Tuition Adjustment Program
EBI promotes diversity in all of its forms. Because we are committed to supporting socio-economic diversity in our school and community, EBI offers a generous need-based tuition adjustment for qualified students. Ranging from 5% to 80% of tuition, we provide financial support to over 30% of our students.
Parents’ Financial Statement (PFS)
Like many other independent schools, EBI uses the Parents’ Financial Statement (PFS) from the School and Student Service for Financial Aid (SSS) to determine a student’s eligibility for tuition adjustment. Check out the SSS Family Guide to Financial Aid to better understand the tuition adjustment process or EBI’s Tuition Adjustment Program Policies for a complete explanation of how we assess the amount of tuition adjustment for qualified students.
How to Apply for a Tuition Adjustment
Complete the Parents’ Financial Statement (PFS)
Complete the Parents’ Financial Statement (PFS) online at sssbynais.org and have a report sent to EBI. EBI’s school code is 4271. Contact SSS at 1-800-344-8328 if you have any questions about how to complete this form. There is a fee to submit this form to PFS. If you need a fee waiver for your application, SSS will automatically assess the financial information in your PFS application and apply the waiver if your family meets their criteria. Your PFS must be completed by January 17, 2020.
Complete and upload the following:
- 2018 tax return (IRS Form 1040) and associated schedules
- All 2018 W2’s to the SSS or other support for 2018 income
- IRS Form 4506T (complete 1-5 on form and sign)
If Step 1 and Step 2 are not completed by January 17, 2020, your application will not be processed.
Complete and upload the following documents by April 15, 2020:
- 2019 tax return (IRS Form 1040) and associated schedules
- 2019 W2’s, 1099’s or other support for 2019 income
Step 3 must be completed by April 15, 2020 for your award to be finalized and processed. EBI will notify recipients of tuition adjustments along with admissions decisions on March 15, 2020. Current EBI families will be notified in early February.
In the case of divorce or separation, EBI requires both parents/guardians to contribute to the payment of their child’s tuition regardless of legal agreements. A student’s custodial and non-custodial parents, as well as their current partners/spouses, are expected to submit the Parents’ Financial Statement and IRS Form 4506.