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Prep's tuition is comparable to
other private schools in the area, but Prep has more financial aid
available than any other high school. No student should miss out on a
Prep education because of lack of money.
As a private school, Prep
is dependent on tuition to cover its operating expenses. Although
tuition and fees for this year are an average of $7,085, the actual cost to
educate a student is $9,535. The difference of $2,450 per student is
made up by a combination of our endowment, the contributed services of
the Jesuits and fund - raising. The tuition is paid in advance of each
quarter unless other arrangements, such as monthly payments, have been
made.
As far back as 1911, even
before tuition was charged, Prep provided jobs at school to help
students pay their expenses. To assist those students who qualify
academically but who cannot afford tuition, Prep has established a
financial aid program similar to those commonly offered by colleges and
universities. Financial aid is available in three forms: Work Grants,
Financial Assistance Grants, and Scholarships.
- Work Grants - Students who qualify, work at
the school during the summer and/or the academic year. The $6 per
hour "wage" is credited toward tuition. Under this
program, tuition credit can be earned in a variety of jobs
including: Cleaning or groundskeeping, switchboard operator, and lab
or library assistant. The student must complete 150 hours of work to
fulfill the work grant. For more information contact Mary
McGuire.
- Financial Assistance Grants - This
plan is available to those students who need additional support
beyond the work grant program and is based on the family's ability
to pay. Money given is directly applied toward tuition costs.
- Scholarships -
- Academic
- Based solely on the January entrance exam score.
- Archdiocesan
- Based on need and parish grants based on leadership.
(Check with your parish for information and application form.)
- Special
scholarships based on specific criteria and not solely on
need. (Scholarships are usually not based on need but on
academics or other factors.) How does it work? A freshman was
granted an academic scholarship and because of need, he also
received a work grant and other financial aid.
Freshman tuition $6,935
Work Grant $900
Financial Assistance $3,500
Balance Due $2,535
Here are two examples of
families who qualify for financial aid: Mrs. Jones is the sole supporter
for her two sons. She earns $29,000 a year. Her son, John, a sophomore,
has qualified for $3,360 of financial aid and a $900 work grant. John
has also received a $200 Archdiocesan scholarship. He works for the
maintenance crew during the fall so that he can still compete on the
wrestling team during the winter months. John will receive a total of
$4,460 in financial assistance. Mrs. Jones is responsible for $2,575 of
her son's tuition.
Mr. and Mrs. Smith have
four children. Two sons attend Prep, a senior and a freshman. Mr. Smith
earns $45,000 per year ; his wife works part - time earning $10,000 per
year. The freshman qualified for $3,500 in financial assistance plus a
$900 work grant. The senior, having an outside job, is expected to
contribute to his education. He receives $3,500 in aid. The
total aid to the family is $7,900. Mr. and Mrs. Smith are
responsible for $6,270 of their sons' tuition.
The Financial Aid form is
given to all students at the Entrance Exam in January. Complete the form entirely and
include all requested additional information. Return to the Prep
Business Office no later than the date shown on the financial aid form.
It is essential that the form be returned to Prep by the deadline.
Applications for financial aid must be made each year a student attends
Prep.
Please contact Mrs. Mary Mortensen in our business
office (393-1190 x310) (Email)
to discuss your needs.
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