2017 18 Financial Aid Package amazonaws com
Marymount High School HOW TO APPLY FOR FINANCIAL AID 2017-2018 School Year Application Deadline for Returning Marymount Students: January 20, 2017 Application Deadline for New Students: February 3, 2017 Step 1: Complete the online Parent Financial Statement (PFS) o Marymount High School (SSS Code 4918) partners with School and Student Service (SSS) to handle a major portion of the computations involved in estimating your contribution to your daughter’s education. SSS is a service of the National Association of Independent Schools (NAIS). o Based on the financial information you provide, SSS will calculate an estimated amount that your family can contribute to your daughter’s educational expenses. o Go to http://sssbynais.org/?src=topband and click on the prompt to begin/complete your Parent Financial statement. You will create a user name and password which will allow you to complete the PFS over more than one session. Only one PFS is required per family regardless of the number of children applying. o If you applied for financial aid last year, you may log in as a Returning Family using the e-mail address and password you set up last year. o The PFS Step-by-Step instructions are available in English and Spanish at http://sssbynais.org/parents/apply Parent Webinars are also available to help at http://sssbynais.org/parents/apply/parent-webinars If you would like to speak to an SSS customer service representative, they can be reached at (800) 344-8328. o Returning students: Applications must be submitted to SSS no later than January 20, 2017. o New students (9th grade applicants and transfer students): Applications must be submitted to SSS no later than February 3, 2017. o A credit card will be needed to process the $48 PFS application fee. o Fee waivers are available for qualified applicant families. Please refer to SSS Fee Waivers at http://sssbynais.org/fee-waivers
Step 2: Complete the IRS Form 4506T o On the IRS Form 4506T Request for Copy of Transcript of Tax Return, complete only lines 1- 5, leave the date blank and sign the form. Submit this form by uploading it directly to the SSS website or mail to SSS. o Instructions on how to upload the required documents are available at http://sssbynais.org/parents/apply/required-documents. o If submitting the form to SSS by mail, be sure to include the SSS cover sheet so SSS can upload your materials in your daughter’s file. o The mailing address for SSS is: SSS by NAIS P.O. Box 449 Randolph, MA 02368
If sending over night: SSS by NAIS Application Processing Center 15 Dan Road, Suite 102 Canton, MA 02021
HOW TO APPLY FOR FINANCIAL AID (continued)
Step 3: Complete the Marymount High School Financial Aid Application o Marymount High School makes every effort to distribute its limited financial aid resources as equitably as possible. This requires the cooperation of all applicants in supplying Marymount with the information necessary to assess your family’s financial position. o Answers to the questions included in the Financial Aid Application allow the Financial Aid Committee to view financial need beyond the numbers you have submitted to School and Student Services (SSS). We welcome you to write about particular family circumstances that you may wish to explain in the last section of this document. All information submitted will be handled in strictest confidence. o Submit the Marymount High School Financial Aid Application by uploading it directly to the SSS website or mail to SSS as explained in Step 2 above.
Step 4: Submit your federal tax returns, W-2 and/or 1099 forms, and other documentation o Submit your 2015 Federal Income Tax Return (Form 1040), all accompanying schedules, W-2’s and/or 1099’s by uploading it directly to the SSS website by the application deadline or mail to SSS as explained in Step 2 above. Important Note: If you are a returning family, applied for financial aid last year and already provided SSS with your 2015 tax documentation as requested last April, you do not have to resubmit 2015 tax returns, W-2s or 1099s. o If you are divorced or legally separated, please submit the appropriate section of your most recent decree or agreement indicating: Custody and Educational Expense Arrangements and Child/Spousal Support to SSS by the application deadline as explained in Step 2 above. o If you are self-employed/partner, please submit the most recent of the following as appropriate to SSS by the application deadline as explained in Step 2 above: - Form 1120: if you are incorporated as a corporation - Form 1120S: if you are a Subchapter S Corporation - Form K-1: if you are a shareholder or partner of a partnership o Upload or mail your 2016 Federal Income Tax Return (Form 1040) and all accompanying schedules to SSS as explained in Step 2 above by May 1, 2017. o Questions? Contact SSS Customer Service at (800 )344-8328 or Lori Paillet in the Marymount Business Office at (310)472-1205, extension 318 or [email protected].
