Financial Aid

Need is determined by a number of factors including income, assets, liabilities, family size, and the number of children in tuition-charging schools. Due to the complexity of the financial aid formula, we cannot provide analysis without a full application, but we encourage all families who believe that they may be eligible to apply. However, the following data may be helpful to note.

For the 2022-2023 school year:

• 75% of families receiving financial aid earn a gross income of $200,000 or less.
• The average household income among families receiving financial aid is $152,768
• 21% of NPS students receive tuition grants ranging from 5% to 95% of tuition costs. 
• The average grant is $27,443.

All financial aid grants are based on the family's need as determined by NPS and Clarity, a financial aid assessment program. The NPS Financial Aid Committee uses the recommendation from Clarity as a baseline for our own review, so NPS may ask a family to contribute more or less to tuition than what is estimated by Clarity. Every family is asked to contribute a minimum amount toward the cost of an NPS education.

Decisions to admit students to NPS are made without regard to the applicant's financial need. It is often the case that the number of financial aid applicants who qualify for grants may be greater than the amount of funds available. As a result, it is possible to be offered admission to NPS and be placed on a wait list for financial aid.

Families must re-apply for financial aid each year, and the grant amount depends on the family's need and the School's continued resources.  Unless your financial situation changes, it is our intent to continue offering financial support at a consistent level year over year.

NPS uses the Clarity Application to determine a family's level of financial need based on the information that families share in the application which includes assets, income, expenses, and debts.

Clarity Application Overview:

• Beginning October 1, 2022, you may go to the Clarity application and create an account. The application typically takes less than 30 minutes to complete. This application is mobile-friendly, so you can complete the form from anywhere.  You are also able to save your progress and return anytime. 
• Once completed, you will pay a $55 fee to submit, and you can share your application with additional schools that accept the Clarity application for no additional charge.  Simply use the dropdown menu in the application to select those schools.
• After you submit your application, you must return to your Clarity dashboard to upload required tax documentation including your 2022 W-2(s) and January 2023 pay stubs or other proof of ongoing income.
• The deadline for completing the financial aid application, including relevant supplemental documents, is February 1, 2023 for new families and January 13, 2023 for returning families.
• If you need support as you complete the application process, Clarity offers in-app support as well as email support at support@claritytuition.com in both English and Spanish. The application itself is also fully translated into Spanish.
• You may also reach out to Katy Harvey, Director of Admissions and Financial Aid with questions.

Who can apply for financial aid?
Anyone may apply for financial aid, and we encourage families to submit an application if they are concerned about affording NPS.

Will applying for financial aid affect my child's admissions decision?
No.  Decisions to admit students to NPS are made without regard to the applicant's financial need, hence the Admissions Committee is not informed about who is applying for tuition assistance.

What if only one parent is employed?
If all dependent children in a family attend full time school, we expect both parents to be employed outside the home earning a minimum income of $30,000.  If not working or earning less than the minimum income, we will impute income for a parent who is able but not working. The Financial Aid Committee will consider exceptions based on individual circumstances.

If divorced, a single parent, separated, or divorced and remarried, how do we handle the financial aid application?
In general, if an applicant's parents are living separately, both custodial and non-custodial parents must complete a financial aid application and submit accompanying documentation reflecting their individual financial situations. Two applications benefit you, as this ensures that the cost of maintaining separate households is fully considered.

We ask that you you submit any legal agreement stating explicitly that a particular parent bears no financial responsibility for education. 

The Financial Aid Committee considers the entire family's ability to pay tuition, hence new spouses must also submit financial information. 

NPS recognizes that each family's situation is unique, and we welcome conversation and/ or documentation to clarify a family's financial picture.

Additional questions?  Please reach out to Katy Harvey, Director of Admissions and Financial Aid.