Financial Aid Policy & FAQ
About Financial Aid at Inly School
Inly would like to ensure that any student offered admission has a realistic chance to enroll, regardless of their financial circumstances. While we believe that a student’s family has the primary responsibility for financing education, families who demonstrate that their financial resources are insufficient to pay the full cost of tuition are eligible to apply for financial assistance. However, due to limited resources, not all financial assistance requests can always be funded.
How Is Need for Financial Assistance Determined?
Financial assistance is granted based on applicants’ need, total available funds, and the number of applicants. Both new and returning families must apply for any given year; all applications are processed through School and Student Services for Financial Aid (SSS). Priority is given to existing families already receiving need-based financial assistance, and to returning families newly applying for assistance. An effort is made to retain some amount of assistance for new applicants to Inly School.
Financial Aid Wait Pool
Financial aid funds are limited. Applicants whose needs cannot be met will be placed in a wait pool. If funds become available at a later time (as funds are released from families on financial aid who leave the School or who do not qualify for continued assistance), they will be granted to applicants who qualify. The Financial Aid Committee will decide on grants as funds become available.
Frequently Asked Questions
Who is SSS?
School and Student Services for Financial Aid is a service of the National Association of Independent Schools and is used by more than 2,000 K-12 schools and other organizations across the country to help assess a family’s ability to pay school costs.
How is a financial assistance award determined?
The amount of financial assistance offered depends on your financial circumstances and the SSS estimated family contribution. The family contribution is based on family size, total income, savings, investments, other assets such as home equity, indebtedness, and any unusual expenses. The amount of financial assistance offered depends on your financial circumstances and the SSS estimated family contribution. The family contribution is based on family size, total income, savings, investments, other assets such as home equity, indebtedness, and any unusual expenses.
Does everyone who applies for financial assistance receive funding?
Financial assistance grants are made based on applicants’ need, total available funds, and the number of applicants. Priority is given to existing families already receiving need-based financial assistance, and to returning families newly applying for assistance. An effort is made to retain some amount of assistance for new applicants to Inly School. In all cases, priority is given to those families with students in grades K–8, however, there is limited aid available for younger students.
What steps does Inly School take to ensure confidentiality in the financial assistance process?
All applicants remain anonymous in the committee review process and specific families receiving financial assistance are known only by the Business Office.
Who sits on the financial assistance committee?
This committee includes the Head of School, Business Manager, Director of Admissions and a member of the Finance Committee of the Board of Trustees.
Financial Aid Downloads
Why Apply Online for Financial Aid
How to Apply for Financial Aid at Inly School 2012-13
SSS Family Guide to Financial Aid 2012-2013
Parents’ Financial Statement Cover Letter 2012-2013
Parents’ Financial Statement Instruction Booklet 2012-2013
Guía Familiar para Asistencia Financiera
More Questions?
Please contact the Inly School Business Manager at businessmgr@inlyschool.org or 781-545-5544 x115 with any other questions and/or to receive the SSS application forms. Fee waivers are available for applicants meeting certain qualifications.
