St. Mark’s admits qualified boys regardless of their financial circumstances. The School actively seeks students who represent varied socio-economic backgrounds. An extensive need based financial aid program, which includes a significant middle income fund, annually awards over $2.5 million in aid to approximately 14% of the student body.
Financial aid awards are based on need and require annual qualification. Awards are recommended by the St. Mark’s Financial Aid Committee using information provided by applicant families and qualification information from the School and Student Services for Financial Aid organization (SSS), a program of the National Association of Independent Schools (NAIS).
The chart below illustrates the income range of financial aid applicants for the 2020-2021 school year, and subsequent award decisions. Using the first line as an example, 19 families with incomes ranging from $0-$70,000 applied for financial aid for the 2020-2021 school year. All 19 of those families received awards with an average award of $25,181 each. The average award covered 82.23% of the total tuition. Individual family award qualification and award amounts are significantly influenced by the number of children who attend tuition charging schools and by extenuating financial circumstances.
Total Income Range
|
Number of Applications
|
Number of Awards
|
Average Award
|
Average Percentage of Tuition Awarded
|
$0-$70,000
|
19 |
19 |
$25,181 |
82.23% |
$70,001-$140,000
|
35 |
34 |
$28,395 |
92.73% |
$140,001-$175,000
|
21 |
20 |
$20,300 |
66.29% |
$175,001-$225,000
|
33 |
23 |
$15,948 |
52.08% |
$225,001-Above
|
30 |
27 |
$11,774 |
38.45% |
The admission decision and the financial aid decision are made separately, and all financial aid awards are based exclusively on need. Provisional awards will be communicated with admission decisions on March 12, 2021, with final awards confirmed once 2020 income taxes are received in April 2021.
*Current families who are interested in applying for Financial Aid for the 2021-2022 school year should do so by December 1, 2020. Please call the Office of Admission and Financial Aid with questions: 214-346-8700.*The 2021-2022 SSS Financial Aid Forms will be available online beginning early October 2020.Financial Aid Application Checklist for Applicant Families:
Deadline for completing STEPS 1 & 2: February 10, 2021.
STEP 1: Complete the SSS’ “Parents’ Financial Statement” (PFS). If parents are separated or divorced, the student’s custodial parent and that parent’s present spouse should complete the PFS. The School also requires the non-custodial parent to complete the PFS.
*PFS documents can be found at
www.sssbynais.org.
St. Mark’s SSS Code: 6736
STEP 2: Upload a copy of all proof of income forms (eg. W-2, 1099, Unemployment 1099, etc.) for the entire household (parents and, if applicable, the student applying for aid to St. Mark’s), along with your personal 2018 and 2019 Income Tax Statement (as well as corporate if applicable), including all schedules filed. Forms should be uploaded to your SSS account.
Deadline for completing STEP 3: April 15, 2021.
STEP 3: Upload a complete copy (including all schedules filed) of your personal 2020 Income Tax Statement (as well as corporate if applicable) to your SSS account. We cannot accept abbreviated forms or the Request for an Extension of Filing Date form. Each of the above deadlines and requests for information are also applicable to the divorced or non-custodial parent.
*Awards for the 2021–2022 school year will be communicated to applicant families with their admission decision on March 12, 2021.