgage employment iitem 8A/8B. Indicate the kind of business/ principal. However, include property taxes and insurance in farm in item Note:some schools require business or annual mortgage payments. If value and/or mortgage farm owners to complete the SSS Business /Farm Statement. is divided among other individuals, eer only your portion(s). Send the completed statement directly to the school. For each property, specify in item U1 the types of other real Enter total assets for each student. If the application is being estate, their purpose, and year of purchase for example, completed for more than one student, be sure to enter the vacation home, income property, etc.; if itisiKome total assets for each in the same order as they appear in producing, include the net profit or loss in item 80. Be item 1. Include inheritances, savings, trust funds, stocks and sure to list all othreal estate holdings and describe each. bonds, real estate, and cash value of annuities or educational Explain in item 3if present market value is less than insurance policies. Provide a detailed list of these assets and unpaid mortgage principal. explain the source of any restrictions on the use of these 19 Enter total value of parents' interest-bearing checking and assets in item C). Do not include life insurance policies, savings accounts, including money market accounts. Enter stamp or coin collections, or the value of personal property. taxable interest received in item 8 or 8C) and non- taxable income in 11 . Enter student's accounts sepa- rately in item . If you enter a figure in item 19, ou must enter a response otr than zero (0) in item 8 C or an explanation in item 45 EST COPY AVAIIABLE ADDITIONAL SCHOOL REQUEST FORM
COMPLETE THE ADDITIONAL SCHOOL REQUEST FORM (ASR) BELOW IF: you have entered six recipients in item 7A of the Parents' Financial Statement and wish to name additional schoolsor agencies to receive a Report of Family Contribution, you have already submitted your PFS and wish to have additional reports sent to schools or agencies not designated on your original Parents'Financial Statement. Place the student(s) name(s) and identification in the same location as submittedon your original PFS. Note: This form cannot be used to request a report under the name of a child for whoma PFS has not been filed.
CUT TO DETACH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID DO NOT WRITE IN THIS SPACE Additional School Request Form 1997-98 Do not send to SSS after September 15, 1997.
Place the student s) name(s) and identification in the same location as submitted on your original PFS.
LAST NAME 1AL1l STUDENT Ill IFIRST NAME !VA. NAME
SEX STUDENTS DATEF BIRTH STUDENTS SOCIAL SECURITY NUMBER m MONTH DAY YEAR 0 F
IBM STUDENT 121 LAST NAME I FIRST NAME NAME IVA
SEX STUDENTS DATE OF BIRTH STUDENTS SOCIAL SECURITY NUMBER D m MONTH OAT YEAR 0 F
icti) STUDENT 131 LAST NAME I FIRST NAME NAME I V..I
SEX STUDENTS DATE OF BIRTH STUDENTS SOCIAL SECURITY NUMBER 0 m MONTH DAY YEAR
El F
ID ADDRESS TO NUMBER AN0 STREET WHICH ALL CORRESPONDENCE WILL BE MAILED CITY STATE ZIP CODE
1E Be sure to check the appropriate box(es) to each student. Ente complete names, state (see instructions), and SSS codenumbers of the schools and agencies to which copies of the reports are to be sent. Do not leave names and address areas blank. Please check appropriate box(es) for each student. Obtain code numbersfrom the SSS code list included with this form. If any school or agency yo_ designate is not listed, please request the code number from the school or agency. If you wish to receiveyour own report, enter "Family Report" and the SSS code number 9000 and send appropriate lee. . Student Student (2)(3)School Name State SSS Code No. (i) (1)(2)(3)School Name State SSS Code No. (11 1. 4.
2. 5.
3. 6.
Enclose your heck or money order payable to SSS. DO NOT send cash or stamps. Mail this form with the I authorize transmittal of copies of the Parents' Financial Statement for the appropriate Into SSS, P.O. Box 6657, Princeton, NJ 08541-6657. above-named student to the recipients named on this form.
Check the box corresponding to the number ol reports requested and 1 $8.00 3 $24.00 5 $40.00 Signature Date enclose the correct lee. 20 $16.00 4 $32.00 6 $48.00
BEST COPY AVAILABLE The information entered in Part H will be reviewed by the school financialaid administrator. Item No. 24A, B Enter requested information. as outside scholarships, government or foundation grants, or 25 Enter requested information for 1996-97, giving full name family educational insurance policies. If there are more than for each child counted at item 5. Where applicable, com- five children, continue to list this information in item plete B, C, D, E, F, G, H, 0, and O. The sum of E, F, G, 27 Enter requested information. H, , and0 should equal D. In addition, estimate and 28 Describe the pension plan(s) in item 0 . explain fully in item 0 any financial aid each student received from other sources entered in item 25 ®, such as 28B, C, Enter dollar amounts where applicable. For item 280, outside scholarships, government or foundation grants, or E, F, explain the cost of clubs in item family educational insurance policies. If there are mor than 28G Enter student's earnings in 1996 and give an estimate of them five children, continue to list this information in item for 1997. 26 Enter requested information for 1997-98, giving full name Enter requested information if separated or divorced. If there and age for each child counted in item 5. Be sure C, D, and E are special circumstances, explain in item O. are completed. In columns F, G, H, 1,01, K, and O, give estimated dollar amounts that will be available from each 30 A, B Enter the requested information. source for total school expenses for one academic year for All circled items with an entry must be explained here. Be as each student (including applicant[s]) in the family applying brief as possible. to schools or colleges. School expenses include tuition, NOTE: SSS requires the signature of at least one parent or guardian (see room, board, fees, and trans ortation. In addition, estimate section headed "Parents' Certification and Authorization" fol- and explain fully in item 31 any financial aid each tudent lowing item 0). If your PFS is received without a signature, it may receive from other sources entered in item 26 , such will be returned to you for completion.
417 PARENTS' ANNUAL INCOME AND EXPENSES er Information In boxes. Enter a zero if no other entry applies. Circled Items must be explained in Item 6. Estimated 1996 1997 TOTAL TAXABLE INCOME BEFORE DEDUCTIONS:
A Salaries and wages father, stepfather; male guardian
B Salaries and wages mother, stepmother, female guardian
0 Dividend and/or interest income
Alimony received
® Net profit/loss from CHECK ONLY ONE BOX:(1) Net profit/loss is father's, stepfather's, male guardian's business and/or farm. (2) Net profit/loss is mother's, stepmother's, female guardian's $ If loss, use parentheses. (3) 0 Net profit/loss is both
0 Other taxable income. If loss, use parentheses
A Untaxed portion of payments to IRA
B Keogh plan payments and self-employed SEP deduction $
Other IRS allowable adjustments to taxable income
TOTAL NONTAXABLE INCOME:
0 Child support received
$ 0 Social Security benefits +°` ® Other nontaxable income. Complete boxed worksheet area above item 0 10° 1995 IRS total itemized deductions from IRS Schedule A 4/0.
Total federal income tax (For 1995, from line 54 of IRS 1040 or line 28 from IRS 1040A) ,41e1
Self-employment tax paid $ $
Total medical and dental expenses not covered by insurance (see instruct' $ $
ATotal medical and dental insurance you paid $
Unusual expenses (see list of acceptable expenses in the instructions) $ PARENTS' ASSETS AND LIABILITIES r information in boxes. Enter a zero (0) If no other entry applies. Home (if owned): Total Fire Amount of Unpaid Principal Annual Payments on 19 Insurance Carried Present Market Value on First Mortgage First Mortgage Year purchased
Purchase price $ $ Do you have a second mortgage Amount of Unpaid Year of Second Year of Equity Annual Payments on Second or equity loan on your home listed in it5177 El Yes No Principal on Second Mortgage Mortgage/Equity Loan(s) If so, describe purpose of loan in item . Loan Mortgage/Equity Loan(s)
Enter the amount of your second mortgage/equity loan and your annual payments $ $ Total Unpaid Principal Total Annual Payments on All Mortgages and on All Mortgages and Equity Loans on Your HomeEquity Loans on Your Home
B Enter the total amount of unpaid principal and annual payments on all mortgages and equity loans on your home
All Other Real Estate: Describe property in 31 .
See instructions. Total Fire Present Market Value Year purchased 19 Insurance Carried of All Other Real Estate
r . Purchase price $
Bank accounts total of parents' interest-bearing checking and savings accounts
Other investments (see instructions) net value Do not include value of pensions, retirement plans, IRAs, or Keoghs
ID Indebtedness (see instructions) Do not include mortgages, business, farm, car, or other consumer indebtedness
IDConsumer indebtedness (see instructions)
:C) Amount of item 21® only to be paid during 1997
Complete item @only if you own a business and/or farm. See instructions. A Percent of ownership Be sure to complete the SSS Business/Farm Statement if the schools to which you are applying require it. B Assets
BEST COPY MAILABLE C Liabilities Student (1) STUDENT ASSETS (see instructions) 4 3 $ 11 ©WorksheetOther NontaxableIncome Complete this worksheet for item 11 .
1996 Estimated 1997
Payments to tax-deferred pensions arid savings plans.Include S amounts withheld from earnings for 401(k) and 403(b) plans.
Pretax contributions or employer-provided untaxedincome from fringe benefit plans (cafeteria or 125 plans).
Cash support, gifts, or any money paidon your behalf. From relatives
From non-relatives
Household expenses and any money paid by separatedor divorced spouse in lieu of child support.
Cash allowance given for housing, food, and other livingexpenses for military, clergy, and others.
Estimated annual cash value of housing and other benefitsprovided for military, clergy, and others.
Earned income credits.
Income from tax-exempt securities.
Welfare benefits.
Veterans' benefits.
Income earned abroad.
Other untaxed income and benefits not included above.
