All Saints' Episcopal School ~ Tuition Assistance

Consistent with its mission, All Saints' has a deep commitment to providing a superior college-preparatory education to qualified students regardless of financial means. Investing in an All Saints’ Episcopal School education is a major commitment on the part of the family and should be given thoughtful consideration. The Financial Assistance Program provides support to families who demonstrate financial need, which is the difference between a family's financial resources and the School's tuition fee.

The program's goal is to assist qualified students whose families could not otherwise afford a private school education. Therefore, we encourage all interested families to apply for admission.

Policies

The program assists families in grades K – 12, with preference given to those students in the Middle and Upper Schools. While financial need will vary, only under the most extraordinary circumstances will an award exceed 50% of the total cost of the tuition. All Saints’ Episcopal School commits significant funds to support approximately 25% of our current students, although the applicants accepted for admission and qualifying for financial aid each year outnumber those whom we are able to support. While the School offers no awards based strictly on academic, artistic, or athletic ability, decisions are influenced by each student’s ability to contribute in some positive way to the All Saints’ community. Financial aid awards are re-evaluated and renewed each year for all ongoing students as long as they remain in good standing in all aspects of school life and as long as the need for financial support is present. A student who is placed on academic or disciplinary probation may become ineligible for financial aid.

When the availability of school funds allows the School to make a financial aid award, the amount that a family is expected to contribute is determined by the financial need of that family. All Saints’ follows the guidelines established by the School and Student Service for Financial Aid (SSS), a national organization that provides schools with sound information to help make financial aid awards fairly and equitably on the basis of need. Families must submit a Parents’ Financial Statement (PFS) each year, and awards are made according to the policies set by the Financial Aid Committee, with whom final decisions rest.

In considering applications for financial aid, the matter of divorce or separation of parents is a difficult one. The Committee must consider the assets and earnings potential of both natural parents, if living, before making any award, and cannot be bound by the assertion that one parent has disclaimed responsibility for educational expenses. Both parents are required to file the appropriate financial aid paperwork. If either parent has remarried, assets and earnings potential of the stepparent will be considered, always bearing in mind the obligation of that stepparent to his or her own natural children.

When families submit late or incomplete applications, those applications cannot be considered along with those applications submitted correctly and on time. To obtain an application for financial aid, please contact the All Saints’ Episcopal School Admission Office (817) 560-5746 or go online to www.nais.org to access the application.

Procedures

1. Financial aid is not automatically renewable. Each family must reapply for financial aid each year according to the deadlines. Forms which are not received by the specific deadlines will not be processed along with all others received by the deadlines. Tuition accounts for the present academic year must be current prior to any financial aid being awarded.

2. All parents are required to complete the Parents’ Financial Statement (PFS) and submit online to Student Service for Financial Aid (SSS) for processing.

3. All parents will submit to SSS a copy of their current tax return (1040) with all schedules and copies of W-2s no later than April 15 of each year. New families should also furnish the prior year’s return, with all schedules and copies of W-2s, no later than April 15.

4. All parents who own a business or farm will complete the SSS Business/Farm Statement. Parents should also submit a copy of their business tax return to SSS. The School reserves the right to request additional financial information such as balance sheets, cash flow statements, etc.

5. All parents should submit to SSS a copy of the student’s tax return (1040 with all schedules), if applicable.

6. The School will not consider ordinary business or rental depreciation or loss in calculating financial need.

7. If a student has assets in a trust fund, parents must furnish a copy of the trust agreement.

8. If the non-custodial parent refuses to submit the necessary information to the Business Office, the School reserves the right not to process the financial aid application. If the non-custodial parent does not submit the necessary information and the application is processed, the school will consider need as compared to a portion or ¼ of the tuition cost. If the custodial parent has not heard from the non-custodial parent in a period of time, the School reserves the right to waive the requirement of the forms. A letter of verification from a disinterested party (clergy member, attorney, etc.) will be required. A copy of the divorce decree and/or divorce agreement may be required. All Saints’ Episcopal School reserves the right to review on a case-by-case basis.

9. If a divorced parent has remarried, assets and earnings potential of the stepparent will be considered, always bearing in mind the obligation of that stepparent to his or her own natural children.

10. When the mother or father is not employed and there are no preschool children at home or health-related limitations, the School will add the cost of the tuition to the income of the family.

Should major discrepancies be discovered in the information provided, the School reserves the right to withdraw financial assistance at any time during the academic year. The School reserves the right to request additional financial information at any time. Access to the financial aid information is restricted and will be treated in complete confidence.