Lincoln School Financial Aid Mission:
Lincoln School seeks to enroll a diverse and talented student body from Nursery through grade 12. Lincoln believes that qualified students should have the opportunity to attend an independent school regardless of their family’s financial situation.
Lincoln School Financial Aid Policy:
Lincoln School follows the “Principles of Good Practice for Financial Aid Administration” set out by the National Association of Independent Schools (NAIS). The School’s financial aid program provides the opportunity for admitted students whose families need financial assistance and view education as a priority to attend Lincoln. Families should expect to contribute to their child's educational costs at the highest possible level given their economic situation.
To be eligible for financial aid at Lincoln School, a family must demonstrate financial need based on criteria established by the School and Students Service (SSS) for Financial Aid. The completed application provides a comprehensive review of a family's finances.
In cases of divorce or separation, Lincoln requires information from both natural parents and any stepparents. Each parent must complete and submit a Parents' Financial Statement (PFS) before the Financial Aid Committee will consider a candidate’s eligibility. The family's ability to contribute is based in both natural parents' and any stepparents' income and assets as well.
Lincoln Schools Financial Aid Committee reviews the accepted students’ application, the SSS calculation, and a copy of the family's signed federal tax return (Form 1040) and W2’s. If a family owns a business or farm, you must submit a SSS Business or Farm Statement. Final aid decisions are based on the committee's assessment of an applicant's needs and the budgeted funds available and are not final until the most recent tax returns are submitted.
Families must reapply for Financial Aid each year using the same assessment process. Awards may increase or decrease from year to year based on a family’s financial situation and the available Financial Aid budget. Information reviewed by the Financial Aid Committee and discussions within committee meetings are strictly confidential.
Please note: The Financial Aid Committee may not grant financial aid if the applying family has an overdue account with the school.
Lincoln School does not discriminate on the basis of a student’s race, color, religion, national or ethnic origin.
How to apply for Financial Aid?
Click here for the reference sheet
Lincoln School uses School and Students Service for Financial Aid (SSS) to determine financial aid awards and to collect documentation. In addition to submitting an application, families must provide copies of the most recent filed and signed 1040’s tax returns and supporting schedules, W-2's, and a Business/Farm Statement if appropriate. The below steps outline the financial aid application process.
Financial Aid Applications Steps:
Go to http://sss.nais.org/parents to complete and submit
- A signed copy of your completed 2012 tax return (including all schedules if applicable) by November 1, 2013 (These can be uploaded on your 2012 application).
- The Parent Financial Statement (PFS) form by December 1, 2013 (The SSS website opens on November 1st) in order to receive a preliminary financial aid award when re-enrollment contracts are sent.
- A copy of your 2013 W2’s and/or 1099’s no later than February 15, 2014 in order to confirm your final award (if you estimated your salary and wages on the PFS you will need to update this when you receive your 2013 W2’s and /or 1099’s).
- Signed copies of completed 2013 tax return can be uploaded at your convenience to your 2014-2015 PFS application.