Financial Aid at Greensboro Day School

Our Committment
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 in grades K-12 who otherwise would not be able to afford tuition. 25% of our families receive financial aid with an average of 2 million dollars each year being allocated to the financial aid 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 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.

Financial Aid Process

List of 4 items.

  • 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, 2018 - The FAST application site opens on the Greensboro Day School web site. Application requirements include a 2016 and 2017 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. 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 2017 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), will need to upload your 2017 tax return by March 12, 2018 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

    A Financial Aid grant only assists with the cost of tuition. Families are responsible for additional expenses that may include (but are not limited to) books, athletic supplies, academic tutoring, lunch, after-school classes, etc. Expenses other than tuition will vary by grade and division. 
  • Begin the Financial Aid Application

    We hope that you will find the financial aid application easy to complete online. You can download a user guide for accessing the FAST application here. 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 submitted the application fee required by FAST. 

Financial Aid Frequently Asked Questions

List of 5 frequently asked questions.

  • Q: Does the Financial Aid process have any bearing on the admission process?

    The admission process is independent of the financial aid process. Applicants are accepted on a financial “need-blind” basis. Applying for financial aid does not affect applicant’s chance for admission.  Once accepted for admission, families who have properly applied for financial aid and met the timeline for submission will have the financial aid application reviewed by the Financial Aid Committee.
  • Q: How is the financial need determined?

    In common with most independent schools, the GDS Financial Aid Committee determines a family's contribution using a standardized calculation (derived by FAST).  This system considers income, assets, liabilities, family size and number of students in tuition-charging institutions. After an allowance for basic necessities and taxes, the remaining funds are considered discretionary income. The Financial Aid Committee may not consider expenses entered for depreciation, second homes and investment properties, hobby businesses, club memberships or educational costs/loans for parents completing or continuing their education. We will consider the potential for income to be earned by a non-working parent who does not have small children at home.
  • Q: Is Financial Aid automatically renewed each year?

    GDS requires families receiving Financial Aid to reapply each year. As long as a student remains in good standing, Financial Aid will be renewed according to demonstrated need.
  • Q: Will a change in family financial circumstances result in a change in the Financial Aid decision?

    If there is a significant change during the school year, please notify the Financial Aid Coordinator. In extreme circumstances it may be possible to adjust the grant for the current year, provided that funds are available. The committee will naturally consider new information when evaluating the following year's grant.
  • Q: What happens if parents are separated or divorced?

    We subscribe to the principle that both parents are responsible for the support and educational expenses of their children to the extent that they are financially able to do so. We require that both the custodial and noncustodial parent provide us with the appropriate forms and information. While some divorce settlements stipulate the exact amount each parent must pay toward educational costs, we will not necessarily feel ourselves bound by such agreements and will instead require each parent to contribute an amount appropriate to our need analysis. When natural parents remarry, we will take into account the obligations of the parent to his or her new family. We will include in the calculations the resources of the stepparent, keeping in mind the stepparent's obligation to his or her natural children.
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.
Greensboro Day School develops the intellectual, ethical, and interpersonal foundations students need to become constructive contributors to the world.