When is tuition due? What payment plans are available?
There are three payment plans available:
- FULL PAY PLAN – $300 paid upon signing contract. The entire balance of Plan B tuition paid on or before July 31.
- 60/40 PLAN – $300 paid upon signing contract. Sixty percent (60%) of the balance of Plan C tuition paid on or before July 31. The remaining balance of tuition paid on or before January 1 of the following year.
- 10 MONTH PLAN – $300 paid upon signing contract. The balance of tuition paid in ten (10) equal monthly installments on the first of each month, starting August 1. Monthly collections will be administered through the FACTS program.
Is there a tuition discount for multiple children who attend TIS?
Yes. Tuition is reduced by 10% (in the least expensive program) for the 2nd child, 15% (in the least expensive program) for the 3rd child. The discount is based on the Plan B rate for the selected enrollment option. See tuition for more information.
What expenses are there beyond tuition?
We strive to include most expenses within tuition so that parents are not “nickle and dimed” with extra fees. Field trips, books and performances as well as most school supplies and cultural costumes are included in tuition. Parents must provide a small list of durable school supplies, lunch (send from home or purchase through TIS lunch programs), and after school care if required. There are no other mandatory fees.
The school raises money through a small number of fundraisers throughout the year, and asks every family to contribute annually to the TIS Fund and/or to the Auction Special Appeal. Participation is valued at literally any dollar amount. See giving for more information.
Does TIS offer financial aid?
We strive to make our program accessible to as many children as possible. To this end, we provide financial assistance for up to 20 percent of our students each year – significantly more than the national average.
How is financial need determined for TIS financial aid?
Financial aid grants are awarded based on financial need. To apply for financial aid, a family must complete a Grant & Aid Application, which is filed through a third-party aid assessment service called FACTS. Families must re-apply for every year that they wish to be considered for aid. The school gives priority for financial aid to its returning students.
FACTS processes the application and estimates the amount a family can invest toward the cost of tuition. The school’s financial aid budget is limited, so every family is still expected to make a substantial contribution toward the cost of tuition.
Financial aid application deadlines are March 2 for both returning families and for families that are new to the school. Families who complete their financial aid applications by the deadlines generally receive award notification along with their enrollment contracts. Applications received after the deadlines will be processed on a first-come, first-served basis. Any applications received after the budget is exhausted will be put on a financial aid waitlist. Families occasionally turn down their financial aid awards, and that money may be available to other students. For more information concerning deadlines, and to request a financial aid application, please contact the Admissions Office at firstname.lastname@example.org. The application is also available online at www.factstuitionaid.com.
Is financial aid automatically renewed each year?
No. Families must re-apply for every year that they wish to be considered for aid. The school gives priority for financial aid to its returning students.
What is demonstrated need?
Demonstrated need is the calculated difference between fees and the amount a family can be expected to contribute to the cost of annual tuition.
Do financial aid awards cover the full cost of tuition?
No. Every family is expected to contribute to the cost of their child(ren)’s education.
Do I apply for financial aid at the same time I am applying for admission?
Financial aid application deadlines are January 15 for returning families and March 1 for families that are new to the school. Families who complete their financial aid applications by the deadlines generally receive award notification along with their enrollment contracts. Applications received after the deadlines will be processed on a first-come, first-served basis. Any applications received after the budget is exhausted will be put on a financial aid waitlist. Families occasionally turn down their financial aid awards, and that money may be available to other students.
Does applying for financial aid affect admission decisions?
No. Admission offers are made strictly on a first-come, first-served basis without any consideration of a financial aid application.
We do not complete or file our taxes until April 15 or later. How will that affect my financial aid application?
Finishing both the school application as well as financial aid in a timely manner will assure that your child has the best opportunity to be admitted as a student at TIS. We do have a limited amount of funding to offer, and your child may have to be put on a waitlist if all of the materials are not completed, or if the funding is not available at the time of acceptance to TIS.
What if our family is still unable to pay the tuition even after receiving a financial aid award?
If you review the financial aid offer and still feel that your family contribution is not affordable, you may appeal. There is a financial aid appeal form available from the Business Office in which you can state the circumstances in which you feel the application did not adequately demonstrate your financial need.
If, after completing the appeals process, you feel that you are still unable to meet the family contribution, please let the admissions office know as soon as possible in which case deposits paid will be returned.
Will my information be kept confidential? Who will see my information?
Members of the financial aid committee are the only people who have access to and review financial aid application materials. Families who apply for and receive financial aid are not publicized or identified during the admission process or after admission at any time.
What factors are considered when determining financial assistance?
- Income, assets, taxes, family size, unusual expenses and circumstances, the age(s) of the parent(s) and number of family members in tuition-bearing schools are among the many factors used to determine financial assistance.
- Generally, we encourage you to apply.
Is there a fee for applying for financial aid?
FACTS charges a $30 application fee.
When will our family be notified of our financial aid award?
If application deadlines are met, financial aid awards are sent out at the time enrollment paperwork is mailed. This way, you can make a decision knowing the exact amount of tuition you need to pay.
How do I get a financial assistance application?
The applcation is available from the Admissions Office (only after an application for admission has been submitted) or online at www.factstuitionaid.com.
If we have more than one child applying, do we have to complete two forms?
No, one form will be sufficient.