Financial Aid Program
TNCS embraces diversity in every aspect of school functioning, and economic diversity is an important facet of our school community. We provide financial assistance to qualified families who might otherwise find tuition for independent education out of reach.
To gather the necessary financial information that will help us identify eligible families, we partner with FACTS Financial Aid Assessment. Once your information has been processed through FACTS, our Financial Aid Committee determines how much your family might be able to contribute toward education costs and how much assistance might be needed.
Financial Aid Process and Requirements for Fall 2017
We welcome your family to apply for financial aid. Please note that families who receive financial aid must reapply annually. The amount of assistance may fluctuate based on changes in financial status.
The New Century School does not discriminate on the basis of race, sex, sexual orientation, religion, or national or ethnic origin in the admissions policy, educational policies, or any other program administered by the school.
Applying for Financial Aid
We are currently accepting financial aid applications for elementary and middle school families for the 2017–2018 school year.
You do not need to wait for acceptance into TNCS before starting the financial aid process, but you must have submitted your completed application form prior to consideration for financial aid.
Step 1: Submit your Application for Enrollment
Step 2: Submit an Application to FACTS Grant & Aid Assessment
FACTS Grant & Aid Assessment is an independent, third-party company that conducts financial analysis to determine your family’s financial need. Once you have applied through FACTS, we receive a confidential report outlining your financial situation based on the information obtained in your application and supporting tax documents. Your transparency and good faith during this process are essential. There is a $30 application fee.
The deadline for completing your application for financial aid is February 1, 2017.
Step 3: Financial Aid Decision
There is no standard amount of financial aid; rather, each decision is made on an individual basis. If your family is determined to be eligible, the amount of your assistance will be based on what contributions your family is able to make toward the cost of your child’s education. We will notify you of the decision in writing.
What We Consider
To help your family make up the difference between tuition costs and how much you can contribute, we look at federal income tax returns, W-2 forms, and supporting documentation for non-taxable income as well as the following factors:
- Number of children in family
- Number of children attending tuition-charging schools
- Discretionary expenditures
- Annual retirement savings
Both Parents’ Finances Determine Financial Aid Eligibility
In considering a family’s eligibility for financial aid at TNCS, both biological/adoptive parents’ income, assets, and other pertinent financial details are taken into account. This includes parents sharing a residence, parents living in separate countries, parents who are separated or divorced, and parents who are remarried.
Separated or divorced parents who share child custody must each complete a FACTS financial aid application. If either parent has remarried, the step-parent’s financial information must also be included on the FACTS application. Thus, each parent contributes to the cost of education according to his or her ability. Supporting legal documentation may be requested, such as divorce certificates and child support decrees.
TNCS is committed to providing children with the social and academic foundations they need to become meaningfully contributing members of society, and to helping families afford this exceptional education.