Frequently Asked Questions about Financial Aid
Will my child’s admission be affected if we apply for financial aid?
The first decision Brookwood makes is to determine if your child will be successful at Brookwood School. Once the application file is complete, the Admissions Committee meets to determine which students will be accepted then the Financial Aid Committee meets to allocate aid and offers grants to those students who have been accepted. It is possible that students who have been accepted will not receive a financial aid grant because the limited financial aid funds have been allocated.
What determines whether or not a student qualifies for financial aid?
All financial aid grants are based on financial need. Each request for aid is assessed individually; Brookwood uses SSS (School and Student Service) to process financial data. The need assessment is based on family income and certain expenses, assets and liabilities, family size, parents’ age and the number of children attending tuition charging schools. Each year families qualify for more financial aid than is available. Those families who do not receive aid will be placed on the financial aid wait list according to the family’s request.
After receiving a financial aid grant, do we need to reapply each year?
Yes, because family finances can change, families must apply for financial aid each year. Unless there is a significant change in a family’s financial situation, the Financial Aid Committee strives to award a level similar to the previous year’s grant.
Does Brookwood offer merit scholarships?
All Brookwood students are admitted on merit. There are no financial rewards for merit.
Do financial aid grants cover the full cost of tuition?
No. The Financial Aid Committee makes the grant decisions for each family based on need. There are no students at Brookwood who receive a “full ride”; each family contributes financially according to their ability to do so.
How do I apply for financial aid if I’m separated or divorced?
Both custodial and non-custodial parents are required to contribute to the cost of a Brookwood education based on demonstrated ability. The non-custodial parent must also complete all aspects of the financial aid application process including submitting SSS forms and federal tax returns.
Who can I talk to about affording a Brookwood education?
All admissions families are welcome to call Director of Admissions Lindsay Murphy to discuss the various ways of affording a Brookwood education. Additionally, prospective parents are invited to attend an Information Night: Affording a Brookwood Education on Thursday, January 18, 2018 at 7 p.m.