What Distinguishes FFNA From Other Financial Aid Companies?
Founder has 19 years experience as an administrator in Christian
education. “I understand Christian education, and I have been
where you are!”
FFNA has been doing financial aid assessments since 1991. Financial
aid assessments are our primary business.
FFNA believes that financial need is best determined by looking
at one’s income rather than income plus expenses.
("Personal example as to why we came to this conclusion in our
own school years ago: A parent called to see how much money she was
going to receive for financial aid. When she was told that the financial
aid committee would not meet until the following week, she said, “Well,
I have to know right now because we’re leaving tomorrow to go
to Disney World.”) FFNA concluded that it is impossible to assess
what are legitimate expenses versus expenses that are incurred by poor
choices. Our formula does take into consideration normal expenses, and
we do look at extraordinary expenses such as outstanding medical costs
not covered by insurance and any changes that may occur in a family’s
income such as a divorce or loss of job.
FFNA’s desire is to help schools charge what it costs to operate
a school in order to offer a school of excellence. At the same time
FFNA encourages families to participate in Christian education regardless
of their socio-economic status.
FFNA’s formula for assessment of need is based upon biblical principles
found in II Corinthians 8: 13-15:
“Our
desire is not that others might be relieved while you are hard pressed,
but that there might be equality. At the present time your plenty will
supply what they need, so that in turn their plenty will supply what
you need. Then there will be equality, as it is written: ‘He who
gathered much did not have too much, and he who gathered little did
not have too little.’”
FFNA does not ask the question “How much do you estimate
you or your spouse can pay toward your child’s tuition."
Most families have more expendable income than they realize by changing
their spending habits, such as not eating out as often, by not driving
a new car, etc. Our experience has been that families will request more
aid than they often qualify for based upon need assessments. Receiving
aid should be viewed by the family as a positive factor rather than
a disappointment because the family did not receive as much aid as they
asked for. Financial aid should always be need-based rather than emotional-based.
FFNA generally does not recommend including in the financial
aid assessment college tuition or tuition for other private schools.
With FFNA’s formula, it would be to the parent’s advantage
to have all the children in the same school because income is compared
to the total tuition cost. To use other schools’ tuition, such
as college, means that the school funding the financial aid (our client
schools) would be supplementing the tuition at other institutions. In
many instances those who qualify for aid with FFNA will also qualify
for some financial assistance in college through either Pell Grants,
work-study programs, etc. However, FFNA does work with sister school
situations, and adjustments can be made to assist a school in this area
should the school desire.
| WHAT
ARE SPECIFIC ADVANTAGES OF USING FFNA? |
The
application is simple and parent-friendly.
Applications are available both in paper form from your school as well
as on-line by clicking here.
Different processing times are available to meet the needs of
the parents and the school.
Regular processing (paper application) assessments are returned to the
school in approximately four weeks. On-Line Regular assessments are
returned to the school in approximately two weeks. Fast Back assessments
(both paper applications and on-lines) are returned to the school in
approximately 2 – 3 business days. Schools normally do not have
to utilize the Fast Back service if they assign mail deadlines for their
parents; however, the Fast Back is available for many parents who wait
to the last minute to apply or for those who register late.
Cumulative Board Reports and Tracking Reports are available
on-line for daily review; however, friendly, knowledgeable customer
service representatives are also available whenever you have a question
or need.
Corrections, changes (such as children added or removed), and
appeals are available at no charge to the school or to the parent.
An Appeal Form may be downloaded by clicking
here
Reports may be sent to the school via e-mail, fax, or U.S. mail,
per school’s preference.
Schools have the ability to determine a maximum amount of aid
to be received by the parent.
FFNA offers an Adjustment Rate click
here at no charge that allows schools to stay within their financial
aid budget.
(Once all assessments have been completed, we will determine your adjustment
rate by dividing your financial aid budget by the total aid for which
the parents qualified. We will then recalculate and run new reports
using the adjustment rate to assure that you do not exceed your budget.)
Customization or adjustments are available to meet specific
school needs.
Just give our office a call to discuss your needs.

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