It is our belief at GISSV that there can be no excellence in education without all types of diversity, including socio-economic and ethnic diversity. Teaching children to respect and appreciate the beliefs, values and histories of all individuals is as necessary for success in our world as is a solid grounding in science, math and language. The goal of financial aid at GISSV is to help increase diversity as well as to ensure that we have sufficiently large graduating classes.
Qualifying for Financial Assistance
When determining if your family should apply for aid, please look at all personal resources for meeting costs first. We anticipate that this will involve some degree of sacrifice. We ask that you give careful thought to the maximum amount of tuition which you can reasonably pay. If all available resources, including extended family, are still not enough to meet tuition costs, then the family may qualify for aid. There are no absolute guidelines by which you can determine your own eligibility, because each case is unique.
Families can apply for financial aid for students entering grades K through 12. Initial financial need is calculated by the School and Student Service for Financial Aid (SSS) as well as documentation provided by the family.
GISSV uses SSS data and household income/assets guidelines to assess annually each family’s ability to pay for education. The school makes every effort to meet the demonstrated need of all admitted or enrolled financial aid applicants; however, resources are not always sufficient. In alignment with GISSV's goal to use the instrument of financial aid to increase economic as well as ethnic diversity and to help ensure sufficiently large graduating classes, all applicants are scored based on the following criteria:
- Ethnical Diversity
- Returning >5 Years
- High Economic Need
- Low Class Size (<13 Students)
- Moderate Economic Need
- High School
- Returning 3-5 Years
- Transfer from Local School
- Came from GISSV Saturday School
- Middle School
- Low Economic Need
- Returning 1-2 Years
- Other German Saturday School Bonus
- Preschool: Points Subtracted (effective with the 2017/18 school year, tuition assistance will only be offered for grades K-12).
The criteria are assigning a set of points in decreasing order. The first 50% of the financial aid budget (set initially at 6% of expected tuition budget for the next fiscal year) is given (typically with a multiplier < 1) to the top scorers. The remainder is given with a linearly decreasing multiplier.
We encourage all families to apply; however, we cannot guarantee that each request will be fulfilled or that it can be fulfilled at the level requested.
Due to the large number of families applying for financial assistance and the limited timeframe within which awards are to be made, it is critical that all documents be submitted according to the prescribed deadlines for returning and new students. Requests after the deadline will not be considered for financial aid.
Please note that currently enrolled families are required to be up-to-date on their tuition payments in order to be eligible for financial aid.
The school notifies applicants of financial aid decisions before expecting a binding reply to the offer of enrollment.
All information provided during the financial aid process is kept in strict confidence.
To Apply for Financial Aid
Our next financial aid application period is for the 2017-2018 school year. To be eligible for consideration, you must complete your Parents’ Financial Statement (PFS) by March 1, 2017. We will communicate award decisions by April 15, 2017. Please also be aware that in order for the school to process any financial aid applications, we must have first received enrollment documents from your family.
Complete Parents’ Financial Statement (PFS)
You only have to complete one Parents’ Financial Statement, even if you are applying for several children.
1. Go to sss.nais.org/parents.
2. Click on the “Login” button.
3. You will set up a PFS Online account using your e-mail address and a password. Returning parents: If you completed an online PFS application last year, use your e-mail address and existing password.
4. Submit and pay for the PFS ($48). This fee is nonrefundable.
Additional Required Documents
In addition to your completed Parents’ Financial Statement, you need to submit the following documents to the SSS website:
- IRS Form 4506-T (Request for Copy or Transcript of Tax Form)
- A copy of 2016 W2s
- A copy of your 2016 Federal Taxes
We must receive these documents by March 1, 2017.
You can upload these documents as a PDF or a .jpg file on the "Manage Documents" tab in PFS Online.
Call SSS Customer Service at (800) 344-8328 with any questions (M-F: 9 am - 8 pm EST., Sat: 9 am - 4 pm EST).