Financial Assistance Philosophy

Harford Day School recognizes that funding an education is an investment that not all families are able to manage without some financial support.

Need-based financial assistance is available to mission-appropriate students whose families’ value an independent education and will support the policies of Harford Day School. While there is a limited amount of financial aid available, the School strives to meet the demonstrated needs of its current and prospective families.

Approximately 30% of our enrolled students receive some need-based financial assistance in the form of grants. Financial assistance is not a loan, and does not have to be repaid.

In addition to reviewing the financial aid application and several years of a family’s tax returns, the School also considers lifestyle choices and spending patterns as part of the award process. In fairness to all applicants, education must be a top priority over, for example, luxury cars, vacations, and club memberships.

All financial aid inquires and awards are kept in the strictest of confidence. This information is not shared with faculty or students. We request that families receiving aid keep the same confidence regarding aid and awards.

Harford Day School does not discriminate on the basis of color, creed, religion, national origin, sexual orientation, or disability.

Key Financial Considerations for Determining Assistance

  • Total Family Income
  • IRS forms and schedules
  • Net worth, including real estate, bank accounts, non-retirement investments
  • Debt to Equity Ratio
  • Number of children in the family and the number in tuition charging schools
  • Discretionary or luxury expenditures
  • Extenuating circumstances ( health, change in employment, other)

The Financial Assistance Process


Harford Day School strives to partner with families to fulfill the gap between the cost of tuition and the family’s ability to pay. A family’s expected financial contribution is determined by completion of a standardized, online application that is administered by the National Association of Independent Schools (NAIS). School and Student Services (SSS) by NAIS allows independent (private) schools to use the same process and information to objectively assess what a family can afford to pay for tuition. The Harford Day School’s Financial Assistance Committee uses the SSS reports as a guide for granting financial assistance.

SSS Information


The following resources, published by SSS, will assist you in understanding and completing the Parent Financial Statement (PFS):

How to Apply for Financial Assistance

Complete Step-by-Step Guide to the Parent Financial Statement (PFS)

Financial Assistance Timeline

Priority consideration is given to families who adhere to the schedule outlined below. However, applications continue to be reviewed as they are received throughout the school year, and awards are granted as available funds allow. Please contact the admissions office directly to discuss your financial assistance application: 410-838-4848.

Steps Steps in the Financial Aid Process Due Date Links
1 SSS by NAIS Portal Opens
Create account or log on to begin 2019/2020 PFS application
2 DEADLINE to Submit Parent Financial Statement (PFS) to School and Student Services (SSS). Applications received after this date will continue to be reviewed as funds allow. 12/14/18
  Deadlines to upload other Required Documents as listed below. Please note: applications will not be reviewed until all documents are received.


3 Upload signed copies of 2016 Taxes (if you have not done so already)

4 Upload a copy of most recent pay stub

5 First-time applicants, upload signed IRS Form 4506 Note: Form will not be processed without cause. If processed, a $50 fee applies)

6 Upload W2 and/or 1099 to your SSS account for income verification. 2/8/19
  Families Meeting the above deadlines will be notified of Financial Assistance 2/22/19  
7 Deadline to Accept Financial Aid Award 3/1/19  
8 Deadline to Upload and Submit signed copies of 2018 taxes to your SSS account. Financial aid awards are subject to change based upon verification of 2018 taxes. 4/16/19

Frequently Asked Questions about Financial Assistance:

If we apply for financial assistance, will this affect the admissions decision for my child?

No. Financial assistance is determined after a student has been accepted.

Will our family be considered for financial assistance if only one parent is employed?

An exception may be made if a parent is staying home to care for a pre school-aged child, a child with a disability, parent or grandparent, or other special circumstances. Please advise the Financial Assistance Committee of this when applying for aid.

What information is required in order to determine an award for single or divorced parents?

In the case of divorced or separated parents, both natural parents are obligated to contribute to the education of their child(ren). The School cannot be bound by divorce decrees and both parents are required to provide the requested financial and supplemental information. In some instances and at the School’s discretion, one parent may be released from obligation. These situations are handled on a case-by-case basis.

Is there a salary minimum/maximum that automatically qualifies?

There is no minimum salary requirement in order to qualify for financial assistance. The information submitted to SSS is a guide for the FA committee to use in consideration of financial assistance. Extenuating circumstances, if applicable, are also considered.

Do you offer multiple-child discounts as part of financial assistance?

We do not offer multiple child discounts. The financial assistance process does, however, take into account the number of children a family has attending tuition charging schools.

Does a family have to reapply for financial assistance each year?

A family must re-apply for financial assistance every year. If your financial situation remains stable, the amount of assistance will be relatively constant.

If you still have questions regarding financial aid, please contact Valerie Kohles, Director of Finance and Operations, at 410-809-2396 or Diane Russell, Director of Admissions, at 410-809-2403.