Tuition and Financial Aid FAQs1. How is Financial Aid awarded?Upon receiving the FAST needs analysis, Mid-Pen's Financial Aid Committee evaluates the recommended award based upon the demonstrated financial need of a family and the school's budgetary constraints. The FAST analysis is used to make sure the awards are as equitable as possible.2. How do I apply for Financial Aid?Apply online through the FAST program directly from the Mid-Peninsula High School website. Please see the link at the top of the financial aid page of the website. You will enter all financial information directly through the secure server. Space is also provided to fill out additional information that may be pertinent to your application. Mail a copy of your 2016 Federal Tax Return complete with W-2's and all schedules directly to FAST by February 12, 2017. These forms will only be used to arrive at a fair determination of financial need. Please be sure to include the name Mid-Peninsula High School on the top left corner of the envelope.Independent School Management Attn:FAST Processing 1316 North Union StreetWilmington, DE 19806Submit processing fee to complete your online FAST form.Once you have completed the above, your application will be available for the Financial Aid Committee's review.3. Should I apply for Financial Aid before I know my child has been admitted?Yes. If you do not apply for aid by the published deadlines, your chance of receiving Financial Aid is significantly reduced. Please do not wait for acceptance from our school to apply for aid as it may be too late.4. Is Financial Aid automatically renewed each year?No. Mid-Peninsula High School requires families who receive Financial Aid to re-apply each year. As long as the student remains at our school, Financial Aid will be renewed each year according to demonstrated need if the family has met all of the filing deadlines. Changes in circumstances such as income, family status or the number of children attending Mid-Peninsula may result in increases or decreases in an award. Every application is reviewed annually.5. Is it possible to appeal the Financial Aid allocation?Yes. Please write to the Financial Aid Committee explaining your appeal. Include any information that will help the committee better understand your situation, such as a detailed list of monthly expenses or any information that you wish to explain more thoroughly.6. If parents are requesting Financial Aid for more than one student at Mid-Peninsula, are there special instructions?No. Parents need to only file one application per family through FAST.7. Will a change in family financial circumstances during the school year change the Financial Aid award?If your circumstances change after you submit your application, please contact the Admissions Office and submit your new information. The Financial Aid Committee will review the new information and awards will be based on your demonstrated need and our available resources.8. What happens if the parents are divorced or separated?Mid-Peninsula High School believes that parents are obligated to pay for the educational expenses of their children to the extent that they are able, which takes precedence over the school's responsibility to provide Financial Aid. The Financial Aid Committee will consider the assets of both biological parents, if living, before making any award, and cannot be bound by the assertion that one parent has disclaimed, legally or otherwise, any responsibility for educational expenses. If either parent has remarried, the committee will also consider the income and assets of the stepparent, always bearing in mind the obligation of that stepparent to his or her own biological children. In view of this policy, it is necessary that both Biological parents and their current spouses, if any, fill out a separate application through FAST. Please refer to the FAST User Guide for more information.9. I never do my taxes until close to the April 15 deadline. How will this affect my Financial Aid award?You will need to complete your taxes early enough to meet the February 12, 2017 deadline in order to be eligible to receive a Financial Aid award. If you have questions regarding this policy, please feel free to contact our office for clarification. Each year many families are denied Financial Aid because they have failed to submit the financial aid application and/or a copy of their taxes by the deadline.10. What payment plans are available?Mid-Peninsula High School offers three different payment plans: a one-time payment in August, two payments in August and January, OR a monthly installment plan. The two payment plan and the monthly installment plan both have a finance charge. The monthly installment plan allows parents to spread tuition payments over a 10-month period. The details of these options will be fully explained when you are offered an enrollment contract.
Last Modified on January 12, 2017