Affording Baylor - Guide to Financial Aid

Affording BAYLOR

Your guide to Financial Aid, Loans, and Payment Plans

A f f o r d i n g B AY L O R

Careful Planning For most families, investing in an independent school education requires careful financial planning. To begin the process of providing a rewarding experience at Baylor for your son or daughter, you should start by discussing various options with your admission counselor.

You may find that you qualify for a financial award, which you can also supplement with loans or a combination of payment plans. Each family is unique, and we are here to help you determine the best plan for this important investment. All families applying for financial aid are encouraged to have a conversation with our financial aid officer.

A f f o r d i n g B AY L O R

33% 70-80% 7.5+ Baylor is generally able to meet

of Baylor students receive some form of tuition assistance

of a family’s demonstrated need.

million awarded in tuition assistance in 2021-22

’22-’23 DAY TUITION: $28,310

’22-’23 BOARDING TUITION: $57,340

AVERAGE GRANT: $13,129

AVERAGE GRANT: $35,717

The average amount given to qualified Day families is 45 - 55% of tuition.

The Baylor Fund contributes

The average amount given to qualified Boarding families is 50 - 60% of tuition.

7%

of operating revenues which

helps offset the cost of a Baylor education for all families.

A f f o r d i n g B AY L O R

How to Apply

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Complete the PFS (Parents’ Financial Statement) at: sssandtadsfa.force.com/familyportal

Upload Tax Documents

Submit the Parent’s Financial Statement to SSS

Meet with the Financial Aid Office for Assistance

NEED HELP COMPLETING THE PFS? Contact the SSS Parent Support Team (800) 344-8328 or sss@communitybrands.com

A f f o r d i n g B AY L O R

Important PFS Info • School’s Full Name: Baylor School • Baylor’s SSS Code: 1516 • In addition to the PFS, you are required to submit the following documents:

q 1040 with All Schedules + Worksheets for the Past Two Tax Years q W2 Form for the Past Two Tax Years q 1099 Form for the Past Two Tax Years (Self-Employed Parents: include ALL related business forms with your 1040 (Schedule C, Schedule E, Form 1120, Form 1065, and/or K-1.)

• Baylor Financial Aid Contact Info: Bill Murdock at bmurdock@baylorschool.org or (423) 757-2821

• For up-to-date deadline information, please go to:

baylorschool.org/admission/tuition-financial-aid

A f f o r d i n g B AY L O R

FAQs Who Qualifies for Financial Aid? Applicants who qualify for financial aid outnumber the amount of financial aid that Baylor is able to provide, we must make choices based on individual merit. Financial need is the first requirement for financial aid, but the final selection of an award recipient is based on our evaluation of a student’s overall academic strength and personal attributes. Baylor’s policy is to make admissions decisions separate from financial aid decisions. No one will be denied admission because of his or her financial situation. It is possible, however, due to our limited resources, that your son or daughter could be admitted to Baylor but not receive financial aid. Our Financial Aid is generally awarded to the strongest candidates in our pool.

How Does Baylor Determine the Amount Given?

We understand and appreciate the financial commitment families make in sending their children to Baylor. It is our stance that, even though paying for education is first and foremost the responsibility of a family, we devote significant funds each year to a financial aid budget to assist families. In turn, our school community benefits by attracting gifted students that otherwise would not be able to attend. To help us objectively assess what a family is able to contribute to their education expenses, we use School and Student Service, (SSS) to assess the financial needs of each family.

A f f o r d i n g B AY L O R

How does the School and Student Service (SSS) Process determine how much you qualify for in assistance?

The SSS analysis of a family’s “Estimated Family Contribution (EFC)” is a critical component of our financial aid decision. To make our final financial aid award decisions, we use the SSS figures as the baseline for our own additional review, taking into consideration our total financial aid budget, other information we may have

collected, our school’s policies and priorities, and the needs of our entire applicant pool. Due to these circumstances and others, our school may ask your family to contribute more or less to tuition than what is estimated on the SSS Family Report. Baylor School determines the award using information provided by the family through the SSS financial aid application.

READY TO START YOUR APPLICATION? Visit School and Student Services

LEARN MORE AT baylorschool.org/admission/tuition-financial-aid FOR MORE INFORMATION Bill Murdock bmurdock@baylorschool.org (423) 267-8506, ext. 270

Baylor School admits students of any race, sex, color, religion, national or ethnic origin to all the rights, privileges, programs and activities generally accorded or made available to students at the school. Baylor does not discriminate on the basis of sex, race, color, religion or national origin in the administration of its educational policies, admission policies, financial aid programs, athletic programs, and other school-administered programs.