Your financial circumstances need not keep you from joining Pine Hill at High Mowing School. Applying for financial aid will not hinder your application in any way. We provide the support you need to get here by working closely with you to understand your family’s individual circumstances.
The New Hampshire Children's Scholarship Fund (formerly Network for Educational Opportunity) provides scholarships for students who are struggling in their current school to allow them to attend a school that is a better fit for them and their learning needs. Scholarships are awarded to students based on highest financial need, funds raised, and the metrics in the Education Tax Credit law for tuition for private school, a public school outside of the student’s district or for homeschooling expenses. Several of our students have received awards from these funds as they entered the school, and we encourage you to investigate this opportunity to see if you are eligible.
A 529 plan is a savings plan originally developed to help families save money for college while earning tax-free interest. If the money is used for tuition upon withdrawal, no additional taxes will be taken out.
Plans are managed by individual states. Each state selects an administrator to broker investments in the plans. Most families open plans - either on their own or with the help of a financial advisor - in their own state of residence, but one can also open a 529 plan in other states.
Previously, the purpose of 529 accounts was to provide families with a long-term savings option for higher education. As of January 1, 2018, those benefits have extended significantly to allow families to use up to $10,000 annually from their 529 accounts to cover the cost of tuition for K-12 private schools.
If you already have a 529 account and you’ve had a chance to let the interest accrue, it may be beneficial to use some of those savings now. If you have not yet started a plan but think you might like to, now is a good time to take another look. A variety of options is available, depending on the age of your child and other factors.
Select a beneficiary (likely your child, though the account may be transferred to a different beneficiary later).
Gather the address, social security number, and date of birth of the beneficiary.
Work with an investor to determine which account is best for you. You may choose an age-based option taking into consideration the risk level you are comfortable with: conservative, moderate, or aggressive plans. Additionally, you can custom-select from individual portfolios.
Have your bank account information (account and routing numbers) handy to set up transfers.