First, consider the total annual cost of a St. Mark’s Episcopal School education.
Second, calculate your ability to cover this cost. Consider all sources of income, adjust priorities and spending as you are able, and review assets available for use. If after this analysis you believe you cannot cover all of the educational expenses, we encourage you to apply for financial aid.
No. The committee which reviews candidates for admission is “need blind”. They do not consider whether or not someone has applied for financial aid as part of their decision.
Any currently enrolled student or a new applicant for admission to St. Mark’s Episcopal School can apply for financial aid. Financial aid is available to families with students in kindergarten through eighth grade. Preschool students are not eligible for this program. Financial aid funds are limited and St. Mark’s gives priority when awarding aid to our enrolled students currently receiving financial assistance whose tuition account is current. All other qualified, new applicants are eligible based on need within the limits of the financial aid budget.
No. all applications must be submitted via the FAST link on our website.
St. Mark’s Episcopal School relies on the assistance of F.A.S.T. (an online service) in calculating the level of demonstrated need of each applicant based upon a completed application. These calculations consider gross income, nontaxable income, assets, liabilities, family size, the number of children in tuition paying schools below the college level, and situations where the income level does not support the spending level, among other items. Included in this calculation is an allowance for basic living expenses and taxes. The Financial Aid Committee reviews this data and will adjust the amounts based upon additional knowledge about your unique situation.
- A complete copy of your 2019 STATE and FEDERAL tax return including all schedules and business tax returns, such as K1’s and 1120 for Corporations.
- A copy of your 2019 W2 and/or 1099 for all jobs worked.
- Documentation of any child support you are paying or receiving including court orders in place.
These documents will be needed for all adults in the household and should be submitted directly to FAST no later than April 1, 2020. Upon review of your application, additional documents may be requested.
It is recommended that you make an appointment with your tax consultant early in order to insure your return is complete as soon as possible. Tax returns must be received for your application to be considered complete and eligible for funding.
If you have children at other K‐12 schools that charge tuition, the cost of their education is considered as part of the School’s review of your situation. If you are applying for aid from St. Mark’s Episcopal School, we expect you to apply for assistance at all schools. Documentation of this expense may be required in consideration of your award.
Regardless of the marriage status, the School does consider both biological parents as responsible for their child’s education, regardless of any legal assertions to the contrary. Therefore, St. Mark’s Episcopal School requires both biological parents to complete financial aid applications.
In cases of re‐marriage, all adults in each household must submit their information in the application. In the case of a step‐parent, their income and assets are to be included in the application and we will consider obligations a step‐parent has towards his/her own natural children.
- The whereabouts of the other biological parent is unknown.
- The other biological parent has provided no support and has had no contact with the family for at least two years.
- It is in the family’s best interest not to have further contact with the other biological parent.
- Any other extenuating circumstances that the individual believes the School should consider.
This letter should be submitted directly to the CFO of St. Mark’s Episcopal School.
Yes. While the School does have a generous amount of funds available for aid, there is a limit to the funds available and no guarantee that all demonstrated needs can be met.
Aid awards are for one year only. Families on aid must re‐apply for each subsequent year they wish to receive financial assistance.
In cases where a family’s financial situation deteriorates, more aid may be granted. Conversely, if a family’s financial situation improves or new information comes to light, aid awarded may be reduced or eliminated if the Financial Aid Committee deems such action appropriate.
Yes. We understand that sometimes a family’s financial situation can change unexpectedly. While funds are very limited for these types of grants, we encourage you to contact our CFO to discuss your situation and possible alternative solutions.
Yes. The bulk if not all of financial aid funds are utilized in meeting the demonstrated needs of families applying by the filing deadline. However, funds may become available for aid subsequent to the deadline. Thus, if you are truly in need, we encourage you to apply as we may still be able to help you although with a much smaller award.
Applications will only be considered if they have been filled out completely and all requested documents have been submitted. For financial aid applications submitted by the due date of March 1st, a financial aid decision letter will generally be sent to you by the end of April.
No. All decisions of the Financial Aid Committee are final.
No. Financial aid is a grant, not a loan. If at some future date your family’s financial situation improves, we hope you will consider making a donation to our financial aid program to help enable other deserving students to attend St. Mark’s Episcopal School.
The School takes seriously its responsibility to maintain confidentiality over all financial aid information and records. It is recommended that you redact any social security numbers listed on your supporting documents and that you personally scan or mail your documents to FAST. Please be aware that St. Mark’s Episcopal School must comply with any legal requests from courts or attorneys to provide documents. Parents are expected to keep their financial aid awards confidential and not discuss them with other families or teachers.