Financial Aid FAQ

Who can apply for financial aid?

Galloway accepts financial aid applications for grades Pre-K through Grade 12.

Will a request for financial aid influence the admissions decision?

The financial aid and admission decisions are independent of one another.

How much aid is available?

Awards are based on financial need and can vary from a small percentage of tuition to a large percentage of tuition. The Galloway School believes all families should pay a portion of tuition and as such 100% awards are not given. Approximately 15-20% of students receive an award.

Why must the financial aid application be submitted before the admissions decisions are made?

The time and effort required to process and give thoughtful consideration to all financial aid applications dictates the required filing deadlines when the admissions and aid processes finally merge.

What income level disqualifies me from receiving financial aid?

Galloway utilizes School and Student Service (SSS) to process an applicants' financial information according to a standard set of procedures. SSS takes into account many factors, including:

  • Income (both taxable and nontaxable) and expenses
  • Assets (home equity, other real estate, savings, and investments, etc.) and indebtedness
  • Age of parent(s)
  • Family size
  • Number of children attending tuition-charging schools.

Is financial aid renewed automatically?

Awards are granted for one school year at a time. Recipients must re-apply every year and continue to demonstrate financial need to receive an aid award.

Does Galloway award scholarships for academics or athletics?

All financial aid awards are need based only. No other scholarships are granted for academics or athletics.

Do A Better Chance applicants automatically receive financial aid?

Our financial aid program is based on financial need. A Better Chance applicants must go through the same aid application process as others and will receive the same consideration for an award.

When will I be notified if an award is made?

Award letters accompany acceptance letters for new enrollees and are mailed the first week in April.

Will you take last year's tax documents? I haven't done my taxes for this year.

For the 2019-20 year, the PFS and supporting schedules (2018 1040s, K-1s, business returns, state tax returns, etc.) are due no later than February 17, 2019. If you are unable to furnish all the supporting schedules by February 17, you may furnish previous year's (2017) schedules but applications with 2018 tax returns and supporting schedules will be processed first. 2018 returns and supporting schedules must be received by March 1, 2019.

FINANCIAL AID DEADLINE

The financial aid application AND ALL SUPPORTING DOCUMENTS are due February 17, 2019.

HELPFUL LINKS

FACTS Tuition Payment
SSS
IRS

PLEASE NOTE

The Galloway School does not discriminate on the basis of race, color, religion, gender, sexual orientation, national and ethnic origin, age, disability or any other characteristic protected by law in administration of its employment, enrollment, or educational policies, tuition assistance programs or other administered programs.