2008-2009 Tuition & Fees

Boarding Students:


Day Students:


FINANCIAL AID

Download our Financial Aid Guidelines pdf.

In essence, every Proctor student receives a financial grant because our tuition fee does not cover the total cost of educating a student. Annual giving and endowment interest help to support the operational costs of the school.

Boarding school tuition represents a significant investment for most families. Accordingly, Proctor Academy maintains a generous financial aid budget. Unfortunately, the budget is not large enough to meet the demonstrated need of every applicant because annually, nearly half our applicants for admission also apply for financial aid. As a result, some students are admitted without aid.

Admission and financial aid are separate processes. Admission decisions are not based upon a family’s ability to pay. Once a student is admitted, the Financial Aid Committee determines whether the school will be able to meet the need of the family. Need is defined as the difference between a family’s discretionary resources and the cost of tuition.

Proctor’s need-based financial assistance program is guided by the National Association of Independent Schools’ “Principles of Good Practice for Financial Aid Administration.” The School and Student Service for Financial Aid (SSS) is used to help define our need-analysis computation procedures. The Financial Aid Committee makes a final determination taking into account each family’s resources and individual circumstances. Families should identify all possible resources for funding a Proctor education before seeking financial assistance from the school.

How to apply for financial aid:

ONLINE APPLICATION

• Download Proctor’s Financial Aid Guidelines
• Direct your browser to https://sss.ets.org/pfsHome.do
• Select "Start a New PFS" and follow the provided directions
• Send a copy of your 2007 and 2008 tax returns, schedules, W2 Forms and form 4506 to the financial aid office by February 15th.

PAPER APPLICATION

• Indicate to the admission office your desire to apply for financial aid.
• After November 1st, we will send you a Parent’s Financial Statement along with our guidelines and supplementary forms. You may also apply online: https://sss.ets.org/pfsHome.do
• Send the completed PFS to School and Student Services for Financial Aid prior to February 15th.
• Send a copy of the PFS, along with a copy of your 2007 and 2008 tax returns, schedules, W2 forms and form 4506 to the financial aid office by February 15th.

LOANS

For many families, a third party loan can help make tuition payments possible. The following are helpful resources: The prepGATE K-12 Educational Loans www.prepgate.com 888/353-4283

SimpleTuition, 1-800-690-9065 SimpleTuition

Key AchieverLoan www.keybank.com 800/KEY-LEND The National Association of Independent Schools maintains a list of scholarship and grant providers