Prep’s 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 2024-2025
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.
The deadline to apply for financial aid for the 2024-25 school year is April 15, 2024. Please click here for instructions on how to apply.
If you have questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 866-441-4637.
Financial Aid Application Policies & Procedures
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 apply for Financial Aid using FACTS Grant & Aid Assessment . Prep cannot award aid to anyone who has not completed the financial aid application via FACTS.
FACTS Grant & Aid Assessment will be conducting the financial need analysis for Saint Peter’s Preparatory School for the upcoming 2024-2025 school year. Families applying for financial aid will need to complete an application and submit the necessary supporting documentation to FACTS Grant & Aid Assessment. Applicants can apply online using the link below:
If you already have a FACTS account, click on Sign In, and enter your login information. Then click on “Start Application.”
If you do not have a FACTS account:
- Click Create a username & password/Create an Account on the sign in screen.
- Enter email address.
- Click Create a new FACTS Account.
- Enter demographic information for each section.
- Determine a username, password, 4-digit pin, and select telephone ID questions.
- From the applicant home screen click on Start Application to begin the application.
The total maximum need based financial aid award per student for families who qualify is $9,000. Most of our funding for need based financial aid is awarded to families earning less than $110,000 a year. Our resources are limited and we cannot provide 100% tuition. Every family is expected to pay a portion of tuition expenses.
If you have questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 866-441-4637.
Application instructions can be found here.
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 $9,000 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
GalanoF@spprep.org | 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 2023-2024 school year. Partial-tuition scholarships are awarded based on financial need without regard to race, religion, or ethnicity. Applications for the 2022-2023 Scholarship Fund for Inner-City Children (SFIC) will be available starting January 14, 2023, at www.sficnj.org. The deadline is April 30, 2023. For questions please contact: schofund@rcan.org
- Danny J. Gilmore Scholarship Fund
- The Danny J. Gilmore Scholarship Fund Click here for application and more information
- Springstone Financial
- A company that provides tuition loans. Please enter zip code 07302. Note: Saint Peter’s Prep is not affiliated with this organization. Springstone Financial
Returning Students:
Financial Aid for Academic Year 2024-2025: Applications will be accepted no earlier than February 2, 2024 and no later than April 15, 2024. Award notifications will be made after May 15, 2024.