ADMISSION

Financial Aid

Presbyterian Day School believes that there is no greater investment a family can make than in a child’s education. We know that many PDS families choose to realign their lifestyles in order to put their son's educational needs first.

Approximately $1.1 million dollars was given in aid for 2016-2017

To enroll a strong, diverse student body we provide Financial Aid to families who demonstrate a need. PDS encourages families with limited resources to apply for assistance based upon the presumption that the primary obligation for financing a student's education rests with the family. Every family must contribute to their son's tuition. Full scholarships are not offered.

PDS has a need-based Financial Aid policy grounded in the belief that no qualified student should be denied enrollment due to financial restraints. In light of these commitments, we earmark a significant amount of funds each year for Financial Aid. PDS does not discriminate on the basis of race, national, or ethnic origin. 

Recipients of Financial Aid are expected to abide by the same academic and conduct standards of all other PDS students. To remain eligible for Financial Aid, students must continue to demonstrate financial need and must continue to maintain good standing in both academics and conduct. Positive and constructive relationships between parents and the school must also exist throughout the year. Families must apply yearly for Financial Aid.

20% of our student body receives financial aid

Applying for Financial Aid does not affect one’s chances for admission; applicants are accepted without regard to a family’s financial situation.

In order to determine a family’s eligibility to receive assistance in a fair and equitable manner, PDS requires that all applicants for Financial Aid complete the online Parents’ Financial Statement (PFS) at sss.nais.org/parents and provide SSS all required documentation.

Policies

Financial Aid applicants will submit all documentation to School and Student Service by NAIS (SSS). This includes the Parents’ Financial Statement (PFS) and all required tax forms. The 2015 1040’s with all schedules, W-2’s, and pay stubs for September and October 2016 are due with the PFS on November 30, 2016, and 2016 1040’s with all schedules and W-2’s are due on April 15, 2017. Financial Aid awards are not final until the PFS is verified with the 2016 documentation.

Divorced/Separated /Remarried/Never Been Married Parents

  1. For parents who are separated or divorced, both parents are required to submit a separate but linked Parent Financial Statement (PFS) form online at sss.nais.org/parents.  Both parents are also required to upload to School and Student Service by NAIS (SSS) current 1040’s with all schedules, copies of September and October 2016 pay stubs, and W-2’s.
  2. PDS is not bound by the assertion, if it is made, that one parent is not responsible for educational expenses nor is it bound by court orders or divorce decrees. PDS considers every parent responsible for his or her son’s development and educational success, regardless of custodial or marital status.
  3. If the non-custodial parent refuses to submit the necessary information, the application for Financial Aid may not be processed.
  4. If the custodial parent has not heard from the non-custodial parent, and the non-custodial parent is in no way involved in the upbringing of the applicant, the requirement of these forms may be waived by the Director of Enrollment Management and Financial Aid.  A letter of verification from a disinterested party (minister, attorney, etc.) may be required.
  5. A copy of the divorce decree may be required.
  6. In addition, PDS may request additional information from all parties and reserves the right to review on a case-by-case basis.
  7. For parents who have never been married, if both parents are actively involved in the upbringing of the applicant, both are required to submit a PFS online and required documentation (current 1040‘s with all schedules, W-2’s, and September and October 2016 pay stubs) to SSS. 

Families Who Own a Business and/or Farm

All parents who own a business and/or farm may be required to furnish information relevant to the business to substantiate need, such as balance sheets and cash flow statements.

Parents Who Do Not Work

PDS presumes that all adult family members will work to contribute to the investment of the child’s education. To that end, when the mother or father chooses not to work and there are no preschool children at home, or is a full or part time student, PDS will impute an annual income for the non-working parent.

Exceptions will be made if the parents are caring for a disabled child, parent, or grandparent, or critically ill child, parent, or grandparent. Consideration will also be given for the parent that is home-schooling children.

Financial Aid Waiting List

Ever year applicants for Financial Aid typically demonstrate more need than there are funds available. Therefore, it necessitates the creation of a Financial Aid waiting list. The school will allocate awards to those on the waiting list if the funds become available.

Delinquent Tuition Payments

In order to qualify for Financial Aid for the next school year a family must be current with the business office. In the event that a family is not current under their payment plan by March 1, a Financial Aid award may not be awarded for the next school year.

Application Timeline

DateWhat
October 24, 2016 Website (www.nais.org/parents) open for parents to submit PFS and documentation online for the 2017–2018 school year.
November 30, 2016 Deadline for families to complete the Parents’ Financial Statement (PFS) online through School and Student Service by NAIS (SSS) and for submitting 2015 income tax return with all schedules and 2015 W–2’s if they have not already been submitted. Also, pay stubs for September and October 2016 are due to SSS at this time.
Mid-Late January 2017 Financial Aid awards are allocated to current families Who have provided all forms and documentation to SSS.
Mid February 2017 Financial Aid awards are allocated to new students whose families have provided all forms and documentation to SSS.
April 15, 2017 Deadline for all applicants to submit 2016 W–2’s and income tax returns with all schedules to SSS.

Those applying for Financial Aid after the November 30 deadline will be considered only if all paperwork is received and processed before awards are made in January and February. Depending on funds available, those applying after the initial awards are made in January and February may be put on a waiting list for awards. 

Financial Aid Awards

  • The Financial Aid award is a grant based on demonstrated need as determined by the needs analysis system of SSS (School and Student Service by NAIS). Grants have no repayment requirements.
  • Financial Aid grants are funded through resources of Presbyterian Day School.
  • Financial need is determined by taking into account many factors, including income, expenses, assets, and liabilities of the student and the parents, as well as the number of children attending tuition-charging schools. College funds and student trust funds are considered assets. Ultimately the formula seeks to determine a family’s discretionary income—the income over which  a family has choice as to how it is spent.
  • If requesting financial assistance, a family should invest in their son’s education before elective expenses such as secondary home ownership, club memberships, and expensive automobile leases/purchases. The Financial Aid Committee does not consider these and other elective expenses when determining eligibility for assistance.
  • The award for each family is based on the demonstrated need, number of families applying for tuition assistance, and the funds available. Typically awards are a percentage of the demonstrated need.
  • Awards are considered final only when all required information is received by SSS, and the Director of Enrollment Management and Financial Aid receives the signed Financial Aid Agreement.
  • All financial information submitted by parents is held in strictest confidence by the Financial Aid Committee.
  • All awards are confidential agreements between the recipient family and the school; therefore, we respectfully request that families receiving awards not share this information with other parties.
  • PDS reserves the right to amend awards if new information comes to light.

 

For more information about financing a PDS education, contact Jan Conder, Director of Enrollment Management and Financial Aid at 901-842-4618 or jconder@pdsmemphis.org.

AdmissionStaff

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