The goal of our financial aid program is to bridge the gap, as best we can with given limited resources, between what a family can reasonably be expected to contribute and what it actually costs to attend Coast Episcopal School. While the School firmly adheres to the principle that the primary responsibility for the costs associated with a student’s education lies with the family, we do understand that financial aid will be necessary to enable some students to attend. Financial aid is offered on a non-discriminatory basis to those individuals who can justify their financial need. Applying for financial aid will not affect admission decisions.
In the case of divorced or separated parents, or parents that have never married, the School considers the income and assets of both parents, custodial as well as non-custodial, before making any award. Financial need is determined by a family’s ability to meet educational expenses, not by a willingness to pay. If either parent has remarried, the School considers financial circumstances of the step-parent, always bearing in mind the obligation of that step-parent to his or her other children. The School cannot be bound by the assertion that one parent has disclaimed responsibility for education expenses. If the non-custodial parent refuses to submit the necessary information to the School, the application for financial aid may not be processed. If one parent is not involved in the child’s life, a statement to this effect from a third party who is aware of the situation in a professional capacity (a lawyer, member of the clergy, school official, social worker) may be substituted for the financial documents from that parent.
Children who are living with grandparents or other relatives will be reviewed on a case-by-case basis. If parents are living and are claiming the child on their tax return, the parents must complete financial aid forms. If other family members have legal custody, forms will be required of the custodians, using his/her financial information. The School requires copies of proof of custody.
All parents who own a business and/or farm will be required to furnish a copy of their current business tax return. They may also be asked to furnish cash flow statements, balance sheets, and any other information relevant.
Any losses due to property and/or equipment depreciation will not be considered when calculating financial need.
For those having formed limited partnerships, families must submit copies of the partnership return and K-1’s.
Every financial aid award is made for one year, and financial aid is approved for families on an annual basis. Each year, and for each child, parents must submit the necessary forms to the School and to SSS. While significant changes in a family’s financial circumstances can impact the Report of Family Contribution (RFC), the goal of the financial aid program is to maintain funding at proportionate levels over a student’s years of enrollment.
Coast Episcopal School reserves the right to amend awards if new information comes to light after enrollment.
Financial aid is available on a first-come, first-served basis. Financial aid applications will not be accepted from any family with any outstanding balance on their account.