Tuition and 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. These awards are renewed on a yearly basis; however, parents must complete the financial aid application annually.
This year 37% of our students were awarded over $4,200,000 in financial aid.
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?
- Q. What is Portsmouth Abbey's tuition?
- Q. How many Portsmouth Abbey students receive financial aid?
- Q. When is the financial aid application due?
- Q. How is the financial aid package determined?
- Q. What if I have more than one child in school?
- Q. What is the process in the case of parents who are separated or divorced?
- Q. How does one obtain financial aid forms?
- Q. What if my 2018 tax return is not available by January 31st?
- Q. What if a parent goes back to school or changes jobs?
- Q. If we receive financial aid in our child's first year at Portsmouth Abbey, will receive the same award in subsequent years?
- 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?
- Q. When will I find out if we got financial aid?
A. To apply for financial aid, the following must be submitted to School and Student Services (SSS) no later than January 31st:
•Parents' Financial Statement (PFS). Complete the PFS online.
•Signed copy of your family's 2016 federal tax return (1040), including all supporting schedules and forms.
•2017 W-2s and/or 1099s (if applicable)
•2018 W-2s and/or 1099s (if applicable)
•Non-US residents: submit official Income/Asset Verification Forms for 2016 such as foreign tax returns and/or wage statements.
The following must be submitted to SSS as soon as possible:
•Signed copy of your 2018 Federal Tax return, including all supporting schedules and forms.
•Non-US residents: submit official Income/Asset Verification Forms for 2018 such as foreign tax returns and/or wage statements.
Any award that is made prior to receiving the 2018 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.
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.
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.
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.