Tuition for the 2016-2017 academic year is $18,960. Books and supplies are not included. Each year a separate student fee is required and varies per year.
The actual cost to Fordham Prep of educating a student is substantially higher than the tuition we charge. The difference between the tuition we charge and the actual cost to us (our "tuition gap") is made up through continual development efforts and the generosity of the Prep's alumni, parents, and benefactors.
The following merit-based scholarships are awarded each year to students entering the ninth grade with outstanding entrance exam scores and 8th-grade marks. Eligible students are invited for an interview and further testing with their acceptance notice.
Merit-based scholarships are awarded in both full and partial amounts.
Thanks to the generosity of faithful alumni and benefactors, Fordham Prep’s Board of Trustees is able to set aside funds each year for financial aid. Last year, Fordham Prep provided approximately $4.1 million dollars in assistance and scholarships to 45% of Fordham Prep families. Financial aid is awarded based on demonstrated need. Our goal is to maintain a student population rich in talent and diverse in culture, without regard to financial resources. Students are not required to work in exchange for merit scholarships and financial aid. Financial aid is not a loan; no repayment is required.
Please note that financial aid is awarded only to those families whose accounts are in good standing.
The Financial Aid process is confidential. Families are required to complete an application each year and send supporting documents to F.A.I.R. (Financial Aid Independent Review), an outside organization that provides analysis and recommendations to our Financial Aid Committee. Supporting documents include the most recent federal tax return and schedules, as well as W-2 forms and current paystubs. No family will be eligible to receive financial aid until the application is completed.
Families of Prospective Freshman for the class of 2021 (entering September 2017):
Apply between November 1 and December 15. Use 2015 Federal Tax Return.
A response from Fordham Prep will be mailed before registration in March 2017.
Families of Current Students:
Apply between February 1, 2017 and March 17, 2017. Use 2016 Federal Tax Return.
A response from Fordham Prep will be mailed in June 2017.
***Please note that financial aid is allocated to families who apply on time. Those who apply late should not expect to receive aid.
There is no set income cutoff for receiving financial aid. FAIR, Inc., the service that analyzes the financial aid applications, looks at income and assets, making allowances for living expenses and retirement planning. A percentage of the remaining resources is expected to be available for tuition. Two families with the same income may receive different awards, based on the demands placed on that income including the number of children.
Please apply between November 1 and December 15. Go to www.fairapp.com, the website for Financial Aid Review, and use the school password and school code provided above. You will receive a response to your request for aid from Fordham Prep before registration in March.
No. Financial aid applications for prospective freshmen are due December 15th. Families who meet that deadline are guaranteed a response to their request for financial aid before registration. Families who do not meet that deadline risk receiving no aid because funds have already been distributed, or less aid because there is so little left available. In addition, families who apply late will not receive a response before registration in March.
Between February 1st and March 17th. Please use 2016 financial figures to complete the application. Your family will receive a response to your request in early June. Please note that financial aid will only be awarded to families whose accounts are in good standing.
Families of prospective freshman will receive letters before registration in March. Families of current students will receive letters in early June.Please note that financial aid will only be awarded to families whose accounts are in good standing.
You may still apply, and should do so as soon as possible. Please be aware, however, that the Financial Aid Committee will probably have awarded all financial aid monies. If additional money does become available, it is helpful for the Financial Aid Committee to have ready access to a completed application.
Financial aid is generally not available for transfer students. Your family may apply, but you are less likely to receive an award, as priority in the awarding of financial aid is given to currently enrolled students and incoming freshmen. Should additional money become available, however, it is helpful for the Financial Aid Committee to have ready access to a completed application. Please note that after having spent one year at Fordham Prep, a transfer student may apply for financial aid, and his application will be given the same consideration as is given to all enrolled students.
The financial aid budget is set by the Administration and the Board of Trustees. For the 2016-2017 academic year, Fordham Prep awarded $ 4.1 million in financial aid. Fordham Prep and the Financial Aid Committee make every effort to meet the financial needs of each family.
No. Fordham Prep’s Financial Aid Committee uses FAIR’s analysis of each family’s finances as the starting point in its discussions of how much aid to grant. The Committee takes into account extenuating or unusual circumstances that families have noted on their application.
Fordham Prep requires each family to sign our Financial Aid agreement, reminding each student of his responsibility as a member of the Fordham Prep Community to: commit himself to support the mission and philosophy of Fordham Prep, work hard in all subjects so as to perform to the best of his ability, maintain excellent attendance, cooperate with Fordham Prep in keeping in touch with donors and letting them know about his progress, participate actively in the programs and activities of Fordham Prep, be mindful of the generosity of his benefactors and contribute to the assistance of other students in years to come, once he has completed his studies and entered the workforce.