when should i start planning for applying for financial aid for academic year 2011-12?

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This presentation covers the process that families must follow to apply for financial assistance at Episcopal Collegiate School. When What How

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This presentation covers the process that families must follow to apply for financial assistance at Episcopal Collegiate School. When What How. When should I start planning for applying for financial aid for Academic Year 2011-12?. - PowerPoint PPT Presentation

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Page 1: When  should I start planning for applying for financial aid for Academic Year 2011-12?

This presentation covers the process that families must follow to apply for financial assistance at Episcopal Collegiate School.

When

What

How

Page 2: When  should I start planning for applying for financial aid for Academic Year 2011-12?

When should I start planning for applying for

financial aid for Academic Year 2011-12?

Page 3: When  should I start planning for applying for financial aid for Academic Year 2011-12?

• The SSS Parents’ Financial Statement online application is available beginning November 1, 2010 for financial aid applications for the 2011-12 school year.

• Episcopal requests that applications be completed by March 1.

• Missing deadlines could result in reduced aid or no aid, as Episcopal’s budget for financial aid is limited.

• Plan ahead: Complete your tax forms early, as they are necessary as supporting documentation.

When should I apply and submit my financial information?

Page 4: When  should I start planning for applying for financial aid for Academic Year 2011-12?

What else do I need to know?

Page 5: When  should I start planning for applying for financial aid for Academic Year 2011-12?

What else do I need to know?

• Read the financial aid information available on the Episcopal website.

• On the PFS, fill in all “critical” fields.• On the PFS, give estimates and use zeros when appropriate (do

not leave items blank).• Keep copies of all forms and documents.• Make sure both parents submit the PFS, even if they are

divorced or never married.• Parents that are remarried or have a domestic partner should

include all adults in the household on the PFS.

Page 6: When  should I start planning for applying for financial aid for Academic Year 2011-12?

Additional resources are available on theSSS Website for Families at sss.nais.org

Page 7: When  should I start planning for applying for financial aid for Academic Year 2011-12?

How do I apply for financial aid?

Page 8: When  should I start planning for applying for financial aid for Academic Year 2011-12?

How do I apply for financial aid?

• Submit the financial aid application by completing the Parents’ Financial Statement (PFS)

• PFS Online: sss.nais.org/parents- SSS will charge a $35 nonrefundable fee (Pay by credit card, direct debit/ach, PayPal)

• Paper PFS: Receive from the school, or download PFS at sss.nais.org/parents. Mail to SSS.- SSS will charge a $47 nonrefundable fee (Pay by check money order)

• Mail or upload the required supporting documentation directly to SSS.

Page 9: When  should I start planning for applying for financial aid for Academic Year 2011-12?

How do I complete the Parents’ Financial Statement

online at sss.nais.org/parents?

Page 10: When  should I start planning for applying for financial aid for Academic Year 2011-12?

Go online to sss.nais.org/parents.

Page 11: When  should I start planning for applying for financial aid for Academic Year 2011-12?

Click on “Start a New PFS”

Page 12: When  should I start planning for applying for financial aid for Academic Year 2011-12?

The PFS application will guide you through each section.

Page 13: When  should I start planning for applying for financial aid for Academic Year 2011-12?

Input 2010 actual and 2011 estimated income.

Page 14: When  should I start planning for applying for financial aid for Academic Year 2011-12?

Input assets and debts.

Page 15: When  should I start planning for applying for financial aid for Academic Year 2011-12?

You will be asked what you think you can afford to contribute. Be honest.

Page 16: When  should I start planning for applying for financial aid for Academic Year 2011-12?

There will be an opportunity to explain situations not covered by the financial data. Tell your story.

Page 17: When  should I start planning for applying for financial aid for Academic Year 2011-12?

After submitting your PFS, submit (by mail or upload) the required

supporting documents.

Page 18: When  should I start planning for applying for financial aid for Academic Year 2011-12?

Need more information?

• PFS Application Helpline (800) 344-8328

• Information is availabel on the SSS website, sss.nais.org/parents, to help you understand financial aid and complete your PFS.

Page 19: When  should I start planning for applying for financial aid for Academic Year 2011-12?