Tuition Adjustment Program

Q & A about the TWS Tuition Adjustment process

What is Apple Financial Services?

Apple Financial Services is the company that administers the Financial Aid to Canadian Students program for Toronto Waldorf School.

What is Financial Aid for Canadian Students?

The Financial Aid for Canadian Students (FACS) program is a method of determining levels of tuition reduction for families in need. 

What is a Parents' Financial Statement?

A Parents' Financial Statement (PFS) is a written, confidential statement of your net worth and of your ability to pay TWS fees, and an application for a tuition adjustment. After you submit a Parents' Financial Statement to Apple Financial Services, Apple provides TWS with an analysis of your ability to contribute towards the educational expenses of your children, and a recommendation regarding a tuition reduction (if any). 

Apple processes the statement in keeping with standards and procedures developed by TWS's Tuition Adjustment Awards Committee. The basic view of TWS is that parents should finance their children’s education to the extent they are able.

Apple Financial Services sends Toronto Waldorf School a copy of your financial statement and an analysis of it. When you send a statement to Apple, you are giving permission for an analysis to be done and for Apple to send a suggestion of the required parental contribution to TWS. The suggested family contribution is based on your 2008 projected income and assets.

If you are applying for aid for more than one child at TWS, generally you need to complete only one form. Each year that you apply for financial aid, you must file a new PFS with Apple.

Who makes the final financial aid decision?

Apple Financial Services does not make decisions about the amounts of financial aid awarded. Apple makes recommendations only. The final decision is made by the Tuition Adjustment Awards Committee of Toronto Waldorf School.

Please direct any questions you may have about the award to Darlene Gregoire, our business manager, who works with the Tuition Adjustment Awards Committee, at 905-881-1611 ext. 310 or by e-mail at dgregoire@torontowaldorfschool.com (not to FACS or to Apple).

How do I complete the Parents' Financial Statement (PFS) form?

Please provide on the form all the information requested in order to avoid a delay in processing the report. You must provide dollar amounts for all taxable and non-taxable income for the previous and next tax year. If you send FACS an incomplete statement, you may receive a follow-up phone call. The processing of your statement will not be completed until this information is received.

If parents are separated or divorced, the student’s parent who contracts with the school to be primarily responsible for all costs should complete the form. In most instances, this will be the custodial parent and his or her present spouse. The school may require the non-custodial parent to complete a separate form or to include any step-parent information. If someone other than the parent is financially responsible for the student, that person should complete it and explain his or her relationship to the student.

As you complete the form, you should know that the information that you provide will be held in complete confidence. Only the Toronto Waldorf School will be sent your financial information and the FACS analysis.

What is the cost for Apple Financial Services to process the PFS analysis?

The fee will be paid by Toronto Waldorf School.

Can I change the information I submitted on the PFS?

If information first submitted on your financial statement changes, please notify Apple Financial Services so that a new analysis of it can be completed. Do not send another form. Describe the changes and provide any new dollar amounts. Apple will send the revised information to Toronto Waldorf School. Revised reports of suggested parental contribution will be sent to TWS if you added or corrected information that results in a change of $2,000 in your total income or a change of $5,000 in your net worth. Be sure to include your full name, school, and current mailing address in all correspondence with Apple.

What do I do after I have completed my PFS?

Mail your completed form by the date your contract is due to:

Apple Financial Services
200 Burndale Ave.
North York, Ontario  M2N 1T3
(416) 730-9900
(Office hours: 9 am - 7 pm)

applefinancial@rogers.com
 

The Toronto Waldorf School privacy policy is available on request.

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