The calculation of your family’s ability to pay considers your income, what you own (your house and other investments), what you owe (your mortgage and other debts), the size of your family, and how many family members are enrolled in tuition-charging schools or colleges.
After making allowances for basic necessities, taxes, and certain other expenses, taking into account the cost of living in our area, SSS estimates what portion of your remaining funds is available to pay school costs. (Note: eligibility for financial aid does not guarantee that Avenues has enough financial aid available for your family.) SSS then provides the results of the analysis to Avenues as a recommendation on your ability to pay. The final award determination always comes from Avenues based on our school policies, practices and available budget — not from SSS or NAIS.
Posted in: New FA FAQs