Affording Waring

Tuition Assistance

At Waring, we believe that our transformative program, driven by a superior faculty and a progressive learning philosophy, should be affordable to all families. We believe that tuition should not stand in the way of a student and a Waring education.

Waring's goal for tuition assistance is to equitably and consistently bridge the gap between the cost of tuition and what a family can afford to pay. About 50% of our families receive annual financial aid grants. We understand and appreciate the financial commitment families undertake in deciding to send their children to Waring School. 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 Community Brands) to evaluate all candidates equally. 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.

Tuition and Fees

Tuition Rates for 2023-2024:

Grades 6-8: $31,412
Grades 9-12: $42,884

Tuition includes:

Music: Private voice or instrumental instruction
6th/7th grade travel to Montréal
8th grade travel to Alabama
9th grade travel to France (4-week homestay exchange)
11th grade international travel (3-week Junior Trip)
Annual Camping Trip (4 days in Mirror Lake, NH)
Diverse Endterm learning opportunities
Robust Electives and directed study
All athletics and afternoon activities

Tuition does not include:

$500 annual fee for textbooks, supplies, and mandatory supplemental accident insurance
Cost of additional overnight school trips
Tuition Insurance - 1.05% of tuition
AP Exam fees
Endterm upcharge

Financial Aid Checklist

Financial Aid Checklist

The financial aid application for the 2023-24 school year is now open through School and Student Services (SSS). Complete the tuition assistance process online linked HERE. Adherence to deadline dates is imperative.

Please find more details for new families and returning families below.
Returning Families: 2023-24 School Year

The financial aid application for the 2023-24 school year is now open through School and Student Services (SSS). Complete the tuition assistance process online through SSS, linked HERE. Adherence to deadline dates is imperative.

These deadlines are applicable to re-enrolling families, including returning families new to tuition assistance:

Submit application to SSS by January 24, 2023

Submit financial aid application, the Parents Financial Statement, or PFS online HERE. There is a $60 charge to submit the application. Our school code is 8030. If you have questions regarding the SSS application, you may contact the SSS Client Success Team 7 days a week at 800-334-8328 or email them at sss@communitybrands.org.

Deadline: January 24, 2022

Mail or upload copies of the following documents to SSS by January 24, 2023:

- W-2 2021
- 1040 Federal tax returns for 2021 (including all schedules, A B C D E F )
- 1098’s and 1099 for 2021
- Business tax returns, if applicable, for 2021
- Final year-end pay stub for 2021. (The last paycheck issued in 2021)

If ANY of these documents have been submitted to SSS previously, there is no need to resubmit. They are still stored with your file at SSS.

Mail or upload copies of the following documents to SSS by January 24, 2023:

- W-2's 2021
- 1040 Federal tax return (including all schedules) for 2021
- Business tax returns, if applicable, 2021

All of these items can alternatively be mailed to:
For regular mail, use this address:

School & Student Services
P.O. Box 449
Randolph, MA 02368-0449

For overnight mail, use this address:

SSS
Application Processing Center
15 Dan Road, Suite 102
Canton, MA 02021

If you have questions regarding the financial aid process at Waring School, please contact William Potter, Director of Finance and Operations at (978) 927-8793 ext. 331 or at wpotter@waringschool.org.
New Families: 2023-24 School Year

The financial aid application for the 2023-24 school year is now open through School and Student Services (SSS). Complete the tuition assistance process online through SSS, linked HERE. Adherence to deadline dates is imperative.

These deadlines are applicable to new applicant families:

Submit application to SSS by January 15, 2023

Submit financial aid application, the Parents Financial Statement, or PFS online HERE. There is a $60 charge to submit the application. Waring School code is 8030. If you have questions regarding the SSS application, you may contact the SSS Client Success Team at 800-334-8328 or email them at sss@communitybrands.org.