Enter these totals at PFS item 11© for 1996 and 1997, TOTAL g Use this space to explain all circled items with an entry andany unusual circumstances. Be as brief as possible. If additional paper. Do not send tax forms, letters, more space is needed, please use or other materials with your PFS as thes itiltrials will bedestroyed. Omission of explanations of circled items may affect the responseto your request for aid. 0. vit:;,10 140
BEST COPY AVAILABLE
PARENTS' CERTIFICATION ANDAUTHORIZATION We declare that the information reportedon this form, to the best of our copies of this form have our permission to verifythe information reported. knowledge and belief, is true, correct, andcomplete. We authorize trans- If asked by a school or agency,we agree to send an official copy of our mittal of this form to the schools and agenciesnamed in item 7A and its latest income tax return and/or a signedIRS form 4506 directly to the use by the School and Student Service for FinancialAid (SSS) as school or agency. described. The SSS or any of the schools andagencies named to receive
Signature of Male Parent or Guardian Date Signature of Female Parent or Guardian Date
Home Te ephone Number Office Telephone Number Home Te ephone Number Office Telephone Number T
Copyright © 1996 by Educational Testing Service. All rights reserved. Educational Testing Service, ETS, and the ETS logo designare registered trademarks of Educational Testing Service. BEST COPY AVAILABLIE
10hrAkk the Pr or agencyyou entered onthe._-tL,1- P' schooloragency . i
ALABAMA California (cont'd) California (cont'd) Delaware (coed) 1220Altamort School 4197Jewish Community Centers/San Francisco 8133Westland School 4063Independence School 1416Athens Bele School 4198Jewish Day School of Fresno 8158Westridge School 5635 Padua Academy 1519 Bayside academy 4234John Thomas Dye School 8166West Valley Christian School 5784 Pilot School 2320Chanote Country Day School 4288Branson School 8167Westwood Methodist Preschool 6280St Andrews School 3876 Highlancs Day School 4294Katherine Delmar Burke School 8210The Willow Community School 6324 St Anthony of Padua Grade School 4015 Houston Academy 4375Keys School 8216Wildwood School 6418 St Elizabeth High School 4084 Indian Springs School 4410 Kings Schools 8250Windrush School 6726St Marks High School 4770 Madison Academy 4422 Kittredge School 8269Windward School 6825St Mary Magdalen 5158 Montgomery Academy 4438 Laguna Blanca School 8302Woodside Priory School 7054 Salesianum School 5992 Randolph School 4444 La Jolla Country Day School 8379Yavneh Day School 7096 Sanford School 6510 St James School 4501 Landmark West School 8386York School 7624 Tatnall School Lick-Wilmerding High School 7690 Tower Hill School 6699 St Lukes Episcopal SchooVMobile 4630 COLORADO 6872 St Paula Episcopal School/Mobile 4676Los Encinos School 7864 Ursuline Academy 4802 Manhattan Academy 1041 Academy of Colorado Ballet 8234 Wilmington Junior Academy 7421 Southern Normal School 1183Alexander Dawson School 7452Springwocd School 4816 Maranatha High School 8235 Wilmington Christian School 4852 Marin Academy 1403Aspen Country Day School 8236 Wilmington Friends School 7793Tuscaloosa Academy 1765Boulder Jewish Day School 7607 UMS-Wright Preparatory School 4858 Marin Country Day School DISTRICT OF COLUMBIA 4860Mann Montessori School 2352Cherry Hills Christian School 1148Alden Montessori School ALASKA 4861 Mann Horizon School 2500Colorado Academy 1261 American Symphony Orchestra 3361 Gateway School 4863 Mann Waldorf School 2506Colorado Rocky Mountain School 1522Beauvoir School 4875Marlborough School 2512Colorado Springs School ARIZONA 1714Black Student Fund 4917 Marymount Academy Inc. 2791 Denver Christian Schools 1208All Saints Episcopal Day School Denver Academy 1731 Blessed Sacrament School 4918 Marymount High SchooVlos Angeles 2792 5276 DYCS-Narajo National 2075Capitol Hill Day School 4963Maybeck High School 2793Denver Waldorf School 5578 Orme School 2956Edmund Burke School 4966Mayfield Junior School 3244Fountain Valley School 5770 Phoenix Country Day School 3370Georgetown Day School 4972Mayfield Senior School 3317Friends School 6481 SI Gregory College Preparatory School 3490Graland Country Day School 3382 Georgetown Visitation Preparatory School 5022Menlo School SI Michaes Parish Day School 3445 Gonzaga College High School 6852 5074Midland School 3847Herz! Day School 7144Santori School 4167Jarrow Montessori School 4411 Kingsbury Center 5146Montessori Casa Dei Bambini 7219 Scottsdale Christian Academy 4324Kent Denver School 4700Lowell School 5251 Mount Tamalpais School 7930Verde Valley School 4670Logan School for Creative Learning 4822Maret School 5258The Mountain School 5167Montessori Childrens House of Evergreen 5272National Cathedral School ARKANSAS 5378North Bay Marin School Mountview Community Preschool and 5273National Child Research Center 5379North Bay Orinda School 5174 2171 Cathedral School Kindergarten 5476Oakcrest School 5459Notre Dame High SchooVSherman Oaks 5936 Pulaski Academy 5256Mountain View Academy 6110Rock Creek International School 7367 5473The Nueva School Shiloh Christian School 5634Paddington School 6256St Albans School 5483Oak Grove School 7556Subiaco Academy 6316St Anselms Abbey School 5505Oakland Hebrew Day School 6022Regis Jesuit High School 6311 St Annes Episcopal School 6856St Patricks Episcopal Day School CALIFORNIA 5511The Oaks School 7342 Sheridan School 1157A J Heschel Day School 5512Oakwood School 6769St Marys Academy/Englewood St Marys High SchooVColorado Springs 7366Sidwell Friends School 1098Active Reading Clinic 5530Ohr Eliyahu Academy 6817 7811 The Kirov Academy 1209All Saints Episcopal Day School 5574Oralingna School for Hearing Impaired 6930St Scholastica Academy 1219Alvemo High School 5609Our Saviors Lutheran School 7455Stanley British Primary School 8037Washington International School 7888Vail Mountain School 1358Archer School for Girls 5669Park Day School FLORIDA 1409Association of Children/Oakland 8188Whiteman School 5687Pasadena Waldorf School Academy at Ocean Reef 1414The Athenian School 1035 5688Pasadena Christian School CONNECTICUT 1100Admiral Farragut Academy 1520 Beacon Day/High School 5729Peninsula Heritage School 1450Avon Old Farms School 1192Alfred B Maclay Junior Day School 1587 Bentley School 5730Peninsula French American School 1627 81-Cultural Day School 1207All Saints Academy 1598 Berkeley Montessori School 5782Pilgrim School 1912 Brunswick School 1222Amelia Island Montessori School 1696Bishops School 5836Polytechnic School 2050Canterbury School 1789Brandeis Hillel Day School 1523Beaches Episcopal School 5893Prentice Day School 2362Cheshire Academy 1524Beach Park School 4288Branson School 5898Presido Hill School 2392Choate Rosemary Hall 1583Benjamin School 1822Brentwood School 5925Prospect School 2411 Christian Heritage School 1600Berkeley Preparatory School 1824 Brentwood SchooVlower Campus 5934PS/1 Elementary School 2566Convent of the Sacred Heart/Greenwich 1746Boca Raton Christian School 1847Bright Star Montessori School 5953Quadrille Academy 2613Cornerstone Christian School 1750Bolles School 1947Buckley School 6032Rhoades School 2632Country School Bonita Montessori School 1997Calmont School 1755 6039Rio Hondo Preparatory School 2942Eagle Hill SchooVGreenwich Bradenton Christian School 2029Campbell Halt 1787 6042Rio Lindo Adventist Academy 3076Ethel Walker School 2079Capistrano Valley Christian School 2053 Canterbury SchooVFort Myers 6082Robert Louis Stevenson School 3093Ezra Academy Canterbury School of Florida/St Petersburg 2097Cardinal Newman High School 2062 6137Rolling Hills Prep School 3100Fairfield Country Day School Cardinal Gibbons High School 2152Castilleg School 2090 6278Saint Andrews School 3191 The Foote School 2092Cardinal Mooney High School 2170Cate School 6372Saint Catharines Military School 3220Forman School Carrollwood Day School 2212Cathedral School for Boys 2135 6453St Georges Academy 3556Greens Farms Academy Carrollton School of the Sacred Heart 2238Center for Early Education 2136 6512St James School 3568Greenwich Academy 2239Centers of Learning 2233Cedar Montessori School 6522St John Bosco High School 3580Greenwich Country Day School Christian Home & Bible School 2248Chadwick School 2414 6556St Johns Episcopal School 3628The Gunnery 2420Christopher Columbus High School 2255The Chandler School 6715St Margarets Episcopal School 3658 Hamden Hall School 2550Community School of Naples 2304Charles Armstrong School 6729St Marks School/San Rafael 3963Holy Cross High School Covenant Community School 2350Chatsworth Hill Academy 2567 6734St Marks Episcopal School/Downey 4012Hotchkiss School 2672Crestwell School 2382Childrens Community School 6836St Matthews Episcopal Day School/San 