Financial Aid
OVERVIEW


Jemicy School, under the guidance of the Board of Trustees, is strongly committed to offering need-based financial aid to students who may benefit from our academic program and whose families qualify for financial assistance to help with the cost of tuition. Funds for financial aid are generated from endowment income, grants, and the generosity of many donors who have a particular interest in supporting students with financial need. The School’s Financial Aid Committee awards grants based upon careful review of each family’s financial aid application and the recommendations of School and Student Services (SSS) by the National Association of Independent Schools (NAIS). As a result, financial aid awards reflect each family’s unique circumstances, vary in size, and may change from year to year depending upon the factors outlined below. All financial aid information provided by families is kept strictly confidential.
Factors Considered In Determining
FINANCIAL AID AWARDS
  • Awards are based both on the funds available and on each family’s need relative to the needs of others applying.
  • The committee considers the finances of all family members including parents, step-parents, guardians, domestic partners, and other relatives when applicable.
  • Total family income, assets, expenditures, and economic lifestyle choices are included in financial aid calculations.
  • Jemicy expects both parents of financial aid applicants to be employed full-time unless there are very young children at home or other circumstances preventing employment.
  • The committee considers the impact of siblings enrolled in other tuition-charging institutions.
  • Jemicy addresses the needs of its returning families prior to reviewing the needs of families with prospective students.
Financial Aid
POLICIES
Jemicy abides by the National Association of Independent Schools (NAIS) Principles of Good Practice for Financial Aid Administration and the guidelines of the Association of Independent Maryland Schools (AIMS). Consistent with these principles and guidelines is that parents have an obligation to contribute financially to their child’s education to the extent that they are able to do so.
  • Every family, regardless of need, is asked to contribute a portion of tuition costs.
  • Divorced Parents Policy: In the case of divorce, both parents are required to complete a financial aid application regardless of custody or legal financial arrangements. The Financial Aid Committee will consider the assets of both parents before making any award decision. In situations where the custodial parent has remarried, the committee will also consider the assets of the step-parent within the context of the step-parent’s financial obligations to his or her own children.
  • Documentation Policy: The Financial Aid Committee requires financial documentation from parents, guardians, domestic partners, and step-parents before making any award decision. These individuals may submit their financial information together on one application, or they may choose to submit the required information by completing separate financial aid applications.
  • Full Pay Families Applying for Financial Aid in Subsequent Years: When families choose to enroll a student at Jemicy and pay tuition in full, it is the School’s understanding and expectation that the family will continue to do so in subsequent years. If there is a significant, unanticipated change in a family’s financial circumstances after enrolling a student at Jemicy, the Financial Aid Committee will consider a subsequent application for aid. The Committee will require submission of tax returns and supporting documentation from the current year and the two years prior to the application year. Unless a significant change can be demonstrated clearly in the required documentation, the family will not be eligible to receive financial aid.
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