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Financial Assistance

Affording a Parish Education

In keeping with our mission to foster an inclusive Episcopal community, Parish seeks to attract and maintain a diverse and talented student body, including students from diverse socio-economic backgrounds. As such, the School is committed to providing financial assistance to families that demonstrate financial need.

Parish’s financial assistance philosophy is based on the principle that each family bears the primary responsibility for financing a student’s educational costs. Every family contributes to their student’s tuition to the extent they are financially able. The goal of the financial assistance program is to make a Parish education both accessible and affordable. No family should assume that a Parish education is out of reach solely for financial reasons.

For the 2018-2019 school year, Parish awarded more than $3 million in tuition assistance and supplemental support to more than 160 students. Tuition assistance grants range from $1500 to more than $28,000. 

Parish follows set procedures to ensure a fair, consistent and equitable assessment of each family’s ability to pay educational expenses. The entire process is completely confidential. The School does not discriminate on the basis of race, religion, national origin, gender, sexual orientation or any other category protected by law in the administration of the financial assistance program.

For full details, please see our Financial Assistance Philosophy, Process and Practices.

Contact

Juli Baldwin, Director of Financial Aid
jbaldwin@parishepiscopal.org
972.852.8800

Contacto de Español:
Elisa Cantu-Garcia
ecantu-garcia@parishepiscopal.org
972.239.8011

What is tuition assistance and what does it cover?

Financial assistance is provided in the form of tuition-reducing grants for tuition and fees. Grants are not tuition discounts, but actual dollars credited to the student’s tuition account. They are not loans and do not need to be repaid. Parish also offers supplemental support for students who qualify for the highest level of tuition assistance to help defray some of the costs of attendance over and above tuition.

The majority of tuition assistance is provided to students in grades 5 through 12. Tuition assistance is not available for pre-kindergarten and is limited to half of tuition for kindergarten.

Will applying for financial aid affect my child’s admission chances?

No. Admission applications to Parish are considered without regard to need for financial assistance. Admission committees are not aware of which students have applied for tuition assistance. We encourage families who think they might need tuition assistance to apply by the deadline, as funds are often not available at a later date.

How can we apply for tuition assistance?

Returning students must reapply every year – check myPARISH portal for details on how to apply.

New applicants:

1.      Complete your admission application by January 4, 2019 and check the request for financial assistance box.

2.      Complete the Parents’ Financial Statement (PFS) online at School and Student Services and submit Required Tax Documents by February 8, 2019. Be sure to have the PFS report sent to Parish Episcopal School, code 5660.

  • Parish uses a third-party provider, School and Student Services (SSS), to collect and analyze families’ financial information. The Parents’ Financial Statement (PFS) is a comprehensive application that will take some time to complete. SSS offers webinars, a step-by-step guide and a workbook on its website to assist parents with completing the PFS.
  • SSS charges a $49 fee to process the PFS. For families who qualify based on their financial information, the fee will be waived by SSS when the PFS is submitted. Parish does not have the ability to waive the fee.
  • When asked on the PFS how much you will contribute toward your child’s educational expenses, please do not answer $0. Parish does not offer full-tuition grants. Carefully consider what you are able to pay toward tuition, rather than what you are willing to pay or would like to pay.
  • In addition to completing the PFS, several tax documents are required. Applications cannot be considered without the following:
  1. Signed copy of 2017 Form 1040, 1040A or 1040EZ plus all accompanying schedules
  2. 2017 W-2s
  3. Signed copy of 2016 Form 1040, 1040A or 1040EZ plus all accompanying schedules
  4. 2016 W-2s
  5. If a parent owns a business, signed copies of the 2016 and 2017 business tax returns and accompanying schedules are required for each business owned (Form 1040 Schedules C and E for sole proprietors, Form 1065 for partnerships, Form 1120 for corporations and Form 1120S for S-Corps).

What is the deadline to apply for tuition assistance?

Returning students:
Applications are due November 16, 2018
Decisions will be sent February 1, 2019

New applicants:
Applications are due February 8, 2019
Decisions will be sent March 8, 2019

New sibling applicants:
Applications are due November 16, 2018
Decisions will be sent March 8, 2019

Does Parish offer scholarships?

Other than three named scholarships for students who demonstrate financial need, Parish does not offer merit aid, merit scholarships or athletic scholarships. All tuition assistance grants are solely need based. Financial aid applicants will be notified if they meet the criteria to apply for a named scholarship.

Parish does not offer full-tuition grants.  When asked on the PFS how much you will contribute toward your child’s educational expenses, please do not answer $0. Carefully consider what you are able to pay toward tuition, rather than what you are willing to pay or would like to pay.

How are financial aid awards determined?

Financial assistance is determined by the availability of funds and a family’s ability to pay (rather than willingness to pay). In requesting financial assistance, families should carefully plan, budget and adjust spending to demonstrate that an independent school education is a family priority. Families applying for assistance should disclose all resources, including 529 plans, income from cash-based businesses, gifts from family members, etc.

Parish works with School and Student Service (SSS), a third-party organization, to collect and analyze families’ financial information. The Parish Financial Aid Committee uses the amount calculated by SSS that a family can afford to pay toward tuition as a starting point. When determining the final award, the Committee takes many factors into account. The Committee considers the complexities and unique circumstances of each family’s situation, including other children in tuition-charging schools, medical expenses and extenuating circumstances. The Committee also reviews and considers each family’s choices with regard to discretionary spending, such as vacation expenses, club memberships, lessons, club sports, financial support to other family members, charitable contributions and vehicle loan/lease expenses.

In keeping with the principle that each family bears the primary responsibility for financing a student’s education, for families requesting financial assistance, both parents should be fully employed to the best of their abilities. With a few exceptions, an imputed income will be added for calculating the student’s financial need for any able parent who is not providing income.

Do we need to reapply for tuition assistance each year?

Yes, families must reapply for tuition assistance each year. The amount of assistance will vary from year to year based on available funds and the family’s changing financial situation. If a family’s financial situation improves, financial assistance will decrease accordingly. If the family’s financial situation deteriorates, the School will endeavor to increase the level of assistance if funds are available.

Do both parents need to apply in cases of divorce or separation?

Yes. All parents – including those who are divorced, separated or never married, as well as stepparents – must submit an application and all required tax documents in order for their child to be considered for tuition assistance. All information is strictly confidential, and no parent will have access to another parent’s financial information.

Tuition assistance grants are awarded to the student. The family then determines how the tuition balance will be paid. Divorce agreements and court orders are between parents and do not bind the School.  

If a parent refuses to provide financial information, an imputed income will be added for calculating the student’s financial need. If one parent is completely uninvolved in the child’s life and has been for some time, the custodial parent can request a waiver for that parent’s application. Parish defines parent involvement as having custody rights, providing financial support, attending academic/arts/athletic events, having an account on the MyParish school portal, or being listed as authorized to pick up a student from School.