Financial Aid Process

Foote uses School and Student Services (SSS), a service of the National Association of Independent Schools, to help assess the financial profile of each family. Parents are required to complete a Parents' Financial Statement online to determine the estimated amount a family can contribute to educational expenses. SSS applies a uniform methodology that considers taxable and non-taxable income, assets, liabilities, family size and the number of students in tuition-charging schools. After a standard allowance for basic living costs and required taxes, a percentage of a family’s remaining resources are considered for education. SSS electronically sends your family’s estimated contribution to Foote, which our Financial Aid Committee uses as a basis in determining your financial grant.

The Financial Aid Committee follows best practices as determined by the National Association of Independent Schools and treats all applications in the strictest confidence. The Financial Aid Committee reviews the information from SSS in conjunction with the applicant's IRS tax forms to make the final determination with regard to grants based on a family's demonstrated need. If a family's parent contribution is less than the Foote School tuition, the difference determined is the amount of the financial need for that family. If a family's parent contribution is greater than the Foote School tuition, the family does not qualify for need-based financial aid. Notification of financial aid offers will be sent at the same time as admissions decisions for new students and by the end of April for returning students.