Financial Aid Deadlines
January 15, 2018
Complete Parents’ Financial Statement (PFS) Online.
March 1, 2018
Upload your completed 2017 tax return and W-2s via your PFS account. Mail your completed 4506-T form to Nobles. You can download the form from the IRS website.
March 10, 2018
Financial Aid award letters are mailed to families.
Apply for Financial Aid
If your family is interested in applying for financial aid, please follow the process that is outlined below.
1) Submit Parents’ Financial Statement (PFS) Online
The PFS must be completed by January 15 so that your family can be considered for financial aid.
If you are applying for the first time, you must create an account; if not, use your existing login and password. Begin a PFS for academic year 2018-19. As a reference guide, we recommend that you download the PFS Workbook and Instruction Booklet. You can log out of PFS Online and then return later to complete your PFS.
Additional documentation such as 2017 W-2 forms and completed tax returns can be submitted at a later time. If you have more than one child applying to Nobles, you only have to complete one financial aid statement.
If you are a current Nobles family not receiving aid, please contact Nan Bussey via email at email@example.com before moving forward in the application process.
For parents who are separated, divorced or were never married, Nobles requires that each parent file a PFS along with additional tax documentation. Parents can be assured that all financial information received from one parent will not be shared with the other.
The fee of $49 is nonrefundable. Once you have paid for and submitted your PFS, our office will receive your information.
After you submit your PFS, you can go back and upload additional documents as well as view your Family Report, which summarizes the information we will receive.
2) Upload tax documents to PFS
You must upload additional tax documentation with your PFS online by March 1. You will need your 2017 Federal Income Tax Return 1040 with all related schedules and all W-2 forms.
3) Complete the 4506-t form
You must mail your completed form to Nobles by March 1. You can download the form from the IRS website.
Financial aid award letters are mailed on March 10. For those who are eligible, you will need to submit your acceptance by April 10.
Want to start the financial aid process?
How Financial Aid Works
Financial aid is awarded based on need. Since financial aid is granted annually, families must reapply each academic year. Upper school recipients who receive financial aid are expected to contribute to their educational expenses from summer earnings. Class I students (12th grade) are asked to contribute $600, Class II (11th grade) $500, Class III (10th grade) $400, and Class IV (9th grade) $300.
How do we determine financial need?
Information from the Parents’ Financial Statement generates an estimated amount your family can contribute to educational expenses. We use this estimate as a starting point to help us make fair and objective financial aid decisions. Home ownership, family size, regional cost of living adjustments and other factors are considered in the evaluation of a family’s ability to pay.
The chart below shows the average amount that families are asked to contribute towards the total tuition, organized by income level. Please note that income is not the only financial information used to determine a financial aid award. Assets, debts, number of children in tuition-charging schools, and other factors are also taken into consideration.
|Income Range||Number of Students||Average Family Contribution|
If your family is not awarded financial aid for your student’s first year of enrollment, it is likely that your family will not become eligible for financial aid in subsequent years, unless there is a significant change in your family’s annual income and assets.
If our family is eligible, how much financial aid is awarded and what does it cover?
When determining a financial assistance award, Nobles considers the total cost of attendance. In addition to financial aid for tuition, Nobles gives an additional $1,000 in aid to help cover other fees which can include textbooks, athletic equipment, field trips, school social events, etc. Financial aid is also given for optional programs such as instrumental lessons.
Financial aid awards will vary based on your family’s demonstrated need. Nobles is committed to fulfilling 100% of each family’s demonstrated need. Awards can range from $1,000 up through the entire cost of tuition and additional expenses. The average direct grant is $37,200.
Other types of awards will vary, but we strive to help make an independent school education affordable to all families (including middle income families who think they might not qualify).
Questions about financial aid?
Bills and Payment
Tuition is due twice yearly (July and November) and financial aid is applied equally to each bill. Through FACTS Management Company, families have the option of spreading out their payments over 10 months.
Families who are interested in education loans can contact the Your Tuition Solution. Your Tuition Solution is a program of Springstone Financial, LLC based in Westborough, Mass., that provides low fixed rates, low monthly payments, no application or origination fees, no prepayment penalties and the opportunity to increase the original amount in future years to keep payments affordable. For more information, visit their website at www.yourtuitionsolutions.com.