Deadline: January 15, 2023

Mail or upload copies of the following documents to SSS by January 15, 2023:

- W-2 2021
- 1040 Federal tax returns for 2021 (including all schedules, A B C D E F )
- 1098’s and 1099 for 2021
- Business tax returns, if applicable, for 2021
- Final year-end pay stub for 2021. (The last paycheck issued in 2021)

Mail or upload copies of the following documents to SSS by January 15:

- W-2's 2021
- 1040 Federal tax return (including all schedules) for 2021
- Business tax returns, if applicable, 2021

All of these items can alternatively be mailed to:
For regular mail, use this address:

School & Student Services
P.O. Box 449
Randolph, MA 02368-0449

For overnight mail, use this address:

SSS
Application Processing Center
15 Dan Road, Suite 102
Canton, MA 02021

If you have questions regarding the financial aid process at Waring School, please contact William Potter, Director of Finance and Operations, at (978) 927-8793 ext. 331 or at Wpotter@waringschool.org.

Frequently Asked Questions

Should I apply for tuition assistance?

First, consider the total annual cost of a Waring education. Consider the tuition and additional fees for textbooks, middle school travel, supplemental student accident insurance, and tuition insurance that amount to an estimated additional $500-$700 per year. Then, calculate your ability to cover this cost. Consider all sources of income, adjust priorities and spending as able, and review assets available for use. If after this analysis you believe you cannot cover all of the educational expenses, we encourage you to apply for financial aid.
What payment options are available?
Waring offers three payment options:
1. One single payment due in August
2. Two payments–one due in August and one in December
3. Ten payments beginning in June and ending in March or April. If you have a student returning the following year to Waring, we offer a "skip March" option to accommodate the reservation deposit payment due in March. We take total tuition minus financial aid and reservation deposit and divide that total by ten equal payments.
Does applying for tuition assistance affect school admission decisions?

No. Admissions decisions are made without regard to financial need.
Who can apply for tuition assistance?

Any student currently enrolled or any new applicant for admission to Waring can apply for financial aid. Generally, aid will only be awarded to current students enrolled for the following school year when their tuition account is current.
How are tuition assistance grants determined?

Waring School requires that families submit a Parents Financial Statement (PFS) provided by School and Student Service for Financial Aid (SSS). In addition, Waring requires a copy of the Income Tax Form 1040 (or other appropriate form) and W-2 Form(s) for the tax year prior to the year the student's financial aid begins. In situations of divorce, these forms are also required from non-custodial parents.

All financial aid awards are made on the basis of demonstrated need. The Financial Aid Committee does not consider carryover business losses, credit card debt, or rental depreciation in calculating financial need. Waring School uses the SSS recommendation as a guideline in determining the financial aid award to be offered. If one spouse is unemployed, is not disabled, and does not have extenuating circumstances, an adjustment will be made to the income of the family for the calculation of need.

However, financial aid awards may be limited by financial availability of Waring funds.
In addition to the tuition assistance application, what other documents do I need to submit?
You will need to submit:
- If Self Employed send the first two pages of your IRS Form 1040 and Schedules C&E if applicable
- A complete copy of your Federal Tax Return, including 1040s, Schedules A, B, C, E & F, K-1s, and 1120s
- A copy of your W2 and/or 1099 for all jobs worked
- A complete copy of your federal tax return including all schedules and business tax returns, such as K1’s and 1120 for Corporations
These documents will be needed for all adults in the household. If tax return paperwork is already on file with SSS, there is no need to resubmit these documents. Tax returns and W2/1099’s should be submitted no later than April 15. Upon review of your application, additional documents may be requested.
What if my tax return has not been filed in time to submit it with my tuition assistance application?

It is recommended that you make an appointment with your tax consultant early in order to insure your return is complete by April 15. Tax returns must be received for your application to be considered complete and all awards granted are contingent upon review of these documents. We award provisionally based on prior year financials and current year income documentation. When tax returns are received, awards are confirmed.
What if I have children at other schools that charge tuition?

If you have children at other K‐12 schools that charge tuition, the cost of their education is considered as part of Waring’s review of your situation. If you are applying for aid from Waring School, we assume you are doing so at all schools.

