AFFORDABILITYWe understand that choosing an independent school education is an investment of both time and resources. Park Day's robust financial aid program ensures that the school enrolls a socio-economically diverse community of families. A family's financial need is determined by an evaluation of their financial aid application and supporting documents. Grants range from 10% to 95%, with an average grant of 55% this year. Full tuition for the 2018-19 school year is $25,790 for K-5, and $28,000 for Middle School. 35% of Park Day families receive financial aid.Click here to apply for Financial Aid by the January 18, 2019 deadline using the Park Day SSS code: 5669. We use School and Student Services by the National Association of Independent Schools (SSS by NAIS) for evaluation of a family's financial need. We rely on the guidelines and methodology used by SSS as well as our understanding of individual circumstances and our capacity to meet financial need. Please contact 800-344-8328 or firstname.lastname@example.org for questions about completing the financial aid application. All other questions, contact email@example.com or 510-653-0317 x101.
2019-20 Application for Financial Assistance Deadlines
- December 3, 2018: Returning families submit SSS application and upload requred documentation (including W2s and 1040 from previous year. Also, most recent paystubs and Supplemental Park Day Questionnaire)
- January 18, 2019: First time applicants submit SSS application and upload required documentation (including 2017 W2s and 2017 taxes- 1040 form. Also, most recent paystubs and Supplemental Park Day Questionnaire)
- February 15, 2019: First time applicants upload 2018 W2s to SSS
- May 1, 2019: All families upload 2018 IRS Form 1040 and supporting documentation to SSS
Financial Assistance FAQ's
Q. I understand that Park Day School uses SSS from NAIS to collect and process Financial Assistance applications. What key information do I need to apply?Review the SSS overview carefully to learn more about information needed on the financial assistance application. Begin your Parents’ Financial Statement at http://sssbynais.org/parents. Park Day School’s code is 5669.
Q. What factors are considered in determining the amount of assistance?
All Park Day School financial assistance is based on demonstrated need. Park Day does not give scholarships for special talents nor academic merit. Although annual income is a significant consideration in the calculation of aid, many other factors figure in the decision-making process, including the number of children attending tuition charging schools, other family dependents, assets and net worth, and unusual expenses.
Q. Where can I learn more about how SSS works and how to complete my application?
School & Student Services by NAIS (SSS) has a comprehensive website with excellent resources for parents. We encourage all financial assistance applicants to visit sssbynais.org/parents/learn before beginning your application.
Q. Who is eligible to apply for financial assistance?
All current and prospective Park Day School families may apply for financial assistance, regardless of their grade level or current financial assistance status.
Q. Does applying for financial assistance impact our admissions decision?No. Financial assistance is assessed separately from admissions decisions. Once admission decisions have been made the Financial Assistance Committee assesses financial need of those being offered enrollment.
Q. Do I have to reapply for financial assistance each year?Yes. Awards are given for one academic year. Because a family’s financial circumstances may change over time, we require all assistance recipients to reapply each year. A family whose financial situation remains relatively unchanged can generally expect the same percentage of their tuition to be covered by financial assistance from year-to-year. For current Park Day School families, all future financial assistance awards are contingent upon payment of the prior year’s account.
Q. If I did not apply or did not qualify for financial assistance, can I pay full tuition for a year and then reapply for financial assistance?
When a family accepts a contract for full tuition to attend Park Day School, this communicates that the family will be capable of covering all educational costs for the upcoming year and the foreseeable future. The school budgets accordingly and commits its limited financial aid funds to other families. Although Park Day maintains modest emergency funds for families that request aid subsequent to admission, those funds are strictly reserved for families that encounter significant financial reversals after matriculation.
Q. Is my information kept confidential?Financial assistance applications are only reviewed by the Financial Assistance Committee. The school safeguards the confidentiality of financial assistance applications, records, and decisions while respecting the right of each family to discuss its own financial assistance outcomes in an appropriate manner.
