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Our Committment to Access:
PacBay is committed to ensuring socioeconomic diversity in the student body and recognizes that tuition and fees are a large financial commitment for families. For many, it’s a significant barrier for entry. While it is the School's philosophy that the family bears the primary responsibility for supporting the education of their child, we have a Tuition Assistance Program in which interested families can apply for assistance based on their financial picture. The Program entails an assessment of the family's ability to pay independent school tuition, determines if a family is eligible, and then offers a reduction in tuition based on the amount a family can pay.
PacBay considers the following factors to determine a family's financial strength and, therefore, an offer of tuition assistance.
Assets
Family assets may include: taxable wages, if self- employed, income drawn as salary but not included as business profit, taxable dividend and/or interest income, alimony received, pensions, annuities, rent, royalties, estates or trusts, household expenses paid by separated or divorced spouse in lieu of alimony, unemployment compensation, capital gains, taxable IRA distributions, Keogh plan payments, profits from a business, child support received, Social Security benefits, real estate, vehicles, bank accounts, investments and student income/assets.
Expenses & Debt
Typical expenses and debts: educational expenses, encumbrances against home, medical/dental expenses, debts for investments, prolonged illness, unemployment, past business debts, uninsured natural disasters, past funeral expenses, legal fees, nursing home/assisted living care, closing costs for home purchases/refinancing, child support, costs for a child with special needs, and child care.
Non-Working Parent
If all children in a family are over the age of six, it is expected that both parents will be employed. If one parent chooses not to work, we input a full-time income at minimum wage ($14.00/ hour or $29,120) to that parent for the purposes of calculating Tuition Assistance.
Filing Status
If all children in a family are over the age of six, it is expected that both parents will be employed. If one parent chooses not to work, we input a full-time income at minimum wage ($14.00/ hour or $29,120) to that parent for the purposes of calculating Tuition Assistance.
Tuition Assistance Application
The application is self-guided. You may navigate in and out of the program allowing you to partially complete an application and go back to it at another time. Refer to the FAST Parent User Guide for instructions on how to navigate the online application. The 24/7 Customer Service phone number is (877) 326-FAST. There is a $45 charge assessed by FAST for the application, which is due by credit card at the end of the session.
After completing the online application you will be required to submit your 2020 state and federal tax returns with all supporting schedules and W-2’s.
