- How do I apply for financial aid?
- What kind of financial aid is available from Georgetown Day School?
- How are financial aid awards determined at GDS?
- Will applying for financial aid affect my child's chances for admission to GDS?
- When will I be notified about my child's financial aid award?
- Must I reapply for financial aid each year my child is enrolled at GDS?
- Are financial aid recipients required to work or meet special performance requirements?
- Is financial assistance available to financial aid recipients who require tutoring or educational evaluations?
- Who determines financial aid awards at GDS?
- Must both parents be employed to receive financial aid from GDS?
- What happens in cases where parents are separated or divorced?
- If I am divorced and remarry, is my new spouse required to contribute to my child's education?
- If I decide to attend graduate school while my child is at GDS, will our financial aid award be increased?
- If I should suffer an unexpected financial setback during the course of the school year, will GDS adjust my child's financial aid award?
All financial aid applicants must complete the TADS worksheet for financial aid. Families must also submit electronically, by fax, or by mail directly to TADS a complete copy of the previous year's tax return and W-2 forms. Parents who own their own business are required to submit the appropriate business returns as well.
Financial aid awards at GDS are in the form of direct grants that require no repayment. Financial aid awards can range from $2,000 to full tuition. The average award is approximately $28,000.
Although the School does not offer loans to families, parents may spread their tuition payments throughout the academic year. Detailed information about payment options is available from the Business Office and is included with letters of acceptance.
GDS financial aid awards are based solely on need, which is defined as the difference between the actual cost of a year’s tuition and what a family can realistically expect to pay toward that cost. GDS does not offer academic, athletic, or other non-need-based scholarships. TADS processes the information you provide on the parents’ financial statement to determine what you can afford to pay for your child’s education. TADS balances income, assets, liabilities, family size, and the number of children you have in schools that charge tuition against taxes and living costs in making its recommendation. GDS uses the TADS recommendation as a guide to determine the School’s award and your family’s contribution.
Our commitment to admitting qualified students regardless of a family’s economic circumstances means that the Admissions Committee makes its initial decisions without awareness of an applicant’s financial need. Ultimately, our financial aid resources, while generous, are limited—the Financial Aid Committee must make financial aid decisions within the limits of the budget, and the Admissions Committee must then assess final decisions that do take into account our available financial aid resources.
Yes. Because your financial circumstances may change, you must reapply for aid each year. If there is no significant change in your circumstances, you can expect to receive approximately the same level of support (adjusted for tuition increases) from year to year. Returning families who either currently receive aid from the School or are applying for aid for the first time must submit financial aid applications in December.
Yes. When the School Administration recommends tutoring or an educational evaluation for a financial aid recipient, the student may be entitled to receive assistance, depending on the level of need. In such cases, the family should contact the Director of Enrollment Management & Financial Aid to request financial support.
GDS expects both parents to supply financial information and to contribute to the cost of their child’s education. Parents who find themselves in unusual circumstances should contact the School’s chief financial officer.