Admissions Financial Aid Frequently Asked Questions

 

We will happily consider any admitted student for need-based financial aid support after they have received their acceptance to Charles Wright Academy. Financial need is not considered at any point during the admission process. If your family will need financial assistance in order to make an enrollment decision for your child, please complete the financial aid process. Please read on to learn about how to apply for financial aid, and let us know if you have any questions.

Each year, we distribute need-based financial aid grants to nearly one third of all new and returning Charles Wright Academy students. For the 2016-17 school year, we allocated more than $2.1 million in financial assistance to families.
Charles Wright Academy expects you to contribute to the cost of your child’s education to the best of your ability. For qualifying families who demonstrate financial need, we provide need-based grants to help offset the cost of tuition and in some instances, the cost of books, transportation, and/or food service. Grants are awarded to all families of admitted students who have demonstrated financial need so long as financial aid funds are available for the year. CWA does not provide merit-based scholarships to students solely on the basis of academic or other performance.
Need-based grants may be awarded to families with children in all grades, junior kindergarten through 12th.
Your family will need to complete the Parent Financial Statement (PFS) available online at sssbynais.org. The PFS is an online form commonly used by independent schools nationwide, administered by the School & Student Services (SSS) division of the National Association of Independent Schools (NAIS). It provides a summary of your family’s financial picture so that we can accurately determine your level of financial need.

After submitting the PFS online, you’ll submit copies of supporting tax documents from the most recent filing year (e.g. 2016 tax documents in the 2017 calendar year). The financial aid committee will review applications to determine first if you qualify for need-based assistance, and second, if we have sufficient funds to meet your demonstrated need.

If you are divorced/separated/never married and your child(ren) have dual households, both households are required to complete a PFS. After the Parent Financial Statements have been received along with supporting documents, family contributions are determined for both households. Neither the SSS by NAIS nor Charles Wright Academy will share confidential financial information between households. If you would like to request an exception to both households providing information, you will need to do so in writing to the financial aid committee at the time you apply for aid.
Once your Parent Financial Statement is completed and submitted online, and all documents have been received, you will receive notification regarding financial aid within three weeks. We give priority to returning families before we consider new applicants for need-based assistance. You can always check in with the Admissions/Financial Aid Office if you have questions about whether you financial aid information is complete and ready for review by the financial aid committee.Families who meet the priority deadlines are typically notified in late spring to early summer.
Charles Wright Academy uses a formula that takes into account a wide range of factors including household income (taxable and nontaxable), assets, and number of people in the household to name a few. The amount of aid we offer depends on your family’s level of financial need as determined by this formula, and by the amount of aid available.
Once you complete your part of the financial aid process at Charles Wright, and after the admission process is complete, your financial aid application will be evaluated (using the SSS by NAIS information) and then reviewed by the financial aid committee. The committee determines if your family qualifies for need-based assistance, and if a grant can be awarded. We will notify you of the committee’s decision by letter. Any grant money that you accept in the financial aid grant letter will reduce the total tuition you’ll need to pay, and the grant will be directly applied to a student’s account.
Your family must complete a new Parent Financial Statement, along with supporting tax documents, each year in order to be considered for need-based grants. Provided your family’s financial picture remains similar to the current year, a new grant of a similar amount will be awarded. Occasionally, families may not qualify for aid after they had qualified in previous years due to increased household income or new assets. Conversely, families may qualify for increased aid if income has been reduced or other circumstances have occurred.
After any financial aid grants have been applied, your enrollment deposit will be 10% of your net payment. (Total tuition minus grant amount applied equals net payment). If you do not qualify for financial aid, or your net payment is $15,000 a year or higher, then a standard enrollment deposit of $1,500 will be due at the time of enrollment.

After the enrollment deposit has been paid, the first tuition payment will be due on July 31, approximately one month before the school year begins. The following payment plans of 1, 3, and 9 payments are available:

Single payment (Plan A): Includes a discount of $100 if full payment is received by July 31.
Three payments (Plan B): Payments due by July 31, September 30, and December 31.
Nine Payments (Plan C): Includes a premium charge of $15 per tuition billing. The first payment of 20% is due by July 31. The remaining eight payments of 10% are due by the last day of each month from August through March.

Please contact the Admissions/Financial Aid Office at (253) 620-8373 if you have questions regarding Charles Wright Academy’s financial aid process. If you need help with your Parent Financial Statement, please contact SSS by NAIS.