Financial Aid Policies & Guidelines
St. Andrew’s is committed to meeting 100% of the demonstrated financial need of all enrolled students and all new students offered admission. To enable us to achieve this goal with the finite resources available to us, and to help us make fair and equitable decisions, the following policies, guidelines, and timelines have been adopted.
Financial Aid Policies and Guidelines
- If the parents are separated, divorced, or have never been married, the full process, 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 our understanding of the student’s financial background.
- 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 $20,000 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 in the family 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 fifth-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 may be asked to 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.
- There is limited financial aid available for international students, that is, those students whose parents are not U.S. citizens, or whose primary residence is outside of the U.S., or whose parents earn income outside of the U.S. and/or do not file U.S. taxes. However, no one should refrain from applying and each situation will be reviewed with care. To be considered, please be sure to complete the additional International Student Financial Aid Profile with your Parents' Financial Statement.
Financial Aid Decision Timelines
Financial aid decisions and award letters are mailed with student enrollment contracts. If your child’s financial aid application is not complete by February 15th, and we have not heard from you regarding a request for an extension, both funding and your child’s space at St. Andrew’s may be at risk.
For new students:
- Admission and financial aid decision letters are mailed on March 10.
- To reserve your child's space at St. Andrew's and accept your financial aid package, you must return the enrollment contract and deposit to St. Andrew's by April 10.
For returning students:
- Re-enrollment contracts and financial aid decisions are mailed on April 15.
- To confirm your child's re-enrollment at St. Andrew's, parents must return the signed enrollment contract and deposit by April 30.
As always, please call or e-mail the Admission Office, at 302-295-4231 or firstname.lastname@example.org, if you have concerns about meeting our deadlines, or with any questions in general.