Financial Assistance at BA
(Families who feel they will need financial assistance to help cover the costs of a BA education are encouraged to indicate so on the Application for Admission.)
1. Beaufort Academy subscribes to the School and Student Service for Financial Aid. The Parents’ Financial Statement (“PFS”) must be submitted to the School and Student Service (“SSS”) for Financial Aid. This form is available on-line, please click here. The Parents’ Financial Statement gives detailed financial information to the Service, which supplies Beaufort Academy with data concerning the family’s ability to contribute to their child’s education. The computation is based on a formula nationally accepted by independent schools. The Financial Aid Committee then reviews this information and uses it as the basis upon which to make an award.
2. Beaufort Academy requires information from both natural parents and any step-parents. In the case of separated or divorced parents, each parent must complete and submit a Parents’ Financial Statement. Please do not hesitate to call and discuss your situation since each case may be unique.
3. An online Report of Financial Need (“RFN”) is provided to BA by the SSS. Upon receipt of all other required forms, including W-2 or income verification forms for all parents, the Financial Aid Committee begins the process of evaluating financial aid applications using guidelines recommended by the SSS. While the Financial Aid Committee uses the RFN as a guideline, the committee is not bound by the figures generated by the SSS.
4. Upon reaching a decision, the Admissions Office will send you a letter with the determined amount.
The Financial Aid Committee has incorporated the following priorities in the allocation of funds. First, consideration for the budgeted dollars is given to renewal applicants. Second, returning students not previously receiving aid are considered. Third, applicants offered admission are considered. Finally, late applicants are considered if funds are available.
All information relating to the financial aid process is held in the strictest confidence. The only individuals with access to the financial aid files are the Headmaster and members of the Financial Aid Committee. If you have any questions regarding financial aid at Beaufort Academy, please don’t hesitate to contact our Admissions Office at (843) 524.3393.
NOTE: Financial aid grants are awarded on an annual basis. The application process must be repeated each year of a student’s enrollment at BA, at which time the Financial Aid Committee evaluates the student’s academics, disciplinary, and other records at school. Normally, a family should expect that financial aid will be continued through a student’s career, but the Financial Aid Committee is empowered to increase or reduce the amount of the annual award based on changes in the family’s financial status, the student’s performance at BA, or both.