We consider each student’s application need-blind, without regard to financial aid status. We maintain a financial aid budget of about $4.1 million, dedicated exclusively to families who demonstrate financial need. Our average aid grant is $32,000 per year. Our goal: A campus that reflects the diversity of our region. And a dynamic, pluralistic education in which every voice matters.
125 of the 715 students receive a financial grant
The average grant is $32,000.
The total FA budget is $4.1 million.
Applications are considered without regard to financial aid status.
Gross Household Income for Families Receiving Financial Aid
The family has five children. Two of the children attend college, one is applying to ninth grade and there are two younger siblings in public school. The father is employed as a business executive and earns $500,000; the mother is self-employed and earns $40,000. The children attending college will be required to pay $102,000 after their financial aid grant and scholarships are applied to the tuition.
Tuition for grade 9: $46,630
Estimated grant: $11, 630
Family Contribution: $35,000
The family is applying for kindergarten and third grade. The father is a financial planner and earns $80,000. The mother is a graphic designer and earns $60,000. The family owns their own home and has $10,000 in liquid investments and an IRA totaling $95,000.
Tuition for kindergarten: $40,860
Tuition for grade 3: $42,090
Estimated grant: $74,340
Family Contribution: $8,610
The family is applying to seventh and tenth grades. The parents are divorced. The father is a regional manager for a local pharmaceutical company and earns $325,000. The mother has recently remarried, works as an educator, and earns $30,036. The parents have shared custody. Both children are involved in extracurricular activities with fees averaging $5,000.
Tuition for grade 7: $44,190
Tuition for grade 10: $46,630
Estimated grant: $29,610
Family Contribution: $61,210
- Financial Aid Guiding Principles
- How do I apply for a financial aid grant from GFA?
- My taxes will not be completed by the financial aid application deadline. How should I proceed?
- Is financial aid available to PreK families?
- I am divorced and my ex-spouse has no responsibility for my child’s education according to the court order.
- I have never applied for financial aid before at an independent school. Do you have any tips or advice?
- If my family receives a financial aid grant, does that mean I will get the grant for the following years as well?
- If I do not qualify for a financial aid grant, may I apply later?
- GFA Admission decisions are need-blind. We consider your child’s application without regard for financial aid, and then make a financial aid decision for those who are admitted.
- Financial aid is available in Grades K–12. It is not available in PreK.
- In the case that there are not enough funds available to support every accepted applicant, we first award the students we believe will contribute most positively to our student body. Sometimes a financial aid award may not meet a family’s full demonstrated need.
- GFA carefully guards confidentiality of financial aid grants. Only members of the financial aid committee know anything about your financial aid status, and your child will never know if they received a grant, unless you choose to tell them.
- Financial aid awards are reviewed annually on the basis of the family’s current financial status. Typically, if your financial status has not changed, your grant will remain the same.
- In the case of divorced or separated parents, assets of all responsible parties are considered in determining family need.
- If you think you will need a financial aid grant to attend GFA, we would like to hear from you!
If you have questions regarding the application process, please contact firstname.lastname@example.org or 203-256-7514.
For families applying for a financial aid grant (Grades K-12 only), the financial aid application will be available November 1, 2019 and must be submitted by January 17, 2020. GFA uses School and Student Services (SSS) to process financial aid applications. Please use following link to begin your application: SSS. The school code for your financial aid application is 3556. If you need assistance, please contact the admission office at email@example.com or call 203-256-7514.
The SSS website has webinars, FAQs and live representatives who can also answer your confidential questions about the financial aid application process.
Many families do not complete their IRS1040 tax filing until April 15. There, GFA only requires your IRS W2 and previous tax filing. When you have completed your IRS1040, please upload to your SSS account.
GFA’s policy is that both parents of divorced and/or separated families contribute to the cost of the GFA education, without regard to any additional court adjudication. Parents and step-parents on both sides are required to complete the SSS financial aid application.
If a parent is no longer in the life of a child, the other parent is able to complete an appropriate form that stipulates that the parent is no longer involved in the life of the child. This parent would not be expected to be present at any campus events, including athletic or arts events, or graduation ceremonies.
If you apply for a financial aid grant and do not qualify, one of two things may happen:
1. If you choose to enroll at GFA, you are not eligible to apply for a financial aid grand for the following two years.
2. If you do not enroll at GFA, you are welcome to both apply for admission and a financial aid grant the following year.