College tuition is considered an investment rather than an expense, as it generally pays for itself with higher future wages. As such, many families and college students will utilize federally subsidized loans, as well as aid that may be available at the college level.
What happens in cases of parental divorce or separation?

Regardless of parents’ marital status, the School considers both biological parents to be responsible for their child’s education. Therefore both biological parents must complete financial aid applications.
What happens if one or both divorced parents have remarried?

In cases of remarriage, all adults in each household must submit their information in the application. In the case of a step‐parent, their income and assets are to be included in the application and we will consider obligations a step‐parent has towards his/her own natural children.
What allowances are made if one parent cannot be located or refuses to complete the application?
Waring understands that some family situations can be very difficult. In such cases, a letter may be submitted to Waring from a priest, school official, social worker, or attorney confirming that the other biological parent cannot be located or refuses to participate in any aspects of their child’s life. The letter writer cannot be a relative of the applicant. The letter must state the following, as applicable:
1. The whereabouts of the other biological parent is unknown.
2. The other biological parent has provided no support and has had no contact with the family for at least two years.
3. It is in the family’s best interest not to have further contact with the other biological parent.
4. Any other extenuating circumstances that the individual believes Waring should consider.
This letter should be submitted directly to Waring School, Financial Aid Office, 35 Standley Street, Beverly, MA 01915.
Is there a limit to the tuition assistance available?

Yes. Even with Waring’s generous allocation of funds, the school cannot guarantee that all demonstrated needs will be met. Waring gives priority to returning students, siblings of existing or past Waring students, and children or grandchildren of Waring alumni. We also endeavor to award grants to families who contribute to the diversity of the community.
Is aid awarded for one year only or for each year my child attends Waring?

Tuition assistance awards are for one year only. Families on aid must reapply for each subsequent year they wish to receive such assistance. Normally, families currently on aid will receive grants of similar amounts in future years unless their financial situation changes. Under such circumstances, aid may be increased or reduced if the Financial Aid Committee deems such action appropriate.
If my family has an unexpected financial emergency, can I apply for financial aid after the deadline?

We understand that sometimes a family’s financial situation can change unexpectedly. While funds are more limited for these types of grants, we encourage you to apply if needed. When applying late, please notify Will Potter at wpotter@waringschool.org or (978) 927-8793 ext. 331 that you are submitting a late application.
Can I still apply for tuition assistance after the deadline?

Yes, but the bulk of financial aid funds are utilized in meeting the demonstrated needs of families applying by the filing deadline. However, funds may become available for grants subsequent to the deadline. Thus, if you are truly in need, we encourage you to apply as we may still be able to help. Late applications that are complete and submitted by April 15 will be reviewed by the Financial Aid Committee in May. Those submitted/completed after April 15, but before June 30, will normally be reviewed in early August. We encourage families to pay all required tuition payments pending notification of awards in case sufficient aid is not available.
When will I know if I have been awarded tuition assistance?

Applications will only be considered if they have been filled out completely and all requested documents have been submitted. For financial aid applications for returning students submitted by the due date of December 31, a financial aid decision letter will sent to you by the end of February. For new students, financial aid applications are submitted by December 31, and award letters are included in your acceptance package.
Can I appeal the tuition assistance decision if I believe it is insufficient?

You may appeal the tuition assistance decision if your financial situation has changed or you believe the Financial Aid Committee may have misunderstood your current situation. In such cases, you may be asked for additional documentation. Please contact Will Potter at wpotter@waringschool.org to request a review of your aid decision.
Will my family have to repay the tuition assistance?

No, Tuition assistance is a grant, not a loan. If at some future date your family’s financial situation improves, we hope you will consider making a donation to the School to help enable other deserving students to attend Waring.
Will my tuition assistance status and financial information remain confidential?

Waring School regards all financial information as confidential and expects the family to do the same.
What if I have additional questions?

Please contact the Director of Finance and Operations, Will Potter, at wpotter@waringschool.org or (978) 927-8793 ext. 331.

Limiting Financial Barriers to Encourage All to Apply

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Tuition Assistance

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