PJDS Affording

Financial Aid

We provide needs-based financial aid to qualified applicants and encourage families to apply. Financial aid is determined each year based on the number of applicants and available funds. Each application is carefully considered based on needs and circumstances, and while we realize that each situation is unique, financial aid is quantified as a dollar figure: consistently and fairly allocated to all qualifying applicants. Over $2,000,000 is awarded to more than 50% of the families.

Our Cozen Scholars Program provides a generous grant toward tuition – and our Affordability Program reduces your financial obligation based on income and number of children. With traditional aid and flexible payment plans, there are many ways you can give your child an extraordinary Perelman education.

Completed financial aid applications are reviewed anonymously and families are notified of their awards by the spring. Funds are limited, so it is imperative that families meet all specified deadlines. Late applications may be considered if funds are still available.

Applications for financial assistance should be made through FACTS by clicking on the FACTS FINANCIAL AID APPLICATION to the right. The deadline for submitting completed financial aid applications is January 26, 2022. Applications are not considered complete until all documents have been received by FACTS. FACTS requires your 2020 Federal tax return and 2021 proof of income such as W-2s, 1099s and business income. Please note, FACTS does not accept tax documentation sent via FAX or mail. All required documentation must be uploaded in pdf format directly to FACTS.

As part of the financial aid process, families may be required to apply for funding through the Educational Improvement Tax Credit / Opportunity Scholarship Tax Credit (EITC/OSTC) tuition assistance program, managed by the Foundation for Jewish Day Schools. Families are notified directly when the EITC/OSTC application process opens.

Contact financialaid@pjds.org for more information.

Jewish day school: Is it worth it?

Affordability

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Cozen Scholars Program

Community leaders Sandy and Steve Cozen have made it possible for more families to afford a Perelman education for their children.

Due to their tremendous generosity and philanthropic vision, the Cozens have offered a $5,000 incentive to new families during the first year that they enroll their children at Perelman. This magnanimous gift will touch the lives of many more families, so that dozens of Cozen Scholars will be Growing Up Perelman.

Qualifying families are those whose total income is between $175,000-$350,000 and are new to the school. After the initial year of enrollment, families may apply to participate in the Perelman Jewish Day School Tuition Affordability Program.

A limited number of Cozen Scholars Incentive Grants are available.
Tuition Affordability Program

The Perelman Jewish Day School Affordability Program is available to both new and current families who fall somewhere in the middle – between those that are able to comfortably pay full tuition for their children, and those that qualify for traditional financial aid.

The program is based on a family’s total income and the number of children they have enrolled at Perelman, allowing families to predict their future tuition payments. Qualifying families are those who have a total income between $175,000-$350,000.

The Tuition Affordability Grid below shows the amount of the grant you could receive based on the number of children that your family enrolls each year.

The grant is in effect for every year your child or children are at Perelman, from Kindergarten to Grade 5, making it easier to plan what your tuition costs will be in the future as your family grows.

2022-23 Perelman Affordability Program Grid

Financial Aid

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FACTS Financial Aid Application
2022-23 Financial Aid Terms and Conditions
By signing this financial aid application, we agree that the information provided in this application is true, accurate, and complete. We authorize Perelman Jewish Day School to verify any information provided herein, and agree to complete – upon request – a Form 4506-T Request for Transcript of Tax Return, so that Perelman may obtain a copy of our federal income tax return from the IRS. Further, if requested by Perelman, we agree to apply for Educational Improvement Tax Credit / Opportunity Scholarship Tax Credit (EITC/OSTC) funding. (Additional information about EITC/OSTC is found in “Financial Aid Policy” below).

Perelman reserves the right to request additional information if needed, and to contact any other sources of financial assistance for which you may have applied. If any of the information provided in this application is determined at a later time to be false, the financial aid award will be nullified, and the family will be held responsible for the full cost of tuition.

Financial Aid Policy:
- Financial Aid applications are reviewed on a case-by-case basis. Financial aid applies to tuition only. All families are required to pay all the mandatory school fees.
- Financial Aid is need-based; amounts awarded are based solely on demonstrated financial need.
- All financial aid applications will be considered based on your 2020 tax information. Your award will be contingent upon the school’s receipt of your 2021 tax information (as described above). The Financial Aid Committee may review the 2021 information if there are any significant changes and Perelman Jewish Day School reserves the right to adjust your financial aid award accordingly.
- The amount of aid provided to each family depends on the amount of aid dollars available and the number of applicants who apply for financial aid.
- Families who apply after the deadline may be eligible for review, pending the availability of funds. Please note that financial aid awards for late applicants will be drawn from a smaller pool of funds.
- All families are required to pay a minimum amount towards tuition, exclusive of the additional mandatory fees.
- Each application is carefully considered based on needs and circumstances, and while we realize that each situation is unique, financial aid is quantified as a dollar figure and is consistently and fairly allocated to all qualifying applicants.
- Financial aid applications will not be considered if there is a past due balance on the current year’s tuition.
- Compliance Requirements: Requests for financial aid are reviewed only after the required financial aid application, enrollment contract, and deposit have been received; and awards are made only upon receipt of 2021 W-2s (which are due by February 9, 2022) and any other information that may be requested by the Committee. The deposit is only refundable in the event that a financial aid agreement cannot be reached, pursuant to the terms of Paragraph 9 “Financial Obligation” in the Enrollment Contract, incorporated herein by reference.
Application Process for Educational Improvement Tax Credit / Opportunity Scholarship Tax Credit (EITC/OSTC) Funds:
EITC/OSTC scholarships – awarded by the Committee - are drawn from a special pool of funds and require a supplemental application and acceptance process, along with an application fee. All applicants for Perelman Financial Aid are required to apply for EITC/OSTC by opting in to the Foundation for Jewish Day Schools on the Schools Page of the FACTS Application, and answering the relevant questions accordingly. Perelman Jewish Day School reserves the right to modify or withdraw your financial aid award if you do not comply. For families that qualify for EITC/OSTC, your financial award may consist of both Perelman financial aid and/or EITC/OSTC funds.

Aid Award Process
Financial aid awards to applicants in good standing (those meeting the conditions outlined above) and who submit Aid applications in full by January 26, 2022, will be issued by February 16, 2022, and are to be accepted by families by March 1, 2022. (Families who apply after the deadline may be eligible for review after March 1, pending the availability of funds. Please note that financial aid awards for late applicants will be drawn from a smaller pool of funds).
Upon receipt of an aid award notification, Applicants are asked to review the award document and accept it by returning a signed copy to Perelman by the deadline indicated in the notice (usually within 10 business days of issuance).

Should you not sign and accept the award – or notify us of your intent to appeal - by the designated deadline, Perelman reserves the right to return the award to the Financial Aid pool of funds.

The criteria for appealing an Aid award, and the appeal process are described below.

Appeals Policy
To appeal the Financial Aid Committee’s decision, either of the following criteria must be met:
1. 2021 income declined by at least 10% compared to 2020 income (submission of your 2021 IRS Federal Personal and Business Tax Returns, including all forms and schedules is required).
2. The family recently suffered a hardship with severe consequences for family finances (a detailed explanation is required).
Appeals may be initiated by notifying us of your intent to appeal at any time after receipt of a Financial Aid Award. After that, the Financial Aid Committee will provide you with an appeal application, which you may submit for the Committee’s review. By signing and submitting your Financial Aid application through FACTS, you agree that you have read and accepted the terms and conditions of this Financial Aid Policy.

Click here to complete the FACTS Financial Aid Application