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Need-based Financial Aid

Saint Mary’s School is dedicated to providing need-based financial assistance to deserving families.

These grants are given to students with demonstrated need who would not otherwise have been able to afford Saint Mary’s School.

All need-based financial aid awards are reviewed annually. Applicants and returning students who are interested in need-based financial aid must apply each year with current financial information by the published deadlines.

Unless there is a significant change in a family’s financial situation, returning students who meet the financial aid application deadlines can expect the level of aid to be consistent from year to year. If a boarding student becomes a day student or vice versa, the financial aid will adjust accordingly.

The need-based financial aid application process can be divided into four main parts: Parents’ Financial Statement (PFS), 1040 and supporting schedules, W-2 forms, and Form 4506-T.**

This checklist details the need-based financial aid application process. Families who meet the application deadlines receive priority in the financial aid process.

PART 1: PARENTS’ FINANCIAL STATEMENT, 2017 1040, AND SUPPORTING SCHEDULES | JANUARY 30

The Parents’ Financial Statement (PFS) is the cornerstone of our financial aid process. The PFS gathers relevant information about your family size, income and expenses all in one place. After you submit your PFS, School and Student Services (SSS) will send Saint Mary’s their analysis. These results provide a starting place from which we calculate your financial need so it is important to include any explanations that will give us insight into your family’s situation. Please be sure to fill in a realistic figure for your family’s budget for your daughter’s tuition as it will play directly into the review of your file. The PFS can be found online at http://sss.nais.org. The Saint Mary’s Code is 1321. Please submit a copy of your prior year's tax return.

PART 2: 2018 1040 AND SUPPORTING SCHEDULES | FEBRUARY 15TH

By submitting your 2018 tax return, our financial aid office is able to verify that your information has been entered correctly into the PFS. If you are unable to submit your 2018 tax return by the deadline, we will temporarily accept your 2017 tax forms. Please keep in mind that a financial aid application is not considered complete until we have received all up to date forms.

PART 3: 2018 W-2 FORMS | FEBRUARY 15

Similar to your tax return, submitting your 2018 W-2s is required and is another important way for Saint Mary’s to verify your PFS.

PART 4: FORM 4506-T - REQUEST FOR TRANSCRIPT OF TAX RETURN | FEBRUARY 15

We ask families to submit this form signed but not dated. This form allows the financial aid office to request a copy of your most recent tax return from the IRS if we deem that to be necessary.

*Returning Saint Mary's families who meet the January 30 PFS deadline will be notified of provisional financial aid awards for the 2019-2020 school year at the time of re-enrollment. Financial aid awards will not be confirmed until we have received the 2018 1040 and W-2 forms.

**If you own a business, farm or partnership, you will also need to the Business Return EK-1 and submit your 2018 Business Tax Return and/or your 2018 K-1 by February 15.