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Finanical Aid

Laurence School

2010-11 Financial Aid Application Instructions

NOTE: APPLICATIONS MUST BE POSTMARKED BY FEBURARY 5, 2010

 

Certain parts of the application have been redesigned, so please allow sufficient time to fill out all information. Before discussing the application itself, a few items bear mention regarding the overall process. The first such item is that the Financial Aid Committee is sensitive to the type of information collected from your application and, accordingly, will maintain strict confidentiality in its deliberations. Secondly, the Committee endeavors to distribute awards among qualified applicants on the basis of age, grade, performance, lead academics, and behavior that meet the standards and expectations of Laurence School as well as the assessed financial need. Should you feel that the application questions do not fully capture the circumstances affecting your family, please feel free to attach a note or explanation to your application. The Committee will consider all information that is made available. Award notifications will be mailed to you in March.

 

The full application consists of two components; one for the School (Confidential Financial Aid Application, or “CFAA” form) and another that is used by our independent evaluator from whom we seek guidance, called Private School Aid Service (“PSAS”). The PSAS form may also be filled out via their secure web site, located at: https://www.psas.org/onlineapp.aspx. If you choose to fill out the electronic PSAS form, enter 1832 as the school’s “authorization code” at the appropriate step.

 

Before you begin filling out the forms, you will need to collect the following items:

 

  • All 2009 W-2 and 1099 forms from your employer(s).
  • Your completed 2009 federal tax return (e.g., form 1040) and all supporting schedules.  If you have not filed for 2009 yet, you will need a copy of your 2008 federal return and schedules.
  • A check register or similar method for calculating monthly household expenses (e.g., mortgage and rent, insurance, groceries, etc.).
  • Click here for complete printable application packet.

After completion, the CFAA form is mailed to Shawn Shahmiri, Business Manager at Laurence School or may also be dropped off at the Business Office. The PSAS form is mailed directly to PSAS along with a $21 check for the processing fee (unless you submitted your application electronically). Remember to include all necessary supporting documentation as listed on the applications.

 

Families who are currently receiving aid must reapply each year and be current with all prior financial obligations to the School, i.e. tuition, fees, etc. before being eligible to receive assistance for future attendance. Financial Aid applications for each year are evaluated independently and are not considered based on prior history of financial aid for the applicants.

 

If you have any questions about this information or filling out the materials, please do not hesitate to call Shawn Shahmiri in the Business Office at (818) 782-4001. In order for your application to be reviewed, all information must be complete.   Applications received after the deadline, or which are incomplete, will be considered only after our initial awards have been made and will be subject to the availability of funds.

 


 Financial Aid Application

FAQ

·         What if my 1040 form and supporting schedules for calendar year 2009 are not completed?

o        You do not need to rush through your 2009 federal tax return in order to apply for aid. It is certainly helpful if the return is available since it presents your most recent financial information. However, if it is not available before the application deadline, fill out the PSAS and CFAA forms using estimated 2009 values. Also include your 2008 form 1040, supporting 2008 schedules, and W-2/1099 form(s) for 2009.

·         I am a divorced or separated parent.  Does my former partner need to fill out the application?

o        Laurence School will consider the assets of both natural parents before making any award and cannot be bound by the assertion that one parent has disclaimed responsibility for educational expenses, unless a court order is in place to such effect. If such a court order exists, a copy must be submitted along with the application. In addition, Laurence will consider the assets of stepparents; however, we understand that the stepparent’s first obligation is to his or her natural children.

·         What do I do if I don’t have all of my 2009 W-2s or 1099s?

o        Your reported W-2 and 1099 earnings are essential factors in reviewing your application. The most effective way to receive them in a timely fashion is to contact your employer(s) now and confirm that they will be mailed prior to the IRS deadline of January 31. If your employer(s) cannot accommodate this, please contact the school’s Business Office.

·         Do I list all of my children on the top section of the CFAA?

o        No, only list those children for whom financial aid is requested.  Children for whom aid is not requested should be listed at the bottom of page 1.

·         In the CFAA form, there are expense columns for each guardian.  My household’s expenses cannot be separated that easily between parents / guardians.  How should I fill out the form?

o        The two-column format is designed to accommodate dual households or separated families.  If this is not your case, include all of the expenses in the “Guardian 1” columns and ignore the “Guardian 2” columns.

·         What information is sent to the School and/or PSAS?

 

Form Name

To the School

To PSAS

CFAA

ü

 

PSAS Student Aid Form

 

ü

Copy of all W-2/1099s

ü

ü

Copy of Federal Tax Return

ü

ü


Laurence School
13639 Victory Boulevard, Valley Glen, California 91401
Tel: 818.782.4001 Fax: 818.782.4004

A non profit K-6 school founded in 1953.
Laurence does not discriminate based upon race,religion, national or ethnic origin or disability.

 

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