4066The Independent Day School 2387Childs Pnmary School 2700 Cushman School Mateo 4078Indian Mountain School 3037Episcopal High School of Jacksonville 2389Childrens School 6838St Matthews Parish SchooVPacific Palisades 4336Kent School 3157The First Academy 2391 Chinese/American International School 6839St Michael & All Angels SchooVStudio City 4408King & Low-Heywood Thomas Schools Florida Air Academy 2460Clairboum School 3180 6845St Michaels Episcopal Day School/Carmichael 4414Kingswood-Oxford School 2485College Preparatory School 3427Glades Day School 6854St Nicholas School/Las Altos Hills 4666Long Ridge School 2563Concordia School 3477Grace Episcopal 6868St Paul the Apostle/Los Angeles 4672Loomis Chaffee School 2590Stuart Hall Boys/Convent of the Sacred 3616Gulf Stream School 6875St Pauls Parish Day SchooWentura 4778Maimonides Academy of Western Heart 3622Gulliver Prep School 6905St Pauls Episcopal SchooVOakland Connecticut 2608Cornelia Connelly School 3893Hillel School of Tampa 7023Sacramento Country Day School 4834Marianapolis Preparatory School 2636The Country School 4082Indian River Christian School 7030Sacred Heart Schools/Atherton Marvelwood School 2660Crane School 4888 4156Jacksonville Country Day School 7047Saklan Valley School 4947Masters School 2676Crossroads School 4194Jewish Community Day School 7053Salesian High SchooVRichmond 4214 2678Crossroads Elementary School 4996 Mead School John Carroll High School 7084San Domenico School 5122Miss Porters School 2684Crowden School 4462lake Highland Preparatory School 7098San Francisco Ballet School 5145Montessori Discovery School 4746McClellan Park Day School 2681 Crystal Springs Uplands Schools 7099San Francisco Day School 5163Montessori School of Northwestern 5055Miami Country Day School 2884Don Bosco Technical Institute 7100The San Francisco School Connecticut 5142Monsignor Pace High School 2888Drew College Preparatory School 7108San Francisco University High School 5176Mooreland Hill School 2914Dunn School 5485Oak Hall School 7109San Francisco Waldorf School -5302New Canaan Country School 2947East Bay Waldorf School 5612Out of Door Academy 7132Santa Catalina School 5800Pine Point School Palmer Trinity School Inc 2954East Bay French American School 5654 7133Santa Cruz Waldorf School 5842Pomfret School 5736Pensacola Catholic High School 2964Edgewood Star 7134Santa Margarita High School 5952Putnam Indian Field School 3172Flintridge Preparatory School 5793Pine Crest School at Boca Raton 7137Santa Fe Christian School 6016Rectory School 5794 3175Flintridge Sacred Heart Academy Pine Crest School 7140Santa Ynez Valley Family 6028Renbrook School Ransom-Everglades School 3190Foothill Country Day School 6004 7276Seven Hills School 6194Rumsey Hall School 6056Riverside Presbyterian Day 3265Francis W. Parker SchooVSan Diego 7370Sierra SchooVEI Cerrito 6697St Lukes School 6077Robert F Munroe Day School 3277Freeman School 7410Sonoma Country Day School 6718St Margarets-McTeman School 6265St Andrews Episcopal SchooVFort Pierce 3274French American International School 7411 Sonoma Valley Waldorf School 7060Salisbury School 6267St Andrews Episcopal Day School/ 3337The Frostig Center 7422South Peninsula Hebrew Day School 7355Shoreline Christian School Jacksonville 3355The Garden School 7473Stephen S Wise Temple Schools 7420South Kent School 6286St Andrews SchooVBoca Raton 3362Gateway School 7627Tehiyah Day School 7558Suffield Academy St Ann SchooVNaples 3407Gillispie School 6314 7648Thacher School 7600Taft School 6361St Bernadette Catholic School 3450Gooden School 7708Town School for Boys/San Francisco 7603Talcott Mountain Academy St Brendan High School 3664Hamlin School 6362 7790Tumingpoint 7852Unquowa School 6412St Edwards SchooWero Beach 3695Happy Valley School 7861 Urban School of San Francisco 8050Watkinson School 6544St Johns Country Day School/Orange Park 3706Harbor Day School 7938Viewpoint School 8134Westminster School 6552St Johns Episcopal SchooVHomestead 3711 The Harker School 7949Villanova Preparatory School 8152Westover School 6566St Johns Parish Day SchooVTampa 3736Harvard-Westlake School 7996Walden School of Califomia/Pasadena 8182Whitby School Inc 6627St Josephs SchoolBoynton Beach 3790Head-Royce School 8013Waldorf School of Orange County 8222Williams School St Marks Episcopal Day School/Jacksonville 3869Highland Hall Inc 6728 8031 Warner Brothers Childrens Center 8314. Wooster School 3888Hillel Hebrew Academy 6731St Marks Episcopal SchooVFort Lauderdale 8057Waverly School 6793St Marys Episcopal Day School/Tampa 4056 IdyINAld Arts Academy DELAWARE 8080The Webb Schools/Claremont 6848St Michaels School/Stuart 4069Independent Schoolliance for Minority Albert Einstein Academy 8103Westchester Neighborhood School 1177 6859St Patrick School/Miami Beach Affairs 0 8108Westerly School of Long Beach 1366Archmere Academy ti 6874St Pains SchooVCleanvater 161/511 tLUir llfiVARILstillED.R.X.
Florida ( cont'd) Illinois (cont'd) Maryland (cont'd) Massachusetts (cont'd) 6911 St Philips Episcopal SchooVCoral Gables 7814The University of Chicago Laboratory 1975Butler School 2728Dana Hall School 6939St Stephen Catholic SchooVMiramar Schools 2001 Calvert Hall College High School 2764Dedham Country Day School 6944 St Stephens Episcopal Day School/ 8055Waukegan Christian School 2002Calvert School 2770Deerfield Academy Coconut Grove 8231 The Willows Academy 2005Calverton School 2794Derby Academy 6946 St Stephens Episcopal School/Bradenton 8284Woodlands Academy 2353Chesapeake Academy 2842Dexter-Southfield Schools 6986 St Thomas Episcopal SchooVMiami 2358Chesapeake Montessori School 2938Dynamy 7110 San Jose Episcopal Day School INDIANA 2564 Connelly School of the Holy Child 2944Eaglebrook School 7225 Seacrest Country Day School 1669Bishop Chatard High SchoOl 2638The Country School 2959Ecole Bilingue 7343 Sheridan Hills Christian School 1687Bishop Luers High School 3001 Emmanual Christian Day School 2967Eliot Montessori School 7357 Shorecrest Preparatory School 1798Brebeuf Preparatory School 3090Evergreen School 3113Falmouth Academy 7434 Spanish River Christian School 2056Canterbury School 3305 Friends Meeting School 3130 Fay School 7567 Summit Christian School 2172Cathedral High School 3316 Friends School/Baltimore 3133 Fayerweather Street School 7612Tampa Preparatory School/Univ of Tampa 2686Culver Educational Foundation 3358Garrison Forest School 3136 Fenn School 7728Trinity Christian Academy 2970Elkhart Baptist Christian School 3376Georgetown Preparatory School 3148 Fessenden School 7756Trinity Preparatory School 3088Evansville Day School 3405Gibson Island Country School 3432Glen Urquhart School 4138The International School of Indiana 3412Gilman School 3466Governor Dummer Academy GEORGIA 4426Kokomo Christian School 3430Glenelg Country School 3500Great Barrington Rudolf Steiner School 1094Achievement Academy 4580Le Mans-Academy 3476Grace 8 St Peters School 3598Groton School 1352The Archbishop Donnellan School 4840Marian Heights Academy 3479Grace Episcopal Day School 3908 Hillside School 1417Athens Academy 5541 Oldenburg Academy 3505Green Acres School 3978 Holyoke Catholic High School 1418Atlanta International School 5683Park Tudor School 3634Gunston School Inc 4152 Ithaka Cultural Study Program 1428Augusta Preparatory Day School 6616St Joseph Hessen-Cassel 3735 Harlord Day School 4193The Jewish Community Day School 1580Benedictine Military School 6618St Joseph High School 3829Heights School 4229John Dewey Academy 1585Ben Franklin Academy 6916St Richards SchooVIndianapolis 3833 Henson Valley Montessori School 4500Landmark School 1791 Brandon Hall School 7182Scecina Memorial High School 3958 Holton-Arms School 4552 Lawrence Academy 1813Brenau Academy 7589Sycamore School 3984Holy Trinity/Glen Burnie 4612 Lexington Christian Academy 1885Brookstone School 7760Trinity School at Greenlawn 3989Holy Trinity Episcopal Day School 4615 Lexington Montessori School 2419 Christian Heritage School 4077 Indian Creek School 4762 MacDuffie School 2734 Darlington School IOWA 2565Cono Christian School 4168Jemicy School 4985 Meadowbrook School of Weston 3018 Episcopal Day School 4213John Carroll School 5068Middlesex School 3168 First Presbyterian Day School 2821 Des Moines Christian School 6652St Katharine/St Marks School 4348Kent School 5098Milton Academy 3346 Galloway Schorr 4372 Key School 5120Miss Halls School 3363 Gatewood Schools 7174 Scattergood School 7746Trinity Lutheran School 4430Krieger Schechter Day School 5149Montessori Community School 3838 Heritage School 4504 Landon School 5267Nashoba Brooks School of Concord 3970 Holy Innocents Episcopal School KANSAS 4659 Little Flower School 5314Newman Preparatory School 4020The Howard School 1591 Berean Academy 4669Lone Oak Montessori