How do I apply for Financial Aid?
Financial aid is available for new & returning students entering grades K-12. Please note, tuition assistance is not available for pre-kindergarten and international students.
What is the deadline to apply for Financial Aid?
We give preference to all returning families who apply for financial aid for the 2021–2022 school year by January 15, 2021. For new families, submit your financial aid application when you apply to MCDS. All families, both new & returning, can apply after the deadline. Our financial aid budget is finite, and awards are made on a first-come, first-served basis.
When will I hear about my award?
We usually process awards within 10 business days of the application completion. We may not be able to process your application without your tax return. If more documents are required, you will hear from the school. Please make sure you submit all documentation requested. Your application will be processed once we receive all the documentation, and once your student(s) have been accepted to the school. You are always welcome to email firstname.lastname@example.org to check on the status of your application.
Can you estimate what my award will be?
The only way to determine your award is to apply. Each family’s situation is different. We are not able to give you an estimate without seeing your full application materials. Our tuition award percentages range from 1% to 95%.
Can I rely on receiving the same award each year?
Each FA recipient needs to reapply each year for financial aid. All financial aid awards are only for the upcoming school year. MCDS is committed to our returning families and seeks to update award amounts each year based on the tuition increase, the approved FA budget for the school, family income changes, or other special circumstances. However, we can’t guarantee your award we stay the same from year to year—although most families see a similar award to prior years.
Who will know about my award?
Confidentiality is strictly observed by MCDS for all financial aid matters. The only people at MCDS who see your information and award are the Financial Aid committee and the Business Office. We also ask that families not discuss their awards with others in order to preserve the confidentiality of the process.
My taxes aren’t done for this year. How do I complete my application?
We can accept your most recent tax returns, even if it’s from a prior year. If you do not file US or state tax returns, please contact us to discuss what documentation will be required: email@example.com.
I am a business owner. How will you account for that?
MCDS appreciates the unique financial situation that business ownership can create. We have many aid applicants who are business owners, and there are questions on the application that apply only to business owners. If you have a unique business ownership situation that you feel was not represented on your application please contact us: firstname.lastname@example.org.
I am a single parent. How do I file my application?
All legal parents and step-parents, whether they are custodial or not, must complete the application. They can do so together or individually. In certain situations we can accept an application from only one parent:
- The second parent is deceased
- The first parent supplies an official court document stating that the second parent does not contribute toward educational expenses and does not participate in educational decisions for the student(s).
If a single parent has remarried, both the parent and the step-parent must include their information on the application.
If these or any other custodial or legal situations apply, we encourage you to contact email@example.com to discuss your situation and how to proceed.
What happens if my financial situation changes during the year?
MCDS is committed to our families. We will work with you to help manage your school account should your financial situation change. We may be able to provide custom payment plans or additional financial aid to cope with an unexpected change. If you experience a financial situation change, please contact firstname.lastname@example.org or the Business Office to confidentially discuss your situation.