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TuItion & Financial Aid

Eligibility for Portsmouth Abbey School financial aid grants is based on demonstrated need, academic merit and the availability of funds.  These funds are derived from income generated by gifts and bequests made specifically for this purpose, as well as from the operating income. This year 37% of our students were awarded over $4,000,000 in financial aid.  These awards are renewed on a yearly basis; however, parents must complete the financial aid application annually.

Families who anticipate needing financial aid at any time during their child's career at Portsmouth Abbey must apply for aid at the time of the admissions application. It is not possible to consider requests for financial assistance after admission decisions are made. Financial aid is available primarily to United States citizens. International students are eligible to receive financial aid; however, Portsmouth Abbey has limited funds available for this purpose. 

Q. How do I apply for financial aid?

A. To apply for financial aid, the following must be submitted to School and Student Services (SSS) by NAIS no later than January 31st:

•Parents' Financial Statement (PFS). Complete the PFS online.
•Signed copy of your family's 2015 federal tax return (1040), including all supporting schedules and forms.
•2015 W-2s and/or 1099s (if applicable)
•2016 W-2s and/or 1099s (if applicable)
•Non-US residents: submit official Income/Asset Verification Forms for 2015 such as foreign tax returns and/or wage statements.

The following must be submitted to SSS by NAIS as soon as possible:

•Signed copy of your 2016 Federal Tax return, including all supporting schedules and forms.
•Non-US residents: submit official Income/Asset Verification Forms for 2016 such as foreign tax returns and/or wage statements.

Any award that is made prior to receiving the 2016 tax return or income verification forms is tentative. This documentation is required in order to make a final financial aid grant.

For divorced or separated families, a separate PFS must be submitted for each household.

Please be sure to list Portsmouth Abbey as a recipient of the Report of Family Contribution (RFC). Our school code is 5860.

 

Q. What is Portsmouth Abbey's tuition?

A. The boarding tuition for the 2016-2017 academic year is $56,490 and the day tuition is $36,720. Parents should plan on approximately $1,500 of additional costs for books, fees, and school-sponsored trips. There is also an additional fee of $875 for international students.

Q. How many Portsmouth Abbey students receive financial aid?

A. Approximately 37% of the student body receives financial assistance. Awards range from $1,000 to full tuition. Portsmouth Abbey offers over $4 million annually in financial aid.

Q. Does Portsmouth Abbey offer merit scholarships?

A. Yes, please click the Merit Scholarships button on the right hand column of this page. Students who receive merit scholarships may also receive need based financial aid to bridge an existing gap between the scholarship and a family's demonstrated financial need.

Q. When is the financial aid application due?

A. January 31st  for new students and February 9th for returning students.

Q. How is a financial aid package determined?

A. Once School and Student Services (SSS) has received the Parents' Financial Statement (PFS), they will use a standard calculation to make an assessment called the Report of Family Contribution (RFC). The RFC is the estimated dollar amount that a family is seen to have available to contribute toward the education of their children in tuition charging schools. The financial aid committee uses the RFC as a starting point with which to determine a financial aid award.

Q. What if I have more than one child in school?

A. The Financial Aid Committee will take into consideration tuition expenses for all children in schools that charge tuition (excluding graduate school). Portsmouth Abbey requires that families apply for aid at each of the institutions their children attend as we cannot subsidize tuition for other tuition-charging schools.

Q. What is the process in the case of parents who are separated or divorced?

A. Financial aid is based on ability to pay, and both parents are therefore expected to contribute to their child's education and are asked to fill out financial aid forms. For special circumstances, contact the Wallace Gundy, Associate Director of Admission and Financial Aid, at 401.643.1228.

Q. How does one obtain the financial aid forms?

A. The Parents' Financial Statement can be accessed at sss.nais.org/parents. Portsmouth Abbey's school code is 5860.

Q. What if my 2016 tax return is not available by January 31?

A.  In this case, please submit your 2016 W2s and a signed copy of your 2015 tax return by January 31st. Submit your signed 2016 return as soon as it is completed. All financial aid awards are considered tentative until the receipt of the 2016 information.

Q. What if a parent goes back to school or changes jobs?

A. Parents who return to school or change jobs as a personal choice must realize that a resulting decrease in their family income cannot be underwritten by financial aid from Portsmouth Abbey.

Q. If we receive financial aid in our child's first year at Portsmouth Abbey, will we receive the same award in subsequent years?

A. You must resubmit a PFS form and updated tax information each year. You can expect your child's level of financial aid to remain consistent each year as long as your family's financial circumstances do not significantly change.

Q. If we do not receive financial aid in our child's first year at Portsmouth Abbey, is there a chance we might get it in subsequent years?

A. In most cases, it would be prudent to assume that you will not get aid. Financial aid requests for students currently enrolled (but not receiving financial aid) are reviewed after determinations are made for new students and current students receiving aid. You may apply; however, it is unlikely that we will be able to meet your need.

Q. When will I find out if we got financial aid?

A. Financial aid decisions are mailed out with admission decisions on March 10th.

For questions, Wallace Gundy, Associate Director of Admission & Financial Aid, at wgundy@portsmouthabbey.org or 401.643.1228.

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