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Financial Aid FAQ's

Last year, Fordham Prep awarded over $4.0 million in financial aid to our student body.

During the COVID-19 pandemic, Fordham Prep has supported over 150 families affected by the crisis by offering additional tuition assistance.

For prospective students in the Class of 2027, our separate financial aid application is due no later than Friday, December 2.


Tuition for the 2022-2023 academic year has been set by the Board of Trustees at $22,960. Books and supplies are not included. Each year a separate student fee is required and varies per year.

The real 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 faithful alumni, parents, and benefactors.

Last year, Fordham Prep provided approximately $4.0 million dollars in financial assistance to approximately 46% 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.

Through its Financial Aid program, Fordham Prep attempts to meet the financial concerns of its neediest students.  This not only includes support for tuition but also includes items such as:
  • lunch
  • technology (including laptops)
  • Global Education trips
  • sports participation fees
  • SAT/ACT preparation classes. 

This is to ensure that all members of the student body can participate fully in the life of the Prep.  In addition, in coordination with the Fordham Prep Mothers' Club, on an anonymous basis, Fordham Prep supports families for meals during the holidays.  

Please note that financial aid is awarded only to those families whose accounts are in good standing.


 


 

Financial Aid Application Instructions

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 2027 (entering September 2023):

  • Apply between September 1, 2022 and December 2, 2022. Use 2021 Federal Tax Return.
  • Responses will be communicated with your admissions decision provided your application was completed by the December 2 deadline.

Families of Current Students (Classes of 2024, 2025, 2026 - for the fall of 2023):

  • Apply between February 1, 2023 and March 15, 2023. Use 2022 Federal Tax Return.
  • A response from Fordham Prep will be communicated in June 2023.

***Please note that financial aid is allocated to families who apply on time. Those who apply late should not expect to receive aid. ***

Application instructions:

  1. Setup an account at                          www.fairapp.com
  2. When prompted, supply the following:                                               School code: 169                                                           School password: fps169
  3. Complete the application.
  4. Pay the fee: $33 (Visa or Mastercard).
  5. Submit your federal tax return with all schedules, W-2’s and most recent paystubs.  You may submit them; Via upload on the FAIR website after you have completed your application OR Mail copies to the address below.

FAIR, Inc.
P.O. Box 211423
Eagan, MN 55121

Merit Based Scholarships

In order to be considered for a Merit Based Scholarship, students must have:

  • Excellent grades (an average of at least a 90 or above in 6th, 7th, and 8th grade)
  • An excellent score on the High School Placement Exam (HSPT). Applicants who do not take the HSPT will not be considered for a Merit Scholarship. 
  • For more information about Fordham Prep's Merit Scholarship Exam, please click here.