Affording Episcopal High School

Signed copies of the required documents should be submittted online or mailed to SSS by NAIS, P.O. Box 449, Randolph, MA 02368.

By Feb. 28. All applicants must submit signed copies of the following required documents to SSS by NAIS:

• IRS Form 1040 for 2013• All IRS Schedules for 2013 (if applicable)• W-2 and/or 1099 forms for 2013• IRS Form 4506-T (sign, but do not date –

available on the EHS website)• Business/Farm Statement (if applicable –

available on the EHS website)

For students whose parents are divorced or separated, both parents are required to submit signed copies of the required documentation, regardless of custodial arrangements.

GRANT DETERMINATION

AND NOTIFICATION

The Financial Aid Committee is chaired by the Financial Aid Director and ultimately reports to the Admissions Director. Other members of the committee include the Chief Financial Officer, an Admissions Officer, and at least two members of the teaching faculty. Both returning students and admissions candidates are notified of financial aid decisions in March. The financial aid decision is mailed to parents along with the invitation for enrollment. Parents are required to reply within 30 days.

How long does it take to complete the Parents’ Financial Statement (PFS)? It takes approximately two hours. The infor-mation provided must be complete and accurate. Referencing the Federal 1040 tax return of the previous year can be very helpful in completing the PFS. Because timeliness in the application process is important, estimated numbers may be used with the Federal 1040 for validation at a later date.

Does the non-custodial parent need to file a PFS and submit a tax return? Yes. The non-custodial parent is required to complete the PFS and return it, along with a photocopy of the signed Federal 1040 form and supporting schedules and wage and tax statement(s).

Is it possible for a family with over $180,000 in income to qualify for financial assistance? Yes. This is very likely if the family is also paying tuition for other children attending educational institutions.

How much will I have to contribute? The primary factors that determine a family’s contribution are: household income and expenses, assets and indebtedness, and the number of children attending schools and colleges that charge tuition. Although individual family financial circum-stances differ, the following table illustrates the average family contribution by income level of students enrolled during the 2013-14 school year.

GROSS NUMBER AVERAGE FAMILY FAMILY INCOME OF FAMILIES CONTRIBUTION

Under $39,999 28 $ 1,039$40,000 - $69,999 25 $ 3,672$70,000 - $99,999 16 $ 3,850$100,000 - $139,999 18 $ 9,719$140,000 - $179,999 16 $17,579Over $180,000 28 $23,297

Are other scholarships that are not based on financial need available? Each year between five and 10 merit scholar-ships are awarded to new students on the basis of academic and extracurricular merit. They range in value from $5,000 to $15,000 and are renewed annually. There is no separate applica-tion process, as all financial aid applicants are automatically considered and awards deter-mined by the Admissions Committee.

Is financial aid available to international students? In special situations, it is possible for inter-national students to receive financial assistance. However, priority in the funding process is given to United States citizens.

Are financial aid recipients limited in the activities that are available to Episcopal students? No. School-sponsored cultural and recre-ational activities are a part of the Comprehensive Fee, and they are made available to everyone along with the tickets, transportation, and super-vision that is provided.

Does applying for financial aid affect my chances for admission? Some years, the collective need of those students deemed admissible by the Admissions Committee exceeds the financial resources avail-able to new students. However, in most years an application for financial aid does not negatively impact the admission decision.

FREQUENTLY ASKED QUESTIONS

ANNUAL RENEWAL: TUITION GRANTS ARE MADE FOR ONE YEAR. PARENTS MUST COMPLETE A PFS EACH YEAR AND SEND

IT TO THE SSS IN ACCORDANCE WITH THE APPLICATION SCHEDULE OUTLINED ABOVE. UNLESS THERE IS A SIGNIFICANT

CHANGE IN ANNUAL INCOME OR AVAILABLE ASSETS, PARENTS CAN NORMALLY EXPECT THE LEVEL OF ASSISTANCE TO

BE CONTINUED FROM YEAR TO YEAR IF THE STUDENT’S PERFORMANCE AT EPISCOPAL MEETS THE EXPECTATIONS OF THE

FINANCIAL AID COMMITTEE.

Financial AidTuition and Other Expenses

Payment PlansFrequently Asked Questions

1200 North Quaker LaneAlexandria, VA 22302

Telephone 703-933-4062Toll-free 877-933-4347

admissions@episcopalhighschool.org

EXPENSES TO ANTICIPATE

The Comprehensive Fee for the 2013-14 school year is $47,850. This amount includes tuition, room and board, basic health center expenses, and the cost of most school-sponsored academic, athletic, and recreational activities. The fee for the 2014-15 school year is determined in January of 2014.

