About the Methodology

As a service created by schools and for schools, Ravenna Financial Aid is strengthened by its collaboration with NAIS.
Ravenna Financial Aid maintains a collaboration with NAIS by using the NAIS needs assessment methodology within the Ravenna Financial Aid software platform to calculate the ability of families to pay tuition. The origins of the service and the methodology began in the mid-1950’s with a coalition of independent boarding schools that later entrusted NAIS to operate the service in 1968. In 2016, NAIS entered into a collaboration with VenturEd Solutions, whereby NAIS maintains stewardship of the methodology used in the Ravenna Financial Aid software platform, updating and improving it to remain relevant to current economic realities. NAIS collaborates with Ravenna Financial Aid in the interest of improving financial aid solutions to schools that are reflective of NAIS standards of best practice in financial aid management.