Financial Aid Information, Guidelines, and Procedures

The total amount of financial aid granted each year is determined by the School Committee which is the governing body of Moorestown Friends School.

GENERAL INFORMATION

1.  Determination of Tuition Aid  --  Grants are awarded by the Financial Aid Committee.  It is composed of the Head of School, the Director of Admissions and Financial Aid, and the Director of Finance and Operations, in consultation with the Division Directors.  All information submitted in support of such applications is strictly confidential.

2. Basis for Grants  --  A family’s financial need is the primary consideration in determining awards.

3.  Limitations  --  Grants are not transferable from one child to another in the same family.  Beginning in Grade 9, the first $1,000 awarded is in the form of a loan with the remainder of the award in the form of a grant.  Grants are applied only to tuition costs and all awards are made on the basis of yearly application.

4.  Conditions --    A financial aid request will be considered by the Financial Aid Committee on the condition that the following requirements are met:

a. The student is enrolled for the school year for which the financial aid request is made and the enrollment deposit has been paid.

b.  In the case of students presently enrolled, all current financial obligations to the School have been paid.

AWARDING PROCEDURES AND RESPONSIBILITIES

1.  Due to the increased number of requests for financial aid, it is important to submit the completed paperwork by April 1 .  Grants are made by the Financial Aid Committee at meetings in April.  Letters will be sent confirming awards shortly after these meetings.

2. The enrollment deposit is refundable only if a family determines that the financial aid award is not sufficient to permit the child to attend MFS. Within two weeks of notification of the financial aid award, the school must be notified in writing to that effect before the deposit can be refunded.

For more information, contact the Admissions Office via e-mail or by phone at 856-235-2900.

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