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Affording Fordham Prep

Financial Aid FAQ's

Last year, Fordham Prep awarded over $4.0 million in tuition assistance 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.

Our separate financial aid application is due no later than Friday, December 11.


Tuition for the 2020-2021 academic year has been set by the Board of Trustees at $21,560. 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 $4.3 million dollars in assistance and scholarships to approximately 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.


 

 


 


 

Financial Aid

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 2025 (entering September 2021):

  • Apply between early September 8, 2020, and December 11, 2020. Use 2019 Federal Tax Return.
  • Responses will be communicated on January 15, 2021 provided your application was completed by the December 11 deadline.

Families of Current Students:

  • Apply between February 1, 2021 and March 15, 2021. Use 2020 Federal Tax Return.
  • A response from Fordham Prep will be mailed in June 2020.

***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: $30 (Visa or Mastercard).
  5. Submit your federal tax return with all schedules, W-2’s and most recent paystubs.  You may upload your documents (in PDF format) via 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.