Tuition & Financial Aid
See quick reference PDF on applying for financial aid here
We understand and appreciate the financial commitment families undertake in deciding to send their children to Waring School. And although paying for education is first and foremost the responsibility of a family, we devote significant funds each year to a financial aid budget that helps assist families. In turn, our school community benefits by attracting gifted students that otherwise would not have been able to attend. To help us objectively assess what a family is able to contribute to its student(s) education expenses, we use School and Student Services (SSS By NAIS) as a trusted third party. The SSS analysis of a family's "Estimated Family Contribution (EFC)" is a critical component of our financial aid decision. However, it is just a start. To make our final financial aid award decisions, we use the SSS figures as the baseline for our own additional review, taking into consideration our total financial aid budget, other information we may have collected, our school’s policies and priorities, and the needs of our entire applicant pool. Due to circumstances like these, and others, our school may ask your family to contribute more or less to tuition than what is estimated on the SSS Family Report.
The two principal considerations in determining financial aid awards are financial need, as indicated by the information submitted in the Parents' Financial Statement and the IRS Tax Return, and the amount of money available for financial aid in our budget for the next year. A financial aid application does not guarantee an award. The SSS does not distribute financial aid; it merely calculates how much a family can afford to spend on tuition per child, per year.
Waring's goal is to equitably and consistently bridge the gap between the cost of tuition and what a family can afford to pay. Our resources are limited, however, and the number of deserving financial aid applicants is increasing every year. Therefore, we cannot guarantee the same award every year. About 30% of our families receive financial aid grants.
For those of you who are planning to apply for financial aid, the application materials will be available at the beginning of November. Remember that anyone currently receiving financial aid must reapply each year. The information may be accessed on the Waring web under Admissions or online at www.sss.nais.org/parents.
Tuition for the 2012-2013 year is $26,378. There are additional charges for books, supplies, and special activities ($420-$736). Extended field trips are billed separately.
Applying for Financial Aid
RETURNING STUDENTS: Do not wait until you have finished your federal tax return to complete this form. Submit it to the SSS as quickly as you have reliable estimates of income.
PROSPECTIVE STUDENTS: Do not wait until your acceptance to begin this process.
ESTIMATED INFORMATION RESULTS IN ESTIMATED AWARD: We may process your award provisionally. For the award to be finalized and confirmed, you must submit a copy of your 2012 Federal Tax Return and schedules including W/2s, 1099s, and the Business Farm Statement, if applicable, to SSS by April 15, 2013.
GATHER INFORMATION AND DO YOUR FEDERAL TAXES EARLY: All reputable tax preparers are fully aware of the necessity of doing financial aid tax returns first. They do them all the time for colleges.
NON-FILING OF TAXES (DIVORCE LITIGATION, ETC.): Submit lawyer's statement and backup figures to support income and expenses and net worth.
ESTRANGED SPOUSES: Both parent applicants are responsible for filing all information to SSS. Awards will not be processed on the basis of one parent’s application.
IF YOU HAVE SPECIFIC FINANCIAL CIRCUMSTANCES which you feel require consideration, please share this information in a separate letter to Jeanne Havens at email@example.com.
Be mindful of these deadlines. Late applications or missing information could jeopardize your award. If you have any questions or concerns, please feel free to call Jeanne Havens at the school Business Office at any time during the process.
Information for Families Applying for Aid (2013-14 School Year)
Thank you for your interest in Waring School for the 2013-2014 school year. To be eligible for consideration, you must complete your Parents Financial Statements (PFS) by January 30, 2013 for returning students (February 15th, 2013 for new applicants). We will communicate decisions about financial aid by March 3, 2013 for returning students. New student awards will be included in your acceptance package.
We use School and Student Services (SSS) to process financial aid applications. Based on the financial information you provide in the Parents’ Financial Statement, SSS gives us an estimated amount your family can contribute to educational expenses. This estimate is a starting point to help us make fair and objective financial aid decisions. To begin your financial aid application for the 2013-14 school year, please follow these steps below. (You only have to complete one Parents’ Financial Statement, even if you have several children applying.)
TO COMPLETE THE PARENTS’ FINANCIAL STATEMENT (PFS) ONLINE
1. Starting on November 1, 2012, go to sss.nais.org/parents.
2. Click on the “Apply Now” button.
3. You will set up a PFS Online account using your e-mail address and a password.
Returning parents: If you completed an online PFS application last year, use your e-mail address and existing password. If you have forgotten your password, click on “Forgot my password."
4. Submit and pay the non-refundable fee.
Download a Parent's Financial Statement Form here
ADDITIONAL DOCUMENTS WE REQUIRE
Our school requires that you submit to SSS by mail or online the following documents in addition to your PFS statement: 2011 Federal Tax Return and supporting schedules A,B,C,D and E, W-2's and or 1099's, Business/Farm statement if required and 4506T, a Federal tax form. If any of these are already on file with SSS, please do not resubmit. We will make provisional awards pending submission of your 2012 Federal Tax returns, including all forms and schedules previously listed. Families who are awarded financial aid must submit 2012 personal taxes by April 15, 2013 to avoid placing their award in jeopardy.
To submit these documents by mail, send one copy (not the original) of each document with a Required Documents Cover Sheet to: SSS By NAIS, P.O. Box 449, Randolph, MA 02368-0449 USA. (For overnight mail: SSS By NAIS, Processing Center, 437 Turnpike Street, Canton, MA 02021.
To submit these documents online, go to the Manage Documents tab in the PFS Online. There you can upload documents from your computer. Save each document separately in one of the following formats: Adobe Acrobat pdf, Microsoft Word, .jpg, or .tif. On the Manage Documents page, click on “Browse,” locate the document,
then click on “Upload.”
Call SSS Customer Service at (800) 344-8328 with any questions
(M-F: 9am-8pm EST. Sat: 9am-4pm EST)