What percentage of tuition is awarded?
Seven Peaks School policy is that families receiving aid will be required to contribute at some level to the cost of tuition. There are no awards of 100% of tuition. Financial aid awards met 10% - 50% of individual tuition in 2023/2024.
Does the Admissions Office take into consideration that I’m applying for financial aid when they decide whether or not to admit my child?
No. The admission process is "need-blind," as a student’s eligibility for admission is assessed separately from the financial aid process.
Who sees the financial aid application information that I submit?
The Seven Peaks Financial Aid Committee consists of the Director of Admissions, the Controller, and the Head of School. This committee determines a student's eligibility for aid, and the amount of any award, based upon a family's demonstrated need. All discussions and communications regarding the determination of eligibility for aid are kept strictly confidential.
Who is aware that my child receives financial aid?
Prior to determining eligibility for admission, only the Director of Admissions, the Controller, and the Head of School are aware of who has applied for financial aid. Once financial aid awards are offered, student enrollment contracts are amended to reflect financial aid awards. Access to financial aid awards is limited to the Director of Admissions, the Controller, the Director of Development, and the Head of School. Students and families are never publicly identified by the school as financial aid recipients.
Do families get financial aid every year?
Financial aid awards are determined annually. As such, families requesting aid must apply each year. The size of awards will continue to depend upon demonstrated need, the number of financial aid applicants, and available financial aid funds.
When are financial aid applicants notified of awards?
Financial aid recipients will be notified of their award in conjunction with their offer of admission.
Our family is made up of multiple households. Which household should submit the financial aid application and supporting documents?
Financial aid at Seven Peaks is determined by a family’s ability to meet educational expenses. It is the position of the school that divorced or separated parents retain the obligation to contribute to the education of their children, unless one parent has legally been granted sole custody of the student, and assumes all financial obligations for that child. The assets of both parents will be considered before making any award; the assertion that one parent has disclaimed responsibility for educational expenses, without legal authority, does not apply. If either parent has remarried, we will also consider the assets of the stepparent, always bearing in mind the obligation of that stepparent to his or her own natural children. The income and assets of all parents and guardians who have never been married, or who are separated or divorced, will be used to determine the family’s need for aid.
We are currently enrolled at SPS and have had a change in financial circumstances. Can we apply for aid mid-year?
Most financial aid awards are made in the late winter, in conjunction with the enrollment refresh process. However, if you'd like to explore a mid-year award, please contact the Director of Admissions to find out if any financial aid funds are available, as they sometimes are.