School Inc 5332Newton Country Day School 4437 LaGrange Academy 2243Central Christian Academy 4720Loyola High School 5368Noble & Greenough School 4484 Lakeview Academy 3794Heartland Christian School 4750McDonogh School 5392Northfield Mount Hermon School 4696Lovett School 4055Hyman Brand Hebrew Academy 4753 McLean School of Maryland 5396North Shore Christian School 4870Marist School 4068Independent School 4806Manor Montessori School 5434 Notre Dame Academy/Worcester 5255 Mount Vernon Christian Academy 4997Meadowlark School 4835Marion Burk Knott Scholarship Fund 5442Notre Dame Academy/Hingham 5593Our Lady of the Assumption School 7682Topeka Collegiate School 4894Mary Byrd Wyman Memorial Association 5674The Park School 5602Our Lady of Lourdes Catholic School 7724Trinity Academy/Wjchita of Baltimore City 5758Phillips Academy 5626 Pace Academy 8200Wichita Collegiate School 4946Maryvale Preparatory 5771 Phoenix School 5638 Paideia School Inc 8201 Wichita Friends School 5320Newport School 5776Pike School Inc 5772 Piedmont Academy Inc 5371 Norbel School 5792Pine Cobble School 5795 Pinecrest Academy KENTUCKY 5425Norwood School 5818Pingree School 5974 Rabun Gap Nacoochee School 2253The Chance School 5463Notre Dame Preparatory School 6007 Rashi School 6180Royce Learning Center 4360Kentucky Country Day School 5525Odyssey School 6058The Rivers School 6282 St Andrews on the Marsh 4618Lexington School 5542Oldfields School 6178 Roxbury Latin School 6322 St Anthony Catholic School 4684Louisville Collegiate School 5596Our Lady of the Chesapeake 6548 St Johns High School 6523 St John Neumann Regional Catholic School 6424St Francis High SchooVLouisville 5597Our Lady of Perpetual Help 6730 St Marks SchooVSouthborough 6913 St Pius X High School/Atlanta 6442St Francis SchooVGoshen 5645 Palloni High School 6934St Sebastian School 6988St Thomas More Catholic School 7162Sayre SchooVLexington 5668 Park School 7216School Year Abroad 7150Savannah Country Day School 7562 Summit Academy 5956Queen Anne School 7306Shady Hill School 7185 Schenck School 7816University Heights Academy 5980 Radcliffe Creek School 7354Shore Country Day School 7605 Tallulah Falls School 7944Villa Madonna Academy 6136 Roland Park Country School 7382Smith College Campus School 7771 Trinity SchooVAtlanta 7995Walden School 6205Ruxton Country School 7397Solomon Schechter Day SchooVNewton 8008 Walker School 6264St Andrews Elementary & Nursery School/ 7403Solomon Schechter Day SchooVWorcester 8136 Westminster SchooVAugusta LOUISIANA 1077 Academy of the Sacred Heart/Grand Coteau Edgewater 7412South Area Solomon Schechter Day School 8140Westminster Schools/Atlanta 6266St Andrews Episcopal SchooVBethesda 7426South Shore Christian Academy 8308 Woodward Academy 1084 Academy of the Sacred Heart/New Orleans 1353 Archbishop Rummel High School 6313St Annes Day School 7447Springfield Christian School HAWAII 1384 Ascension Day School 6423St Francis Episcopal Day 7504 Stoneleigh-Burnham School 1290Angels at Play 1982 Cabrini High School 6506St James Academy/Monkton 7594Tabor Academy 1408Assets School 2224Catholic High School 6514St James School/St James 7630Tenacre Country Day School 2240Central Union Church Preschool 2276Chapel Tratton School 6518St Jane Frances de Chantal School 7654Thayer Academy 2403 Christian Academy 2424Christ Episcopal School 6555St Johns Episcopal School/Olney 7686Touchstone Community School 3006 Epiphany School 3007Epiphany Day School 6559St Johns Literary Institution at Prospect Hall 7696Tower School 3682 Hanahauoli School 6626St Joseph School/Baltimore 8005Waldorf SchooVLexington . 3028Episcopal High School 3760 3032Episcopal School of Acadiana 6880St Pauls School/Brooklandville 1518Waldorf School of Cape Cod 3766Hawaii Preparatory Academy 3478Grace Episcopal School 6892St Pauls School for Girls/Brooklandville 8014Walnut Hill School 3976 Holy Nativity School 4150Isidore Newman School 6994St Timothys SchooVStevenson 8030Waring School 4008Horizons Academy 4681 Louise S McGehee School 7066Salisbury School 8198Whitinsville Christian Academy Sandy Spring Friends School 4144 lolani School 5050Metairie Park Country Day School 7090 8206Wilbraham and Monson Academy 4149 Island School 5313New Orleans Jewish Day School 7288Severn School 8230Williston-Northampton School 4515 La Pietra-Hawaii School for Girls 5584Ouachita Christian School 7494Stone Ridge Country Day School 8242The Winchendon School 4576Le Jardin Academy 5684Parkview Baptist School Inc 7569Summit School 8266Winsor School 4730Lutheran High School-Hawaii 6271 St Andrews Episcopal SchooVNew Orleans 7762Trinity School 8285Woodland Academy 4913Maryknoll Schools 6459St Georges Episcopal School 8002Waldorf School of Baltimore Inc 8312Woodward School for Girls 4959 Maui Ocean Academy 6515St James Episcopal School 8036Washington Episcopal School 8320Worcester Academy 5151 Montessori of Maui Inc 6725St Marks Cathedral School 8044Washington Waldorf School 8146West Nottingham Academy MICHIGAN 5152Montessori Community School 6746St Martins Episcopal School/Metairie 1072Academy of the Sacred Heart Montessori Hale O'Keiki Inc 8294 Woods Academy 5159 6870St Pauls Episcopal School/New Orleans 1293Ann Arbor Christian School 5608 Our Redeemer Lutheran School 6919St Rita School MASSACHUSETTS 1621 Bethesda Christian School 5662 Parker School 7418Southfield School 0752Stepping Stone Foundation 2232Cedar Crest Academy 6274St Andrews Priory School 7738Trinity Episcopal SchooVNew Orleans A Better Chance Inc 2609Cornerstone Christian Academy 6733St Marks Lutheran School 1024 1033Academy at Charfemont 2656Cranbrook Schools 7036 Sacred Hearts Academy MAINE 1036 Academy Hill Center for Gifted Children 2825Detroit Waldorf School 7222 Seabury Hall 1401 Ashwood Waldorf School 1123Advent School 2990Emerson School 7925 Variety School 1517 The Bay School 1624 Berwick Academy 1330Applewild School 3084Eton Academy IDAHO 1792 Breakwater School 1422Atrium School 3272Franklin Road Christian School 2547 The Community School 1840Bridgton Academy 1432Austin Preparatory School 3322Friends School in Detroit Inc 5822 Pioneer Montessori 2125Carrabassett Valley Academy 1480Bancroft School 3402Gibson School for the Gifted 1513Bay Farm Academy 3538Greenhills School ILLINOIS 3340Fryeburg Academy 3456Goodwill-Hinkley School 1528Beaver Country Day School 3592Grosse Pointe Academy 1090 Academy of the Sacred Heart-Hardey 3460Gould Academy 1558Belmont Day School 3885Hillel Day School/Farmington Hills Preparatory 3826Hebron Academy 1564Belmont Hill School 4046Huron Valley School 1181 AJcuin Montessori School 4054Hyde School 1570The Bement School 4117Interfochen Arts Academy 1289 Ancona School 4354Kents Hill School 1606Berkshire Country Day School 4166Japhet School 1444 Avery Coonley School 4785Maine Central Institute 1612Berkshire School 4276Kalamazoo Academy 1460 Baker Demonstration School 4788Maine Coast Semester 1761Boston University Academy 4570Leelanau School 1614 Bernard Zell Anshe Emit School 4789Maine School of Science & Math 1852Bummer and May School 5160Montessori School 1835 Brickton Montessori School 5044Merriconeag School 1882Brooks School 5407Northville Christian School 2376 The Chicago Academy For The Arts 5422North Yarmouth Academy 1888Brookwood School 5829Plymouth Christian Academy 2378 Chicago City Day School 6392St Dominic Regional High School 1930Buckingham Browne & Nichols 6130Roeper City and Country School Christian Heritage Academy 2409 8068Waynflete School 2014Cambridge Friends School 6183Rudolf Steiner School Association 2639Countryside Montessori School 2017Cambridge Montessori School 6430St. Francis of AssisVAnn Arbor 2962 Elgin Academy MARYLAND 2020Cambridge School 6830St. Marys-Orchard Lake School 3262 Francis W Parker School 1060Academy of the Holy Cross 2074Cape Cod Academy 7362Shrine Parish Schools 4249Judah Christian School 1286 Annapolis Area Christian School 2134Carroll School 7417Southfield Christian School 4300Keith Country Day School 1355Archbishop Spalding High School 2278Chapel Hill-Chauncy Hall School 7828University Uggett School 4450Lake Forest Academy 1474 Baltimore Christian School 2308Charles River School 7900Valley School 4456 Lake Forest Country Day School 1475Baltimore Educational Scholarship Trust 2368Chestnut Hill School MINNESOTA 4534The Latin School of Chicago 1476Baltimore Hebrew Congregation Day School 2381 Childrens House 1620Bethany Academy 4876Marmion Academy 1488The Banner School 2388Childrens Montessori School 1726The Blake School 5282Near North Montessori School 1494 Barnesville School 2464Clarke School for the Deaf 1804 Breck School 5395Northridge Preparatory School 1497 Barrie School Cohen Hillel Academy 2481 2245Chadashchay Christian School 5398North Shore Country Day School 1626Beth Tfiloh School 2539The Common School 2596Convent of the Visitation School 6132Rogers Park Montesson School 1786Boys Latin School 2542Commonwealth School 2602Cotter High School 6181 Roycemore School 1924Bryn Mawr School 2560Concord Academy 3327Friends School of Minnesota 6772 St Marys Acadenty/Nauvoo 1960 Cushing Academy r The Bullis School 2698 tl+ School and Student Service for Financial Aid 41-Z PARENTS' FINANCIAL STATEMENT Academic Year 1997-98 Helpline: (609) 406.5380
