The Webb School recognizes that not all of the students interested in attending our school may be able to afford the full cost of a Webb education. The financial aid office is committed to attracting mission-appropriate students by meeting the financial need of the family. Webb, like many independent schools around the country, uses the School and Student Services (SSS) to determine financial need. SSS is now processing applications for the 2022-2023 school year. The priority deadline for new families to apply for need-based financial aid is February 1.
To get started applying for need-based financial aid through SSS, click here.
The average financial aid award for boarding students is $27,193 and the average financial aid award for day students is $9,760.
Frequently Asked Questions:
Does my applying for financial aid impact my child’s application for admission?
No. The processes of determining admission and financial aid are separate. We recommend that you submit your admissions application first. Students will not be considered for a financial aid award until they have been officially accepted by the Admissions Committee.
Is there a deadline?
We strongly suggest that you apply by our priority deadline of February 1. After that date, applications will still be accepted, but awards will only be made if funds are still available.
How does SSS determine a family contribution?
In determining eligibility for financial aid, SSS considers gross taxable income, liabilities, assets, family size and the number of children in tuition-charging schools as well as the cost of living allowance. Built into the assessment is an allowance for basic necessities and taxes. SSS uses all of these items to determine your discretionary income. SSS will recommend to Webb a portion of your discretionary income to pay for education. This recommendation is sent via the SSS Parent Financial Statement.
What about a divorce, step-parent situation?
If both the custodial and non-custodial parents have agreed to participate in the support of their child, Webb requires both parents to complete the financial aid forms. It is up to all parties involved to communicate and participate in good faith in this responsibility. In addition, if a child is living with a step-parent who has agreed to accept financial responsibility, Webb will consider the step-parent’s income as well.
Does Webb require any additional documents when applying for financial aid?
We require applicants to submit your family’s most recent income tax forms, w-2 forms, and any additional documents that you file such as Schedule C, Farm Statement or K-1’s. After an evaluation of all submitted information, we may we may request additional information. You can upload these documents in your SSS account or mail them directly to The Webb School.
How does Webb determine a financial aid award?
Your Parent Financial Statement (PFS) is verified with your tax return and then, after your child has been accepted, reviewed by the financial aid committee. The committee will also consider the potential for income to be earned by a non-working parent. The decision for an award is based on the affordability determined by your PFS and the funds available in our budget.
How much aid is awarded to families and where does the money come from?
Each year Webb gives approximately $4.5 million in financial aid to 60% of our student body. These funds come from our school’s $48 million endowment and from our generous donations from alumni and friends of the school.
Will my financial aid award stay the same each year at Webb?
Financial aid forms must be resubmitted each year and awards will be re-evaluated on an annual basis.