Note: All documents are submitted to SSS either by upload, mail or over night. No documents should be submitted directly to Marymount High School.
Financial aid award decisions will be communicated to families of newly accepted students who have completed financial aid application packages via e-mail on March 10, 2017. A hard copy of the award decision will also be mailed. Notification of renewed Financial Aid awards for continuing students with completed financial aid applications packages will be made by February 28, 2017.
Marymount High School Summary of Financial Aid Policies 2017-‐2018 School Year
•
Financial Aid awards are granted based on demonstrated financial need, within the limits of the school’s Financial Aid resources.
•
In evaluating the level of aid needed to meet the cost of a Marymount education, the Financial Aid Committee takes into account all available sources of support, expenses and priority of spending, family assets and debts, the number and ages of children, and additional dependents.
•
The school’s Financial Aid resources are limited. Accordingly, the renewal of financial aid for continuing students (those already receiving aid) is our first priority. Consideration is then given to those applying for aid for the first time.
•
Renewal of Financial Aid for continuing students is based on the following: • • •
•
Proof of continued financial need – A new PFS and current tax returns must be submitted each year by the prescribed deadlines for families to be considered for Financial Aid awards. The family’s payment status – Families must be current in their payments for the current academic year to be considered for Financial Aid. Evidence that the student is in good academic standing and a good citizen of the Marymount Community.
New students must first be accepted for admission and then are considered for Financial Aid awards if all Financial Aid forms and related documentation have been received by the prescribed deadlines.
Application Deadline for Returning Students: January 20, 2017 Application Deadline for New Students: February 3, 2017 •
In the case of divorced or separated parents, both natural parents must complete separate PFSs. Both parents must also upload or mail their separate Federal Income Tax Returns (Form 1040, W-2s and all accompanying schedules, including Schedule C in cases where parents own and/or operate their own businesses) and Financial Aid Supplemental Information forms directly to SSS.
•
The school will not be bound by the assertion of one parent that he/she is not responsible for the education expenses, even in the case of divorce and re-marriage. If information from both parents is not available at the time the application is evaluated, a lesser award or no award may result.
•
Please note that if the financial information reported in your tax returns is significantly different than the financial information submitted in your initial Financial Aid application, the Financial Aid Committee reserves the right to reevaluate and modify your Financial Aid award based on this new information.
•
Falsification of financial and/or other information provided to the school in connection with the Financial Aid process can result in immediate withdrawal of Financial Aid awarded for the year.
INCOMPLETE/LATE FINANCIAL AID APPLICATIONS (RECEIVED AFTER THE DEADLINE) CANNOT BE CONSIDERED
Application Deadline for Returning Students - January 20, 2017 Application Deadline for New Students - February 3, 2017
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATON 2017-2018 Application Deadline for Returning Students: January 20, 2017 Application Deadline for New Students: February 3, 2017
STUDENT'S NAME: _____________________________________________________
ENTERING GRADE: __________________________DATE: ____________________
All financial and other information provided in my family’s Financial Aid application is true and correct to the best of my knowledge.
PARENT SIGNATURE: ________________________________________________
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATION 2017 – 2018
1.
