St. Mark's School

While the primary responsibility for financing a student’s education rests with his or her family, St. Mark’s uses its own resources to supplement family contributions. Practically speaking, every student receives financial aid because the total cost of educating each student far exceeds the tuition.

St. Mark’s offers need-based financial aid to meet the difference between what a family can afford and the cost of tuition, room, and board. For the last school year, St. Mark’s awarded over $5.7 million in need-based financial aid to 30% of the student body. Grants ranged from $10,000 to over $68,000.

Payment Plans

• Tuition may be paid in one of three payment plan options.
• Plan A) Full payment due by June 15 (Payment may be made by FACTS, check or wire)
• Plan B) Two equal payments due June 15 and December 15*
• Plan C) Monthly payments from June through February*

*Both Plan B and Plan C require enrollment in the FACTS Tuition Management system. To enroll in a payment plan, select this link or call FACTS at 866-441-4637.

Tuition Loan Programs

Tuition Loan Programs assist many families in making tuition payments more affordable by providing the funds upfront and spreading the payments over a longer period of time than tuition payment plans allow.

The only NAIS corporate subscriber currently providing tuition loans is:

Your Tuition Solution

• 1700 West Park Drive, Suite 310
• Westborough, MA 01581
• Phone: 800.920.9777

www.yourtuitionsolution.com

Financial Aid Step by Step

Deadline: January 15

Beginning October 2nd, you can complete the Parents’ Financial Statement (PFS) for current year online at www.solutionsbysss.com. Contact NAIS customer service 1-800-344-8328 if you have questions about completing the PFS. The SSS Family Guide to Financial Aid brochure is available online.

By January 15, the following must be uploaded directly to SSS:

• Signed copies of your family’s federal tax return (1040), including all supporting schedules and forms. Returning families may already have tax materials filed with SSS.
• W-2s and/or 1099s (if applicable).
• Non-US residents: Submit official Income/Asset Verification Forms for such as foreign tax returns and/or wage statements.
• The non-custodial parent must also submit a PFS form and IRS returns, including all schedules and copies of W-2s and 1099s.

Deadline: March 1

By this date, you must upload completed and signed IRS returns to SSS, including all personal and corporate, partnership and trust schedules, and copies of W-2s and 1099s. No official award can be finalized until your tax forms, completed and signed, are uploaded to SSS and available to St. Mark’s. We realize that preparing income tax returns in advance of IRS deadlines presents an inconvenience. Nonetheless, this information is essential to the award process.

Deadline March 10

Financial aid decisions are mailed to families of admitted students.

Deadline April 10

Deadline for acceptance of financial aid awards. Enrollment contract and deposit are required by this date for all students, new and returning.

Deadline After April 10

St. Mark’s can only consider new applications for financial aid from families that enrolled initially without financial aid after the new student and returning student enrollment process has been completed. Awards are unlikely at this point, depending upon the number of applicants and the remaining resources.