Tuition & Financial Assistance

• All families for whom the full cost of a Prep education feels out of reach based on their family’s financial circumstances should consider exploring Prep’s Financial Assistance Program and submit an application. 
• Awards range and can cover from 10 to 100% of a student’s tuition and expenses. 
• Awards are need-based and calculated from information families submit on the online Financial Aid for School Tuition (FAST) application. The school considers each family’s individual circumstances within the context of Prep's Financial Assistance Program.

• Families applying for financial assistance from Prep complete the online Financial Aid for Student Tuition (FAST) application.  
• The Financial Aid for School Tuition (FAST) program provides a need-based financial aid analysis service for independent schools that includes an income verification process.  
• The fee to apply through FAST is $45. To request a fee waiver, please contact Theresa King, Director of Finance and Operations. 

• In addition to tuition and fees, Prep’s financial assistance awards cover costs associated with a Prep education such as outdoor education programs and technology.

• Financial assistance calculations are determined from the information the family provides on the Financial Aid for School Tuition (FAST) application. One in 4 students at Prep receives financial assistance with an average award covering over 50% of tuition. The formula for calculating the award equals Prep’s tuition minus the amount calculated that a family is able to pay towards tuition.

• Financial assistance is money that is set aside in Flintridge Prep's budget to support its student community. Money awarded is not paid back to the school.

• Prep believes that all parents/guardians have an obligation to contribute to their student’s education. Therefore, we require all parents/guardians, custodial and non-custodial, to complete the FAST application; all assets will be considered in reviewing students for a financial assistance award. In addition, if either parent/guardian has remarried, Prep will consider the income and assets of the second parent/guardian, keeping in mind the financial obligation of all parents/guardians to their own children. If either parent/guardian lives in a household with another adult, we may consider the assets of that person as well.
• Until all parents/guardians complete the financial assistance application, Prep’s Financial Assistance Committee will not consider the student’s application for an award. 

The following documents should be submitted according to the schedule below.

• Due January 20, 2023: FAST application; 2021 Federal 1040 or 1040A and all supporting tax schedules, if applicable.  Please note: All documents must be either scanned or mailed to ISM-FAST. Please do not send documents to Flintridge Prep. 
• Due February 3, 2023: 2022 W-2, 1099, and Schedule C, if applicable.
• Due April 18, 2023: 2022 Federal tax forms (Federal 1040 or 1040A and all supporting tax schedules, if applicable)

• Prep’s financial aid is based on calculated financial need from the FAST application. No awards are granted based on merit or specific talents.

• Although Prep has a substantial and generous financial assistance budget, the school is not able to fund every qualified applicant.

• Newly-admitted students receive information about their financial assistance awards with their admissions decision on March 10, 2023.

• Families re-apply for financial assistance every year. For the duration of your child’s enrollment at Prep, the school will support your family at a level that reflects your calculated financial need based on your FAST application.