Financial Aid

Steps for New Families

All new families must complete the application for tuition assistance through the SSS website and provide all necessary documentation prior to the January 15th deadline. Failure to do so can negatively impact any tuition assistance Walker's is able to give. This applies to new and returning families.

Step 1: Complete Parents' Financial Statement (PFS)

Beginning October 2, complete a Parents' Financial Statement (PFS) by January 15. Our school code is 3076.

Step 2: Upload All Required Forms by January 15 to SSS

The following required forms must be uploaded by January 15 to SSS through your profile or mailed to SSS at P.O. Box 449, Randolph, MA 02368-0449:

  • W-2 Forms from Current Employer for two years (including the current year)
  • 2017 Federal tax returns with associated schedules
  • 2016 Federal tax returns with all associated schedules (upload as a separate document)

Additional documentation requirements for inclusion in your upload:

  • If you are paying college tuition, include form 1098-T
  • If you receive business income, include Schedule C or C-EZ
  • If you have capital gains or losses, include Schedule D
  • If you have rental property, a partnership or s-corporation please include Schedule E and K1, if applicable

If you have special circumstances that you would like the Financial Aid Committee to consider, please add these at the end of your PFS. The PFS allows for a section to provide "Other Information."

If parents/guardians are separated, divorced, or never married, please fill out a PFS for each parent and include all required documents.

Please note that you may be required to produce other documentation as requested.


Confidentiality Statement: All financial aid applications, grants, and associated documentation are held in strict confidence. Financial aid decisions and other related information will only be discussed with financial aid or admissions personnel. It is also the obligation of the family to not disclose financial aid information. As such, it is a violation of confidence to discuss your financial aid award with any third party.

Each family must apply annually for financial aid, and the tax documents will be reviewed annually. Once a financial award is granted to a family, the School commits to providing the same percentage of assistance as long as demonstrated need remains the same, and the student remains in good standing. It is also important to know that when tuition increases from year to year, families are asked to assume some percentage of this increase.

Financial Aid for Returning Students

Each family must apply annually for financial aid, and the tax documents will be reviewed annually. Once a financial award is granted to a family, the School commits to providing the same percentage of assistance as long as demonstrated need remains the same, and the student remains in good standing. It is also important to know that when tuition increases from year to year, families are asked to assume some percentage of this increase.

For the 2019-2020 school year, The Ethel Walker School will require families applying for financial aid to provide 2016 and 2017 financial information as part of their aid application. The purpose of this change in our process is to make it easier and less stressful for families to apply for financial aid to Walker’s as families will have all of their tax information at the time they complete the Parents’ Financial Statement (PFS). Our deadline for returning families to apply for financial aid is January 1, 2019 and for prospective families January 15, 2019. If you have any questions regarding this change, please do not hesitate to contact our office.

Step 1: Complete Parent Financial Statement (PFS)

Beginning October 2, the Parents’ Financial Statement (PFS) will be available for families to complete, using our school code: 3076. The deadline for completing the PFS is January 1, 2019.

Step 2: Upload All Required Forms by January 1 to SSS

The following required forms must be uploaded by January 1 to SSS or mailed to SSS at P.O. Box 449, Randolph, MA 02368-0449:

  • W-2 Forms from Current Employer for two years (including the current year)
  • 2017 Federal tax returns with all associated schedules
  • 2016 Federal tax returns with all associated schedules (upload as a separate document)

Additional documentation requirements for inclusion in your upload:

  • If you are paying college tuition, include form 1098-T
  • If you receive business income, include Schedule C or C-EZ
  • If you have capital gains or losses, include Schedule D
  • If you have rental property, a partnership or s-corporation please include Schedule E and K1, if applicable

All documents must be uploaded to SSS by January 1. Financial aid award decisions will be available at the time online enrollment contracts are released. Re-enrollment decision deadline is March 1.

FAQs

Who may apply for financial aid?

To be considered for need-based financial aid, a student must be a U.S. citizen or permanent resident and the family must be paying U.S. income taxes. Returning families may apply for aid only in the event of a significant change in financial circumstance (i.e. the loss of a job or death or illness of a parent).

