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Financial Aid

Early Financial Aid Decision for the Class of 2021 only: In order to receive early Financial aid notification in time for Registration Day, Financial Aid applications for the Class of 2021 must be submitted no earlier than October 2, 2016 and no later than November 30, 2016. Please scroll down for details on how to apply.

There will be a presentation on the Financial Aid process during Open House on October 2, 2016

Saint Peter's Prep Financial Aid Mission Statement:

Saint Peter's Prep is deeply committed to making its education available to qualified students and attracting a diverse student body. We award financial aid grants based on demonstrated family financial need. The amount of financial aid is based upon the availability of funds in the given academic year's financial aid budget which is privately funded through the generosity of our donors and families.
 
In keeping with Catholic Social Teaching, specifically the Preferential Option for the Poor, Financial Aid is awarded primarily to families with the most financial need. Financial need is determined by the ability to meet basic needs such as food, clothing, housing,  utilities, health care and employment. Applications are evaluated based on a family's financial ability to meet these basic needs. 
 
The primary financial responsibility for a student's education rests with that student's parents or guardians. Financial aid funds are not intended to finance a student's entire tuition and should be considered supplementary to the parents' expected financial investment. Therefore, all families are expected to pay a portion of tuition expenses.
 

Financial Aid Application Deadlines:

Due to increasing demand for financial aid each year, our financial aid funds are limited and allocated quickly. As a result, there may not be any financial aid available for families whose applications are filed after the deadlines.

Class of 2021 only: In order to receive early financial aid notification in time for Registration Day, Financial Aid applications for the Class of 2021 must be submitted no earlier than October 2, 2016 and no later than November 30, 2016. Please scroll down for details on how to apply.

Class of 2018, 2019, and 2020:

Financial Aid for  Academic Year 2017-2018:  Applications are being accepted no earlier than February 2, 2017 and no later than April 15, 2017. Award notifications will be made after May 15, 2017.

Financial Aid Application Procedure and Policies:

Need based financial aid is awarded for a period of one academic year. Families must reapply for financial aid each year the student attends Prep.  Those who are interested in receiving aid need to enroll in the FAIR process of estimating financial aid. Prep cannot award aid to anyone who has not completed the FAIR process.  All Financial Aid applications must be processed by FAIR. (DO NOT apply for Prep Financial Aid through FACTS)  Instructions can be found here

The FAIR website will ask applicants to provide Prep's School Code and Password. They are:

School Code: 144 

Password: spps144

FAIR's phone number for technical support and other questions is: 877-676-3247

FAIR's Fax number is 651-204-0013

The FAIR application is available through the FAIR website at www.fairapp.com.   

DO NOT apply for Prep Financial Aid through FACTS

Click here to begin the online financial aid application process   

Click here for more information

The total maximum need based financial aid award per student for families who qualify is $7,500

Please contact Mr. Frederick Galano, Director of Financial Aid, at 201-547-6382 or via email at galanof@spprep.org if you have questions. We are here to help.

Policy for Divorced Parents

In the case of divorced parents who file for Financial Aid, each parent’s need is evaluated independently of the other’s. The tuition payment responsibility stipulated in the divorce decree is used as the basis for allocating financial aid. Unless specifically stated in the divorce decree, Prep assigns equal responsibility to each party for determining need. Therefore, if only one parent files a financial aid application, financial aid will be determined and awarded only for that portion of the tuition which is the filing parent’s tuition payment responsibility; the non filing parent will be expected to pay his or her portion of tuition in its entirety. Award amounts may be changed at any time based on current and subsequent terms of the divorce.

A copy of the Divorce Agreement is required in order to determine how financial aid will be allocated up to a total maximum award of $7,500 per student to be divided among the parties as determined by the agreement.

Please contact the Director of Financial Aid for clarification or questions.

Contact  us:

Fred Galano
Director of Financial Aid
Saint Peter's Prep
144 Grand Street
Jersey City, NJ 07302
 
201-547-6382
 

Other financial aid opportunities:

The Scholarship Fund for Inner City Children--for families with children attending Catholic schools within the Archdiocese of Newark (Bergen, Essex, Hudson, Union County)

The Scholarship Fund for Inner-City Children invites you to apply for a partial-tuition scholarship  for your child for the 2017-2018 school year. Partial-tuition scholarships are awarded based on  financial need without regard to race, religion, or ethnicity.

Applications for the 2017-2018 Scholarship Fund for Inner-City Children (SFIC) will be available starting January 30, 2017, at www.sficnj.org.  The deadline is April 30, 2017.