Gann Academy -- Financial Aid FAQ

Financial Aid FAQ

How much is Gann Academy tuition for the 2007/2008 school year?

	Tuition for the 2007/2008 academic year is $24,650. Tuition for the 2008/2009 academic year will be set in January 2008.
	Do I have to pay full tuition in one payment?
	No. Gann Academy offers three methods of payment. Annual Payment — Full payment due in June Semi-Annual Payment — 55% due in June and 45% due in December Monthly Payment — Ten equal payments June through March A $1,500 non-refundable deposit is due with your child’s enrollment contract in early April.
	If my child decides not to attend Gann Academy, can I get my deposit back?
	The deposit and application fee are non-refundable.
	Who can apply for financial aid at Gann Academy?
	Any student who is enrolled in or applying for admissions to Gann Academy may apply for financial aid.
	Does applying for financial aid affect admission to Gann Academy?
	No. Admission to Gann Academy is need-blind. Financial circumstances have no affect on admission to Gann Academy.
	How does my family apply for financial aid?
	New families receive a financial aid application with the admissions application packet. All forms including a Parent Financial Statement (PFS) must be completed and submitted by the deadline of January 31, 2008. More details regarding the application process can be found in the Financial Aid Newsletter enclosed with the financial aid application packet.
	Is financial aid dependent upon my family having a certain income level?
	No. There is no minimum or maximum income requirement to apply for financial aid at Gann Academy. The IST Committee reviews your family’s entire financial situation including but not limited to the number of children you have, the value of your home, investments, income, other family dependents etc. All of these factors together with the School and Student Services for Financial Aid (SSS) report help the Committee determine the amount of aid for which your family qualifies.
	Will my family qualify for assistance?
	Each application is carefully reviewed and an individual decision is made based on all available information. It is difficult to offer general guidelines for eligibility. The school expects that each family contribute as much as possible toward the cost of tuition. All families considering requesting assistance are encouraged to complete the application process. The school is unable to determine a qualification for aid without a complete application.
	What percentage of students receive financial aid from Gann Academy?
	Approximately 1/3 of Gann Academy students receive financial assistance each year.
	What about financial aid if I am separated, divorced, or never married?
	Gann Academy requires that both parents complete a financial aid application to determine the family’s ability to pay for tuition. The school considers the financial resources of all living parents, stepparents, and domestic partners, and requires the cooperation of all parties before financial aid awards are determined. This information is collected in an attempt to determine the ability, not the willingness, of all parties to financially support the education of their child/ren. The school is not bound by any disclaimers of financial responsibility or legal arrangements that may bind either parent. Gann Academy does not act as an intermediary between parents and asks that all parties involved communicate directly with each other regarding the education of the child.
	What if I am self-employed?
	Parents who are self-employed or own a business or farm should include the IRS Business/Farm Statement with their business tax returns and income tax returns.
	Do I need to complete multiple financial aid applications if I have more than one child applying to Gann Academy?
	You may complete one financial aid packet for all children in your family who are applying to or already attend Gann Academy.
	How will I find out if my family will receive financial aid?
	You will receive an assessment letter from the school in March 2008.
	Who do I contact if I have additional questions?
	For detailed financial aid questions or concerns, please contact Christine Miller, Director of Finance and Operations. For questions regarding forms or to request an additional packet, please contact Rebecca Kadden, Finance & Operations Associate. Admissions inquiries should be directed to Orna Siegel, Director of Admissions.