On or before January 15

• Completed Parents Financial Statement (PFS) online to SSS. (Code: 3364)
• 2019 and 2020 W-2’s (if applicable).
• 2019 and 2020 tax returns and all supporting schedules.
• If self-employed, please submit a Schedule C.
• If income is in the form of rental income, royalties, or is income reported on a K1 from a Partnership or S Corporation, please submit a Schedule E and respective K1’s.
• 2019 and 2020 S-Corp or Partnership returns (if applicable) 1065 and/or 1120S.
• Divorced or separated parents may submit either a combined PFS or file separately. George School considers all resources available to students, so we require information from all parents/guardians and stepparents regardless of divorce, separation, or marital status.

Deadlines

• By January 15: All financial aid applicants must submit a PFS and all required financial documentation to SSS. All other required financial documentation not available on January 15 must be submitted as soon as it becomes available.

March 10: Decision Notification for New Families

• If all required documents are submitted by the deadlines, then you will receive notification of your financial aid status with your admission decision notification on March 10.

April 1: Decision Notification for Returning Families

• If all required documents are submitted by the deadlines, then you will receive notification of your financial aid status by email on April 1.

If you do not file taxes in the United States or your primary source of income is not in US Dollars (USD), you still must fill out the Parents’ Financial Statement (PFS). In addition, you must download and submit the International Student Financial Aid Profile form. Along with the International Student Financial Aid Profile form, please upload tax returns from your country, proof of income from your employer, and copies of bank statements for all bank accounts (checking, savings, money market, and other investment accounts). Please note: financial aid for international students traditionally does not exceed 50% of the cost of tuition.

On or before January 15

• Completed International Student Financial Aid Profile.
• Completed Parents’ Financial Statement (PFS) – Parents Financial Statement (PFS) online to SSS.
• 2019 and 2020 tax forms from your country, proof of income, and bank statements.

The School and Student Service for Financial Aid (SSS) processes each submitted Parent Financial Statement (PFS) and provides an analysis of a family’s finances. In its analysis, SSS suggests a portion of discretionary income that a family can contribute towards the cost of a child’s education. The George School Financial Aid Committee considers the recommendation of SSS in combination with income/earnings statements, IRS 1040 forms, and any other submitted financial documentation.

The family contribution determined by SSS is a starting point for the Financial Aid Committee. After considering any extenuating circumstances, together with George School’s financial aid policies, the committee makes a final award decision. Financial aid awards are confirmed and credited to accounts only after we have received the family’s submitted, signed copy of all required Federal Tax Forms with all schedules, statements, and W-2 forms (not an estimated form). If your family applied for a filing extension, please notify the Financial Aid Committee.

If you think you need financial aid, you should apply. Admission applications are read without regard for a family’s ability to pay. Only in the final phase is the selection process “need aware” as the Admission Committee weighs its decision against available financial funds. It is possible that a student may be admitted and then the family either does not qualify for aid or is placed on the financial aid waiting list.

George School awards financial aid in the form of a grant that does not need to be repaid. While George School does not offer any educational loans, additional information on financing resources, including educational loan programs, can be found via the School and Student Services (SSS) website.

Financial Aid Grant – The Financial Aid Committee has determined that your family qualifies for financial aid and is offering a financial aid grant.

Financial Aid Waiting List – Your family qualifies for financial aid as determined by the financial aid process, however, George School does not have enough funds to meet your demonstrated need.

Does Not Qualify – Your family does not qualify for financial aid as determined by the financial aid process.

Families are required to complete the financial aid process each year they are requesting aid and the Financial Aid Committee makes a new assessment each year. Generally, if your family’s financial situation remains consistent and you meet all of the deadlines, you can expect to receive a similar level of financial aid in future years.

Each year George School distributes approximately $11 million in financial aid to roughly 50 percent of the student body. The average financial aid grant is approximately $34,000.

The average day student financial aid grant is nearly $22,000, but ranges from $1,000 to full tuition. Incomes of day student families who qualify for aid range from less than $20,000 to more than $150,000.

The average boarding student financial aid grant is about $47,000, but ranges from $5,000 to full tuition. Incomes of boarding student families who qualify for aid range from less than $20,000 to more than $200,000.

Parents often ask, “What is the cut-off point for my income?” There isn’t one. If you think the cost to send your child to George School exceeds your ability to pay the tuition, then you should apply for financial aid. Every family has varying circumstances that affect their ability to pay for private education. These factors include family size, number of children attending tuition-charging schools, lifestyle choices, living expenses, assets, and debts.

George School expects that separated or divorced parents will contribute to the cost of their child’s education regardless of whether or not there is a legal obligation for them to do so. The financial aid process considers all resources that might be available to the student. If either parent remarries, the Financial Aid Committee will take into consideration the obligation of that parent to his/her new family and the resources of the stepparent, given the obligation of the stepparent to his/her own children. Therefore, both parent and stepparent must submit financial information to our office.

In the event that a parent is absent from the student’s life, we require the custodial parent to submit a non-custodial parent waiver form that will remain on file.

Some community, religious, and not-for-profit organizations offer scholarships. Applicants who are Quakers should seek additional funds from their monthly and yearly meetings. Prospective boarding students who show high achievements in academics and community activities are considered for one of four $15,000 Anderson Scholarships.

Contact the Financial Aid Committee to notify them of changes in your family’s financial picture. Please send an explanation and documentation to: Financial Aid Committee, George School, PMB 4460, 1690 Newtown Langhorne Road, Newtown, PA 18940-2414.

All materials are kept confidential and are reviewed only by members of the George School Financial Aid Committee. We will not release any documents you submit without your written permission.

Please feel free to call the financial aid coordinator at 215.579.6546 or director of financial aid at 215.579.6550 with questions or concerns regarding the financial aid process.

To check receipt of financial aid items or for questions about the Parent Financial Statement, please call SSS at 800.344.8328 (Monday through Friday from 9:00 a.m. to 8:00 p.m. EST and Saturday from 9:00 a.m. to 4:00 p.m. EST).