PART I .-
) STUDENT() LAST NAME FIRSAT NME M.I. (LIstders1I.1 lst studenot ti iiiiriIII111111111Hili E)( STUDENTS DATEF BIRTH witiiiiiiiiiiiii STUDENTS SOCIAL SECUR TY NUMBER MONTH DAY YEAR -_. 1A(2) G ade student will enter in September 1997: 1 =F Indicate whether boarding or day: Boarding Day i 1 1 1 .1 I i I I i 1A(3) Indicate the rela ionship of the indiv dual(s) completing the form to the 1A(4) Student lives with (Check all that apply.): student listed above. 1. Father 4. Stepmother 7. 0 Parents Separated or Divorced 9 0 Father11. 0 Stepfather 13. 0 Male Guardian 2. Mother 5. Male Guardian 8. Single Parent 3. 0 Stepfather6. 0 Female Guardian 10. Mother12. Stepmother14. Female Guardian
) STUDENT (2) LAST NAME FIRST NAME M
---6. 1 11111111111111111111111111111111111 SEX STUDENT'S DATE F -BIRTH STUDENTS SOCIAL SECURITY NUMBER M MONTH DAY YEAR 18(2) G ade student will enter inSeptember 1997: I F Indicate whether boardingor day: Boarding Day I 1 I I] I I I I I 113(3) Indicate the rela ionship of the individual(s) completing the form to the 1B(4) Student lives with (Check all that apply.): student listed above. 1. Father 4. 0 Stepmother 7. -0 Parents Separated or Divorced 9 0 Father 11. 0 Stepfather 13. 0 Male Guardian 2. Mother 5. Male Guardian 8. Single Parent 3. 0 Stepfather6. 0 Female Guardian 10. Mother12. Stepmother14. Female Guardian
STUDENT (3) LAST NAME RRST NAME IIHI111111111111111111 1111111111111111111 SEX STUDENTS DATEF BIRTH STUDENTS SOCIAL SECUR TY NUMBER M MONTH DAY YEAR 1C(2) G ade student will enter inSeptember 1997: 1 2 F Indicate whether boarding or day: Boarding Day I I I I-I I I I 1C(3) ndicate the ela ionship of the individua (s) completing he form to the 1C(4) Student lives with (Check all that apply.): student listed above. 1. 0 Father 4. 0 Stepmother 7. Parents Separated or Divorced 9. Father 11. 0 Stepfather 13. Male Guardian 2. Mother 5. 0 Male Guardian 8. 0 Single Parent 3. 0 Stepfather6. 0 Female-Guardian 10. Mother12. Stepmother14. Female Guardian
DRESS TO NUMBER AND STREET .CHALL 1E Check all that apply to the person(s) completing this form: RRESPONDENCE 1 I I I I LL BE 1. 0 Father Disabled 3. Father Deceased I 1 I I I 1 1 .:LED I 11 111 I I I I I CITY STAT ZIP CODE 2. Mother Disabled 4. Mother Deceased
-2A FATHER, STEPFATHER, OR MALE GUARDIAN 2B MOTHER, STEPMOTHER, OR FEMALE GUARDIAN
ME AGE NAME AGE ME ADDRESS ZIP CODE HOME ADDRESS ZIP CODE UPATION TITLE OCCUPATION TITLE PLOYED BY Part time YEARS WTH FIRM EMPLOYED BY Part timeYEARS WTH FIRM Full time Full time
The information on this form is from a tax return that is: 4. How many federal income tax exemptions did you or will you claim Completed Estimated for 1996? Income Tax Filing Status:For 1996 For 1997 5. How many CHILDREN, including the student, are residing (1) Single (1) Single in your home and/or receiving support from you in 1997? (2) 0 Married, joint return (2) 0 Married, joint return (List in items 25 and 26; do not leave blank.) (3) Married, filing separately (3) Married, filing separately 6.How many CHILDREN entered in item 5 will be attending tuition-charging (4) Head of household (4) 0 Head of household schools or colleges in 1997 -98? (Do not leave blank.) Enter at least one (1) (5) Do not file (5) Do not file for student
Did the student(s) file a federal tax return for 1996?Student (1) Yes No Student (2) Yes1:1 NoStudent (3) Yes No
Enter complete names, state (see instructions), and SSS code numbers of the schools and agencies to which copies of the reports are to be sent.Do not leave names and address areas bank. Please check appropriate box(es) for each student. Obtain code numbers from the SSS code list included with this form. If any school oragency you designate is not listed, please request he code number from the school or agency. If you wish to receive your own report, enter "Family Report" and the SSS code number9000 and send appropriate fee. tudent Student (2) School Name State SSS Code No. School Name (3) (1)(2) (3) State SSS Code No. 1. 4. 2. 5.
3. 6.
Check total fee enclosed. 1 2 0 3 4 S 6 IDo not write in this space.FW O. 0nn" eAn nn CAR nn etc nn to check or money order payable to School and Student Service to, Financial Aid: $15.00 for one school and $8.00 for each additional school orparent. Amount due Is based on the number of schools requested. Pennsylvania (cont'd) Tennessee (cont'd) Texas (cont'd) 3298 Virginia (cont'd) Friends Central School 1831 Briarcrest Christian School 5869Post Oak School 3325 5436Notre Dame Academy Friends School/Haverford 1844 Bright School 5906Prince of Peace Christian School 3328Friends Select SchooVPhiladelphia 5474Nysmith School for the Gifted .. 2348Chattanooga Christian School 5928Providence Christian School 3364George School 5601 Our Lady of Mount Cannel 2402Christian Academy of Knoxville 6021 3365 Regents School of Austin 5705The Peabody School Gateway School of the Lehigh Valley 2405Christian Brothers High School 6023Regis School 3394Germantown Academy/Fort Washington 5728Peninsula Catholic High School 2417Christ Presbyterian Academy 6049River Oaks Baptist School 3455 Goshen Friends Schools 5866 Portsmouth Catholic High School and 2427Christ Methodist Day School 6218St Agnes Academy 3586 Grier School 2468Clarksville Academy Elementary School 6250St Albans Episcopal School 5872Potomac School 3724 Harrisburg Academy 2515Columbia Academy 6261 St Alcuin Montessori School 5890Powhatan School 3754The Havertord School 2741 David Lipscomb Campus School 6270St Andrews Episcopal School/Austin 5923Project Match 3898The Hid School 2742Davidson Academy 6385St Clements Episcopal Parish School 6070 3907The Hillside School 2745The Day School Roanoke Catholic Schools 6419St Francis Academy/San Antonio 6269 3967Holy Ghost Preparatory School: 2881 Dominican Campus St Andrews Episcopal SchoollNewpon 6421 St I News 4153' Israel Ben Zion Academy 2887Donelson Christian Academy 6422St Francis Episcopal Day SchooVHouston 6310St Annes- Belfietd School 4396 Kimberton Waldorf School 3004Ensworth School 6507St James Episcopal School/Corpus Christi 6370St Catherines School/Richmond 4420Kiski School 3085Evangelical Christian School 6554 St Johns Episcopal School/Odessa 6382St Christophers SchooVRichmond 4498 Lancaster Country Day School 3092Ezell-Harding Christian School 6586St Johns SchooVHouston 6411 St Edward Epiphany School 4523La Salle College High School 3127Father Ryan High School 4646 6661 St Laurence Catholic School 6480St Gertrude High School Linden Hall 3270Franklin Road Academy 6700St Lukes Episcopal School/San Antonio 6485St Gregory the Great School 4798Malvern Preparatory School 3304Friendship Christian School 6732 St Marks Episcopal School/Houston 6709St Lukes Lutheran School/Culpeper 4984Meadowbrook School 3424Girls Preparatory School 6736St Marks School of Texas/Dallas 6724St Margarets School 4999 Media-Providence Friends School 3452Goodpasture High School 6802St Marys HalVSan Antonio 6762St Mary Star of the Sea School 5026Mercersburg Academy 3475Grace Baptist Academy 6844St Michaels Academy/College Station 6843St Michaels Episcopal School/Richmond 5633Mercy Hospital Child Development Center 3481 Grace St Luke Episcopal School 6851 St Michaels School/Houston 6964St Stephens and St Agnes School 5041 Menon Mercy Academy 3709Harding Academy/Memphis 6850St Monica SchooVDallas 7037Sacred Heart SchodManville 5131 MMI Preparatory School 3710Harding Academy/Nashville 6873St Pouts Episcopal SchooVWaco 7419Southampton Academy 5170 Montgomery School 3718Harpeth Hall SchooVNashville 6920St Rita Catholic Parish 7482SteWard School 5188 Moravian Academy 3719Harpeth Academy/Franklin 6952St Stephens Episcopal SchooVAustin 7540Stuart Hall 5321The New School of Lancaster 3733The King's Academy 6987St Thomas More School 7560 5338Hey/tom Friends School 3859 Sullins Academy Hickory Valley Christian School 7072San Antonio Academy of Texas 7618 The Tandem School 5424Norwood-Fontbonne Academy 4048Hutchison School 7111 San Marcos Baptist Academy 7675 Tidewater Academy 5464Notre Dame Schools/East Stroudsburg 4059Immaculate Conception High School 7218Schofield Christian School 7733Trinity Episcopal School/Richmond 5504Oak lane Day School 4155Jackson Christian School 7250Second Baptist School 7860Urban League of