Step One School - financial aid Information

Step One School is proud to be committed to helping families pay for a quality preschool education. We know that raising a family can be difficult financially, and we are glad we can help out. Within the confines of a tight budget, we try to provide as much financial aid as possible to families who demonstrate financial need. Our financial aid covers partial tuition up to 50% .

This year we are using School and Student Services (SSS) for help in determining family need for Financial Aid. Many of the local private schools use this service and if you are applying for financial aid for an older child you can simply add Step One to your recipient list. Step One's SSS code is #4240. Applications submitted by mail are generally processed by SSS within 3-4 weeks. Applications submitted online are usually processed within 72 hours ( www.nais.org/financialaid/sss) .

You can apply to SSS between November 1st and February 1st of each year. Announcements are made by June 1st.

Deadline for financial aid applications is February 1st.

***IF YOU ARE CURRENTLY RECEIVING FINANCIAL AID AND WISH TO CONTINUE, DON'T FORGET TO REAPPLY!***

What follows is a little information about our financial aid program:

• To apply, you must submit a Parents' Financial Statement (PFS) to SSS.
• Financial Aid is usually awarded to families whose incomes range between $25,000 and $90,000 gross annually, unless there are unusual circumstances such as heavy debt or other expenses.
• In the coming school year, we will dedicate 6% of our $1,800,000+ budget to our financial aid program.
• Priority for financial aid consideration is given to children in the following categories: (1) children of Step One teachers and staff, (2) children contributing to the ethnic diversity of the school, (3) children with siblings who are currently attending or have attended Step One School. Other families with financial need will be accommodated if funding is available.
• Financial Aid normally provides partial coverage of tuition. The amount will vary up to 50% of the tuition charged, depending on a family's financial need and availability of funds.

FINANCIAL AID APPLICATION PROCEDURE

• Fill out and submit the PFS to SSS between November 1st and February 1st. There is a $22 fee for this service which can be waived for families demonstrating need.

• Turn in a copy of your SSS application to Step One.

• SSS sends Step One a Report of Family Contribution (RFC).

• Your RFC will be reviewed by the Financial Aid Application Committee. Their recommendation will be approved by the Budget Committee of the Board of Directors. All information will be kept confidential.
  

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