When and how should we apply for financial aid?

Each family must submit a PFS through the SSS website and include any relevant tax documents and W2 statements. Your application will not be processed without your 2016 and 2017 tax returns and your most current W2 statements. Our deadline for returning families to apply for financial aid is January 1, 2019 and for prospective families January 15, 2019. We recommend that you request information on applying for need-based aid at the same time you request application materials or as soon as you think you would like to be considered for financial assistance. Significant funds are not reserved beyond our initial round of awards. Therefore, it is very important to meet all deadlines.

Does every applicant applying for Financial Aid receive it?

Applicants acceptable for admission and qualifying on the basis of financial need outnumber those whom we can afford to support.

What if I don't get the award I was hoping for but want to enroll anyway?

If a family does not receive need-based financial aid for the first year of enrollment, it is highly unlikely that funding will be received in subsequent years unless there is a significant change in that family’s financial circumstances. (Examples might be loss of a job or the death or illness of a parent.) Depending on the need of the applicant pool, Walker’s may or may not use a financial aid waitlist.

How is financial aid determined?

The Ethel Walker School subscribes to the principals and services of the School and Student Service for Financial Aid. School and Student Service (SSS) is a needs-analysis system that provides a basic guideline to provide consistency in assessing need. The School’s mission surrounding financial aid and the financial aid budget are also taken into consideration by the Financial Aid Committee.

Who is responsible for completing the financial aid forms in the case of separated or divorced parents?

In situations of divorce or separation, the non-custodial parent must also complete the PFS and provide his/her tax documents. We expect both parents to finance their daughter’s education to the extent they are able. Therefore, we require a completed PFS and tax return from each. If either parent is remarried, we will also take into consideration the spouse's contributions to the household along with any obligations to his or her own children. He/she is required to provide his/her tax documents as well. A financial aid award cannot be made without information from or about all parents.

How is financial aid determined in subsequent years?

The Ethel Walker School requires that all applicants complete and submit the Parents’ Financial Statement to SSS as well as supporting documentation each year that a student wishes to matriculate at the School. These items must be submitted by January 1 for returning families and January 15 for prospective families. Awards are evaluated annually based on the financial information provided. The Financial Aid Committee will review and make adjustments appropriate to changes in financial resources and tuition increases. Walker’s cannot always guarantee meeting an increased need should a family’s financial situation change.

Is a business tax return required from parents who own their own business?

Yes, parents will need to provide their business tax return as well as their personal tax return. Please be sure to submit all tax documentation including, but not limited to, K-1s, 1120s, 1065s and your Schedule E.

Is it possible to get a fee waiver for the PFS?

Walker’s does not assign fee waivers to families for completion of the PFS. SSS will apply a fee waiver at the end of the application depending upon income and information provided.

What if I have more than one child in tuition charging schools?

If more than one child in a family attends a tuition-charging institution, it is required that a family applying for financial aid does so at each of the institutions their children attend. However, a family only needs to complete one Parents' Financial Statement (PFS) listing all of the schools that children will be applying to. Please be sure to include all children and educational expenses in the designated section on the PFS.

What additional documents may be required?

Walker’s may require the following documents to be included in your application:

  • If you are paying college tuition, include form 1098-T
  • If you have capital gains or losses, include Schedule D
  • If you have rental property, a partnership or s-corporation, please include Schedule E and K1, if applicable

When will we be notified if we have received an award?

Financial aid decisions are sent to parents of newly admitted students along with their admission decision on March 10. Returning students will receive their financial aid decisions, along with their re-enrollment contract, in late February.

Is our application confidential?

All financial information submitted in support of a financial aid application is held in strict confidence. All financial aid awards are confidential agreements between the recipient family and The Ethel Walker School. Therefore, it is the expectation that Financial Aid recipients and their families will honor this confidentiality; a student may forfeit her award if this confidentiality is breached.

Financial Aid Resources


Anne Hunt, Director of Financial Aid/Associate Director of Admission, is dedicated to helping families through the financial aid process, including answering any questions you may have before you start the process. Contact Anne at ahunt@ethelwalker.org or 860-408-4204.