Monthly income and expenses. It is very helpful to the Committee to understand your obligations. Please submit a list of your monthly income and expenses. If you have irregular income, such as commissions, allocate 1/12 of your annual income to this monthly budget. For expenses, such as insurance, property tax payments, or vacation expenses, please allocate 1/12 of the total to this monthly budget. FAMILY MONTHLY BUDGET
Monthly Income: Father (net) Mother (net) Other income: Rental (net) Alimony _______________ _______________ _______________ _______________
$__________________ __________________
Total monthly income
$__________________
__________________ __________________ __________________ __________________ __________________ __________________
Monthly Expenses: Mortgage(s) Rent Automobiles (payments, gasoline, upkeep) Food Tuition Utilities (gas, electricity, water) Telephone Telephone (cell) Insurance (health, dental vision) Insurance (auto, liability, fire) Entertainment Vacation/Travel Housekeeping Service Gardener Consumer debt/credit card Other expenses: _______________ _______________ _______________ _______________
$__________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________
Total monthly expenses
$__________________
Net monthly cash flow
$__________________
__________________ __________________ __________________ __________________
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATION 2017 - 2018 2. Other Financial Resources: Please describe other financial resources available to help pay student costs of the school year. From parent (s) income/assets $_________ From friends and relatives (including grandparents) _________ From other sources _________ Total $_________ _______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 3. Please estimate the total amount you believe your family can afford to pay toward your daughter’s Marymount education in the form of a monthly payment: $ _______________ 4. Consumer Debt: Please explain in detail the source of all consumer debt. Total credit card debt Other consumer debt IRS/State Tax debt Total
$__________ __________ __________ $__________
_______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 5. If you are self-employed it would be helpful to the Financial Aid Committee to have the following information: What percentage of the company do you own? __________________ Do you work out of your home? __________________ Do any of your family members work in your business? ______________________________ 6. Fully describe any changes in your family's situation or unusual circumstances. ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ 7. Is this application for Financial Aid an isolated or a continuing need? _____________________________________________________________________________________________ _____________________________________________________________________________________________ 8. Please indicate whether your child(ren) participate in before or after school programs and your expense for these activities. Cost Day Care: ____________________________________ After School Programs: _________________________ Summer School: _______________________________ Camps/Club Sports: ____________________________ Lessons: _____________________________________ Tutoring: _____________________________________ Other: _______________________________________ _______________________________________ Total
$
____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________
$
____________
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATION 2016 - 2017 9. If parents are separated or divorced, what are the financial arrangements for the education of your child(ren). Please describe the custody arrangements. ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ 10. If your daughter is applying to Marymount High School for the 9 grade or as a transfer student, to which other secondary schools is she also applying? th
1. ____________________________ 2. ____________________________ 3. ____________________________ 4. ____________________________ 5. ____________________________ 6. ____________________________ 11. Any other comments or information that you believe would be helpful in determining your financial aid award: ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ Please upload this completed form to School and Student Services (SSS) or mail this form to SSS to be received by the filing deadline. If you need help uploading this document, please call SSS customer service at (800) 344-8328 or contact Lori Paillet at (310)472-1205, x318. If you are mailing to SSS (mail by 10 days prior to the due date) or sending a package over night, the following addresses may be used: Standard Mail: SSS by NAIS P.O. Box 449 Randolph, MA 02368 Over night: SSS by NAIS Application Processing Center 15 Dan Road Suite 102 Canton, MA 02021
Step 2: Complete the IRS Form 4506T o On the IRS Form 4506T Request for Copy of Transcript of Tax Return, complete only lines 1- 5, leave the date blank and sign the form. Submit this form by uploading it directly to the SSS website or mail to SSS. o Instructions on how to upload the required documents are available at http://sssbynais.org/parents/apply/required-documents. o If submitting the form to SSS by mail, be sure to include the SSS cover sheet so SSS can upload your materials in your daughter’s file. o The mailing address for SSS is: SSS by NAIS P.O. Box 449 Randolph, MA 02368
If sending over night: SSS by NAIS Application Processing Center 15 Dan Road, Suite 102 Canton, MA 02021
HOW TO APPLY FOR FINANCIAL AID (continued)
Step 3: Complete the Marymount High School Financial Aid Application o Marymount High School makes every effort to distribute its limited financial aid resources as equitably as possible. This requires the cooperation of all applicants in supplying Marymount with the information necessary to assess your family’s financial position. o Answers to the questions included in the Financial Aid Application allow the Financial Aid Committee to view financial need beyond the numbers you have submitted to School and Student Services (SSS). We welcome you to write about particular family circumstances that you may wish to explain in the last section of this document. All information submitted will be handled in strictest confidence. o Submit the Marymount High School Financial Aid Application by uploading it directly to the SSS website or mail to SSS as explained in Step 2 above.