Hampton Roads Inc 5735Penn View Christian School 4493Lamplighter School, Inc. 7252Selwyn SchooliDenton 7972Virginia Episcopal School/Lynchburg 5740Perkiomen School 4546Lausanne Collegiate School 5746 7590Sycamore School Inc 7983Wakefield Country Day School Philadelphia Monthly Meeting of Friends 4744McCallie School 7641 Texas Boys Choir School 5752 Philadelphia School 7984 Wakefield School Inc 5014Memphis University School 7645Texas Military Institute 5754 Phil-Mont Christian Academy 8024Walsingham Academy 5066Middle Tennessee Christian School 7720Trinity Christian Academy (Houston) 5828 Plumstead Christian School 8223The Williams School 5164Montgomery Bell Academy 7725Trinity Christian Academy (Addison) 5954Quaker School at Horsham 8272 Woodberry Forest School 5226Mount Juliet Christian Academy 7729The Trinity School of Texas/Longview 6145Rosemont School 8274Wise County Christian School 5268Nashville Christian School 7732Trinity Episcopal Day Schoot/Marshall 6219St Aloysius Academy 5458Notre Dame High School WASHINGTON 6406 7736Trinity Episcopal School St Edmunds Academy 5494Oak Hill School 1294 6910 7774Trinity School of Midland Texas Annie Wright School St Peters SchooUPhiladelphia 5897Presbyterian Day School 1420 7204 7780Trinity Valley School Auburn Adventist Academy School of the Holy Child/Drexel Hill 6220St Agnes-St Dominic School 1552 7300 7870Ursline Academy-Diocese of Dallas Bellevue Christian School Sewickley Academy 6292St Andrews-Sewanee School 1616 7312 7920Vanguard School Bertsch' School Shady Side Academy 6458St Georges Day School 1972 7348 8184White Lake School Bush School Shipley School 6796St Marys Episcopal School/Memphis 2236 7390 8270Winston SchooVSari Antonio Cedar River School of Renton Solebury School 6853St Nicholas SchooL/Chattanooga 2314 7450 8273Winston School/Dallas Charles Wright Academy Springsrde School 6864St Paul Christian Academy 2618 7454 8280 Woodlands Christian Academy Cougar Mountain Academy Spruce Hid Christian School 6908St Peters Episcopal School/Chattanooga 2867 7578 Discovery School Susquehanna Waldorf School 7035Sacred Heart Cathedral School UTAH 2948Eastside Catholic High School 7582 Swain School 7571Sumner Academy 6165Rowland Hall-St Marks School 7813 3010Epiphany School University City New School 7680Tipton Rosemark Academy 7810United States Ski Team 3083Eton School 7858 Upland Country Day School 7726Trinity Christian Academy 8032Wasatch Academy 3089 7894 Evergreen Academy/Bothell Valley Forge Military Academy 7843University School of Jackson 8046Waterford School 3091 Evergreen School 7906Valley School of Ligonier 7848University School of Nashville 3095 7445 VERMONT Explorer West Middle School Villa Maria Academy 8034Washington College Academy 3169 8106 1965Burke Mountain Academy Five Acre School West Chester Friends School 8074 Webb School/Bell Buckle 3208 3164 1971 Burr and Burton Seminary Forest Ridge School Westtown School 8086Webb School of Knoxville 4053 3344Gailor School at Middlebury Hyla Middle School 8218William Penn Charter School 4135 8248 TEXAS 3496Grammar School Intermediate School Winchester-Thurston School 4151 Island School 3288 Woodynde School 1196 Allen Academy 3543Green Mountain Valley School 4409Kings Schools 3344 1206 All Saints Episcopal School/Beaumont 3545Green Mountain Waldorf School Wyoming Seminary 4480Lakeside School 3347 Wyoming Valley Montessori School 1211All Saints Episcopal SchooVLubbock 3879Hiland Hall School 4632Life Christian Academy 8380 1212All Saints Episcopal School/Fort Worth 4387Killington Mountain School York Country Day School 4665Little School 1213All Saints Episcopal School/yer 4447Lake Champlain Waldorf School 5370Nova School PUERTO RICO 1299Annunciation Orthodox School 4667Long Trail School 469 5411 Northwest Christian School Baldwin School of PR 1385Ascension Episcopal School 5950Putney School 5614Overtake School 2100 Caribbean Preparatory School 1456The Awry International School 6025Renaissance School 2408Pacific Christian School 1492Barbara Gordon Montessori School 6114Rock Point School RHODE ISLAND 5630Pacific Northwest Ballet 2049Canterbury Episcopal School 6528St Johnsbury Academy 3276The French American School of Rhode 5738Perkins Elementary School 2247Center for Hearing and Speech 7424Southshire Community School Island 6031 Rhodes School 2241 7528Stratton Mountain School 3454 Gordon School Central Texas Christian School 6472 2426 7936Vermont Academy St Georges SchooVSpokane 3832Henry Barnard School Christ Our Savior Lutheran School 6842 2440 St Michael SchooVOlympia 4642 Lincoln School Cistercian Preparatory School VIRGINIA 6985St Thomas SchooVMedina 2614Cornerstone Christian Schools 5157Montessori School Inc 1095 7223The Seabury SchooVTacoma 2570Covenant Christian Academy The Achievement Center 5206 Moses Brown School 1458 7243Seattle Academy of Arts & Sciences 2622Country Day School of Arlington Aylett Country Day School 5299 New Century Independent School 1190Alexandria Country Day School 7246Seattle Country Day School 5325 Pennfield School 2674Crisman Preparatory School 7247 2675Cross of Christ 1582 Benedictine High School Seattle Preparatory School 5.360 Portsmouth Abbey School 1744 Blue Ridge School 7443Spokane Lutheran School 2710Cypress Community Christian School 5926 Providence Country Day School 1862 7453Spruce Street School 2713Dallas Academy Broadwater Academy 6118 Rocky Hill School 1897 7664 Thomas Academy 2896Duchesne Academy Browne Academy 6276 St Andrews School 1911 7812University Child Development School 2985El Paso Country Day School Brunswick Academy 6460St Georges SchooVNewpon 1968 7831 University Prep 3031 Episcopal High SchooVEtellaire Burgundy Farm Country Day School 6846St Michaels SchooVNewport 2078Cape Henry Collegiate School 7940Villa Academy 3033Episcopal School of Dallas 7413South County Montessori School 7975Voyager Montessori Elementary 3103Fairhill School 2104Carlisle School 8170Wheeler School 5374 8053Watson Green Christian School 3111 Faith Lutheran School Catholic High School 8168Whatcom Hills Waldorf School SOUTH CAROUNA 3230Fort Worth Academy 2344Chatham Hall 2354Chesapeake Bay Academy 1152Aiken Preparatory School 3232Fort Worth Country Day School WEST VIRGINIA 2355Chesapeake Academy 1215All Saints Episcopal Day School 3235Forth Worth Hebrew Day School 2624 2422Christchurch School The Country Day School 1400Ashley Hall 3434Glenview Christian School 4654Linsly School 2494Collegiate Schools 1521 Beaufort Academy 3453Good Shepherd Episcopal School 8176 2621 Country Day School Wheeling Country Day School 2011 Cambridge Academy 3480Grace School 2642 2024 Camden Military Academy 3532Greenhill School Covenant School WISCONSIN 2680Crossroads Waldorf Schools 2042 Camperdown Academy 3740Harvest Christian Academy 1870Brookfield Acad 3022Episcopal High School 2316Charleston Day School 3873The Highlands School 2225Catholic Memorial High School 3110Faith Academy of Excellence 2416Christ Church Episcopal School 3905Hillier School Highland Park Presbyterian 4248Jubilee Christian School 3173Flint HiD School 2872 Distinctive Educational Center Church 5892Prairie Hill Waldorf School 3250Foxcroft School 3575Greenwood ChristLin School 3934 Hockaday School 5896Prairie School 3677 Hammond School 3982 Hoy Spirit Episcopal School 3273Fredericksburg Academy 6365St Catherines High SchoogRacine 3536Green Hedges School 3793Heathwood Hall Episcopal School 4052Hyde Park Baptist School 6562St Johns Military Academy 3917 4061 Incarnate Word Academy 3610 Grymes Memorial School 6622St Joseph High SdtooVKenosha Hilton Heal Preparatory School 3690 Hampton Roads Academy 4949Mason Preparatory School 4174Jesuit College Preparatory School 6664St Lawrence Seminary 3799 Hebrew Academy of Tidewater 5570 Orangeburg Preparatory Schools 4225The John Cooper School 7335Shepherds School Inc ' 3874Highland School 5655 4250Judson Montessori School 7718Three Rivers Community School Palmetto Christian Academy 3904Hill School 5848 Porter-Gaud School 4273June Shelton School 7822University Lake School 7438 4378Keystone School 3985 Holy Trinity School 7846University School of Milwaukee Spartanburg Day School 4038 7672 4416Kinlraid School Huguenot Academy 8054Waukesha Catholic School System Thomas Sumter Academy 4044 7721 Trident Academy 4489Lakehill Preparatory School Hunter McGuire School 8056Wayland Academy 4320 3040Trinity Collegiate School 4494Lamplighter School Kenston Forest School 8256 Wingra School 4507 4625Liberty Christian High Langley School TENNESSEE 4675Loretto Academy 4678 Loudoun Country Day OUTSIDE THE UNITED STATES 1159 4768 Madeira School Akiva School 4725Lutheran High School of Dallas 5161 GUAM 1398Ashley Academy 4945The Masters School Montessori School of Northern Virginia 1510 5263 6553St Johns School Battle Ground Academy 4994Meadowview School Nansemond-Suffolk Academy 1516Baylor School 5147 5304 New Community School HONG KONG 1747 Montessori Children House & Scholl 5341 Bodine School 5410Northwest Academy New Vistas School 3991 Hong Kong International School :770 5372 Boyd-Buctssnan School 5509Oakridge School Norfolk Academy t 788 5375Norfolk Collegiate TAIWAN Brainerd Baptist School 5657Pantego Christian Academy '816 5382North Cross School 7601 Brentwood Academy. 