Financial Aid Statement
The primary responsibilities for financing independent school educational costs rest with the family. Mizzentop Day School believes that its best approach to its mission of welcoming students and families of diverse backgrounds is by committing to a tuition assistance program for those families that demonstrate financial need.
The Financial Aid Committee consists of the Head of School and two other administrators. Their decisions, with names removed, are subject to review by a non-parent Trustee. This committee makes the final determination regarding financial aid awards; no other member of the MDS community is aware of financial aid decisions. All financial aid decisions are made independent of admissions decisions and are determined solely by a family’s demonstrated need and within the constraint of the financial aid budget.
All information considered by the Financial Aid Committee shall be considered as and kept as confidential to Mizzentop Day School, Financial Aid Committee members, and ISM’s FAST online application process. The Financial Aid Committee will review all financial aid applications with awards being distributed based on each of the following policy goals:
- Relative “neediness” of the family within the context of the application pool and financial aid funds available.
- Financial aid awards for any one family may not exceed 40% of annual tuition.
- Financial aid is granted for one year only.
- Currently enrolled Mizzentop Day School students must reapply annually for the next academic year and do so no later than the last day in February. They will be given priority when determining financial aid awards.
- Financial aid awards will not be considered for students entering Pre-Kindergarten.
- Both parents are expected to contribute to tuition.
- In the case of divorce or separation, Mizzentop Day School requires both parents to file an application for financial assistance. Mizzentop Day School is not bound by any divorce agreement specifying a parent’s responsibility for educational expenses.
Mizzentop Day School believes a family should invest in their child’s education before elective expenses.