Emergency Need-Based Financial Aid Fund
Purpose of the Fund
This Emergency Need-Based Financial Aid Fund has been created to help students and families who have been impacted financially by the recent COVID-19 pandemic and resulting economic situation. Funds awarded will be used to offset the cost of tuition for the 2020-2021 school year. Participation in this one-time emergency fund does not guarantee eligibility for financial aid in the future.
Deadline and Notification Dates
- May 8, 2020: Deadline to submit Parent Financial Statement (PFS) to SSS with required documentation and fill out Financial Aid questionnaire (linked below in #3).
- May 22, 2020: Emergency Fund Award notifications are sent out.
- Complete the TNCS Emergency Need Based Financial Aid Questionnaire at this link: https://forms.gle/QzBiUxguUJzbg23s5
- Visit the School and Student Services portal at https://sss.secure.force.com/familyportal. If you have not already done so, you will need to create a Family Portal account using your email address and password. The code for The New Community School is 5304.
- Prepare digital copies of the following documents to be uploaded to the SSS portal:
- IRS Form 1040 for 2019 tax year
- W-2 or IRS Form 1099 for 2019 tax year
- Last Paycheck Stub for those that lost their job due to Covid-19 (submit as “other document”)
- Schedule C or C-EZ for 2019 (if applicable)
- Corporate Taxes for 2019 (k1, 1065, 1120s) (if applicable)
- Current Balance Sheet/P & L for those whose business has closed due to Covid-19 (if applicable)
- Complete and submit the Parent Financial Statement (PFS) in SSS using your estimated income (as best you can) for 2020 in the 2019 column and repeat that number in the 2020. Because this system is not intended for mid-year applications, we are asking you to put the 2020 info in both columns. See the screenshot below:
Note: If you have already applied for Financial Aid for the 2020-2021 school year, you will only need to update your 2020 income estimates in SSS and ensure your documents are complete.
Frequently Asked Questions
Who can apply for emergency need-based financial aid?
This application is open to all families enrolled for the 2020-2021 school year who have been deeply impacted by the Covid-19 pandemic. However, qualifying for financial aid does NOT guarantee a grant given the emergency funds are limited.
What does emergency need-based financial aid cover?
This grant covers a percentage of tuition costs.
How much is a typical emergency grant?
Emergency need-based financial aid grants vary in amounts and take into consideration additional factors including, but not limited to, time of lost income anticipated, cost of living, home equity, other income, number of children in tuition-charging institutions, payments to pension and retirement plans, discretionary spending, and student assets.
How long does it take to complete the PFS?
We recommend setting aside 2-3 hours to complete the application. You may start, save, and return to the application at any time.
What is the policy regarding parents who live in separate households?
We expect both parents to financially support their child’s education, which requires both households to complete the PFS and submit tax returns. If either parent has remarried, the spouse’s contributions will also be taken into consideration.
How are stay-at-home parents considered when applying for need-based financial aid?
In the interest of equity, if one parent elects to stay at home and not seek employment, the Financial Aid Committee will impute a basic income for the non-working parent. Exceptions are made for parents that are caring for a non-school age child or an elderly parent.
Who should I contact for additional questions?
If you have specific questions that is not addressed above please contact Joy Buzzard, Director of Finance and Operations at (804) 266-2494, ext. 2211, or firstname.lastname@example.org.