5660Pariah Day School Taipei American Schcid BEST COPY AVAILABLE53 COMPUTATION1996-97 PROCESSING WORKSHEET YEAR LAST NAME FIRST NAME M.I. GRADE Note:For Use Do by not Financial distribute Aid toOfficers1997-98 ACADEMIC YEAR non-school personnel. SCHOOL NOTES 55 TOTALTOTAL INCOME NONTAXABLE INCOME $ $ * orincomeEMPLOYMENT(Use [Item Table or8B on plusB incomeon 8E].ALLOWANCE(ComputeTOTAL Useof single INCOME50% parentof first from $5,000[Item *) on8A of lesser plus income 8E] 1 $ 1 5%MEDICALallowanceand of25% TOTAL of willALLOWANCE(Amount the beINCOME*) balance. $3,000.) If income Is in over Item $7,000, 15 over $ TOTALUNUSUAL ALLOWANCES EXPENSES (ITEM 16) $ $ EFFECTIVESubtract TOTAL INCOME ALLOWANCES from TOTAL INCOME* to derive . $ PFS Item Number COMPUTATION OF INCOME SUPPLEMENT PARENTS' ASSETS:17Home Equity (Market Value [17] Considerless Total using Unpaid the Mortgage market value Principal adjusted [17B]) by 2A/BAge of Older Parent. (enteruseUsing Table amount below). C or of C1Be NET tosure WORTHdetermine to use and the the INCOMEcorrect age of table.the SUPPLEMENT older (See parent, the 18All Other Real Estate Equity (Market Valuelessthethe Computation Unpaid Housing Mortgage Index Manual Multiplier Principal} for its use.(optional). See $ computation.)Computation Manual for step-by-step income supplement 20Other19Bank Investments(Net Accounts Value) $$ EFFECTIVEINCOME SUPPLEMENTINCOME + $$ 22Business or Farm VALUE: SubtractPFS Item PFS 22B Item 22C $ Cost of Living Adjustment (optional). See Computation Manual ADJUSTED EFFECTIVE INCOME = $ (SeeEqualsMultiply Business/Farm value by PFS of Bus./Farm Item chart 22A in the =x- $ for explanation. Adjusted Effective Income $ 5 6 ofBusiness/Farm theComputation amount over SHARE:Manual $ to$ compute SHARE.) + = T. $ RevisedCost of Living Adjusted Index Effective Income ÷ = $ LIABILITIES:TOTAL PARENTS' ASSETS _% $ UsingdependentNumber the of ADJUSTED Familychildren Members living EFFECTIVE in the(parents household) andINCOME (or Revised NET WORTH (not21AIndebtedness less than zero) (SUBTRACT.) $ $ side.)AdjustedTableEffective D to Effective determine Income) Income and ESTIMATED the (Day Number Student). PARENTS' of Family (See MembersCONTRIBUTION Steps 1-3 for 1997, refer to on reverse Adjusted from - OVER - STUDENTSCHOOL AND SERVICE Calendar1997-981996-97 Year AcademicProcessing 1996 Year Year FOR FINANCIAL AID PFS Item Number COMPUTATION OF EFFECTIVE INCOME ALLOWANCES: ADJUSTED GROSS8AIncome INCOME from (AGI): Father if AGIfromIfFEDERAL available, does the IRSnot INCOMEuse exceed1040, the andparents' TAX enter 1996 the amount federal ofincome computed tax forms, tax. refer to the actual taxes paid CDividendBIncome from and/or Mother Interest Income $88,475$117,950$147,450$176,950 for for married singleheadjoint or of returns filingsurviving household separately spouse returns returns ENetDAlimony Profit/Loss Received from Business or Farm calculation.ComputationIfAGI AGI from**in exceeds If the Manual columnparents these foramounts, are1 federal married refer income filing to the tax (a) FOther Taxable Income (If negative,(If Loss, SUBTRACT.) SUBTRACT.) doincomeinseparately the not calculation exceed tax andfor each standardboth of AGI,parent.parents' deduction, be Ifsure incomes itemized to computeinclude are deductions used federal tax Subtotal of TAXABLE9AUntaxed Income portion of IRA Payments (SUBTRACT) MinusItemizedon (AGI) standard deductionsand skip deduction: to$6,700 in PFS (joint Item or12 surviving spouse return) $ 10Other BKeoghIRS Adjustments Plan Payments to Taxable (SUBTRACT) Excess itemized $3,350$4,000deductions$5,900 (married(single (head return) filingof household) separately) AC5 Income (SUBTRACT)8 ** 4NumberincomefromSubtract AGI on excessabove. ofwhich exemptions itemized Thetax isresult computed deductions is the taxable (a-b) NONTAXABLE INCOME:11AChild SupportBSocial Security ComputedFICA TAX-7.65% tax using Tableofbusiness/farm each A, salary, Al, A2, wage, upor A3to anand income profit fromof $62,700 plus 1.45% Subtotal of NONTAXABLE income COther Nontaxable Income BEST COPY AVAILABLE Itemson the 8A, amount 8B, and/or exceeding 8E.) $62,700 (Use Table B1 on MotherFather COMPUTATION OF ESTIMATED FAMILY CONTRIBUTION STEP 2:1: Enter at right the ESTIMATEDnumber of children.who PARENTAL will CONTRIBUTION be attending a tuition-charging(from Table D) school or college in Day Boarding STEP 3: If1997-98 the= Parental child and will dividecontribution be attending into contribution: PER as aCHILDCHILD BOARDING attendingattending STUDENT, asas aa DAYBOARDING add STUDENT the cost STUDENT of(Enter food onfor both nine linesmonths: to the right.) + $ 1240 STEP 4: linesplusDivide fourto the the years STUDENT right: of college ASSETS to determine (PFS Item the NumberSTUDENT 23) ASSET by the numberCONTRIBUTION of and (Student Assets) (Years Remaining) years remaining in school enter on both + $ + $ STEP 5: BeESTIMATEDAddFor sureexample, the toSTUDENT compare FAMILYif the student ASSETthe CONTRIBUTION: contribution is CONTRIBUTION in grade per 4, child divide toto by eachthe 13; PER child's in grade CHILD school 9, contributionsdivide expense. by 8; If to determine the or in grade 12, divideany bychild's 5. total school expense is less than the contribution useThe inspace computing below Isfinancial for school aid. contributionsper child, it is shouldappropriate not exceed to reduce the theEstimated contribution Parental for that Contribution child and (Step to increase 1) plus the each contribution(s) child's Student for Assetthe other children. The for child 1 SCHOOL'S ESTIMATE for child 2 Contibution. for child 3 sum of all 3.2.1. TOTALSchool SCHOOL feestuition EXPENSE 6.5.4. Applicant'sParents' perassetssummer child contributionearnings 9.8.7. FINANCIALTOTALOther resources CONTRIBUTION NEED (line 3 10. 80FINANCIALminus line 8) AID AWARD LOANGRANT (31 Fall, 1996
Dear Parent(s)/Guardian(s):
Enclosed is the information you requested regarding the financial aid process at Riverdale Country School for the 1997-98 school year. The School actively seeks talented students from all economic backgrounds. Financial aid decisions are based solely on family resources and the availability of dollars from the financial aid budget.
Admission to the school and financial assistance awards are made independent of one another. Admission decisions are not affected by financial aid status. All financial information submitted will be confidential.
Riverdale also makes available the choice to pay tuition through a monthly plan, instead of in two lump sums (75% on July 15th and 25% on December 15th). For many families this option makes it possible for their children to attend the school.
PROCEDURES
1. Parent's Financial Statement (PFS) - Please complete and mail the original to the School and Student Service (SSS), PO Box 6657, Princeton NJ 08541-6657, along with a check and a copy to Riverdale no later than DECEMBER 4, 1996. SSS does not determine the amount of grants but ONLY provides the schools you specify with guidelines for determining a family's financial need.
Please fill out the PFS form carefully. Be sure to explain the circled items under #31, as requested. If the information is not complete, SSS will need to request supplementary information, which may result in you missing our deadline and not receiving financial aid.
2. Tax Return - A copy of your 1995 tax return (including W-2's and all schedules) must be submitted to Riverdale by DECEMBER 4, 1996.
3. Divorced and Separated Parents - Riverdale believes that the decision to seek an independent school education requires the active support of both natural parents. Therefore when parents are separated or divorced, we require a PFS from each parent and will consider the resources of both in making financial aid decisions. Tuition grants will not be awarded without completed PFS forms from both natural parents.
Financial aid decisions will be mailed at the same time as admissions letters. It is difficult or impossible to revise an award once these decisions have been made; therefore, please be sure that we have all of the information we need by December 4"'. If you have any questions, please feel free to call 718/519-2728.
