Financial aid is delivered in the form of grants, ranging from 5-95 percent of tuition. A committee reviews each case individually and allocates grants based on a family’s demonstrated need using information provided by the family and an analysis done by School and Student Services (SSS).
A family’s demonstrated need is defined as the difference between educational expenses and the family’s ability to pay those expenses. To determine this, the Parents' Financial Statement (PFS) is required. The PFS asks for information such as:
- family size
- total income
- other assets such as home equity
- medical and dental expenses
- and any unusual expenses
Families applying for financial aid also are required to submit copies of their recent tax forms to SSS. These forms, W2, 1099, and Federal 1040 forms, are used to verify information on the PFS.
- The School and Student Services PFS must be submitted by the application deadline. SSS school code = 3748
- Applications received after the deadline will be considered on a rolling basis and processed when complete
- Grant allocations are included with acceptance offers
- Because funds are limited, it's to your family's advantage to complete the application process as soon as possible
- Who should apply for financial aid?
- What does a financial aid grant cover?
- If we apply for financial aid, will it affect our daughter’s application for admission?
- How is the determination of a grant made?
- When will I receive a decision about financial aid?
- Is the financial grant automatically renewed each year?
- What if the parents are separated or divorced?
- Who has access to my financial information?
- What if I miss the financial aid application deadline?
All Cleveland independent schools make financial aid considerations on the basis of financial assessments conducted by School and Student Services (SSS), a subsidiary of the National Association of Independent Schools. Families confidentially submit documentation to SSS and HB’s Financial Aid Committee carefully reviews the organization’s recommendation before granting a tuition assistance package.
January 22 - 1st-12th grade admission & financial aid applications due for priority consideration
February 1 - Infant & Toddler Center, Early Childhood, and Kindergarten admission & financial aid applications due for priority consideration
February 12 - Decision day