Financial Aid FAQs
How do I apply for financial aid?
You may request a financial aid application from the Admissions Office or fill it out online here. Your child will need to visit St. Mark’s and receive the admissions evaluation before you are notified of financial aid. Students currently receiving financial aid will be mailed the application automatically. The Parents Financial Statement of the financial aid applications must be completed and mailed to the School and Student Service (SSS) for Financial Aid by February 1. The applicant must forward copies of all income tax forms and schedules that were filed with the Internal Revenue Service for the current tax year by March 1. All submissions are confidential and only reviewed by the School’s Financial Aid Committee for eligibility determination.
How is need determined?
Financial need is determined by the School’s Financial Aid Committee, which uses the confidential Parents Financial Statement, income tax returns, and the School and Student Service for Financial Aid as a guide. School and Student Service collects information that is submitted by parents to assist our committee in determining need. Through all submitted materials, the committee then determines who receives aid and how much aid to grant.
Must a family have a very modest income in order to receive financial aid?
No. Net income is not the only factor used in making financial aid decisions. Assets, debts, and number of dependents has a considerable influence on financial aid decisions.
How much financial aid may I expect to receive?
Each award is individualized, based upon the financial picture of each applicant.
What grade levels receive financial aid?
Students enrolling in kindergarten-sixth grade may receive assistance.
Are decisions regarding admission and financial aid related?
All admission decisions are made without regard for financial aid.
Are there other ways of paying school expenses besides receiving financial aid directly from St. Mark’s?
The Step Up for Students Scholarship is available to students entering kindergarten through fifth grade. Please visit http://www.stepupforstudents.org for income eligibly and an online application.
Many families arrange loans through personal banks or through education payment programs, such as Achiever Loan, a product of Key Education Resources.
