Annual Tuition Schedule for 2019-20*

*Does not include student activity fees

	Nursery (2N)	Nursery (3N-4N)	K - 8th Gr	9th-12th Gr
Pre-Registration	$1,000	$2,000	$2,000	$2,000
Tuition	$13,000	$14,180	$16,160	$25,820
Annual Fund Pledge		$3,750	$6,500	$6,500
Total	$14,000	$19,930	$24,660	$34,320

Building Fund Pledge -

SAR Academy $4,000 per family (payable $1,000/year starting when the oldest child is in kindergarten or older)

SAR High School $4,000 per family (payable $1,000/year)

SAR Academy and SAR High School Annual Security Obligation: $500 per family

For Students in Grades 3N-12 Only (No Financial Aid Available for the ELC 2's Program).

The Scholarship Committee requires that two forms be filled out to complete a scholarship application.

1. The SAR Financial Aid Application (to be submitted in hard copy) and sent with all required submissions to SAR at 655 West 254th Street, Bronx, New York 10471 Attn: Debra May

2. The on-line FACTS application available at https://online.factsmgt.com/signin/3FLFN.

In addition, the following submissions are required*:

1. Full and COMPLETE Form 1040 Federal Tax Form, W2’s, 1099’s, for both husband and wife, as well as NY State Tax Form for two most current years filed, including cancelled checks for taxes paid with filed returns.
2. If self-employed, partner or stockholder, furnish complete business returns for the past two years.
3. Year end mortgage statement and most recent monthly statement for all owned properties.
4. Property tax bill for most recent year for all owned properties.
5. Copy of current lease and most recent canceled rent check.
6. Bank statements for all accounts for the 12 month period prior to submission of this application including copies of all cancelled checks.
7. Year end brokerage statement for all brokerage accounts and most recent monthly/quarterly statement for all accounts.
8. 2019 Year end credit card summary statement for all credit and store accounts or credit card/store card statements for the 12 month period prior to submission of this application.
9. Signed IRS form 4506T (Request for Transcript of Tax Return).

* Families who applied to SAR for financial assistance for the 2019/20 school year are not required to submit items 3 through 8 above

In completing the SAR scholarship application, you are consenting to SAR obtaining a report of your credit record and using the information from that report in determining whether to grant a scholarship.

Scholarships offered by SAR are moral scholarships and if you are granted a scholarship by SAR then you will have a future moral obligation to support the SAR Scholarship Fund to the best of your ability. If financial circumstances allow, you will repay the amount of any scholarship received.

No applications will be reviewed by the Committee prior to the submission of both forms and all supporting documentation.

The deadline for submission of complete applications is April 21, 2020.

New applicants to SAR High School who submit completed applications by January 17, 2020*, will be informed of scholarship decisions in February when admission decisions are mailed.

Should you have any questions, please feel free to contact Debra May, by phone at 347-274-3620 or email debra@saracademy.org.

*These applications will be reviewed without the submission of a 2019 tax return. However, any scholarship decision will be subject to change pending the review of the 2019 tax return. Returns must be submitted by April 21, 2020 so that scholarship decisions can be finalized.

2019-2020 SAR 3-YEAR NURSERY and 4-YEAR NURSERY
TUITION ACCESSIBILITY GRANT (TAG)
Offering a Limited Number of $5,000 Tuition Grants to SAR Nursery Students

We are pleased to announce an SAR Tuition Accessibility Grant (TAG) for the 2019-20 school year.  The SAR TAG initiative is specifically targeted to address the tuition burden of families who are struggling with the high cost of day school education.  Although for many that challenge is addressed by need-based scholarships, there is a segment of our community that does not qualify for traditional financial assistance, but still struggles to pay full tuition.  TAG is designed to provide tuition relief for these families. 

All SAR families who meet the eligibility requirements are encouraged to apply.  Families who meet the eligibility requirements will receive a $5,000 tuition grant to be applied against their tuition charges at SAR for the 2019-20 school year.

