Eton School (the School) is proud to offer financial assistance to its returning families and families who have applied for admission. The amount of each award is determined by the current available funds, the number of families applying for assistance and the demonstrated need of each family. A family’s financial need is determined by the calculations provided by the services of Financial Aid for School Tuition (FAST). All financial aid information is held in strict confidence by the School.
It is the goal of the School to provide a consistent message to parents, students, faculty, board members and administration regarding financial aid. As such, the School endorses the NAIS Principles of Good Practice for Financial Aid Administration as outlined in Appendix A, which is available upon request.
It is the policy of the School that no person shall be subjected to discrimination because of race, color, national origin, gender, gender identity, sexual orientation, age, religion, marital status, or the presence of any physical, mental or sensory disability.
Financial Aid Committee
The Financial Aid Committee consists of the Head of School, Admission Director, and the Chief Business Officer. In addition, the Head of School at his/her discretion may appoint other committee members.
Financial Aid Timeline
- Parents complete the online application using FAST. Eligible employees will follow the same procedures as other parents. There is no tuition remission program offered. The statements are reviewed on a first-come, first-served basis after the priority deadline (late January to early February).
- Financial aid applications will not be considered if there is a past due balance on the current year’s tuition.
- Parents submit the following required documents directly to FAST (not to the School) by the priority deadline:
- Previous Year and Current Year* Personal Tax Returns, including all schedules
- Previous Year and Current Year * W-2 forms
- Previous Year and Current Year * Business Tax Returns, including all schedules
- IRS Form 4506-T*
- FAST generates a computerized Report of the Recommended Award towards the School’s tuition.
- The School’s Financial Aid Committee reviews each report and decides on a financial aid award.
- Parents of returning students are notified of financial aid awards prior to re-enrollment applications are sent out. Parents of new students are notified when they are accepted.
*Submit Current Tax Forms no later than April 30. The committee may make a decision based on your previous year tax return documentation. The School reserves the right to request additional information or documentation to verify and/or further clarify a family’s financial profile. Financial aid grants are based on information provided by the family in the financial aid application. If it is determined that false, inaccurate, or incomplete information was provided by the family, the School reserves the right to immediately modify the amount of the financial aid grant. A signed IRS Form 4506-T must be provided to the School by any family applying for Financial Aid. This form
allows the School to request the family’s final tax returns.
The evaluation and financial award process takes into consideration a number of factors. The following general guidelines are used by the committee:
- The awards are based on financial need. The ability to pay tuition is assessed from the financial data supplied on the application forms, and any descriptive comments or special situations that are expressed by the applicant.
- Subjective factors are also taken into consideration (e.g. unusual situations and net tuition provided to the school).
- All submitted data and the resulting awards are kept confidential.
Separated and Divorced Parents
Financial Aid at the School is determined by a family’s ability to meet educational expenses; it is based on need, not on a willingness or unwillingness to pay. It is the position of the School that divorced and separated parents retain the obligation to contribute to the education of their children whether or not there is legal agreement between them to do so. The Financial Aid Committee considers the assets of both parents, if living, before making any award, and cannot be held by the assertion that one parent has disclaimed responsibility for educational expenses. If either parent has remarried, we consider also the assets of the stepparent, always bearing in mind the obligation of that stepparent to his or her own children.
The committee may waive the requirement of financial information from the non-custodial parent and his or her spouse when the non-custodial parent’s whereabouts are unknown or when the non-custodial parent has given no financial support to the student for more than two years and has made no contact with him or her during this time.