Tuition and Financial Aid

Policies and Guidelines

St. Andrew's is committed to meeting 100% of demonstrated financial need of all families whose children are offered admission. To enable us to do this, with finite resources available, the following policies and guidelines have been adopted. If your child is offered admission and you believe this is the best school for your child, we will do all that we can to understand and meet your financial need and to set a fair and affordable tuition. In addition to tuition, if the Committee believes that additional expenses will be a hardship, the Financial Aid Committee will make additional grants to meet some of those expenses.

• If the parents are separated or divorced, all paperwork, including tax documentation, is requested from both parents.
  
  
• If there are stepparents, the Committee will consider all partners’ assets and liabilities as we review the student’s financial situation. Non-custodial parents must also submit a financial aid application to help complete the student’s financial options.
  
  
• In the interest of equity, if one parent elects to stay at home and not seek employment, the Committee will impute a basic income of $14,000 for the non-working parent. (An exception is made if the parent is at home caring for a non-school age child or an elderly parent.)
  
  
• If multiple children attend tuition-charging schools or colleges, it is expected that the family will be applying for financial aid at all schools. St Andrew’s should not be expected to implicitly subsidize tuition at other schools or colleges.
  
  
• If a parent elects to return to school or to change jobs, or a sibling elects to enroll in a 5th year advanced degree program resulting in a decrease in family financial resources, St. Andrew’s cannot underwrite this family choice with greater financial assistance.
  
  
• If one parent is temporarily unemployed and not disabled, the Committee will review past years of employment history and may recommend educational loans before considering a financial aid award. If a financial aid award is made, the unemployed parent must participate in quarterly financial aid reviews to report on and demonstrate a continued job search.
  
  
• Financial aid grants are annual; a family must re-apply each year they seek financial assistance. When there are dramatic changes in a family’s financial situation due to a significant financial set back, we will do all we can to make it possible for the child to receive the financial assistance needed to continue at St. Andrew’s. At the same time, we expect a family in this situation to make other adjustments to their family expenditures, in addition to seeking financial aid, to help cover the costs of private education. Likewise, when a family’s financial situation improves greatly, the annual grant will be adjusted to reflect the positive gain.
  
  
• International Students (students whose parents earn income outside of the United States) are rarely granted financial aid due to the difficulty in determining financial need in a different currency and tax structure. At most, and in rare situations, an international student may be granted up to 50 percent of tuition.