Affording a JMSG Education

SSS is a third-party need analysis service that relies on economic factors to determining the eligibility of families. Once a family has applied for Flexible Tuition, SSS generates a Report of Family Contribution (RFC). JMSG then applies a Bay Area Cost of Living Allowance (COLA) to determine a family's ability to pay. JMSG assumes that all adult family members including parents, guardians, domestic partners, and step-parents will work to contribute to the investment in a JMSG education. Families with preschool-aged children or extraordinary situation should make the committee aware of their circumstances in the additional notes section of the PFS. If more than one child in a family attends a tuition-charging institution, JMSG strongly recommends families apply for aid at each of the institutions their children attend. 

Business
All parents who own a business will be required to upload all current business tax returns. Business owners will also be asked to furnish income statements, balance sheets, and any other information relevant to the business. 

Student Assets/ Trusts/ College Funds/Inheritance
Savings, investments, trust funds, 529 funds, or other assets in a student’s name or held for a student for any reason, or restricted in any way, are considered available resources for use in funding a student’s education at JMSG.

Home Equity
The SSS need analysis considers the equity a family has in their primary residence and other assets. It is not our intent to expect parents to sell their home or to take home equity to support a child’s education unless the balance of equity is significant. 

 

First, consider the full cost of an independent school education. If you cannot cover expenses out of income and judicious use of assets, consider your other options, such as tapping home equity or assistance from relatives. If you are counting on gifts from relatives, it is important to discuss with them whether or not they can maintain that help over the course of your child’s attendance at JMSG.

No. Admission decisions are made independently.

Yes! Please be assured that all information will be kept in the strictest confidence. 

Yes. Each student’s need is recalculated annually. Therefore, parents are required to complete the application and upload the required documentation each year. Provided family circumstances remain the same and the school’s resources can continue to support the program to the same extent, the school intends to fund the student for three years. 

Yes. The Flexible Tuition amount covers the cost of tuition, classroom books, school materials, and field trips. Extra costs such as Scholars Studio (after school study hall) will be adjusted for flexible tuition families based on need.