AN INVESTMENT WORTH MAKING
At Clark School, we believe that access to an excellent independent school education should be available to all who desire it. Financial aid opportunities may be available to new families; for more information speak with our Clark School Admissions department.
TUITION AND ACTIVITY FEES
Academic Afterschool and Lower School Late Pick-up are available on campus until 5:00 pm for additional fees.
FINANCING YOUR STUDENT'S EDUCATION
Our Operations Director is available to discuss the payment plans. Some options we offer include:
Clark School strives to provide socioeconomic diversity within our school. We recognize the educational value for all students if the student body is socioeconomically diverse. Our financial aid program was established to enroll highly qualified students who otherwise would not be able to attend Clark due to financial reasons.
Clark offers need-based financial aid to qualified families with students in grades 2-12. Clark does not offer academic or athletic scholarships.
To objectively determine each family’s need for aid, we use Independent School Management’s program, Financial Aid for School Tuition (FAST). FAST provides the school with a detailed analysis including a recommendation of how much a family could reasonably contribute toward tuition. FAST does not determine whether financial assistance will be given or how much to give; FAST does provide a need-based financial aid analysis service. All information from FAST is kept confidential.
In order to receive financial aid, candidates must:
FINANCIAL AID TIMELINE
Please contact our Operations Director with any questions.
FINANCIAL AID APPLICATION
Clark School offers the on-line service of Independent School Management (ISM)'s Financial Aid for School Tuition (FAST) to process financial aid applications.
FAST does not decide whether financial assistance will be given or how much to give; rather FAST provides a need-based financial aid analysis service which includes a recommendation of what a family should reasonably contribute toward tuition. All information from FAST remains confidential. Results are reviewed by the Financial Aid Committee who makes recommendations to the Head of School based on next year’s budget. Upon approval by the Head of School, financial aid offers are forwarded to families.
Requests for Financial Aid must be submitted annually.
To start the process, please do the following:
• Click on the FAST link
• The application process is self-guided. You may navigate in and out of the program allowing you to partially complete an application and go
back to it at another time. FAST has a helpline available should you have any questions 1-877-326-FAST (2378). Please do not call the school
• The charge for the application is $43.00 and can be paid by credit card (Visa, MasterCard or American Express) at the end of the session. If
you do not have a credit card, please contact our Operations Director for assistance.
• After completing the online application you will be required to mail your tax documents (Federal taxes including all schedules, State taxes,
W-2’s and Business taxes (if applicable) to the following address for verification purposes:
Independent School Management
Attn: FAST Processing Center
1316 N. Union Street
Wilmington, DE 19806
The on-line submission deadline for all applications is March 30, 2017.
Your tax return must follow the submission of the online application and be postmarked by April 15, 2017.
Make your tax appointment early!
Thank you. We look forward to working with you.
FINANCIAL AID FAQs
When should I apply for financial aid?
Parents should begin the financial aid application process at the same time they submit admission materials. In order for your student’s file to be reviewed by the financial aid committee, they must first complete the admission process and be accepted to Clark School. Your cooperation by promptly submitting the FAST application and your 2016 tax information (1040 and W-2) is critical to receiving a timely decision. You will receive email updates from both Clark and FAST on your application status. It is important to check your email regularly during the process to ensure your application is complete. The Financial Aid Committee at Clark cannot award financial aid without complete financial data from FAST. Late submission jeopardizes the possibility of an award for your student since requests for aid usually exceed the funds available.
Does a request for financial aid affect the admission decision?
No, Clark has an aid-blind admission policy. Admission Committee members do not know who is requesting financial aid.
How are financial aid awards determined?
Financial aid awards at Lake Highland are based strictly on 1) financial need of the family, as demonstrated through the FAST application and a review of the parents’ 1040 tax form and 2) available financial aid funds. The income, expenses, assets, and liabilities of both parents are considered.
May financial aid decisions be appealed?
No, Clark enlists FAST to precisely compute each family's need for assistance. Financial aid decisions are definitive and not subject to appeal following the communication of awards.
Only one parent works outside the home. Must both parents be employed to receive financial aid?
Generally, yes, if all children in the family are in school.
If parents are divorced or separated, do you require both parents to complete the FAST financial aid process?
Yes, the income, expenses, assets, and liabilities of both parents are considered. Custodial and non-custodial parents are required to complete the FAST application and submit copies of their tax returns.
Remarriage of either parent creates a new family unit. On the FAST application, each parent should include information relating to their “new” family, specifically financial information on a new spouse (step-parent).
The Financial Aid Committee at Clark considers both parents’ ability to contribute to tuition, not their willingness. It is the custodial parent’s responsibility to ensure that the FAST application is completed by all parties.