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Financial Aid

At Seven Hills, we’re dedicated to making an independent school education a realistic possibility for as many families as we can. From need-based to merit-based tuition assistance, we try to accommodate families from every walk of life.

How to Apply for Financial Aid

The financial aid application is separate from the admission application, but you should complete the two concurrently. Families who have received financial aid in prior years are required to submit the necessary information and documentation each year. The Financial Aid Committee relies on information supplied by families to School and Student Services (SSS), our need analysis provider. The methodology used to determine the parental contribution considers factors such as family size, income, expenses, assets, and priorities for sending. Please note all families who apply for tuition assistance for the 2019-2020 academic year are required to complete and submit the Parent Financial Statement (PFS). 

If you fail to meet a published deadline, you may lose your preferential status as a returning family and be placed in the wait pool for available aid. Families who submit late applications for assistance may receive reduced awards, or no awards at all, depending on the remaining budget at that time.

IMPORTANT FINANCIAL AID DATES AND DEADLINES

 
Early Decision Admission
Regular Decision Admission
Rolling Admission
Current Seven Hills Families
APPLYING TO
GRADES 
Prek-12
 
GRADES 
PREK-12
GRADES PREK-12
GRADES 
PREK-12
PFS filed online & IRS 1040 sent to Seven Hills no later than: Dec. 1, 2018 (copy of 2017 IRS 1040) Jan. 16, 2019 Should be submitted at the same time as the admission application

Anytime between Oct. 15, 2018 and Jan. 16, 2019 (1040 received by 
April 16, 2019)

Financial Aid Decision Jan. 9, 2019

No later than  March 1, 2019

At the same time as the admission decision No later than March 1, 2019

HOW TO APPLY

  1. Submit the online Parents’ Financial Statement (PFS) to School and Student Services (SSS), which processes the information and provides a need-based financial aid analysis service. SSS does not decide whether financial assistance will be given or how much to give. Rather, SSS provides the school with a report, which includes a recommendation indicating what a family should reasonably contribute toward tuition. All information from SSS is kept confidential. Regardless of the number of children for whom you are applying to Seven Hills, you need only complete one statement.
    • The SSS aid application process is self-guided. You may navigate in and out of the program, which allows you to partially complete an application and return to it at another time.
    • Please request a report be sent to Seven Hills (school code is 7270).
    • For questions, please call SSS at 800.344.8328. They are available Monday-Friday 9 a.m.-8 p.m. and Saturday 9 a.m.-4 p.m. EST. SSS also provides valuable tools to help families understand and navigate this process. For help, please refer to the links to Financial Aid Parent Resources at right side of this page.  Please review the information contained in these documents before completing your Parents’ Financial Statement (PFS).
    • After completing the online application, please upload the following documents to SSS:
    • 2019-20 New financial aid applicants only (does not apply to families who currently receive tuition assistance) – Submit copies of your 2017 and 2018 1040 tax form (first two pages)W-2s, and 1099s if applicable.
    • Copy of 2018 1040s, W-2s and 1099 forms no later than April 18, 2019 – new applicants and current recipients.
    • If you submit the PFS prior to receiving your 2018 W-2, please use a pay stub from late 2018 to estimate annual income. If your 2018 tax return cannot be completed by Jan. 16, the PFS must still be received by this date to insure preliminary consideration. 

    FINANCIAL AID PARENT RESOURCES:

  2. Important information  
    • Separate households: In the case of divorce, both households are required to submit a financial aid application and the required documentation. If either person re-marries, the new spouse will likely be expected to include his or her financial information as part of your application. If your situation is such that it would be impossible to get the cooperation of your ex-spouse in the financial aid process, please contact Seven Hills to get advice on how best to proceed. It’s important to be aware that most schools are unable to proceed with the the financial application process if an ex-spouse or stepparent is unwilling to support the child’s tuition. 
    • Necessary expenses vs. money spent for lifestyle choices: Parents requesting financial aid are required to complete a Parents’ Financial Statement (PFS) and aid awards are based on the standardized calculations derived by School & Student Services, using data from the PFS. The methodology used to determine the parental contribution considers many items including assets, liabilities, age of parents, family size, non-working parent, and the number of students in tuition-charging schools. As the Financial Aid Committee reviews financial aid applications, it differentiates between necessary expenses vs. money spent for lifestyle choices (e.g. club sports, financial support for extended family, travel, home improvements, credit card and debt repayment, private club memberships, luxury vehicles, second homes, etc.). Families choose to realign their lifestyle in order to put their child’s educational needs first. Beyond a certain point, the school will not provide aid to offset lifestyle expenditures that could have been directed to education. 
    • Additional financial support: Any financial support that may be available beyond the parents’ own income and assets should be reported on for consideration by the school. These include resources that might be expected from grandparents or other relatives, educational trusts, and any other external support. Our need-based process is designed to affirm what a family can pay with or without outside help.

Frequently Asked Questions

When parents ask if they’re eligible for financial aid, we offer this rule of thumb: When in doubt, apply. We strive to make the Seven Hills opportunity available to as many families as we can, and we currently extend tuition assistance to about 35% of our families.

Financial Aid FAQs