Financial Aid Policies

  1. The Housatonic Valley Waldorf School believes that families have the primary responsibility for financing their child’s education to the extent they can and subscribes to the National Association of Independent Schools (NAIS) Principles of Good Practice for the administration of financial aid. HVWS uses TADS to provide an objective and consistent method of determining a family’s ability to contribute to educational expenses.

  2. Financial Aid is need-based and is available to students in Early Childhood (5-day program) through 8th Grade regardless of race, gender or religion.

  3. Financial Aid awards for re-enrolling families will be based on previous year’s tax returns. Applications must be submitted by December 15. Financial Aid awards for new families are reviewed on an on-going basis at the time of admissions application.

  4. Financial aid is awarded year by year. An application must be submitted each year.

  5. Financial Aid awards typically do not exceed 50% of total tuition and/or 10% of the total annual Financial Aid budget.

  6. Qualification to be considered for need-based Financial Aid is based on calculations applied by TADS. The determination of funding for each student is made by the Financial Aid Committee based on the total amount of Financial Aid available, the financial information provided by the family, and the total number of applications received.

  7. In determining one's ability to pay for tuition, the following are taken into consideration:
  • Calculation of Parental Assets: Assets include, but are not limited to, home equity, other/additional income, payments to pension and retirement plans, discretionary spending.
  • Marital status: In the case of divorce or separation, HVWS requires both parents to file an application for financial assistance. Both parents file the Parent’s Financial Statement (PFS). All current tax returns and supporting documentation are required from both parents. The School is not bound by any divorce agreement specifying a parent’s responsibility for educational expenses. It is felt to be unfair for the School to subsidize a child’s education if one of the parents is able, but unwilling to contribute to his/her child’s tuition. In the case of remarriage, total household income will be considered when determining awards.

  • Employment Status: Once all children in the household are of Grade School age, with the exception of older children with special needs that may prohibit a parent from working, it is expected that both parents contribute to tuition. If a parent makes the decision not to work, the School imputes an annual income for a non-working parent when applying for Financial Aid.

  • Life Style Choices: HVWS believes a family should invest in their child’s education before elective home improvements, secondary home ownership, country club memberships, and expensive car leases/purchases.

  • College Funds or Student Assets: TADS takes these factors into account, by dividing total student assets by the total number of years remaining in a child’s education, including kindergarten through 4 years of college.


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