Oak
Hill Academy Financial
Aid
Program
POLICY
Oak
Hill Academy
has established a financial aid program to assist families of qualified
children meet the cost of an OHA education.
The school gives financial aid to help maintain a
diverse socioeconomic
and multicultural student population.
It
also serves to help prevent the loss of current students because of
rising
tuition and/or families’ financial difficulties. Our goal is to enrich
the
learning and living environment for all our students.
Every student and his/her family bring a
special set of gifts to contribute to the mosaic of the school
community.
PROGRAMS
Oak
Hill Academy
will continue with tuition reduction for families that have more than
one child
enrolled at the school at the same time.
Parents will pay the full tuition for their first
child, but will have a
$1,000 reduction in tuition for each additional child enrolled.
Starting
with the 2010-2011 school year, financial aid will
be available to qualifying families, regardless of the number of
children they
have enrolled at OHA. Application
is
made through School & Student Services (SSS) by the National
Association of
Independent Schools (NAIS). Financial
aid
is limited and awards will be based on the total amount of financial
aid available
from OHA, as well as the number of qualified applicants. In the
awarding
process, some consideration will be given in filling openings that
would
otherwise remain vacant. Oak
Hill Academy is
not able to
offer full financial aid to any student at this time.
PROCEDURE
Overview: Parents must fill out a
Parents Financial
Statement (PFS) either online or on paper, as well as submit certain
income and
tax information. This
application asks
several detailed questions about your family’s income and expenses. Based on the financial
information you
provide in the PFS, SSS will provide schools with an estimated amount
that your
family can contribute to educational expenses.
This helps schools make fair and objective financial
aid decisions. 2009
W-2 forms and all other proofs of
income, as well as your 2009 tax return must be submitted to SSS, as
well as Oak
Hill Academy. Parents are encouraged to
follow deadline
dates.
How
to apply:
- You
may complete the PFS online at http://sss.nais.org or
you may request a paper copy from our main office at 732-530-1343 x1. Please note that
submission online is done in a more timely manner.
- If
you complete the PFS online, the fee is $35.
The paper format fee is $42.
These are flat fees, for as many schools as you
are applying to.
- Oak
Hill
Academy’s
subscriber code is: 905389
- Submit the following forms:
2008 1040
and W-2 to Oak Hill Academy
2009 1040
and W-2 to SSS and Oak Hill Academy
Business/Farm Statement
Form
4506-T (signed, but do not date)
- Mailing
address for submitting the paper PFS and Submitting Required Documents
is:
SSS By NAIS
P.O. Box 449
Randolph,
MA 02368
- For
overnight mail, use this address:
SSS By
NAIS
Application
Processing Center
437
Turnpike Street
Canton,
MA 02021
-
For questions, call: Customer
Service
Center
for Parents
800-344-8328 M-F
9am-8pm EST ;
Sat 9am-4pm EST
e-mail:
sss@nais.org
-
Submit required forms
to Oak
Hill
Academy,
attention: Financial Aid
Committee
Deadline Dates:
-
Parents must fill out
the PFS by February 5,
2010 (it will be available
after November 1st).
-
All 2009 tax
information should be submitted by
March 1, 2010. 2008
tax information
should be submitted by the same date, or earlier.
- The
Report of Family Contribution (RFC) will not
be accurate unless all signed federal tax returns with all supporting
schedules
for 2008 and 2009 have been received.
-
Parents are encouraged
to follow deadline
dates. Submission
after March 1, 2010
may put a family in jeopardy of excluding themselves from aid for that
year.
Report
of Family
Contribution/Notification:
- SSS
will generate a report that will estimate the amount a family can
contribute to the
educational expenses for their
child(ren).
- Oak
Hill
Academy
will use the RFC as a guide in awarding financial aid.
OHA will have to take into consideration the
following factors:
Total amount of
financial aid that we will be distributing
Number of
qualified applicants
- Financial
Aid awards are determined by a Financial Aid Committee of OHA
administrators.
- Written
notification of the financial aid decision will be sent by the
Financial Aid Committee in a timely manner.
Additional Notes:
- Each
parent/family/household, regardless of custodial arrangement, must fill
out a complete financial aid application for each household.
- Parents
must re-apply for financial aid every year, due to possible change in a
family’s financial circumstance and/or the amount of funds available
from OHA.
- Financial
Aid and Admissions are two separate processes.
The financial aid decision is made after the
student is accepted.
- If
there are extenuating circumstances affecting your family’s financial
stability, parents are asked to document these factors and submit the
documentation to OHA as part of your financial aid application.
- All
conversations, financial records, correspondence, and financial aid
information will be kept in the strictest confidence.
Questions?
Please contact Patrice Murray
Director
of Personnel/Administration
Oak Hill Academy
347 Middletown-Lincroft Road
Lincroft, NJ
07738
732-530-1343
x1
pmurray@oakhillacademy.com