ELIGIBILITY 

• The grant applies specifically to students who will be enrolled in the 3-year nursery or 4-year nursery for the 2019-20 school year. 
• New applicants to the school as well as existing students are eligible to apply for the grant. 
• The adjusted gross income of applicant families may not exceed $275,000. 
• Families who do not meet the income cutoff may be eligible for the grant if they have other extraordinary or atypical expenses.
• Only applicants who are in good financial standing and who in the absence of this grant would be paying full tuition are eligible to apply for the grant. The grant cannot be combined with any other financial assistance, affordability grant or discount. 
• Completed applications will be reviewed and grants awarded, in the order they are received. Only the first 25 qualified applicants will be guaranteed to receive a grant.
• Grant applications will only be considered for current SAR students once they have completed pre-registration for the 2019-20 school year.
• Grant applications will be considered for prospective SAR students in parallel with their application for admission to the school.
• Families that do not complete the 2019-20 registration process by the deadline will forfeit any grant that was awarded. 

APPLYING

Parents who wish to apply for TAG must fill out a short online form and submit the first two pages of their 2017 IRS Form 1040 by January 31, 2019.  All submissions will be reviewed by SAR’s Executive Director, Debra May.  Only the first 25 qualified applicants will be guaranteed to receive a grant. Families will be notified on or before February 22, 2019, as to whether they qualified for grants for their children. For families that qualify for a grant award: Provided that registration for 2019-20 is completed on or before the deadline for submission, a tuition credit in the amount of the grant being offered will be applied to the family’s account. 

Should you have any questions regarding the TAG initiative, please contact Debra May at (347) 274-3620 or by email at debra@saracademy.org.

Click here to apply

2019-2020 SAR ACADEMY FAMILY TUITION ACCESSIBILITY GRANT (TAG)
Offering Grants of $3,500 per Student for Eligible SAR Academy Students

We are pleased to announce an SAR Family Tuition Accessibility Grant for the 2019-20 school year.  This initiative will provide a grant of $3,500 of tuition relief for each eligible SAR Academy student.   

The Tuition Accessibility Grant is specifically targeted to address the tuition burden of families who are currently paying full tuition, but find it difficult to do so. Although for many the challenge of paying tuition is addressed by need-based scholarships, there is a segment of our community that does not qualify for traditional financial assistance, but still struggles to pay full tuition. This initiative is designed to provide some tuition relief for these families. SAR Academy families who meet the eligibility requirements are encouraged to apply.  

ELIGIBILITY 

• A family must have two or more children attending any grade in SAR (Nursery through 12th grade) in 2019-20. Grant awards will only be made for eligible students in 3-year nursery through 8th in 2019-20.
• Only applicants who are in good financial standing and who in the absence of this grant would be paying full tuition are eligible to apply for the grant. Families who receive financial assistance or staff discount are not eligible.
• Adjusted gross income should not exceed the levels listed below. 
• A family's assets (including home equity and retirement accounts) may not exceed $1.25 million.   
• Grants will only be made for students in 3-year nursery through 8th Grade. Students in Nursery who receive a 3N & 4N TAG grant are not eligible. 

# of children attending SAR	Income cutoff
Two Children	Income below $320,000
Three Children	Income below $385,000
Four or More Children	Income below $450,000

APPLYING

Parents who wish to apply for a grant must fill out a short online form and submit the first two pages of their 2017 IRS Form 1040 by January 31, 2019. All submissions will be reviewed by SAR’s Executive Director, Debra May. Families will be notified on or before February 22, 2019, as to whether they qualified for grants for their children. For families that qualify for a grant award: Provided that registration for 2019-20 is completed on or before the deadline for submission, a tuition credit in the amount of the grant being offered will be applied to the family’s account. Families that do not complete the registration process by the deadline will forfeit any grant that was awarded. Families will forfeit any grant awarded if at any point they do not continue to meet the eligibility criteria set for the grant. 

Should you have any questions regarding this initiative, please contact Debra May at (347) 274-3620 or by email at debra@saracademy.org.

APPLY at: www.saracademy.org/familytag