How to Apply for Financial Aid
FINANCIAL AID PROCEDURE
In allocating the School’s limited financial aid resources, the financial aid committee considers a number of criteria. These include the strength of a candidate’s academic credentials, the quality of their extracurricular involvement, the strength of their recommendations, their potential to make a meaningful contribution to the life of the School, the diversity they will bring to the School community, and the amount of need.
Financial aid is granted for one school year. It is the intention of the school to renew financial aid in each of the following years provided the family continues to demonstrate need, all financial commitments from the previous year are met, and the student remains in good academic and community standing.
Financial Aid is awarded first to returning students, then to Early Bird Acceptances. Any remaining money is then distributed to later acceptances.
PARENTS MAY BEGIN APPLYING FOR FINANCIAL AID NOVEMBER 1.
1. Log in to http://sss.nais.org/parents/. If you are a returning parent simply enter your email address and password from the previous year. If you are new you will need to create a new account. NOTE: there is an application fee.
2. Complete your Parents’ Financial Statement (PFS) and mail your required documents to School and Student Services, PO Box 449, Randolph, MA 02368-0449 no later than January 15*. The required documents are the 2011 1040 with all filed schedules and attachments, W2’s, and business taxes (if applicable). You will also need the PFS Documentation Cover Sheet, SSS Business/Farm Statement Online version (if applicable) or SSS Business/Farm Statement Print version (if applicable) and IRS Form 4506T (signed and undated). If your 2011 taxes are not complete please enter your 2010 information and send your 2011 W2′s to SSS. When your 2011 taxes are complete, update the information on the PFS.
3. The Financial Aid Commitee reviews all applicant information. In order to provide financial assistance in an equitable manner, all applicants are reviewed at one time rather than as completed.
5. An Enrollment Agreement stating your tuition and other fees along with any town tuition, financial aid or scholarship awarded will be mailed by March 15.
6. Enrollment Agreements must be returned to LTS within two weeks of the issue date. Enrollment Agreements not returned within that time frame may forfeit their financial aid or scholarship award.
* Newly accepted students must submit their PFS by February 15.
