Financial Aid
At Park Tudor, we’re committed to expanding children’s understanding of the world and the opportunities they encounter. Through scholarships, payment plans and need-based financial aid, we work toward making a Park Tudor education feasible for deserving children throughout our area.
In response to the growing need for financial aid, Park Tudor extended the financial aid budget for the 2009-10 school year. Last year, Park Tudor awarded more than $2.8 million in financial aid to nearly 33 percent of our student population. The average amount of a financial aid award was $8,500.
A recent survey of public school parents revealed that 57 percent would enroll their child in a private school if they believed they could afford to do so. However, most families interested in a private education never investigate the opportunities. A number of financing options can make a private school education possible. Awards are made not only to families whose ability to pay is limited, but also to those of more substantial means who may need only a small subsidy to meet our tuition charges.
Asking about financial aid options will not hurt your child’s chances of admission to Park Tudor. Please call the Admissions office at (317) 415-2777 to explore your options.
To apply for financial aid, please visit the School and Student Service for Financial Aid and complete a PFS form.
Scholarships
Park Tudor awards more than 100 students in grades 9-12 almost $625,000 in academic scholarship funds. The sizes of the scholarships range from $500 to full tuition, with an average award of more than $6,000. Many students earning scholarships also receive financial aid.
Freshman Honor Scholarships – Each year Park Tudor awards a limited number of scholarships to students who demonstrate outstanding academic performance. This scholarship covers 50 percent of a student’s tuition costs.
Park Tudor Honor Scholarships – Students entering the Upper School will be considered for this scholarship, which is a grant of $2,500.
Appleseed Academic Honor Awards – Twenty or more scholarships are awarded annually to students in grades 6-12 to increase the diversity of Park Tudor. The recipients of this award have up to 100 percent of their demonstrated financial need met and receive an additional stipend equal to 10 percent of their tuition. The Park Tudor Admissions Office reviews the academic and extracurricular strengths of each applicant and selects the recipients. The scholarship is renewable annually, as long as the recipient earns at least a B average, receives passing grades in all courses, maintains a good disciplinary record, and is involved in the life and activities of the school.
Named Scholarships – A number of scholarships have been established to recognize Park Tudor students who demonstrate excellent scholarship and make outstanding contributions to the school in academics, citizenship and extracurricular activities. Many, but not all, of these awards are given to students who demonstrate financial need. These scholarships range from $500 to full tuition. Most are renewable.
Frequently Asked Questions
Q:
What options are available for financing a Park Tudor education?
A: There are several options: - Annual, bi-annual, and quarterly payment plans
- Park Tudor financial assistance
- Limited merit awards for students in grades 9-12
- Appleseed Awards for diverse students in grades 6-12
Q:
If I apply for financial aid, will it affect my child's chances of being admitted?
A: No. The admissions process is blind to the need for financial aid. A child's acceptance to Park Tudor is based solely on the strength of the application. Once a child is accepted, the financial aid requirements are addressed.
Q: How is eligibility for financial aid determined?
A: Financial aid at Park Tudor is based on demonstrated need as determined by the School and Student Service (SSS) in Princeton, New Jersey, the same organization that determines college financial aid. All family resources, including income and assets, are analyzed in this process.
Q: How do I get a financial aid application?
A: The School and Student Service (SSS) offers an online application at http://sss.nais.org .
Q: What if my tax information is not available at the time of the application deadline?
A: We understand that your 1040 Income Tax forms may not be ready by our application deadline. Therefore, please ESTIMATE your tax information on the PFS. When your income tax form is complete, we will expect you to mail a copy to SSS by mail, fax or e-mail. Remember, we must have a SIGNED copy of your income tax return, W-2 forms and any associated schedules.
Q: What is the deadline for the financial aid application?
A: Park Tudor’s deadline for filing your PFS directly to SSS in Princeton, New Jersey is January . Families who file after the deadline place their financial aid at risk; at this point, the process shifts to a first-come, first-served basis.
Q: What if I have more than one child applying for financial aid? Do I have to complete a form for each child?
A: No, you do not. The financial aid form allows you to include information for up to three children. If you have more than three children applying, please request another PFS form.
Q: If I am the non-custodial parent, do I have to file a financial aid form?
A: Both custodial and non-custodial parents are required to complete the PFS form.
Q: When will our family be notified of our financial aid award?
A: Tentative grant awards will accompany the acceptance letter, which will be mailed in mid-February for grades 9-12 and in mid-March for junior kindergarten to grade 8.
If you can’t find the answer to your question here, please e-mail us .