Financial Aid

As is long-standing school policy, the scholarship committee reviews all applications with the understanding that yeshiva tuition takes priority over discretionary spending.

Deadline for Financial Aid applications is April 30th.

Financial Aid Guidelines

We encourage all parents to carefully evaluate their own ability to pay school costs and expect families to contribute to the educational cost of their child at the highest possible level given their economic situation. While the Scholarship Committee is sensitive to the needs of applicants, please recognize that every dollar of scholarship awarded must be raised through Annual Dinner and other fundraising efforts.

Determining Factors

In addition to income, the Scholarship Committee will consider certain discretionary spending, including, but not limited to: car payments, Charity (as a general rule, other than donations to one’s shul or mikvah, tuition payments should take precedence over other charitable giving), 401(k) contributions, vacations, summer programs (especially for high school aged children) and semachot.  Other spending, including for college and gap years, for which other sources of funding including loans may be available, will be taken into consideration.  Any expenditures in these categories should be explained at the end of the application.

If children in one family attend multiple yeshiva day schools, then each school must be approached for aid, proportional to their tuition rates.

Scholarship grants from prior years are in no way a guarantee or indication that a similar level of scholarship award will be granted for future years.

Scholarship funds can only be applied towards tuition accounts.  Other fees, including Registration, Building Fund, Security, Student Activities, iPad insurance and Transportation are not eligible for scholarship and must be paid for all students.

Eligibility

Please note that your daughter must be registered, with registration fees paid or scheduled, in order for your application to be reviewed by the committee.  All required supporting documentation must be included with the application by the deadline in order to be processed.

Deadline

The deadline for financial aid applications is April 30th.  Applications that miss the financial aid deadline, except in extenuating circumstances such as loss of employment, illness or death, may not be considered.  Ma’ayanot cannot guarantee scholarship funds will be available to applicants who do not comply with the deadline, including late transfer applications.  We strongly encourage all families to complete the application as soon as possible, as applications will be reviewed in the order they are received.

Appeals

After receiving a scholarship determination, the family may appeal the decision in writing with a letter or email to the committee.  Appeals must be received within 10 days of receiving their determination and are limited to one per family.

Transfer Students

Transfer students who are applying for financial aid must submit their application within two weeks of acceptance.   Ma’ayanot cannot guarantee scholarship funds will be available for late transfer student applicants.

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Financial Aid Application Instructions

www.yeshivahaid.org

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NEW USERS:  Go to www.yeshivahaid.org and create a username.

RETURNING USERS: If you used this system last year, with Ma’ayanot or a different school, please use your existing username and password from before.  If you forgot your username, contact your school administrator from last year.    If you forgot your password, follow the instructions on the homepage to reset it.

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1.  Create an application for the NEXT school year.

2.  Each line on the application must be filled out in order to complete and submit the form.  If something is not applicable in your situation, please write either N/A for a text field or $0 in a numerical field.

a. Every applicant must submit a written narrative to explain their particular circumstances and why they are applying for aid.  In addition each applicant must indicate what amount they are prepared to pay for tuition.  Note, this amount is in addition to registration, transportation, and other fees for which financial aid is not available.

The Scholarship Committee stresses the importance of providing these critical inputs in making a determination, without which, the application is comprised of mere data and numbers devoid of vital color to the circumstances.  For instance, if one spouse is not employed, it is helpful to provide an explanation of any relevant circumstances.  If COVID-19 has affected your finances / employment, please explain your situation and your expectations how/when you expect your finances may change as the pandemic subsides. 

b. Please explain in the narrative section how much you paid last year and expect to pay next year for gap year, college or other educational institutions not in the Yeshiva Aid system. Please include any information about how tuitions were / will be paid through savings, loans, cash, etc.

3.  You must send the yeshivahaid application to all schools in which you have children enrolled.  In determining the amounts you expect to pay each school, your total amount should be divided proportionally between the schools as a percentage of the original tuition amounts.

4.  Click the support documents tab to upload your documentation. If you have paper documents, please scan and upload them with your application.  Your application will not be processed without the required support documents.

Application Checklist

  • Complete and submit application
  • Submit W-2 forms for the past two years
  • Submit completed tax returns with supporting schedules for the past two years
  • Submit completed business tax return with supporting schedules (if applicable) for the past two years
  • Submit year end mortgage statement
  • Submit year end bank statements and investment account statements
  • Submit most recent property tax bill
  • Submit scholarship award letter/statement from schools other than Ma’ayanot
  • Print, sign and submit IRS form #4506 to each school to which you are applying for aid

If you have any problems with your online application, click “Contact Us” on the YeshivahAid site for assistance.

Application Deadline is April 30th