Financial Aid at Oak Knoll

Oak Knoll School of the Holy Child believes that qualified students should be able to attend, regardless of their family’s financial circumstances. We know that the total cost of an Oak Knoll education is significant, and we are committed to making the experience affordable through our financial aid program. Oak Knoll awarded over $2.4 million in financial aid to new and current families for the 2020-2021 school year.

While Oak Knoll is committed to providing financial assistance to those who qualify, the school seeks students from families committed to using their own resources to make education a first priority. We believe that parents have an obligation to provide for their child’s education within their means.

The financial aid application process is hosted through the School and Student Services (SSS) Family Portal.* Financial aid is awarded on the basis of demonstrated financial need. Oak Knoll considers the total financial aid budget, the school’s policies and priorities, and the needs of the entire applicant pool when awarding financial aid. All information received by The Oak Knoll School Financial Aid Office is held in the strictest of confidence.

We encourage you to review the SSS Family Guide to Financial Aid and the How to Apply instructions before beginning the SSS application process. These guides provide helpful information about how to complete the Parent Financial Statement (PFS) and important guiding principles for families in the financial aid process.

*Current Oak Knoll Families: please note that the financial aid application is now hosted through the SSS Family Portal. All current families must use SSS to apply for financial aid.

Applicant Families: If you are required to send your financial aid application to a school utilizing the TADS Financial Aid application, please follow this link to only fill out one form.

Financial Aid Application Process

The SSS Application is now available! To complete the Financial Aid Process for consideration at Oak Knoll School, early preparation of your 2020 income taxes will be required.

  1. Read and Complete the SSS Financial Aid Workbook and Instruction Booklet.
  2. Complete the SSS Financial Aid Application by specific deadlines as noted below.
  3. Upload supporting documents directly to SSS by the required deadline.

Prospective Families

Deadline to submit the SSS Financial Aid Application is no later than December 4, 2020.

December

  • 2018 and 2019 filed federal income tax return (includes 1040, all attachments and W-2s).
  • One month of most recent paystubs.

February 1

  • 2020 W-2s

March 15

  • 2020 filed federal income tax return (includes 1040, all attachments and W-2s)

*Please note: We can provide initial grants based on 2019 tax information; however, we must receive your 2020 forms no later than March 15, 2020. Oak Knoll reserves the right to adjust your grant based on any subsequent tax information received after the deadline.

Deadline to submit the SSS Financial Aid Application and initial supporting documents is January 6, 2021.

January 6

  • 2018 and 2019 filed federal income tax return (includes 1040, all attachments and W-2s).
  • One month of most recent paystubs, including December 2020

February 1

  • 2020 W-2s

March 15

  • 2020 filed federal income tax return (includes 1040, all attachments and W-2s)

*Please note: We can provide initial grants based on 2019 tax information; however, we must receive your 2020 forms no later than March 15, 2020. Oak Knoll reserves the right to adjust your grant based on any subsequent tax information received after the deadline.

Current Families

Families must reapply for financial aid each year. The deadline to submit the SSS Financial Aid Application and initial supporting documents is January 6, 2021.

January 6

  • 2018 and 2019 filed federal income tax return (includes 1040, all attachments and W-2s).
  • One month of most recent paystubs, including December 2020

February 1

  • 2020 W-2s

March 15

  • 2020 filed federal income tax return (includes 1040, all attachments and W-2s)

*Please note: We can provide initial grants based on 2019 tax information; however, we must receive your 2020 forms no later than March 15, 2020. Oak Knoll reserves the right to adjust your grant based on any subsequent tax information received after the deadline.

Deadline to submit the SSS Financial Aid Application and initial supporting documents is January 6, 2021.

January 6

  • 2018 and 2019 filed federal income tax return (includes 1040, all attachments and W-2s).
  • One month of most recent paystubs, including December 2020

February 1

  • 2020 W-2s

March 15

  • 2020 filed federal income tax return (includes 1040, all attachments and W-2s)

*Please note: We can provide initial grants based on 2019 tax information; however, we must receive your 2020 forms no later than March 15, 2020. Oak Knoll reserves the right to adjust your grant based on any subsequent tax information received after the deadline.

