The Winston School Financial Aid Guidelines
The Board of Trustees has adopted the policy of funding most of the school’s annual operating expenses with tuition dollars. While recognizing that some sacrifice is appropriate for something as crucial as children’s education, the Board acknowledges that financial assistance is necessary to build and maintain the socioeconomic diversity of our student body.
It is also important that the family assumes primary responsibility for financing a student’s education. Families must consider all of their personal resources before applying to the school for funds. Both parents are expected to contribute to tuition. If a parent of school-age children chooses not to work, The Winston School imputes an annual income of $15,000 for a non-working parent.
In the case of divorced or separated parents/guardians, the school considers the assets of both natural parents/guardians, if living, before making any award.Therefore both sets of parents/guardians must submit all financial aid forms. The school cannot be bound by the assertion that one parent/guardian has disclaimed responsibility for educational expenses. If either the custodial or the non-custodial parent/guardian has remarried, we consider the assets of the stepparent, always bearing in mind the obligation of that stepparent to his own natural children.
The request for financial aid for new students is a separate process from the admission process and does not affect one’s application for admission. Financial aid is awarded annually and is need-based, with preference given to returning students. Parents/guardians are required to fill out a new F.A.S.T. application each year.
In order for us to allocate our resources wisely and fairly, we have enlisted the help of Independent School Management’s F.A.S.T. (Financial Aid for School Tuition) program. ISM’s F.A.S.T. does not decide whether financial assistance will be given or how much to give; rather F.A.S.T. provides a need-based financial aid analysis service. F.A.S.T. provides the school with a report, which includes a recommendation of what a family should reasonably contribute toward tuition. All information from F.A.S.T. is kept confidential. Applications are reviewed by the confidential Financial Aid Committee and the committee recommends the allocation of financial aid to the families. These offers of aid are then sent to families.
Financial Aid Procedures
Procedures For Parents:
1. Click here to begin the application process. A fee of $45.00 is required to process this application. The application process is self-guided. You may navigate in and out of the program allowing you to partially complete an application and return at another time. Should you have any questions F.A.S.T. has a 24/7/365 helpline available to you, which can be reached by calling 1-877-326-F.A.S.T. (3278).
2. The $45.00 application fee can be paid by credit card (Visa, MasterCard or American Express) at the end of the session. If you do not have a credit card, please call Mario Porro in the Business Office at 214-691-6950 for assistance.
3. After completing the online application you will be required to mail or scan and upload your tax documents (Federal taxes including all schedules and W-2’s) to the following address for verification purposes:
Independent School Management
Attention: F.A.S.T. Processing Center
1316 North Union Street
Wilmington DE 19806-2594
It is important to include The Winston School’s name on the outside of the envelope to ensure quicker processing of your application. Pre-addressed envelopes are available in the Admissions Office for your convenience.
4. Your tax return must follow the submission, and be postmarked by no later than two weeks after your application has been submitted. Because financial aid funds are limited and demand is high, late filing of materials may result in non-renewal of a financial aid grant.
The goal is to have the award determination letter issued within one week after the school’s receipt of the F.A.S.T. report. While no financial aid procedure can be entirely equitable – there are simply too many individual factors and extenuating circumstances – this new process that has been selected should serve The Winston School community well. Among its many features will be the ability to further secure your financial data, and maintain the high degree of confidentiality that past recipients most appreciated.
FOR A COMPLETE COPY OF THE WINSTON SCHOOL’S FINANCIAL AID POLICY PLEASE CLICK HERE.
Other Financial Aid Resources
Tuition Loan Program
Springstone Financial LLC
2 Park Central Drive Suite 1
Southborough, MA 01772