If you’re applying to boarding school, you’ve likely noticed that there’s a tuition fee to attend. While your boarding school education will be worth every penny, not every family can afford to pay the full amount. That’s why boarding schools offer financial aid. Here are three things you need to do to complete the application process:
Complete the Parent Financial Statement (PFS)
This important form is what boarding schools will use as a starting point to determine your financial need and how much financial aid you may receive. The form gathers information about your family, income, and expenses. Once you complete it, you can share it with any of the School & Student Services (SSS) partner schools. More than 2,100 schools use this form, so most likely your choices are included.
Check to see if other documents are required
Most schools require additional documents as part of the financial aid application process. Making sure your application for financial aid is complete is a crucial part of the process.
These documents will likely include your most recent tax returns. If you’re applying for admission for fall 2016, boarding schools will want your tax return for the prior year (2015). If you apply for admission before completing your 2015 tax return, they will often accept your 2014 tax return to start with, and then use your 2015 tax return to verify the package provided to you is still appropriate.
Apply Early for Financial Aid
Pay close attention to deadlines, and always apply early. Most financial aid is limited and priority is given to those families who meet the initial application deadlines. Your chances of receiving financial aid are significantly reduced if you apply late.
Always check with your admission office to determine their exact process, including deadlines and if other documents are needed. And if financial aid isn’t enough to make your dreams of attending boarding school come true, there are even more options to help finance your education.