Scholarships: Scholarships based on academic ability are available to Prep students. Sheehan scholarships are given to the top 5% and Ignatian scholarships are granted to the top 10% of those who take the (arch) diocesan admissions' exams or their equivalents (SSAT, etc.). There are also occasional one-time gifts to assist academically gifted students. Should these be available, information about them will be communicated in the acceptance letters. There are no separate or additional applications for merit-based scholarships; decisions on academic scholarships are made based on the results of the admissions exam and a review of the students's grades. All academic scholarships are renewed each year if the student maintains a B average. For more information on the scholarship program, please contact Mr. John Irvine, '83, P'11, Director of Admissions.
Gerald V. Sheehan, '18 Academic Scholarships: The Sheehan Academic Scholarships were created by Mr. Gerald V. Sheehan, '48, to attract to Prep what Saint Ignatius Loyola and his Jesuit companions termed “aptissimi,” or “the very best.” The scholarships cover the entire tuition and the activity fee (all other fees are not covered) during each of a student’s four years at the school. They will also fund his participation in a summer enrichment program. Sheehan Scholars are selected through an interview process. If a student is asked to interview, this will be communicated in his acceptance letter. Please contact Mr. Irvine for more information.
Ignatian Scholars: Ignatian Scholars score in the top 10% for the total Battery on the entrance exam. Students who are offered Ignatian Scholarships will participate in an enrichment program over the course of their freshman year. They will be mentored by a carefully selected team of upperclassmen who will meet with them on a regular basis on a variety of topics such as time management, co-curriculars, spirituality, and prep life. The Ignatian Scholars Team also sponsors lectures and presentations by alumni achievers, service projects, and trips to art galleries and museums. The program is administered by Mr. Juan Arteaga, Program Director and Ms. Trish Fitzpatrick, Program Coordinator.
HAP Grants: A small number of grants are available to those students who participated in the Higher Achievement Program. These are based on both need and dedication to the ideals of HAP.
Endowed Scholarships: Since Prep's founding in 1872, numerous benefactors have provided funds in support of students who otherwise would not be able to afford the school's tuition and fees. A majority of these gifts have been devoted to the creation of endowed scholarships - that is, permanently restricted funds that are invested prudently, and whose annual interest provides a majority of our resources for financial assistance. Currently, there are 130 of these specially endowed funds, each named for the individual, family, or group that made that fund possible. As of March 2013, these combined funds totaled $19.5 million, helping Prep to provide some $2.2 million in merit- and need-based scholarships in this current academic year. The awards are made on an annual basis, and recipients of the need-based grants must complete all requirements that are part of the school's broader financial aid application process, with a result of proving quantifiable financial need.
Scholarship Fund for Inner-City Students (SFIC): Families may qualify for grants from the SFIC. For more inforamtion, please visit their website at www.sficnj.org.
Outside Grants: Prep recognizes no promise of grants from outside institutions, organizations or individuals unless written notice from the granting agency is given to and accepted by the Financial Aid Director.
Athletics: As per New Jersey State Interscholastic Athletic Association (NJSIAA) regulations, Saint Peter's Prep offers no athletic scholarships.