The deep-rooted policy of the College’s Financial Support Scholarship Program has been to consider requests from parents who are experiencing financial difficulties. Further to College’s mission statement and decades old operation policy, the Program provides financial aid (tuition discount) based on the family’s financial situation/economic need rather than on the student’s academic performance. Through this Program, the College assists hundreds of students each year.
Pursuant to the long-established principles of the College, the financial aid provided is traditionally looked upon as an “honor debt” that recipients are expected to settle whenever, and to whatever extent, their future financial status permits.
General Information
Applications for Financial Support for the tuition fees of the following academic year are submitted to the Scholarship Office within predetermined deadlines for each year.
Decisions on the granting of Financial Support Scholarships are made by the Scholarship Committee, comprised of its President, members of the Administration and Faculty of all HAEF school units.
Their decisions are valid for one school year, therefore, students who wish to continue to receive assistance must resubmit an application every year.
Particulars submitted to the Scholarship Office together with the application form are used solely for the purpose of deciding on whether or not to grant financial aid, are kept in the strictest confidence and are to be communicated exclusively to applicants . Applicants must give their irrevocable consent to allow the Scholarship Committee to retain all documents and information for a period of three years from the time they were submitted.
The Committee’s decision is irrevocable. A review of the application, following the Committee’s decision, is only possible in the event of a drastic change in the family’s financial or personal situation, which must be substantiated by submitting new documentation. Applicants must immediately notify the School of any significant change in financial status or property ownership, whether it be positive or negative. The Committee, in certain cases, may visit the applicant’s home or business further to prior consent.
Financial aid is awarded for one school year at rates ranging from 10% - 100% of tuition fees, in accordance with the criteria set out in the relevant notice published each year
Criteria
Criteria for the granting of Financial Support include: family’s annual income and financial status from the previous three years, family assets and the manner in which they were obtained, as well as family circumstances (such as, divorce, unemployment, illness, other relevant information relating to the parents’ professional activity/activities, financial burdens/obligations, etc.).
Parents or guardians who will not be able to apply for financial assistance are:
a. those whose children attend "John M. Carras" Kindergarten
b. those whose children receive any other category of Scholarship by HAEF (i.e. Merit, Special Interest etc).
c. those who will make use of the HAEF discount for upfront payment of tuition fees and/or the discount for 3rd, 4th, etc. child
d. those who owe any overdue amount toward HAEF without having reached a settlement agreement
e. those who have reached a settlement agreement for their overdue debts toward HAEF, but have not complied with the terms of the settlement
f. those who have agreed to pay the tuition fees by underwriting debt.
g. those who have provided incomplete or inaccurate information on the application form.