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Financial Aid

If you believe Moorestown Friends School is the right place for your family, we want to help you be a part of our community! 

With a commitment to creating a diverse and inclusive community, MFS offers over $3.1 million of financial aid to qualified students in grades 1 to grade 12. Applying for financial aid in no way affects the admission decision. Financial aid is awarded on the basis of financial need and almost one-third of our students receive some kind of assistance. The average income of a family receiving aid is about $150,000; the average financial aid award is about $13,500

As a result of the COVID-19 pandemic, the MFS School Committee has approved creation of an Emergency Financial Aid Fund to assist families whose financial circumstances have changed. See information below for more information and to apply for this program.

If you have questions about financial aid at Moorestown Friends School, we encourage you to contact the Admissions Office at (856) 914-4426 or admiss@mfriends.org.

Apply for Financial Aid Now
  1. Go to sssbynais.org/parents
  2. Click on the prompt to begin your Parents’ Financial Statement (PFS). You only have to complete one PFS even if you have several children applying to our school. 
    • For parents who are separated or divorced or have never been married, the noncustodial parent must also complete a separate PFS.
  3. You will be given a password that will allow you to return to your PFS at a later date before submitting it.
  4. You will be given instructions about submitting copies of required backup documents (1040 income tax return(s), all schedules submitted to the IRS with the 1040, both parents’ W-2 forms, Business and Farm Statementif applicable, and the IRS form #4506-T). Your documents will be handled with the utmost level of security. Click here to read more about SSS’s document security.

 

Emergency Financial Aid Application Process
Emergency Financial Aid FAQ’s

Note: All financial aid applications for the 2020-2021 academic year must be filed online.

We would like to do everything possible to make a Moorestown Friends School education available to your child. Since financial aid is limited, it is to your benefit to submit the required information by the deadline.

Awarding 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:
    • The student is enrolled for the school year for which the financial aid request is made and the
      enrollment deposit has been paid.
    • In the case of students presently enrolled, all current financial obligations to the School have been paid.
Emergency Financial Aid

Dear Moorestown Friends School Family,

We hope you and your family are healthy and safe – thank you for reaching out!

Our community has been deeply impacted by the COVID-19 pandemic and our goal is to support families as best we can through these uncertain and challenging times. If you are experiencing financial hardship, we would be happy to provide discreet counsel and offer possibilities for additional support.   

The School Committee (Board of Trustees) has approved an emergency fund for families experiencing extraordinary financial changes. This message contains the steps to take to apply for this emergency aid, as well as some frequently asked questions to help you. As always, we are available to speak with you about your specific circumstances. You’ll find my personal contact information below.

First, we encourage you to consider a few alternatives before applying for temporary emergency financial aid. We want to support as many families as we can, but the fund is limited. Here are some additional options to help relieve the financial stress of this time:

  1. Extend your tuition payments. If you signed up to pay your tuition in two payments, consider extending your payments over 10 months or even 12 months. For more information, please contact Jaime Baker (jbaker@mfriends.org) in the Business Office. 
  2. Delay the start of tuition payments. If a delay of a month or two might help you, the Business Office will consider an extension of the tuition payment deadline with no late fee.
  3. Consider purchasing tuition insurance. Insurance can help defray the cost of tuition in the unlikely case that you need to withdraw your child from the school. The cost of insurance is 1.6% of your annual tuition. For example, insurance for a family with an Upper School student would cost an additional $520. The deadline to enroll is August 1. To find out more, click here

Applying for the Emergency Financial Aid Fund

In order to stretch our aid as far as we can and to provide an equitable process for all families, we ask that families complete or revise the standard financial aid application. Moorestown Friends School uses a separate company to process financial aid applications called School and Student Services (SSS). The application also requires supplemental financial documents as aid is typically awarded based on a family’s prior year tax data of income and assets. Due to the nature of this crisis, SSS will also request additional forms to ascertain the extent of your financial need. We ask that you provide a narrative of your specific situation as not all details can be understood or shown by financial documents. After receiving the new or revised information about a family’s need from SSS, the Financial Aid Committee will allocate the limited emergency aid based on your qualification. 

We also understand that there is much uncertainty at this time. We will review your award mid-year to assess your circumstances. Should your situation change during the coming months or into the next school year, please reach out to let us know.  

We are grateful for our guiding Quaker values that place our trust and hope in the compassion and strength of our community and the unity of our actions and endeavors. We wish you health and grace as we weather this time together. 

Warmly,

Shu Shu Costa
Director of Admissions and Financial Aid
Moorestown Friends School
scosta@mfriends.org

Emergency Financial Aid Application Process
Emergency Financial Aid FAQ’s

Awarding Procedures and Responsibilities
  1. Grants are made by the Financial Aid Committee at meetings. 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 email or by phone at (856) 914-4426.

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