Financial Aid FAQs
- How does the Financial Aid Committee determine a family’s tuition contribution?
- Will returning students receive the same Financial Aid awards year to year?
- Will applying for financial aid affect my child’s chances for admission?
- Can international students apply for financial aid?
- How do parents who are separated, divorced, or never married apply for financial aid?
- What if our family does not need aid this year, but thinks it might be needed in future years?
- Is there a fee waiver for the financial aid application?
When applying for financial aid, parents must complete and submit a Parents’ Financial Statement (PFS). Financial aid awards are then determined through a methodology developed by the National Association of Independent Schools (NAIS), which takes into consideration a family’s gross taxable and non-taxable income, assets, liabilities, unusual expenses, family size, and the number of students in tuition-charging schools or colleges. After allowances for basic necessities and taxes, as well as a cost of living adjustment for the Bay Area, a portion of the remaining funds are considered available for education.
Families receiving financial aid must reapply on an annual basis if they are seeking continued aid. Unless there is a significant change in family income and circumstance, a family can expect their aid award to remain fairly consistent from year to year. As our tuition increases annually, families can typically expect to share the increase with San Domenico.
Admission decisions and financial aid decisions are made separately. However, despite San Domenico’s generous financial aid budget, there is still a greater collective need for aid than our funds can support. Bearing this in mind, families are encouraged (should?) to apply for aid only after exploring other possible means of meeting educational expenses.
San Domenico maintains a philosophy that requires active participation of a student's family in funding this educational opportunity. In instances where parents are separated or divorced, the School requires both parents to contribute to the cost of their child’s education and submit the Parents’ Financial Statement (PFS) through SSS. The School will not be bound by the statement that one parent has waived responsibility for educational expenses. If either parent has remarried, all financial information about the current spouse is to be included in the SSS Application.
Families who enroll at San Domenico paying full tuition are expected to continue doing so throughout their child’s years at the School. Barring a significant change in financial circumstances, families should not plan to apply for aid if they haven’t done so as part of their initial application to San Domenico.