1. How does Heritage Hall fund its Tuition Assistance Program?
Our Tuition Assistance Program is funded by tuition dollars. Heritage Hall believes that diversity makes for good education and we are committed to making this school affordable for a diverse community. We do not receive any state or federal funds.
2. How is tuition assistance determined?
Heritage Hall is a member of the School and Student Service for Financial Aid (SSS) which assists independent schools in determining a family’s financial need. The Report of Family Contribution (RFC), which is computed by SSS, is reviewed by our Financial Aid Committee along with supporting documents. The RFC report serves as a guideline in making financial aid decisions but it does not bind the school to any specific grant.
3. Grants vs. Loans
Aid is typically awarded as an outright grant, which does not require repayment; however, loans are an optional component of assistance for students in grades 9 through 12. Repayment of the loan does not begin until four years following graduation from Heritage Hall, and the loan does not begin accruing interest until the first payment is due.
4. Who may apply for tuition assistance?
Any qualified student entering grades 5 through 12.
5. Does the request for tuition assistance influence the admission process?
No. Heritage Hall accepts students based on academic merit, test scores, and personal qualities. Tuition assistance files are reviewed and awards are made only after students have been admitted.
6. Should I apply for tuition assistance before my child has been admitted?
Yes. If you do not apply for assistance by the March 15th deadline, funds may not be available.
7. How is financial need determined?
Financial need is determined as the difference between what it costs to attend Heritage Hall and a family’s ability to pay. The Report of Family Contribution is sent to Heritage Hall by SSS (and to the family, if they so request), which provides the School with a general assessment of a family’s ability to pay for education. Major factors in determining financial need include, but are not limited to, income, assets (including home equity, college funds, and investments), family size, and the number of children attending tuition-charging institutions, excluding daycare, preschool, and graduate school.
8. Is tuition assistance automatically renewed each year?
No. Heritage Hall requires families receiving tuition assistance to reapply each year. While we assume ongoing financial support for students who are awarded assistance, a change in such criteria as income, family status, and the number of children attending private institutions may result in increases or decreases in the award amount. An additional part of the process is a review of the academic and conduct records of all recipients. We expect that grant recipients honor the award with commitment and dedication.
9. What is the deadline for applying for tuition assistance?
Applications for tuition assistance must be received by SSS no later than March 15th. Parents should send signed copies of their IRS 1040 and all tax schedules for the current three-year period to Heritage Hall.
10. May I apply for tuition assistance if it is after the March 15th deadline?
Yes. We realize that many students may seek admission and tuition assistance after the March 15th deadline. We welcome all applications but, financially, we may be limited in the level of support that we can provide.
11. My spouse does not work. How will that affect my financial aid award?
Since it is our belief that families bear the primary responsibility for financing the education of their children, it is our policy to expect both parents to contribute financially. If your spouse chooses not to work and has children in school full time, your application for assistance will not be considered.
12. What happens if parents voluntarily reduce their income?
It is our policy to decline to subsidize a parent’s voluntary reduction of income. It is assumed that parents have considered the financial impact of that decision on their ability to afford the tuition at Heritage Hall, recognizing that such a change could prevent a child from enrolling or returning to school. Returning to school for professional or graduate work, or to change careers, and in some cases, starting your own business is considered a voluntary reduction in income, and is treated accordingly.
13. I never do my taxes until the IRS April 15th deadline. Will this affect my financial aid award?
Yes. You must complete your taxes early enough to comply with our March 15th deadline.
14. Is there a fee associated with the application for assistance?
Yes. SSS charges $39 to process your application. You have the option of requesting that a copy of the Report of Family Contribution (RFC) be sent to you as well as the school(s) indicated for an additional fee.
15. How will I be notified of my award?
New families applying for assistance will receive a contract reflecting the award after a decision is made by the Financial Aid Committee. A $100 registration fee must be submitted with the signed contract to complete the enrollment process.
16. If parents are requesting tuition assistance for more than one student are there special instructions?
No. Parents need to file only one PFS for all children planning to attend Heritage Hall or any other tuition charging institution listed in the instruction book.
17. What happens if parents are divorced or separated?
We believe that parents have an obligation to pay for the educational expenses of their children to the extent they are able. The Financial Aid Committee will consider the assets of both natural parents, if living, before making any award, and cannot be bound by the assertion that one parent has disclaimed legally, or otherwise, responsibility for educational expenses. If either parent has remarried, the committee will also consider the income and assets of the stepparent, always bearing in mind the obligation of that stepparent to his or her own natural children.
In view of this policy, it is necessary that both natural parents and their current spouses, if any, complete a separate PFS form. It is the responsibility of the custodial parent to ask the non-custodial parent to complete this form. If this information is not provided, the committee will not grant an award to the student. Extra copies of the form may be obtained from the Admission Office.
18. Waiving of Requirement
Waiving the requirement of the non-custodial parent will be considered only under the following circumstances:
1. Documented information is provided stating that the location of the non-custodial parent is unknown;
2. Documented information is provided that the non-custodial parent has given no support and has had no contact with the family for at least two years.
The above documentation will be accepted from a doctor, lawyer, minister, or any such person outside the family. If there are other extenuating circumstances that might warrant waiving this requirement, written requests should be sent to the Financial Aid Committee.
19. What payment plans are available?
Heritage Hall offers four different payment options: an annual payment, semester payments, and monthly payment plans over ten or twelve months. All payments are handled either by automatic withdrawals from your bank account or by check or cash. Credit cards may be used for registration fee and books, but are not allowed for tuition payments.
20. If I receive tuition assistance, do I still have to purchase tuition refund insurance?
Yes, unless you pay your portion of tuition in full. If you elect to pay the balance of your tuition by semester or monthly, you will have to purchase the tuition insurance only on the unpaid portion.
21. Other Tuition Loan Programs
Listed below are the names of institutions that might assist you with tuition financing should you desire to pursue another source. These institutions are not affiliated with Heritage Hall. Please contact them directly.
|prepGATE Loan Program
30 Little Harbor
Marblehead, MA 01945-2600
P.O. Box 470
Marlton, NJ 08053
Citiassist K-12 Origination Dept.
Citibank/The Student Loan Corp.
PO Box 22878
Rochester, NY 14692-2878