The Galloway School is committed to admitting qualified students regardless of a family's ability to pay the full cost of tuition. Galloway awarded more than $2.0 million in financial assistance to 15% of our students in grades PreK-12 for the 2020-21 school year. There are a wide range of families who qualify, from those who can afford only minimal tuition to those who can afford almost full tuition. Family annual incomes of up to $200,000+ may qualify for financial assistance consideration, and awards range from $1,800 to $27,700.
The purpose of financial assistance is to enhance and enrich the Galloway community and educational experience by financially supporting students who are particularly well suited for Galloway and who are challenged to attend due to financial limitations. Financial assistance supports Galloway's commitment to inclusiveness as articulated in the school's Diversity Policy Statement. All of our financial assistance awards are based on demonstrated need which is the calculated difference between the amount a family can be expected to contribute to the cost of their student’s education and the amount of annual tuition. We do not provide scholarships for academic, athletic, or artistic merit.
Financial Assistance Process
Galloway uses School and Student Services (SSS), sponsored by Community Brands, to process financial assistance applications. SSS calculates an estimated amount a family can contribute to educational expenses, which is used as a starting point in making fair and objective financial decisions. To be eligible for consideration for financial assistance, families must complete the Parents' Financial Statement (PFS) and must supply all requested information and supporting documentation by the deadline. The PFS and required documents can be submitted anytime after October 2, 2020. Families must apply for assistance annually.
Tax Forms Required/Deadlines
For the 2021-22 year, the PFS and supporting schedules (2019 1040s, W2s, K-1s, business returns, mortgage statements, etc.) are due no later than November 9, 2020 for returning families and February 22, 2021 for new families. All 2020 returns and supporting schedules must be uploaded by July 15, 2021 if enrolling at Galloway. All families that report income from an S-Corp or Partnership must furnish a copy of all K-1s. All parents who hold at least a 25% share in an S-Corp, Partnership or Farm must provide a copy of their business tax return, including all schedules.
Financial Assistance Deadlines
Current families: FA application is due November 9, 2020 & FA supporting documents are due November 16, 2020
Applicant families: FA application is due February 8, 2021 & FA supporting documents are due February 22, 2021