Note: Pandemic-related financial hardship

In addition to increased funding for our standard financial aid program, we are taking steps to respond to the unprecedented financial strain brought about by the Covid-19 pandemic. With the help of Jerry Sheehan, ’48 through the Sheehan Challenge, along with other generous benefactors, Prep has established an emergency tuition-assistance program. Its specific purpose is to assist families who have suffered an immediate financial hardship, such as a layoff or reduction in salary, relating directly to the pandemic. Although our resources are not unlimited, we will do our very best to work with families who have experienced such challenges. Our goal is to ensure cost does not stand between our young men and the doors of 144.

If you have experienced financial hardship as a result of the pandemic, even if you have previously applied for financial aid, instructions for applying for this additional emergency assistance can be found here.

Saint Peter’s Prep Financial Aid Mission Statement

Saint Peter’s Prep is deeply committed to making its education available to qualified students and attracting a diverse student body. We award financial aid grants based on demonstrated family financial need. The amount of financial aid is based upon the availability of funds in the given academic year’s financial aid budget which is privately funded through the generosity of our donors and families.

In keeping with Catholic Social Teaching, specifically the Preferential Option for the Poor, Financial Aid is awarded primarily to families with the most financial need. Financial need is determined by the ability to meet basic needs such as food, clothing, housing,  utilities, health care and employment. Applications are evaluated based on a family’s financial ability to meet these basic needs.

The primary financial responsibility for a student’s education rests with that student’s parents or guardians. Financial aid funds are not intended to finance a student’s entire tuition and should be considered supplementary to the parents’ expected financial investment. Therefore, all families are expected to pay a portion of tuition expenses.

Financial Aid for 2021-2022

Due to increasing demand for financial aid each year, our financial aid funds are limited and are allocated quickly. As a result, there may not be any financial aid available for families whose applications are filed after the deadlines.

Class of 2025 only: In order to receive early financial aid notification in time for Registration Day, Financial Aid applications for the Class of 2025 must be submitted no later than December 1, 2020. You may still apply after this date, but we cannot guarantee a decision before admissions letters are mailed in January, 2021. Please click here for instructions on how to apply.  The financial aid portal will open on September 14, 2020 for the Class of 2025.

Returning Students:

Financial Aid for  Academic Year 2021-2022:  Applications will be accepted no earlier than February 2, 2021 and no later than April 15, 2021. Award notifications will be made after May 15, 2021.

Financial Aid Application Procedure and Policies

Need based financial aid is awarded for a period of one academic year. Families must reapply for financial aid each year the student attends Prep.  Those who are interested in receiving aid need to enroll in the FAIR process of estimating financial aid. Prep cannot award aid to anyone who has not completed the FAIR process.  All Financial Aid applications must be processed by FAIR. (DO NOT apply for Prep Financial Aid through FACTS.)

The FAIR website will ask applicants to provide Prep’s School Code and Password. They are:

School Code: 144 

Password: spps144

FAIR’s phone number for technical support and other questions is: 877-676-3247

The FAIR application is available through the FAIR website at   

DO NOT apply for Prep Financial Aid through FACTS

Application instructions can be found here.

Click here to begin the online financial aid application process   

The FAIR website will ask applicants to provide Prep’s School Code and Password. They are:

School Code: 144 

Password: spps144

The total maximum need based financial aid award per student for families who qualify is $9,000

FAIR’s phone number for technical support and other questions is: 877-676-3247

Application instructions can be found here.

Please contact Mr. Frederick Galano, Director of Financial Aid, at 201-547-6382 or via email at if you have questions. We are here to help.

Policy for Divorced Parents

In the case of divorced parents who file for Financial Aid, each parent’s need is evaluated independently of the other’s. The tuition payment responsibility stipulated in the divorce decree is used as the basis for allocating financial aid. Unless specifically stated in the divorce decree, Prep assigns equal responsibility to each party for determining need. Therefore, if only one parent files a financial aid application, financial aid will be determined and awarded only for that portion of the tuition which is the filing parent’s tuition payment responsibility; the non-filing parent will be expected to pay his or her portion of tuition in its entirety. Award amounts may be changed at any time based on current and subsequent terms of the divorce as the initial result is based on your paying the full tuition.

A copy of the Divorce Agreement is required in order to determine how financial aid will be allocated up to a total maximum award of $8,500 per student to be divided among the parties as determined by the agreement.

Please contact the Director of Financial Aid for clarification or questions.

Contact  us:

Fred Galano
Director of Financial Aid
Saint Peter’s Prep
144 Grand Street
Jersey City, NJ 07302 | 201-547-6382

Other financial aid opportunities

  • The Scholarship Fund for Inner City Children – for families with children attending Catholic schools within the Archdiocese of Newark (Bergen, Essex, Hudson, Union County)
    • The Scholarship Fund for Inner-City Children invites you to apply for a partial-tuition scholarship  for your child for the 2021-2022 school year. Partial-tuition scholarships are awarded based on  financial need without regard to race, religion, or ethnicity. Applications for the 2021-2022  Scholarship Fund for Inner-City Children (SFIC) will be available starting February 1, 2021, at  The deadline is April 30, 2021. More information may be found here and here
  • Danny J. Gilmore Scholarship Fund
    • The Danny J. Gilmore Scholarship Fund will be awarding scholarships to two (2) 8th Grade student/athletes in the South Bergen and Hudson County areas who exemplify the criteria set forth. Each scholarship will be worth $750.00. Deadline is March 15. Click here for application and more information
  • Springstone Financial
    • A company that provides tuition loans. Note: Saint Peter’s Prep is not affiliated with this organization Springstone Financial

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