The Annual Network Services Fee of $250 covers the availability of high-speed transmission lines in classrooms, the computer lab, and dormitory rooms.

Personal Expenses associated with attending Episcopal vary from student to student. The following provides an estimate of the major items:• Laptop computer – a one-time expense of

about $2,000 (purchased through Episcopal’s designated vendor)

• Textbooks and academic materials – $700 annually

• Private music instruction – $1,200 - $1,600 annually

• Varsity athletic team trips/camps – $500 - $1,000 annually

• Monthly allowance – about $200 monthly for laundry, local transportation, and entertainment

• Other expenses – clothing, travel to and from Alexandria, and family weekends are other items for consideration

PAYMENT SCHEDULE

An Enrollment Deposit of $4,750 is required when a student enrolls for the year. This amount is credited to the first comprehensive fee installment.

A Contingency Deposit of $600 is required of all new students. This amount is refunded or credited when a student graduates or leaves.

The Comprehensive Fee is payable in either two or eight installments. You will be asked to select your preferred payment plan when you return your enrollment contract.

Two-Installment Plan Due on July 25 ..................................$35,888 Due on Nov. 25 .................................$11,962

Eight-Installment Plan* Due on July 25 ..................................$14,355 Due by the 25th of each month, August through February ............$ 4,785

*Participation in the eight-month installment plan

incurs an additional one-time fee of $100.

Episcopal High School seeks applications from talented and motivated students, regardless of family financial resources. To make the School affordable to more families, Episcopal provides several financial options. The School’s financial aid program helps close the gap between the cost of attending and a family’s ability to pay, as determined by needs methodology used by the School and Student Services for Financial Aid (SSS). Awards to qualified students are made in the form of grants and are based upon a demonstration of financial need, coupled with a student’s individual merit. In addition to financial aid, two payment schedules are available to accommodate family budgeting and planning needs.

This brochure provides an overview of expenses to anticipate and funding options available at Episcopal. If you have any questions about the financial aid program or funding options, please call 703-933-4017 or send an email to vsh@episcopalhighschool.org.

VINCENT S. HODGE ’89

FINANCIAL AID DIRECTOR

FINANCIAL ASSISTANCE

While the School subscribes to the belief of the National Association of Independent Schools (NAIS) that the primary responsibility for funding the cost of education resides with the family, we also understand that it is becoming increasingly difficult for a large percentage of families to afford independent school tuition. Episcopal urges talented and motivated students to apply for admission, even if there is concern over the ability to pay tuition, and encourages parents to request application forms and apply for financial assistance. In 2013-14, approximately 30 percent of the student body will receive financial assistance. Approximately $5 million in aid is awarded annually, with the average grant equaling about $35,750. The Financial Aid Committee keeps all financial information confidential. Financial aid is available to students of any race, color, gender, creed, sexual orientation, or national or ethnic origin.

APPLYING FOR ASSISTANCE

Episcopal works with the School and Student Services for Financial Aid (SSS). This organi-zation provides Episcopal with a confidential statement of need based upon an application for financial aid completed by the parents called the Parents’ Financial Statement (PFS). The PFS is available online (http://sss.nais.org). The deadlines for submitting the PFS and supporting materials to the SSS are listed below. Timeliness in meeting these deadlines is critical for consideration to receive financial aid.

By Jan. 31. PFS must be completed. First-time applicants also must submit additional docu-mentation, including:

• IRS Form 1040 for 2012• All IRS Schedules for 2012 (if applicable)• W-2 and/or 1099 forms for 2012• Corporate returns and/or K-1s for 2012

(if applicable)

TO ASSIST PARENTS WITH BUDGETING, EPISCOPAL PROVIDES INFORMATION ABOUT AN INDEPENDENT LOAN SERVICE AT

THE TIME OF ENROLLMENT. PARENTS MAY ALSO WISH TO PARTICIPATE IN THE TUITION REFUND PLAN, WHICH INSURES

PAYMENT OF THE COMPREHENSIVE FEE SHOULD THE STUDENT NEED TO WITHDRAW FROM EPISCOPAL FOR ANY REASON

DURING THE YEAR. THE DEPOSIT FEES AND THE INSTALLMENTS FOR THOSE STUDENTS RECEIVING FINANCIAL ASSISTANCE

ARE ADJUSTED ACCORDINGLY.