We understand that the cost of Golda Och Academy education is considerable. An education of this quality cannot be offered any other way. However, through the extraordinary generosity of loyal donors and alumni, Golda Och Academy is fortunate to be able to assist many families with the cost of a Golda Och Academy education.
Tuition Reduction Programs
|
GO Grant (Formerly known as Tuition Subvention) |
Flexible Tuition (Formerly known as Tuition Assistance) |
|
| Amount |
Set award by grade: Pre-K: $ 1,000 limited number of grants available |
25% – 70% of tuition depending on assets, income and expenses. The maximum tuition reduction available is 70% |
| Eligibility |
New and returning students Income Guideline: Tuition is more than 10% of income up to a maximum income of $300,000 for families with multiple children in the school. Eligibility does not guarantee a grant award. |
New and returning students There is no fixed income range for this need-based program. Depends on income, expenses and assets. |
| Disclosure Required | Most recent IRS Form 1040 (without schedules), disclosure of projected income. |
Detailed asset, income and expense disclosure required. Full IRS Form 1040 (with all schedules) and most recent W-2’s required. If income is derived from other sources, supporting documentation is required. |
| Multi-year? | Yes, grants are provided for up to four years. |
Yes, for up to four years if applicant has W-2 income that doesn’t vary significantly from year to year. No, if self employed or income varies from year to year. |
| Deadline | January 31 | January 31 |
| Application Steps | Apply online by clicking here. | Apply online by clicking here. |
| Decision Process |
CFO, Foundation board member and community member review and allocate available grants. Confidential Process: Applicant names and application details are seen only by the CFO and not shared with the committee members. |
Committee of professionals, led by CFO, reviews outcome of objective financial assessment of application. Family’s calculated ability to pay is compared to family’s stated ability to pay. |
| Funding Source | Och Endowment | Annual Shomrei Torah Campaign, Federation allocations, targeted fundraising, endowment earnings. |
More details about financing your Golda Och Academy education can be obtained from our Business Office, 973-602-3775. Please apply for only one of the above programs.
