Tuition Assistance is available to St. Philip’s students based on demonstrated need. Please be assured that final admission decisions are in no way influenced by a request for aid.
St. Philip’s uses the Financial Aid for School Tuition (FAST) to fairly determine qualification for Tuition Assistance. Based on parent-supplied information, FAST provides an analysis of a family’s finances and determines a suggested contribution for educational expenses. FAST is a service of the Independent School Management. FAST notifies St. Philip’s of the recommendation. To begin your Tuition Assistance application for the 2020-2021 school year, follow the steps below.
Tuition Assistance Checklist:
- Beginning November 1, 2019 go to the FAST application page.
- Click on the prompt to begin your FAST application. You only have to complete one application, even if you have more than one child applying.
- Parents will be given a password that will allow you to return to your application at a later date before submitting it. FAST application must be completed by January 15, 2020.
- Families are required to submit copies of their 2018-1040 tax forms, 2018-W2 forms, 2018-1099 forms (if applicable) directly to FAST.
In order for the Tuition Assistance committee to process all tuition assistance applications in a timely and equitable manner, we ask that you send us the information requested by the deadline of January 15, 2020. We cannot guarantee the availability of funds to families if tuition assistance forms are submitted later than the deadline. Incomplete tuition assistance applications will be placed on a tuition assistance wait list and will be processed as funds remaining in the tuition assistance budget permit.
All financial information is confidential.
FAQ’s: Tuition Assistance
What kinds of tuition assistance does St. Philip’s Episcopal School offer?
St. Philip’s Episcopal School awards tuition assistance based on a family’s ability to pay as determined by Independent School Management Financial Aid for School Tuition (FAST) and a review of the family’s financial records. Awards are applied against tuition expenses for a given year and require reapplication each year. Awards are not intended to cover 100% of the cost of attending St. Philip’s; all families are expected to contribute to the cost of their child’s tuition.
How does our family apply for tuition assistance at St. Philip’s?
To apply for tuition assistance you must submit a number of tax documents and complete a FAST application as outlined on the St. Philip’s Tuition Assistance webpage. In order to be considered in the first round of tuition assistance decisions.
These materials must be filed online no later than January 15, 2020.
What happens if a student’s parents are divorced, separated, or unmarried?
In the case of divorced, separated, or unmarried parents, St. Philip’s considers the assets and income of both natural parents, if living, before making any award, and cannot be bound by the assertion that one parent has disclaimed responsibility for educational expenses. Both the custodial and non-custodial parents must complete a separate FAST application.
Is tuition assistance guaranteed every year?
Reapplication for tuition assistance is required every year, and continued assistance requires that your family’s financial circumstances have not changed substantially and that all tuition assistance application materials are completed on time. Your tuition assistance award may increase, decrease, or remain the same depending on changes in financial circumstances from year to year. It is extremely important that families adhere to all deadlines.
Both parents are expected to contribute to tuition. If a parent chooses not to work, St. Philip’s will typically consider the earning power of a non-working spouse if there are no legitimate, documented reasons for the spouse to be unemployed.
At St. Philip’s we are blessed by families and individuals who support our school by contributing to the Annual Fund, which allows the school to bridge the gap between tuition revenue and the cost of educating our students.
Participation in this fund is critical to achieving our mission and allows us to provide superior student programming and faculty professional development. We request that all families participate in this effort at a level that fits their budget so that the school can achieve its mission and participation goals.
