To be considered for need-based financial aid, a student must be a U.S. citizen or permanent resident and the family must be filing U.S. income taxes. Families must reapply for financial assistance each year the student is enrolled.
While the financial aid committee will accept and review your application, the financial aid budget will have been set based on the school's commitment to fund students already receiving financial aid at Porter's. This means there is typically limited (if any) funds available for including additional students in the financial aid budget. It is therefore important that you apply for financial aid at the time of the student's application to Porter's.
Yes, parents will need to provide their business tax return as well as their personal tax return and all schedules. This may include Schedule C, Schedule E, Form 1065, Form 1120, Form 1120S, and any Schedule K-1 forms received.
Along with School and Student Services (SSS), Porter’s estimates financial need by reviewing a family’s prior year’s tax return, W2s, and Parents Financial Statement. SSS provides Porter’s with a Report of Family Contribution which is used as a guide, and Porter’s completes an independent calculation for every application. Once a file is calculated, Porter's Financial Aid Committee meets to discuss the family’s data and determines the family contribution and financial aid award.
Parents of newly admitted students are notified of financial aid and scholarship decisions by March 10. Returning families can expect to receive their award information with their online enrollment contracts in February.
Families can expect that financial aid will continue throughout the student's enrollment provided that a family continues to demonstrate need. The size of the award can vary according to a family's financial circumstances and tuition increases.
Under the provisions of the Tax Reform Act of 1986, the amount of your financial aid that is in excess of the day student tuition rate is applied toward non-course related expenses and is considered taxable income to the student. Please be sure to contact a tax accountant should this apply to you.
Miss Porter's School 60 Main Street | Farmington, CT 06032 | Telephone: 860-409-3500 | Since 1843
A BOARDING AND DAY SCHOOL FOR GIRLS GRADES NINE THROUGH 12