Q. When will I receive a decision regarding financial assistance?
For new students, financial assistance decisions are mailed with admission decisions in March. Current Park Day families receive financial assistance awards for the following year with their enrollment contracts.
Q. Does financial assistance cover non-tuition school fees and other expenses?Tuition covers most school expenses including morning care, nearly all field trips, books and supplies. We offer financial assistance to qualifying families for the After School Activities Program (ASAP) and for sports fees.
- Families receiving financial assistance allocations that cover between 40% and 49% of tuition are eligible for 10% financial assistance support for elective sports and ASAP.
- Families receiving financial assistance allocations that cover between 50% and 59% of tuition are eligible for 20% financial assistance support for elective sports and ASAP.
- Families receiving financial assistance allocations that cover between 60% and 74% of tuition are eligible for 30% financial assistance support for elective sports and ASAP.
- Families receiving financial assistance allocations that cover 75% or more of tuition are eligible for 40% financial assistance support for elective sports and ASAP.
Families that receive 39% or less of financial assistance allocations are not eligible for additional financial assistance with regard to extra-curricular fee-based programs and expenses.
Q. After I have submitted my Parents’ Financial Statement, how do I upload the other documents that Park Day School requires?
Q. Are there any non-school organizations that can help with financial assistance?
Unfortunately, most financial assistance comes directly from school’s budgets. There are a few Bay Area organizations that may offer small amounts of tuition support.The Guardsmen Scholarship Fund(415) 856-0939The Independent Scholarship Fund(510) 632-1366 x144The BASIC Fund(415) 986-5650
Q. What information will the Financial Assistance Committee need to determine an award if I am no longer living with my child's other parent?
To promote a fair and equitable process, each parent is required to submit a separate and complete financial assistance application when the parents maintain separate households. If the student’s parents do not live together, whether separated, divorced, or never married, each should complete a Parents’ Financial Statement (PFS) that is reflective of his or her own household and financial picture.
If one parents has remarried, the stepparent information should be included in the PFS as well, since the stepparent is a contributing member to supporting the household’s needs. Park Day School determines the ability to pay that each household exhibits and makes an award determination based on the combined determination.
Q. What if my child’s non-custodial parent is not willing to complete a financial assistance application?
If the non-custodial parent has little or no contact with their child for a significant period of time, and provides no financial support, the requirement may be waived. In such cases, the school requires a written statement about the parent’s absence from a non-family member (such as a family lawyer, clergyperson, social worker, or school official) who is aware of the family situation.
If the non-custodial parent is providing financial support and/or is in contact with their child, Park Day School requires their participation in the financial assistance process. Financial assistance is determined by parents’ ability to pay, not by their willingness.
Q. I’m a stay-at-home parent and do not work outside the home. Will my family still be considered for financial assistance?
In order for the school to treat families with stay-at-home parents equitably compared to families in which all parents work outside the home, Park Day School attributes a small income for stay-at-home parents to the financial assistance calculations.
Exceptions to this policy may occur if a parent is caring for a child not yet of school age, a child with a disability, a seriously ill child, parent, or grandparent or if a parent is disabled and cannot work. Please inform the Financial Assistance Committee in writing of these circumstances at the time of your initial application.
Q. What more can you tell me about Financial Assistance at Park Day School?
Park Day School relies on the School and Student Services by NAIS (SSS), supporting documents, and our financial assistance policies to determine each applicant’s demonstrated financial need. Many factors are considered when determining a grant amount, including income, assets, liabilities, family size, tuition obligations, and more. While Park Day School has a generous financial assistance program, each year we receive requests in excess of available funds. Financial assistance awards do not need to be repaid. Funding for the financial assistance program is 100% school-based; Park Day School receives no government funding.
Q. I still have questions about financial assistance. Whom should I contact?
Please contact (800) 344-8328 or firstname.lastname@example.org for any questions about completing the financial aid application (your PFS), or uploading documents. If you have any questions related to process, policies, or admissions, please contact email@example.com or 510-653-0317 x101.