Need-Based Financial Aid Program
In keeping with Quaker tenets, Sidwell Friends School seeks a student body that represents varied economic backgrounds. In 2015-2016, 23% of our students will receive approximately $6,700,000 of financial aid support with an average aid award of $25,708, which covers two-thirds of the average tuition cost.
The financial aid program at Sidwell Friends School is guided by our belief that parents have an obligation to pay the educational expenses of their children to the extent that they are able. The purpose of the financial aid program is to fill the gap between the actual cost of a year’s tuition and what a family can realistically be expected to pay toward this cost.
Should I Apply for Financial Aid?
We realize that a Sidwell Friends School education, while an
excellent investment in your child’s future, represents an expense that
is well beyond the reach of most families. There is no preset income
level that qualifies a family for financial aid. We encourage families
to complete the financial aid process if they feel that the full cost is
more than they can afford. Sidwell Friends School uses School & Student Services by NAIS (SSS) to process our financial aid applications.
For Admissions Applicants
November 2, 2015 – SSS will start processing Parent Financial Statements for the 2016-2017 school year. Do not submit a PFS before this date.
January 5, 2016 – Financial aid material will be emailed explaining the financial aid process if you checked the box on Part I to receive financial aid information.
February 1, 2016 – Deadline to submit Parents’ Financial Statement to School & Student Services By NAIS (SSS). We prefer you complete the PFS online from the SSS website. Our school code is 7366.
February 1, 2016 – Deadline to submit a copy of 2014 Federal tax return including schedules
and W-2s to SSS. Upload a digital copy of
Federal tax return including schedules at the SSS website
or mail a hard copy to School & Student Services By NAIS, P.O. Box
449, Randolph, MA 02368-0449. Tax forms are not sent to the Admissions
February 15, 2016 – Deadline to submit a copy of 2015 Federal tax return including schedules and W-2s to SSS. For faster processing, upload a digital copy of Federal tax return including schedules and W-2s at the SSS website or mail a hard copy to School & Student Services By NAIS, P.O. Box 449, Randolph, MA 02368-0449. Tax forms are not sent to the Admissions Office.
March 1, 2016 – If the above deadlines have been met, and we are able to offer your child admission, financial aid award information will be included in your child's accept packet.
How Need is Determined
Sidwell Friends School uses School & Student Services by NAIS (SSS) to process our financial aid applications. If you are applying to another School that requires completion of a financial aid application other than with SSS, you will need to submit applications to both service providers. Financial aid will not be evaluated by Sidwell Friends based on an application submitted to a provider other than SSS. Parents requesting financial aid are required to complete a Parents' Financial Statement (PFS) and aid awards are based on the standardized calculations derived by the School & Student Services using data from the PFS. The methodology used to determine the parental contribution considers many items including assets, liabilities, age of parents, family size and the number of students in tuition-charging schools. As the Financial Aid Committee looks at financial aid applications, it differentiates between necessary expenses and money spent for lifestyle choices. With respect to the latter, beyond a certain point, we will not provide aid to offset "lifestyle" expenditures that could have been directed to education. The parental contribution calculated by the School might differ from the SSS calculation.
Any financial support that may be available beyond the parents' own income and assets should be reported on the PFS for consideration by the school. These include resources that might be expected from grandparents or other relatives, direct scholarships, and any other external support. Sidwell Friends School believes that outside awards should not reduce an established parental contribution. Our need-based process is designed to affirm what a family can pay with or without outside help.
For Current Sidwell Friends Families
Information will be emailed to families currently receiving financial aid on December 1, 2015. If you are not currently receiving financial aid, but want to apply for the 2016-2017 school year, please call the Office of Admissions and Financial Aid. Parents' Financial Statement should be submitted from the SSS website by January 5, 2016. In order to finalize financial aid awards, which are granted in mid-February, parents must provide a copy of their 2015 Federal tax return by April 30, 2016. For faster processing, upload a digital copy of Federal tax return including schedules and W-2s at the SSS website or mail a hard copy to School & Student Services By NAIS, P.O. Box 449, Randolph, MA 02368-0449. Tax returns are no longer collected in the SFS Office of Admissions and Financial Aid.