Sincerely,
Lynn D. Sorensen Director of Financial Aid
Enclosure STUDENTSCHOOL AND SERVICE FOR FINANCIAL AID Based on Income Data Provided by the Family for For Financial Aid to Be Awarded for the AcademicReport of Family Contribution Calendar Year 1998 and Current Asset Data School Report Year 1997-98 Date:Type:Code:Batch: 5628 SSS Use Only ORIGINAL. is Lad Name First Name CONFIDENTIAL - b4.1. Sox For Use by Financial Aid Administrators Data of Birth Sept. 11107Grads In ExemptionsNumber of Parent/GuardianAye of Older Number of pumas Number ofcaudrin Family size amine-anon* -Sviiith eitia;41,1 BBB Results Revisions* salad F 10 109 1 1985 05 05 42 .02 03 05 Results 1 ults school 2 1 Mother,Father.Computation Stepmother. Stepfather. of Total Female Male Income Guardian Guardian - Salary/Wages- Salary/Wages + 46000 2624 AllComputation HomeOther RealEquity of Estate Income(See UnusualEquity Supplement Condition tom LI)Parents' Assets 58000 Revisions" 6S43 NetAlimonyDividend ProdULoss Received and/or fromInterest Business Income and/or Farm + 16200 850 CI 292827 OtherBankBusiness Investments Accounts and/or Farm Share + 1100 0 7 OtherUntaxedOther Adjustments Taxable IRA/Keogh Income to Income Plan Payments and - -1 200 0...... n 323130 NetDebtsTotal Worth Assets Outstanding (30 red (Sum us 31) of 25 to 29) - 1600017000761 on 10 88 SocialChildTotal Support Security Taxable Received Benefits Income (Sum of 1 to 8 minus 7) - 61850 a__ 33 ComputationIncome of Discretionary Moonle 311110801101 (Use Table WC1 In Mansall.) - 60100 790 131211 TotalOtherUntaxed NgitaxableNontaxatde Portion Income Income of IRA (Sum and/or of 9Keogh to 12) Plan Payments + 400 n ' 37393534 DividedAdjustedincomeEffective by Effective SupplementCost Income of Living Mama(24) (33) index (AM) (See(Sum Manual.) of 31 + 36) 4304742257 790 14 v7tai Maims (Sum of ,..,.." - + 13) 62250 400 0_ 3938 IncomeRevised Protection Adjusted EffectiveAllowance Income (35 +37) " . 1815 FICAFederalComputation Tax Income Allowance al AllowancesTax 66171 4140 EstimatedComputstionDiscretionary Parental ofIncome Estimated Contribution (38 minus Family 39) Contribution - lit I R9 Cala:tie° Only 20191817 UnusualMedicalEmploymentState and AllowanceExpenses Other Allowance Tax Allowance (WA) ++ 300043584758 0__. 4342 SSSNo. of Est. Children Parental Enrolled Contribution in Tuition-charging(Use for Student Table Din Schools Manual & withColleges AEI (38 or 38). 1 - Day 41+42) 4064 21 ComputationTotal Allowances of Elective (Sum of Income 15 to 20) 19991 1260 47484544 SSSStudentSSS Est. Est. Family Asset Parental Contribution Contribution Contribution for (1 Student for Student 0 4 12 Remaining Yrs.) - Day (43+45) - Boarding (43 + 11240) as = 2032 2 02..-2 . 24n23 FlAictlsraTotalrola! Income Allowances Income (141 (22 (21) minus 23) - I 1999367750 NOTE:SSS Est. Estimated Family Contribution Parental Contribution tar Student Is - Boarding (44+45) % of Total Income and % of Discretionary 17,corne. Unusual CuncillIons ON MAWS* skis.) B.F.,11_I.K.l..H_N-S ". 42257 Copyright and the by Educational Tastirq Soaks All rights nnonsid. Names of Sibling Applicants - BEST COPY AVAILABLE Ct c' 6 5 OW Educational Testing Sets**, ETS, Educational Tata. Sonia is an Equal °spatially Employer. This ETC logo design are rallstanod tsideinarla of Educadond Tasting inviter. publication Is wised annually. See reverse side for explanation. 71111.1.11-111.reJ11.. 64 pcm),..v.264-3= Riverdale Country School v 1.11.VVIMWV/VIIMIMMRSINV,MAVIMIlv.,,,V,3,, V' AWARD LETTER
February 1997
Mr. & Mrs. John Smith 333 Henry Hudson Parkway Bronx, NY 10471
Dear Mr. and Mrs. Smith:
The Financial Aid Committee has reviewed your request for financial assistance and are pleased to inform you that an award for 1997-98 has been approved for Meredith as follows: Tuition, Lunch, Books, and Student Accident Insurance: $16,450 Financial Aid Award: $10,000 *Balance payable to Riverdale Country School: $ 6,450 (*Please note that the balance does not include incidentals that may occur throughout the year.)
This grant is subject to change and will not be finalized until a copy of your 1996 tax return, including all schedules, has been received by the school on or before March 14, 1997. While all financial aid awards are for the period of one year, they will be reviewed at the end of each semester. Students not fulfilling their academic and social responsibilities at Riverdale may be subject to losing all or part of their awards for the following year.
Financial aid is awarded with the full expectation that when and if your financial circumstances permit, you will contribute what you can for the benefit of future deserving students, and thatyou will recognize an obligation to give Riverdale moral support now and material support in the future.
Please sign and return one copy of the Reservation Contract along witha check for $1,200 to hold a place in the class. This amount has been calculated according to the size ofyour tuition grant. The second copy is for your files. The deadline for receipt of your signed contract is March 7.
Again, we are delighted to make this award. If you have questions, please feel free to contact the Financial Aid Office.
Sincerely,
Lynn D. Sorensen Director of Financial Aid
Enclosure
cc: Finance Office
5250 Fieldston RoadBronx, New York 10471-2999 Lower School 718-549-7780 Upper School 718-549-8810 A?.942.11411 k . Fc.,,4506 Request for Copy orTranscript of Tax Form (Rev. October :994) Please read instructions beforecompleting this form. nenar,rnert 3' 1:sti Taestinf OMB No 1545-0429 internal Revenue $arece Please type or print clearly. Note: Do not use this form to get tax account information, Instead,see instructions below. la Name shown on tax form b First social security numberon tax form or employer identification number (Seeinstructions.)
2aII a joint return, spouse's name shown ontax form 2b Second social security numberon tax form
3 Current name, address (including apt.,room, or suite no.), city, state, and ZIP code (See instructions.)
4 If copy of form or a tax return transcript is to be mailed to someone else, show the thirdparty's name and address.
5 If we cannot find a record of your tax formand you want the payment refunded to the 6 third party, check here If name in third party's records differs fromline 1a above, show name here. (See instructions.) 7 Check only one box to show whatyou want: a Tax return transcript of Form 1040 series filed during the current calendar year and the 2preceding calendar years. (See instructions.) transcript gives most Ones from the originalreturn and schedule(s).) There is no charge for a transcript (The request made before October 1 ,1995. b Copy of tax form and all attachments (including Foen(s) W-2. schedules, or other forms). Thecharge is $14.00 for each period Note: If these copies must be ceWitied requested. for court or administrative proceedings,see instructions and check here c Verification of nonfiling. There is no charge forthis. d Copy of Form(s) W-2 only. There is no charge for this. See instructions for when FormW-2 is available. Note: If the copy of Form W-2 is neededfor its state information, check here 8 If this request is to meet a requirement of one of the following, check al boxesthat apply. Small Business Administration Department of Education Department of Veterans Affairs Financial institution Tax form number (Form 1040, 1040A.941, etc.) 11 Amount due for copy of tax form: a Cost for each period 14.00 10 b Number of tax periods requested Tax period(s) (year or period endeddate). If more than four, see on line 10 instructions. cTotal cost. Multiply line lla by line11b Fut payment must sammpanyyour roquost. Moho chock or mossy order payable to Intense/ Rousso*Smuts." Telephone number of requester Please Signature. See instructions. It other thantaxpayer, attach authorization document. Sign Best time to call Here Title (it line to above is a corporation.partnership, estate, or trust)
Instructions Note: If you had your tax form filled in bya If you want your tax account information paid preparer, check first to see if A Change To Note.Form 4506may be you can get sent to a third party, complete Form 8821, used to request a tax return transcript of a copy from the preparer. This may saveyou the both time and money. Tax Information Authorization. Youmay get Form 1040 series filed during thecurrent this form by calling 1-800-TAX-FORM calendar year and the 2 preceding calendar If you are requesting a copy ofa tax form. (1-800-829-3676). years. There is no charge for a tax return please allow up to 60 days for delivery. line 1b.Enter your employer identification However, if your request is for a tax return transcript requested before October 1,1995. number only if you are requestinga copy of a You should receive it within 10workdays transcript, please allow 10 workdays afterwe receive your request. To avoid any delay, business tax form. Otherwise, enter the first after we receive your request Formore be social security number shownon the tax details. see the instructions for line Ta. sure to furnish all the information asked for form. Purpose of Form.--Use Form 4506 on this form. You must allow 6 weeks aftera Line lb.If requesting a only to tax form is filed before requesting acopy of it copy or transcript of get a copy of a tax form, tax returntranscript, or a transcript. a joint tax form, enter the second social verification of nonfiling, or a copy of Form Tax Account Information Only.If security number shown on the tax form. W-2. But if you need acopy of your Form(s) you need a statement of your tax account showing Note: lf you do not complete line lband, if W-2 for social securitypurposes only. do not any later changes that you or the IRS made applicable, line 2b, there may bea delay in use this form. Instead, contact your local to the processing your request. Social Security Administration :7ice. original return, you will need to requesttax account information. Tax account information Line 3. For a tax return transcript,a copy Do not use this form to requet.Forms will list certain items from your return of Form W-2, or for verification of 1099 or tax account information. nonfiling, if If :nu need including any later changes. your address on line 3 is different fromthe a copy of a Form 1099. contact the,yer. address shown on the last return To request tax account infomiation,do not you filed However. Form 1099 information isavailable and you have not notified the IRS ofa new by calling or visiting your local IRS office. complete this form. Instead, write or visitan IRS office or call the IRS toll-free address, either in writing or by filing Form number 8822. Change of Address. listed in your telephone directory. either you must attach For Privacy Act and Paperwork (Continued on back) Reduction Act Notice, see back of form. Cat. No. 41721E 6 6 Form 4506 (Rev. 10-94) EST COPY AVAILABLE Appext1 XT Riverdale Country School
DO NOT QUALIFY FOR FINANCIAL AID
February 1997
Mr. and Mrs. John Smith 333 Henry Hudson Parkway Bronx, NY 10471
Dear Mr. and Mrs. Smith:
After careful review of your application for tuition assistance, the Financial Aid Committee concludes that it cannot award a tuition grant to you for the 1997-98 school year. We realize that you had hoped for better.news but your financial situation demonstrates that you do not qualify.
Enclosed with this letter are two copies of our Reservation Contract, one for your records, the other to be completed and returned by March 7, along with a non-refundable payment of $1,500 to hold Meredith's space for next year. A statement of tuition and fees for the 1997-98 school year is listed on the contract.
Please do not hesitate to contact me, if you have any questions.
Sincerely,
Lynn D. Sorensen Director of Financial Aid
Enclosures
5250 Fieldston RoadBronx, New York 10471-2999 Lower School 718-549-7780 Upper School 718-549-8810 67 U.S. DEPARTMENT OF EDUCATION Office of Educational Research and Improvement (OERI) Educational Resources information Center (ERIC) E IC
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