FAQs: Financial Aid

A: Oak Knoll has a need-blind admission process, so a student’s financial need plays no part in the admission decision. Families apply for admission and financial assistance concurrently, but they are separate processes. All financial assistance applications are kept strictly confidential, and do not influence admissions decisions. However, the school has limitations to the amount of total financial assistance that can be granted, and not every student who applies for financial aid will receive an award. All financial assistance decisions are considered to be confidential agreements between Oak Knoll and the recipient family and must be treated accordingly by both parties.

A: The 2021-22 application for financial assistance will be available through the School and Student Services (SSS) Family Portal on November 1, 2020. The application deadline for is January 6, 2021. (Applications received after the deadline will be reviewed only if there are funds still available.) The online application for financial assistance is separate from the admission application but should be completed concurrently. Families who complete the financial assistance process by the necessary deadline will receive notification of an award within a few weeks of their letter of acceptance or re-enrollment agreement.

A: Any family in grades K-12 can apply for need-based financial assistance. In the 2020-2021 school year, approximately 18 percent of Oak Knoll students received a financial assistance award. Oak Knoll expects families applying for aid to use all available financial resources to contribute to their child’s education. These resources include, but are not limited to discretionary income, student assets, and support from relatives.

A: Oak Knoll uses the calculations provided by School and Student Services (SSS) as a starting point in determining the financial aid award. Factors used in the calculation include, but are not limited to, income, assets, medical expenses, educational expenses, retirement plans, alimony/child support, daycare/eldercare expenses, and other annual expenses. All adult family members are expected to participate in paying for tuition. This expectation is regardless of any legal agreements including custody, prenuptial, alimony or child support. Please note that Oak Knoll is not able to fund the full financial need of every applicant, and families can expect to pay some portion of the tuition, even if they qualify for financial assistance. Please review the SSS guiding principles for families in the financial aid process for further details.

A: Any family in grades K-12, who feels they need financial assistance, is invited to apply.

A: In the case of parents/guardians who do not live together (e.g., divorced, separated, never married), each parent/guardian household must complete the SSS process in order to be considered for a financial aid award. Oak Knoll expects that both parents and all adults who are financially responsible for a student contribute to the cost of a student’s education regardless of legal agreements. Resources from both parents and stepparents, regardless of custody or other legal issues, are considered when determining a family’s ability to pay. Oak Knoll awards a single grant to the student; it is the responsibility of the parents to determine a payment schedule.

A: As part of its calculation, SSS takes into consideration any children at other tuition-charging schools and gives some allowance for those expenses. Oak Knoll expects families to apply for all financial funding available to them from any other schools their children attend, including college/university. Oak Knoll excludes the cost of a parent’s schooling or siblings seeking graduate degrees from the determination of financial need.

A: Oak Knoll expects a family to use all available financial resources to contribute as much as they can to tuition. All parents are expected to be employed with the exception of a family with children under the age of five or caring for an elderly parent in their home. Oak Knoll will impute a salary for a non-working parent who does not qualify to be at home full-time.

A: In order to make fair, informed, and timely decisions for all families it is critically important to adhere to the established deadlines. However, when a family is unable to obtain all necessary tax information by the financial assistance deadlines, a provisional Form 1040 may be submitted. Of course, all awards will be subject to verification of the official Form 1040 information. Families who submit late applications for assistance may receive reduced awards, reflecting the remaining budget at that time.

A: Every family must reapply for financial assistance each year and meet all stated deadlines. If the current financial picture for the family changes, or if a family does not meet the application deadlines, it is possible that the amount of assistance awarded may be adjusted.

A: All financial aid information is highly confidential, and only seen by the Director of Enrollment Management and Financial Aid and members of the Financial Aid Committee. Members of the Financial Aid Committee know which families apply and will see the final award amount. Faculty members and other School employees are not privy to any financial materials, nor are they aware of which families apply for and receive financial assistance.

A: Families of enrolled students who do not currently receive financial aid should contact the Financial Aid Office to inquire about applying for assistance, if financial circumstances have changed.

A: Families who apply for assistance but do not qualify have several options, including a variety of payment plans. Additionally, low interest loans are available. Please visit the our Tuition webpage for more information.

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