Your financial aid program is vital to enrolling mission-appropriate students and securing the financial stability of your school. The Office of Financial Aid assists students and their families with developing a plan to cover the billable and non-billable costs of attending college. Financial aid budgets vary, and demand always exceeds available funds so it is important to follow each school’s procedures carefully and meet all deadlines. However, financial aid is reviewed and awarded each year independently of the year prior. The answer might surprise you. The fellowship program is a partnership between the University of Pennsylvania's Graduate School of Education and two consortiums of the nation’s leading boarding schools and day schools. Independent School Magazine. Only students accepted for admission are considered for financial aid awards. Financial Aid is also available toward the purchase of a student’s school laptop computer, domestic and international travel, and most Trevor AfterSchool programs. Unsubsidized loans carry a fixed rate of 4.30% for the 2020-21 school year, with a one-time fee of 1.057% (for loans disbursed on or after Oct. 1, 2020). Financial Aid award decisions will be made, and we will notify you of your award and admission status on March 26, 2021. 2. Schools want and need middle-income families to join their communities. You must meet multiple criteria for the government to consider you as an independent student. Dependent versus Independent Student for the 2019-2020 school year. However, NJAIS schools offer financial aid/scholarship to those families who qualify. No articles were found. How to Declare Yourself Independent for College Financial Aid A student age 24 or older by Dec. 31 of the award year is considered independent for federal financial aid purposes. For example, Direct Loans are available only to students enrolled at least half-time, and Federal Pell Grant amounts are partially determined by your enrollment status. Most independent schools do not fully utilize financial aid as a lever to help shape their classes. >How Aid is Determined >Types of Aid Available. Skip a line, then type the date. (Financial Aid at Giddens School is awarded based on a family’s demonstrated financial need as well as the school’s capacity to provide support.) Epiphany School has a needs-blind admission process, which means that admission decisions are made independent of the financial aid award process. In 2020 many independent schools are reexamining their approach to financial aid, largely driven by both the COVID-19 pandemic and the nation’s reckoning with racial justice. As a central part of our commitment to Diversity, Equity and Inclusion , Dwight values enrolling a highly qualified student body with diverse talents, interests, and backgrounds. Fact: Tuition can be expensive. Admission and Financial Aid Browse Topics This section of the Knowledge Center contains admission and financial aid resources, information, and best practices from NAIS. If you are applying for financial aid for 2018 and you will be 24 by January 1 st, 2018, you will be considered an independent student. Find what you're looking for by using the Search fields. Skip another line, then type a greeting to a specific financial aid officer. Age is the most common way to apply for this status, but there are other ways. The Independent School Teaching Residency program requires students to commit to a 2-year fellowship at a partner school, teaching a reduced load in addition to completing online and in-person courses. FINANCING AN INDEPENDENT SCHOOL EDUCATION. If you're applying as an independent student, verifying your dependency status can add time to your application processing. An Independent Student. 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