Financial Aid FAQ

What if I am a single parent or in a blended family?

Single Parent: BB&N requires complete financial information from both the custodial and non-custodial parents, including the Parents’ Financial Statement form and tax forms. This information is collected in an attempt to determine the ability, not the willingness, of each parent to financially support their child’s education. If the whereabouts of the non-custodial parent are unknown, a good-faith effort must be made to locate him or her. A letter from a third-party (lawyer, teacher, clergy, etc.) will be required to verify that the non-custodial parent has no contact with the applicant.

Blended Household: If yours is a blended household, all adults in both households MUST provide their information in the PFS, one per household. We understand that in a household such as this there are varying levels of responsibilities to multiple family members; we make every effort to respect this. That said, first and foremost, funding the education of the students is the responsibility of each family.

What if I have more than one child applying to BB&N?

One set of forms is sufficient, even if your children are applying to different grades in the school.

If my child is admitted but not awarded aid, might we receive aid the following year?

It is very unlikely as we aid as many students as we feel we can continue to support through their years at BB&N. Our first obligation is to our currently enrolled students. There is little chance that a student enrolling without aid would be awarded aid in any subsequent year, without significant changes in that family’s financial circumstances.

Will applying for financial aid affect my child's chances for admission?

While the admission and financial aid application processes are separate, admission decisions are ultimately “need aware” due to financial aid budget constraints.

How are the financial aid decisions made?

Financial aid is awarded based on a family’s demonstrated need, as determined by a collaboration between the School and Student Service for Financial Aid, or SSS and BB&N’s financial aid committee. Calculations are based primarily on:
  • the incomes of both parents
  • the family’s assets
  • the age of both parents
  • the number of dependents
  • the number of children in tuition-charging schools (BB&N does not include graduate school tuition for family members in our computation).
  • The information from the SSS is supplemented by information gleaned from each family’s federal income tax return as well as the explanations provided on the PFS by each family. We use the SSS analysis of a family’s need as a guideline but are not bound by that estimate of need. We do make every effort, subject to the availability of financial aid funds, to provide for the demonstrated need of our students.

Does BB&N help with additional non-tuition costs?

In addition to tuition, BB&N supports the purchase of books and laptops. We also support trips, summer opportunities, academic support, class field trips, transportation, After School, and events.

Other Factors:

If all children are in school for a full day, we expect both parents to be working. If one parent is not working and the youngest child is in elementary school, we impute $20,000 for the non-working parent.
 
We recently started a process whereby we factor in support for grandparents both here and abroad. We recognize that this is increasingly becoming an issue in the finances for families and we are taking this into consideration.

Financial Aid Deadlines

If your child is an applicant for admission:

  • January 21, 2019 - Complete the Financial Aid Application. BB&N's school code is 1930. In separated/divorced cases, both parents must submit an application. The application can be filled out and submitted online at the School and Student Services (SSS) website after October 2, 2018. Be sure to fill out all items fully and frankly and provide clear explanations when called for. If you do not have Internet access and/or desire assistance filling out the application, please call the Financial Aid Office by Monday, December 3 to set up an appointment.
    - Upload to SSS your complete 2017 federal tax return with all schedules, 2017 W-2 forms, and a signed IRS Form 4506 t-ez (available at the linked website). If you are a business owner, please submit the form 1120 as well.
  • February 21, 2019 - Upload to SSS your 2018 Federal Income Tax Return with W-2 forms and all the attached schedules.

If your child is a current student:

Current families applying for aid for the first time should call the Financial Aid Office (617-800-2188) for information about the application process.

  • January 10, 2019 - Complete the Financial Aid Application. In separated/divorced cases, both parents must submit an application. The application can be filled out and submitted online at the School and Student Services (SSS) website after October 2, 2018. Be sure to fill out all items fully and frankly and provide clear explanations when called for.
    - Upload to SSS a signed IRS Form 4506 t-ez (available at the linked website).
  • By February 14, 2019 - Upload to SSS your 2018 Federal Income Tax Return with W-2 forms and all the attached schedules. If you are a business owner, please submit the form 1120 as well. A copy of your previous years' taxes should already be on file.