The Winston-Salem Montessori School is committed to supporting families who cannot meet the full expense of current tuition rates. The Financial Aid program was created to assist families with tuition in the form of need-based grants. The Financial Aid Committee is dedicated to awarding these funds to as many eligible families as possible who desire an authentic Montessori education for their children.
Distributions are determined yearly in February for the following academic year, however, some funds are reserved for rolling admission needs. This is based on the number of applicants and the amount of money that the school has allocated for aid. The actual amount granted per family may change year to year based on the need of the applicants and the budgetary restraints of the School. Award of aid one year does not guarantee future aid, but previous recipients are given priority.
The financial aid allocation is decided by the Financial Aid Committee and the Head of School. The Parents’ Financial Aid Statement and results are considered private and confidential information by The Winston-Salem Montessori School. The information is used only to determine your families need for assistance in offsetting the cost of tuition.
For a student to be considered for financial aid, the student must either be currently enrolled at the School or have an Admissions Application on file for the next enrollment period.
Response to COVID-19 relating to Financial Aid
The Winston-Salem Montessori School recognizes the COVID-19 pandemic has caused and will continue to have an unprecedented, economic impact on and disruption in our community, region, and nation. In response, WSM is allocating additional financial aid funding for new or additional, temporary financial assistance to support current and future families who demonstrate a financial hardship as a result of COVID-19, thus affecting the affordability of their tuition. It is imperative that these associated hardships are based on facts and not speculation. The financial hardships are categorized as:
- Loss of employment by one or both contributing members of tuition.
- Reduced income by one or both contributing members of tuition, large enough that such decrease will cause immediate back payments or late payments on tuition.
- New or increased medical expenses from COVID-19 that consequently affect tuition by one or both contributing members.
WSM may consider unique cases that are outside of these financial hardship categories, but remain financially driven. Such cases will be considered on a case by case basis by the financial aid committee.
Financial Aid Procedure:
- To ensure equitability, the application process for all financial aid is as follows:
- Student is enrolled for the 2021-22 school year.
The financial committee will review each applicant and will determine funding based on the information provided and in accordance with the WSM Financial Aid Policy. The amount of aid is predicated on factors such as family size, income, expenses, assets, liabilities, priorities for spending and the availability of funds.
WSM treats financial assistance requests confidentially. It is expected that students and their families will do the same.