FINANCIAL ASSISTANCE - SCHOLARSHIPS
Purpose and General Conditions
EFGS is glad to offer need-based scholarship options
- Our goal is to make our programs accessible to all families, as costs and inequalities keep increasing.
- Financial aid is granted based on the family’s financial need and at the discretion of the EFGS Scholarship Committee.
- Admission and tuition assistance decisions are made independently.
- The amount given is a percentage of the tuition fee, generally capped at max 50% of tuition.
- Financial aid does not apply to the deposit (unless an exception has been granted)
Process
- Financial aid is granted by evaluating information submitted by the family through our independent provider FAST (an online service of the Independent School Management Association). It is essential to provide accurate, current information on your income and assets. FAST calculates the demonstrated need amount for each family based on gross income, nontaxable income, assets, liabilities, family size, and the number of children in tuition-paying schools below the college level, among other factors. Using FAST ensures confidentiality and equal consideration to all applicants.
- The EFGS Scholarship Committee determines awards based on the FAST demonstrated need information together with the amount of financial aid available and the number of families applying for aid in a given year.
- Information submitted by the family is kept confidential by the EFGS Scholarship Committee and is not disclosed to outside parties. Any documents provided to support the scholarship application may be returned to the family upon request to the Scholarship Committee.
How to apply?
- The application is entirely online, through our school's FAST account.
- Each year, financial aid applications are due June 30, but is is advisable to begin the FAST application as early as possible (at least to see what kind of documentation is needed)
- Acceptance letters are sent out no later than July 31.
What kind of information is required to apply?
All adults in the custodial household will be asked to provide documentation including but not limited to:
What if Parents are divorced?
NSFS considers both parents or partners responsible for the educational expenses of their child(ren), regardless of marital status or the existence of legal documents stating otherwise. Therefore, separated or divorced partners must both complete tuition assistance applications.
All adults in the custodial household will be asked to provide documentation including but not limited to:
- complete tax return for the most recent year
- mortgage statement or rental agreement
- child support documentation (if applicable)
- W2 and/or 1099 for all jobs worked, and/or Social Security, unemployment or disability stubs if you are a recipient
- IRS form 4506T (Request for Transcript of Tax Form) (available on the FAST website)
- current credit report (NEW applicants only; available at no charge at www.annualcreditreport.com)
What if Parents are divorced?
NSFS considers both parents or partners responsible for the educational expenses of their child(ren), regardless of marital status or the existence of legal documents stating otherwise. Therefore, separated or divorced partners must both complete tuition assistance applications.