Tuition Assistance
Making an Oakcrest School education affordable to as many students as possible is a priority for the school. Oakcrest School offers a limited amount of tuition assistance annually to students in good standing based on demonstrated financial need.
Families requesting tuition assistance are asked to complete the School and Student Service for Financial Aid (SSS) form available from the Admission Office or on line at www.nais.org. They are also asked to send a copy of their completed Federal Income Tax (1040) and supporting documentation to the Business Office, Oakcrest School, 850 Balls Hill Road, McLean, Virginia 22101 by the February 15, 2008 deadline.
Tuition assistance information is included with the offer of admission if all paperwork has been completed by the stated deadline. It is not a factor in the admission process. The Tuition Assistance Committee reviews the SSS application and income tax information provided by the family to make a tuition assistance decision.
Frequently asked questions about tuition assistance are below:
What steps must be taken to apply for tuition assistance?
In order for the school to make tuition assistance decisions in a timely manner, it is important to complete the forms listed below as soon as you have completed your tax return for the calendar year just ended. The following must be completed by February 15th to be considered for tuition assistance:
- Complete and file your Federal Income Tax (1040) and supporting documentation, and submit a copy to Oakcrest.
- Complete the School and Student Service for Financial Aid form and submit prior to February 15, 2008. The form is available from the Admission Office or on-line at www.nais.org.
How many Oakcrest students receive tuition assistance?
Over 25-percent of the students receive tuition assistance.
If I apply for tuition assistance, will it affect my child’s admission?
Admission and tuition assistance decisions are made by two separate committees. A family’s financial circumstances are not included in the criteria upon which individual students are evaluated for admission.
How do I know if my family qualifies for tuition assistance?
Tuition assistance is granted each year on the basis of need. Individual family circumstances that determine a family’s ability to pay may include other assets such as homes, savings, stocks, number of dependents, age of parents, and number of children in schools that charge tuition. Tuition assistance is not awarded solely on a family’s income level.
How does Oakcrest’s tuition assistance decision-making process work?
Oakcrest’s Tuition Assistance Committee reviews the family’s School and Students Service for Financial Aid information, the transcript of tax return IRS 1040 plus attachments including W-2s, and any other appropriate information that may affect need when it evaluates applications for tuition assistance.
What steps must be taken to apply for tuition assistance?
In order for the school to make tuition assistance decisions in a timely manner, it is important to complete the forms listed below as soon as you have completed your tax return for the calendar year just ended. The following must be completed by February 15th to be considered for tuition assistance:
- Complete and file your Federal Income Tax (1040), and submit a copy to Oakcrest,
- Complete the School and Student Service for Financial Aid form and submit prior to February 15, 2008. The form is available from the Admission Office or on-line at www.nais.org.
When are parents notified of Tuition Assistance decisions?
The Tuition Assistance Committee deliberations begin in mid-February. Decisions will be mailed in early March.
Do I have to apply every year for Tuition Assistance?
Yes, families who are enrolled in the School and receive tuition assistance must reapply yearly.
As funding is limited, applications for tuition assistance and/or supporting documentation received after the February 15 deadline can only be considered on a funds available basis.