Need-Based Financial Aid Program at Greensboro Day School
A Greensboro Day School education is an investment in a child’s future. In fact, Greensboro Day School parents believe this investment is so critical they are willing to sacrifice other interests to provide this important opportunity for their children.
Greensboro Day School makes a strong commitment to need-based financial aid to support students who otherwise would not be able to afford tuition. Greensboro Day School is proud to offer need-based financial aid to students in Kindergarten—Grade 12. Financial aid is not available in the Early Childhood Program.
We do not award merit-based scholarships, artistic scholarships or athletic scholarships. Additionally, all admission decisions are made based on student merit and without regard to a family’s ability to pay tuition. Given the volume of financial aid applications we receive annually, Greensboro Day School is regrettably unable to accommodate every request for assistance. If a student is offered admission, but we are unable to accommodate the family’s demonstrated need, the admitted student will be placed in our financial aid wait pool. If additional funds became available later in the spring, the Financial Aid Committee would determine how to allocate those funds to the students in the financial aid wait pool. Financial aid is awarded without regard to religion, race, national and ethnic origin, or gender.
Basic to our collective approach at Greensboro Day School is the assumption that the primary responsibility for the cost of a child's education resides with the family and that financial aid must be based on demonstrated need, not on willingness or unwillingness to pay. This means that the family will be expected to draw upon all available sources of support, including use of income from both parents and/or others where appropriate. Like other independent schools, Greensboro Day School uses an outside vendor (Financial Aid for Student Tuition- FAST) to determine financial need.
Each year the need-based financial aid program at Greensboro Day School gives priority to currently enrolled children. Current families who wish to enroll another child are given priority over new families. However, a second/third child interested in enrollment is not guaranteed a financial aid award.
To learn more about affording a GDS education, read more.
Need-Based Financial Aid Process and Timeline
If your child is not currently enrolled at Greensboro Day School, you must first apply for admission prior to applying for financial aid.
- January 1, 2017 The FAST application site opens on the Greensboro Day school web site. The FAST site is located on the admission tab, "Apply for Financial Aid" link. Application requirements include a 2014 and 2015 Federal and State tax returns, including all schedules and W-2s. All parties of divorced/separated families must submit all the information listed on the FAST application. Greensboro Day School uses Financial Aid for School Tuition (FAST) (ismfast.com) to process financial aid applications. Based on the financial information you provide, FAST gives us an estimated amount your family can contribute to educational expenses. This estimate is a starting point to help us make a fair and objective financial aid decision. Complete one parents’ Financial Statement (application) per family.
- All parents/guardians (including divorced, separated and partners) are required to submit financial documentation. Regardless of the personal or legal relationship between the individuals listed, the financial aid committee will consider all resources available. For example, if the custodial parent is remarried, the resources of the step-parent are also considered, taking into account the obligations of the step-parent to his or her own natural children.
- For returning families, a preliminary grant will be based on your 2015 tax return which should have already been submitted to FAST in the prior school year. Please understand financial aid is awarded on a first come-first serve basis, starting in January.
- All families applying for Financial Aid (returning and new families), will need to upload your 2016 tax return by March 11, 2017 including W-2’s, 1099’s and all schedules including Schedule C. NOTE: In prior years these were mailed to FAST. You will be notified of any adjustments to your preliminary grant.
- New families must complete the admission process and offered acceptance prior to receiving a financial aid grant.
Financial Aid Guidelines
As with many independent schools Greensboro Day School has a philosophy on awarding need-based grants. Some of these guidelines include:
- We expect all parents/guardians (including divorced, separated, partners) to contribute to the cost of education.
- In cases of divorced parents, both sets of parents are expected to complete the FAST application and a determination of need will be made based on the combined family’s income.
- It is our assumption families interested in need-based financial aid have completed their tax returns for the current year. A delay in completing your tax returns will delay your potential need-based award.
- Need-based aid is more limited after March each year. Families interested in need-based aid should have completed their admission application, been accepted for admission, and applied for financial aid by March 1.
- The need-based financial aid process does take into limited consideration older child(ren) in college, but does not take into consideration a parent’s undergraduate or graduate school tuition.
- Need-based aid is for the accepted child only and does not necessarily increase if a sibling enrolls the following year nor decreased if a sibling withdraws.
- As noted above, tutoring is not included in the financial aid package. Aid packages cannot be adjusted for additional tutoring expense.
Expenses not covered by Financial Aid
Financial Aid does not cover the cost of books, lunch, bus transportation, athletic supplies such as team shoes and certain clothing, outside of class (1 to 1) tutoring, optional after school programs, junior backpacking trip (required for all high school juniors) supplies, and extraordinary school trips such as non-mandatory travel as part of a particular course and foreign language exchange program. Learn more about affording a GDS education, including payment options, click here.
Financial Aid Frequently Asked Questions
Click here to see a comprehensive list of frequently asked questions.
Begin the Financial Aid application
We hope that you will find the financial aid application easy to complete online. Click here for a User's Guide. GDS will provide you with a list of the financial records you will need. Once you have gathered your financial information, it takes approximately 30 to 45 minutes to complete the application online. Gathering your financial information is similar to collecting information to file your taxes and takes about the same length of time. You do not have to complete the entire application at one time. Your user name and password will allow you to access your data until you have completed the payment section.
There is a $43 application fee, payable by credit card (MasterCard or Visa.). If you do not have a credit card, you may purchase a $43 voucher from GDS that will allow you to complete the application. Please contact Vivian Wilder, Financial Aid Coordinator at email@example.com.
If your child is not currently enrolled at Greensboro Day School, you must first apply for admission prior to applying for financial aid. The financial aid application will not be reviewed until the applicant has been accepted and offered a space.
Proceed to the FAST site