Allowances are made for certain taxes, medical costs and unusual expenses. Francis W. Parker offers financial assistance to admitted applicants on a need basis. The organization provides a common base by which each family's needs can be measured fairly and equitable. Francis W. Parker also requires a copy of the application and a copy of the parents' past year's Federal Income Tax 1040, all accompanying schedules, and W-2 forms in order to complete the family's financial aid file. These documents and the information you and SSS provide are held in strict confidence and shared only with the members of the Financial Committee.
Net income is just one of the factors used in making financial aid decisions.
Assets, debts and number of dependents have a considerable influence on the process. The School and Student services analyzes your financial statement and recommends an amount your family should be able to afford for education expenses. Within the limitations of our budget and according to our own financial aid policies, the school uses the SSS recommendation in determining the financial aid to be offered. The school makes every effort to meet the financial needs of the applicants. However, because requests for aid often exceed available funds, it is important to submit an application for financial aid by January 31st.