Step 4: Submit your federal tax returns, W-2 and/or 1099 forms, and other documentation o Submit your 2015 Federal Income Tax Return (Form 1040), all accompanying schedules, W-2’s and/or 1099’s by uploading it directly to the SSS website by the application deadline or mail to SSS as explained in Step 2 above. Important Note: If you are a returning family, applied for financial aid last year and already provided SSS with your 2015 tax documentation as requested last April, you do not have to resubmit 2015 tax returns, W-2s or 1099s. o If you are divorced or legally separated, please submit the appropriate section of your most recent decree or agreement indicating: Custody and Educational Expense Arrangements and Child/Spousal Support to SSS by the application deadline as explained in Step 2 above. o If you are self-employed/partner, please submit the most recent of the following as appropriate to SSS by the application deadline as explained in Step 2 above: - Form 1120: if you are incorporated as a corporation - Form 1120S: if you are a Subchapter S Corporation - Form K-1: if you are a shareholder or partner of a partnership o Upload or mail your 2016 Federal Income Tax Return (Form 1040) and all accompanying schedules to SSS as explained in Step 2 above by May 1, 2017. o Questions? Contact SSS Customer Service at (800 )344-8328 or Lori Paillet in the Marymount Business Office at (310)472-1205, extension 318 or [email protected].
Note: All documents are submitted to SSS either by upload, mail or over night. No documents should be submitted directly to Marymount High School.
Financial aid award decisions will be communicated to families of newly accepted students who have completed financial aid application packages via e-mail on March 10, 2017. A hard copy of the award decision will also be mailed. Notification of renewed Financial Aid awards for continuing students with completed financial aid applications packages will be made by February 28, 2017.
Marymount High School Summary of Financial Aid Policies 2017-‐2018 School Year
•
Financial Aid awards are granted based on demonstrated financial need, within the limits of the school’s Financial Aid resources.
•
In evaluating the level of aid needed to meet the cost of a Marymount education, the Financial Aid Committee takes into account all available sources of support, expenses and priority of spending, family assets and debts, the number and ages of children, and additional dependents.
•
The school’s Financial Aid resources are limited. Accordingly, the renewal of financial aid for continuing students (those already receiving aid) is our first priority. Consideration is then given to those applying for aid for the first time.
•
Renewal of Financial Aid for continuing students is based on the following: • • •
•
Proof of continued financial need – A new PFS and current tax returns must be submitted each year by the prescribed deadlines for families to be considered for Financial Aid awards. The family’s payment status – Families must be current in their payments for the current academic year to be considered for Financial Aid. Evidence that the student is in good academic standing and a good citizen of the Marymount Community.
New students must first be accepted for admission and then are considered for Financial Aid awards if all Financial Aid forms and related documentation have been received by the prescribed deadlines.
Application Deadline for Returning Students: January 20, 2017 Application Deadline for New Students: February 3, 2017 •
In the case of divorced or separated parents, both natural parents must complete separate PFSs. Both parents must also upload or mail their separate Federal Income Tax Returns (Form 1040, W-2s and all accompanying schedules, including Schedule C in cases where parents own and/or operate their own businesses) and Financial Aid Supplemental Information forms directly to SSS.
•
The school will not be bound by the assertion of one parent that he/she is not responsible for the education expenses, even in the case of divorce and re-marriage. If information from both parents is not available at the time the application is evaluated, a lesser award or no award may result.
•
Please note that if the financial information reported in your tax returns is significantly different than the financial information submitted in your initial Financial Aid application, the Financial Aid Committee reserves the right to reevaluate and modify your Financial Aid award based on this new information.
•
Falsification of financial and/or other information provided to the school in connection with the Financial Aid process can result in immediate withdrawal of Financial Aid awarded for the year.
