Prep Tuition and Financial Aid
Prep Tuition and Financial Aid
Directions to Augusta Prep
|Tuition Refund Plan|
Because the financial commitment of enrollment is for an entire year, Augusta Prep offers a Tuition Refund Plan. For a charge of 2.1% of the total tuition, parents may insure themselves against full liability for unused tuition. Please contact the Admission Office for details of this program.
Augusta Prep's financial aid program is designed to support our commitment to helping families afford the cost of tuition for Kindergarten - 12. Grades Preschool and Pre-Kindergarten are not eligible for financial assistance. Financial aid is granted to families on the basis of need, as determined by the Financial Aid for School Tuition (FAST) and is limited by Augusta Prep’s financial resources.
FAST is an online service which provides a recommendation to Augusta Prep of what a family should be able to contribute toward tuition, based on income, expenses, and net worth. The Financial Aid Committee reviews the FAST recommendation and decides the amount of aid, if any, awarded to each family.
Families who wish to apply for assistance should notify the Admission Office and file with FAST online after November 1st. The deadline for filing with FAST is February 3, with those decisions returned by February 16, 2017.
Also, parents must submit a copy of their most recent Federal Tax Return and W-2’s to FAST as soon as possible in order to complete the financial aid application process and to be considered in the first round of awards.
|Malone Scholarship Program|
In 2008, Augusta Prep was selected as a Malone Family Foundation School, making it today one of only 50 schools in the country and the only school in Georgia to receive this distinction.
Augusta Prep was recognized by the foundation for its: “academic caliber; the quality of its staff; excellent accommodations for gifted and talented students; strong AP and enrichment programs; attention to the individual student's needs, interests and talents; financial strength and stability; and its commitment to financial aid; in an economically, culturally, ethnically, and socially diverse population.”
The Malone Scholarship Program rewards academically gifted and talented middle and upper school students, grades 7-12, who meet the following criteria:
- Superior academic ability and motivation, evidenced by standardized test scores and high class ranking (top 5%)
- Demonstrated financial need
A Malone Scholarship can cover up to the full cost of tuition for each year the student meets expected academic standards, demonstrates continued good citizenship and character, and continues to qualify for need-based financial aid.
Interested families should contact the Admission Office for additional information about financial aid and the Malone Scholarship.
Families interested in receiving information about the Malone Scholars Program at Augusta Prep should contact the Director of Admission & Financial Aid, at (706) 434-2381, or at firstname.lastname@example.org
.Malone Family Foundation
|Goizueta Scholarship Program|
The Goizueta Foundation Scholarship provides scholarships to qualified Latino students in grades 6-12. The scholarship covers a portion of the tuition for each year the student qualifies. Awards are based on the following criteria:
- Academic talent
- Families with financial need will be given priority
Interested families should contact the Admission Office at (706) 434-2381 for additional information about financial aid and applying for the Goizueta Scholarship.Goizueta Foundation
|Tuition alone does not cover the entire cost of educating a student at Augusta Prep. Each year, our school families, faculty and staff, alumni, and friends give generously to the Annual Fund to benefit all students at Augusta Preparatory Day School.|
|To apply for financial aid, click here. For more information on financial aid or payment plans, please contact the Admission Office.|
|Q. ||Does Augusta Prep offer any sort of financial aid to families?|
|A. ||Augusta Prep's financial aid program is designed to support our commitment to helping families afford the cost of tuition. Financial aid is granted to families on the basis of need, as determined by the Financial Aid for School Tuition (FAST) and is limited by Augusta Prep’s financial resources.|
|Q. ||How do we apply for financial aid?|
|A. ||If you wish to apply for assistance:|
- Notify Director of Admission & Financial Aid about your interest in financial aid.
- Please file with the FAST by Feb. 15 to be considered for first-round awards made in April.
- You may file online as early as December, though estimating may be necessary.
- Tax returns and W-2’s are due to FAST 2 weeks after filing, or at your very earliest convenience.
|Q. ||How does Financial Aid for School Tuition (FAST) program calculate my family’s ability to pay?|
Financial Aid for School Tuition (FAST) provides an objective and consistent method to determine a family’s ability to contribute to educational expenses. The process starts when you complete the online application, followed by submitting your tax return and W-2’s to FAST. FAST gathers family and financial information that it applies to a formula to estimate the resources your family may have available to pay school costs. Simply stated, the formula considers your income, what you own (your house and other investments), what you owe (your mortgage and other debts), the size of your family, and how many family members are enrolled in tuition-charging schools or colleges.
After making allowances for basic necessities, taxes, and certain other expenses, FAST figures out what portion of your remaining funds is available to pay school costs. Then the service provides the results of the analysis as a recommendation of your ability to cover expenses at Augusta Prep.
FAST encourages schools to use this estimate in addition to other information they collect from your family to make their final determination about your family's contribution.
|Q. ||Will my family be awarded the entire amount recommended by FAST?|
|A. ||Financial aid amounts vary according to a family’s ability to pay and the school’s financial resources. We typically are able to meet at least a portion of the amount needed, as determined by FAST, but generally not the full amount recommended.|
|Q. ||Does Augusta Prep award financial aid based on the talents of the applicant?|
|A. ||No. Financial aid is only awarded to families based on their demonstrated need.|