Steps to Apply for Financial Aid
To begin the financial aid for private school application process for Grades 5-12, please follow the steps below.
Please note that financial aid is NOT AVAILABLE for PG Basketball players or Summer School.
- Visit http://sssbynais.org/parents beginning November 1.
- Click on Parents’ Financial Statement (PFS) for academic year.
- Create an account. Remember to save your user name and password.
- Massanutten school code is 905138.
- Follow the step-by-step directions to complete and submit the online application. Be aware: There is a non-refundable fee of $39 and online applications are usually processed within 72 hours.
- Upload a copy of your 2018 Federal Tax Return 1040, with all supporting schedules and forms, including K-1s, Form 1065 or 1120s along with the Schedule E from those who have Partnership, S-Corporation or Trust involvement.
- Upload a copy of your 2018 W-2/1099 Tax and Wage Statement(s).
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.
It is very important to note that applying for financial aid has no bearing upon the Admissions Committee’s deliberation and assessment of student’s potential as a MMA student. Decisions regarding admission to MMA and eligibility for financial aid are made independently of each other.
SSS/Financial Aid applications will not be considered complete until we receive the supporting 2018 Tax documentation. Military documentation can also be uploaded to the SSS/Financial Aid application. All financial information is kept secure and confidential.
Financial aid awards do not include uniform fees or other additional fees. The non-refundable deposit is required prior to registration.
Financial Aid Options
- Military service/first responder discount $1,500 (provide proof of activity duty or honorable discharge/retired)
- Payment plans outlined on the Enrollment Contract
- Third Party Loans through Your Tuition Solution, Sallie Mae, Prep Gate or your own private loan through your bank.
- 529 Plan distribution
New Information about the Tax Reform
"On December 22, 2017, a wide-ranging tax reform bill (H.R. 1) was signed into law. The new law is complex and impacts many areas of income, deductions and credits. Both 529 college savings and ABLE disability savings programs received attention in the tax bill, with enhancements and added flexibility added to both types of programs. Virginia529 is currently reviewing the changes and how they may affect our programs and our customers."
•"transfers from a 529 college savings account to an ABLE account will be considered a qualified distribution after January 1, providing flexibility for parents to move between programs to best fit their needs".
• "account owners now will be able to use their 529 accounts, should they choose to do so, for certain public, private or religious K-12 tuition costs, up to $10,000 per child per year. Rules and definitions are still being determined. It appears this applies prospectively only, for costs incurred in or after 2018".
Find out more information at: https://www.virginia529.com/news/how-does-the-new-tax-plan-change-529-accounts/