INCOMPLETE/LATE FINANCIAL AID APPLICATIONS (RECEIVED AFTER THE DEADLINE) CANNOT BE CONSIDERED
Application Deadline for Returning Students - January 20, 2017 Application Deadline for New Students - February 3, 2017
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATON 2017-2018 Application Deadline for Returning Students: January 20, 2017 Application Deadline for New Students: February 3, 2017
STUDENT'S NAME: _____________________________________________________
ENTERING GRADE: __________________________DATE: ____________________
All financial and other information provided in my family’s Financial Aid application is true and correct to the best of my knowledge.
PARENT SIGNATURE: ________________________________________________
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATION 2017 – 2018
1.
Monthly income and expenses. It is very helpful to the Committee to understand your obligations. Please submit a list of your monthly income and expenses. If you have irregular income, such as commissions, allocate 1/12 of your annual income to this monthly budget. For expenses, such as insurance, property tax payments, or vacation expenses, please allocate 1/12 of the total to this monthly budget. FAMILY MONTHLY BUDGET
Monthly Income: Father (net) Mother (net) Other income: Rental (net) Alimony _______________ _______________ _______________ _______________
$__________________ __________________
Total monthly income
$__________________
__________________ __________________ __________________ __________________ __________________ __________________
Monthly Expenses: Mortgage(s) Rent Automobiles (payments, gasoline, upkeep) Food Tuition Utilities (gas, electricity, water) Telephone Telephone (cell) Insurance (health, dental vision) Insurance (auto, liability, fire) Entertainment Vacation/Travel Housekeeping Service Gardener Consumer debt/credit card Other expenses: _______________ _______________ _______________ _______________
$__________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________
Total monthly expenses
$__________________
Net monthly cash flow
$__________________
__________________ __________________ __________________ __________________
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATION 2017 - 2018 2. Other Financial Resources: Please describe other financial resources available to help pay student costs of the school year. From parent (s) income/assets $_________ From friends and relatives (including grandparents) _________ From other sources _________ Total $_________ _______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 3. Please estimate the total amount you believe your family can afford to pay toward your daughter’s Marymount education in the form of a monthly payment: $ _______________ 4. Consumer Debt: Please explain in detail the source of all consumer debt. Total credit card debt Other consumer debt IRS/State Tax debt Total
$__________ __________ __________ $__________
_______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 5. If you are self-employed it would be helpful to the Financial Aid Committee to have the following information: What percentage of the company do you own? __________________ Do you work out of your home? __________________ Do any of your family members work in your business? ______________________________ 6. Fully describe any changes in your family's situation or unusual circumstances. ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ 7. Is this application for Financial Aid an isolated or a continuing need? _____________________________________________________________________________________________ _____________________________________________________________________________________________ 8. Please indicate whether your child(ren) participate in before or after school programs and your expense for these activities. Cost Day Care: ____________________________________ After School Programs: _________________________ Summer School: _______________________________ Camps/Club Sports: ____________________________ Lessons: _____________________________________ Tutoring: _____________________________________ Other: _______________________________________ _______________________________________ Total
$
____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________
$
____________
MARYMOUNT HIGH SCHOOL FINANCIAL AID APPLICATION 2016 - 2017 9. If parents are separated or divorced, what are the financial arrangements for the education of your child(ren). Please describe the custody arrangements. ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ 10. If your daughter is applying to Marymount High School for the 9 grade or as a transfer student, to which other secondary schools is she also applying? th
1. ____________________________ 2. ____________________________ 3. ____________________________ 4. ____________________________ 5. ____________________________ 6. ____________________________ 11. Any other comments or information that you believe would be helpful in determining your financial aid award: ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ Please upload this completed form to School and Student Services (SSS) or mail this form to SSS to be received by the filing deadline. If you need help uploading this document, please call SSS customer service at (800) 344-8328 or contact Lori Paillet at (310)472-1205, x318. If you are mailing to SSS (mail by 10 days prior to the due date) or sending a package over night, the following addresses may be used: Standard Mail: SSS by NAIS P.O. Box 449 Randolph, MA 02368 Over night: SSS by NAIS Application Processing Center 15 Dan Road Suite 102 Canton, MA 02021
