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How to find sources of boarding school fi financial i l assistance i

ď śAs most boarding schools offer the same grade levels in education as would the public school system, it is unusual for anyone y to seek boarding g school financial assistance. pursuit is to file applications pp ď śThe normal p for grants or loans for college tuition, but there are sources available for parents wishing i hi to t enroll ll their th i children hild iin a private boarding school, with most of them coming from the schools themselves. ď ś

ď śBecause the majority of boarding schools do not receive the same amount of government funding as public schools would,, they y depend p primarily p y on donations from area philanthropists and generations of graduates for additional monies.

ď śTheir budget is dependent upon tuition fees so if a family’s fees, family s needs are such that they will need help finding boarding school scholarships, p , or boarding school grants, the admissions office should be able to give g the parents assistance in applying for one of the three typical means of paying t iti tuition: scholarships, h l hi vouchers h and d payment plans.

ď śBoarding school financial assistance plans ď śMost boarding schools in the United States have one or two programs in place to help parents cover their children’s tuition every y year. y These programs, usually in the form of a voucher system of payment, or a d f deferred d paymentt plan, l ensure that th t the th children have a place in the school, which will last as long as the tuition is eventually paid.

ď śThis system allows children from lower economic areas to attend, attend and has made getting that quality education more possible for students that normally p y would have just gotten by in a public school system. ď śThe voucher plan allows families to apply for special vouchers from the state governmentt in i lieu li off receiving i i a tax t return from overpaying their yearly taxes through payroll deductions. deductions

ď śThey can then use these vouchers to pay for their child’s child s tuition at a participating boarding school, and the school gets the monies back from the state,, dollar for dollar. ď śNot all states back this kind of educational funding, and parents would have to be resident in a state that has a program to request the vouchers.

A deferred payment plan allows parents to enroll their children along with everyone else at the beginning of the school y year,, and make an initial payment p y of at least 15% of the year’s tuition. year, the Over the rest of the school y parents can make payments to the school to cover the rest of the debt. S Some schools h l allow ll for f payments t beyond b d graduating into the next term, and will have strict guidelines over how often the payments need to be made.

ď śScholarships and grants ď śScholarships are available for private boarding schools schools, and will either come from the school themselves, or from a donor organization or member. Some states also offer grants for tuition in private boarding schools, as long as the parents are full-time residents of the state where the school is located.

ď śIndependent scholarships are prizes from an educational competition or contest, contest and school scholarships are of the merit type yp for outstanding g grades, g , athletics or other achievements.

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How to find sources of boarding school financial assistance