Tuition Assistance
Cape Ann Waldorf School offers financial aid to qualified students, current and newly admitted, to enable them to receive the benefits of a Waldorf education when families are unable to pay full tuition. Assistance is available in 5-Day Kindergarten and Grades 1 - 8.
How Awards Are Made
Cape Ann Waldorf School has contracted with the FACTS Grant and Aid Assessment Program to process financial aid applications and help evaluate a family’s request for financial aid.
If you are interested in applying for financial aid for the 2012-2013 school year, you may begin the application process on-line anytime after December 1, 2011.
Here are two things you'll need:
FACTS Online Application for financial aid (link)
FACTS Tuition Assistance Deadlines, Checklist, and Verification Form for 2012-13(pdf)
Please note these important dates:
January 10, 2012:
· Deadline for completing an on-line application to FACTS. You may begin your on-line application anytime after December 1, 2011. The application fee is $25 per family.
· Deadline for FACTS to receive your 2010 tax documents (with all schedules) and W-2’s to FACTS. You must send them in the mail prior to January 10 so that FACTS receives them by January 10. You may fax them on January 10.
*See checklist of documents to send. If applicable, deadline for submitting supporting documentation for 2010 Social Security income, Welfare Child Support, Food Stamps, Worker’s Compensation, and TANF.
· Deadline for submitting Tuition Assistance Verification Form to the business manager who will forward it to TA Committee. This form is now required for all applicants.
February 1, 2012:
· Tuition assistance decisions will be made and mailed to families.
· Reenrollment deadline.
· Deadline for submitting 2011 tax documents (with all schedules) and W-2’s to FACTS. *See checklist of documents to send. If applicable, deadline for submitting supporting documentation for 2011 Social Security income, Welfare Child Support, Food Stamps, Worker’s Compensation, and TANF.
Frequently Asked Questions about Financial Aid:
How is financial need determined?
CAWS and FACTS estimate financial need by reviewing a family's income, expenses, assets and liabilities, number of family members, and the number of children attending tuition-charging institutions. After an allowance for core expenses and taxes, the remaining funds are considered discretionary income. A portion of this discretionary income is available for education. CAWS utilizes the FACTS calculations as a starting point, and may also factor in extenuating circumstances before determining what it feels a family can afford to contribute. The school does not have an endowment or scholarship fund from which to make awards, rather all awards are made as a reduction in tuition, and thereby a reduction in revenue to the school.
Who is eligible for an assistance grant?
Tuition assistance is available for students in five-day kindergarten through grade eight. For grade students, tuition assistance grants are not normally made in an amount greater than 50% of basic tuition. For five day kindergarten students, tuition assistance grants are available up to 25% of basic tuition. Tuition assistance ordinarily cannot be granted to families with one child in the school with a gross income over $70,000. Net worth and lifestyle are also taken into consideration. A non-employed parent is ineligible for tuition assistance if non-employment is a lifestyle choice.
If parents are separated or divorced, who must complete financial aid paperwork?
In instances of divorce or separation, the Financial Aid Committee looks to the income and assets of the custodial and non-custodial parent(s) and any stepparents to contribute to the cost of their child’s education. All parents must complete a separate application and submit the required supporting documentation.
If I own a business or a farm, will I be asked to file additional information?
A business/farm owner may be asked to furnish additional income and tax information for a business/farm. See Tuition Assistance Description & Checklist for more information.