Financial Aid
NPS understands and appreciates the financial commitment families undertake in deciding to send their children to our school. In order to ensure that the NPS community remains inclusive and an option to families at all socioeconomic levels, the School provides over $1.5 million in need-based financial aid annually. For the 2019–2020 school year, approximately 23% of students receive financial assistance to help offset the cost of tuition.
Families receiving tuition assistance are also eligible for financial support for before care (Early Birds), after care (After 3 Club), After School Program classes, Lunch Program, and Summer Horizons Camp.
| Financial Aid application dates | |
|---|---|
| Oct. 1 | TADS begins accepting applications for the 2020-2021 academic year |
| Jan. 31 | Application, 2019 W-2(s) and most recently completed IRS 1040 due to TADS |
| Feb. 14 | All required supporting financial documents due to TADS, including 2019 IRS 1040 |
| Mar. 6 | Financial aid grants will be sent to families of new students |
Do You Qualify for Financial Aid?
Financial need is determined by a number of factors, including income, assets, liabilities, family size, and the number of children in tuition-charging schools. While there is no threshold income that qualifies families for financial aid, 80% of financial aid recipients at NPS have gross income of $200,000 or less. Any family that feels that the cost of tuition exceeds their ability to pay is encouraged to apply for financial aid.
In the 2019-2020 school year, 23% of NPS families receive tuition assistance. Grants range from 5% to 95% of tuition costs, and the average grant is $23,014. The average household income among families receiving financial aid is $136,919.
How Financial Aid is Determined
All financial aid grants are based on the family's need as determined by NPS and the Tuition Aid Data Service (TADS), a financial assessment program. Parents are required to complete the TADS financial aid application online, which will generate a need analysis report that is sent to NPS. Parents must also submit directly to TADS a copy of their most recent federal income tax forms (1040) that were submitted to the IRS and all W-2s. If applicable, TADS may request additional documentation.
The Financial Aid Committee uses the recommendation from TADS as a baseline for our own review. NPS may ask your family to contribute more or less to tuition than what is estimated by TADS. Every family is asked to contribute a minimum amount toward the cost of an NPS education.
Admissions decisions are made without regard to the applicant's financial need. Unfortunately, each year, the number of requests for aid is greater than the School's resources; therefore, NPS cannot guarantee a grant for every family whom we accept. Grants are renewable yearly and depend on the School's continued resources, the family's need, and the student's satisfactory progress at NPS.
How to Apply for Financial Aid
1. Let us know that you are applying:
Indicate on your application for admission that you intend to apply for financial aid.
2. Complete the Online Financial Aid Application:
Due to TADS by January 31, 2020
Returning and new families must submit the online financial aid application to TADS. The online application for the 2020-2021 school year opens October 1, 2019.
Please download the application worksheet to help you gather all necessary information prior to applying online.
Click here for the worksheet:
Click here to begin your application:
You need only complete one application per family, even if you have multiple children applying to NPS. After creating an account with a user name and password allowing you to save information and return to submit later, select "DC" and "National Presbyterian School." You may submit your application to other schools at the end of the online application. If you are unable to complete your application online and require a paper application, or you have questions about the submission process, you may call TADS directly at (800) 477-8237 for more information.
3. Submit Supporting Financial Documents to TADS:
Due to TADS by February 14, 2020.
All applicants for financial aid must either upload or mail a copy of the signed 2019 federal income tax forms (1040) that were submitted to the IRS and all 2019 W-2s directly to TADS. If your 2019 1040 is not yet prepared, you may submit your most recent taxes, but grants will be contingent upon receipt of the required 2019 documents. In order to verify the information submitted in your application, TADS may contact you directly with questions and/ or to request addition documents.
Please ensure the child/children's names are on all documentation submitted. TADS securely stores this information and gives all schools to which you are applying for financial aid confidential access to your documents.
To upload, go to www.tads.com/upload. DO NOT SEND VIA EMAIL
To mail, send to: TADS, 1201 Hawthorne Avenue, Suite 100, Minneapolis, MN 55403
To fax, send to: (612) 548-3326
For new NPS applicants, if all application requirements are completed by February 14, 2020, the Admissions Office will send any available financial aid grant in early March in tandem with your admissions acceptance. Any financial aid applications completed after February 14, 2020 will be considered as funds remain available.
