The Cooper School offers need-based financial aid to qualified students on the basis of the financial need of the family and the availability of funds. Financial aid is open to students of any race, gender, color, national or ethnic origin. The Cooper School maintains the confidentiality of all requests for financial aid, and financial aid decisions are made independently from admissions decisions.
After admission decisions are made, grants are determined for accepted families who qualify by a Financial Aid Committee. Applications for financial aid should be submitted by April 20 to be considered for the following school year. Families must reapply for financial assistance each year. Returning students have priority over new students in the financial aid process.
The Cooper School subscribes to the School and Student Service for Financial Aid (SSS) in Princeton, N.J. This service requires parents to send a Parents’ Financial Statement (PFS) with a nominal fee. With this information, SSS considers total income, assets, number of dependents, age of parents, retirement provisions, and extraordinary expenses to calculate how much discretionary income a family has available.
The Cooper School Financial Aid Form and a current year tax return must also be submitted directly to the school.
The financial aid program is funded by the special contributions of parents and friends, by Annual Giving donations, and by money budgeted into the school’s operating fund.
SSS reports inform the decisions of the Cooper School Financial Aid Committee, which makes all final decisions on financial aid amounts. Please understand that this analysis does not necessarily indicate what amount your grant will be. The SSSprovides a standardized analysis of these forms, while the school is obligated to perform a detailed analysis considering every aspect of a family’s financial situation. In addition, the school will not necessarily be able to provide financial aid to the level needed by an individual family or for the number of families that file a request.
Any financial support that may be available beyond the parents’ own income and assets must be reported for consideration by the school. These include resources that might be expected from grandparents or other relatives, church funds, direct scholarship grants, etc.
The SSS formula allows for maintaining all household members at a modest standard of living. If the family’s income increases beyond this level, the school considers that money to be available for discretionary purposes. The family is expected to make some of this money available for education. We consider that any responsibility for educational costs that the school may accept must come after the obligation of the student’s parents, regardless of the legal or personal relationship between them. Therefore, before making any award, the Financial Aid Committee will consider the resources of both natural parents. If the custodial parent has remarried, we consider also the resources of the step-parent, bearing in mind the obligations of the step-parent to his or her own natural children. A standard PFS is submitted by both the custodial parent (and step-parent, if remarried) and non-custodial parent (and spouse, if remarried).
Last Year’s signed Federal IRS tax form 1040 and all supporting schedules. If you file an S Corporation return (1120S) or a partnership return of income (1065), please send copies of those as well as copies of all W-2 forms for parents and children earning income within the family. If self-employed, fill out the Business/Farm form and send it with your tax form.