Is there financial assistance available to help with tuition? Yes, financial assistance is available for families that demonstrate need. Need is determined to be the difference between a family’s resources and the cost of a student’s educational expenses.
How many students at Julia Morgan School receive financial assistance? Julia Morgan School for Girls is committed to creating a school community that is socio-economically diverse. To ensure this goal, 30% of our students receive financial assistance, with grants ranging from 5-95% of the total tuition.
How is eligibility for financial assistance determined? Julia Morgan School for Girls uses the Parents’ Financial Statement (PFS) from the School and Student Service for Financial Aid (SSS) to do a standardized calculation to determine need. Tuition grants are awarded based on the information you provide on the PFS, the JMSG Application for Financial Assistance and current tax returns (including all schedules and W2s). Throughout the process we make every effort to take into account each family’s particular circumstances. If you are interested in applying for financial assistance please return the Financial Assistance request card included in the application materials as soon as possible, because the deadline for submitting your Application for Financial Assistance is January 9, 2009 (JMSG sibling families please call the Admission Office (x125) for additonal information).
What if I don’t have my 2008 taxes ready in time for the financial aid deadline? It is important that the Financial Assistance Committee has as much information as possible on which to base its allocation decisions. Plan to make a tax appointment as early as possible so that you can submit a copy of your return by February 9, 2009. Both the PFS and the JMSG Financial Assistance application ask for specific information from your 2007 & 2008 tax return as well as a close estimation of your 2009 financial information. In the absence of your tax return the Committee will base its decision on your estimations. However, any allocation of assistance will be provisional until your 2008 taxes are received and reviewed. If there are any significant discrepancies between your estimations and your actual taxes, the Committee will reconsider the amount of assistance offered.
I am self-employed. Does this affect my financial assistance application?You will still be expected to turn in the PFS, the JMSG Financial Assistance Application and your 2007 & 2008 taxes. Along with your 2007& 2008 taxes please submit all 1099s and any additional employment information that you can provide.
Will applying for financial assistance affect my daughter’s chance of being accepted?No, a family’s ability to pay does not affect a student’s acceptance by the School.
When will I find out if my daughter has been offered financial assistance?Admission acceptance letters are sent out on March 12, 2009 and will include notification of any financial assistance JMSG is able to provide. (Please note that financial assistance allocation is not final until we receive all required paperwork and tax returns.)
Are all students who are offered admission also offered financial assistance if their parents qualify?Unfortunately, no. The number of accepted students whose families qualify for financial assistance usually exceeds the school’s budget. The school is not able to guarantee funding for all deserving students.
My spouse and I are separated. Do we both need to submit our financial information to apply for financial assistance?Yes! Both parents/guardians of each girl are expected to contribute to the payment of their daughter’s tuition regardless of legal agreements. JMSG considers the income and assets of all of a child’s parents and family units in evaluating ability to pay, and requires all parents, including non-custodial parents, to submit the PFS, the JMSG Financial Assistance Application and their 2007 & 2008 taxes by the deadline. All submitted information will be kept confidential. Such information is never shared with other family members.
If my daughter receives financial assistance her first year at JMSG is she guaranteed financial assistance for the rest of her time at the school?Families must reapply for financial assistance each year. Provided family circumstances remain similar and the school’s resources can continue to support the family, the school intends to support each student for all three years at JMSG. Because of varying resources of the school and applicants, and the changing composition of our applicant pool, assistance awards may vary from year to year.
If my daughter does not receive financial assistance her first year at JMSG, can we apply for next year?Yes, families have the opportunity to apply for financial assistance each year, but priority is given to families who currently receive financial assistance and to new sixth grade families.
Who can I speak with if I have more questions about tuition and/or financial assistance?General questions about financial assistance should be addressed to Darlene Bell-Carson in the Admission Office at (510) 632-6000 x125, or
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
.
|
