Tuition & Financial Aid

List of 14 frequently asked questions.

• When should we apply for financial aid?

  By February 3rd, 2024.  Start your application as soon as you think there is any chance your family will choose St. Anselm’s. Do not wait until your son is admitted to apply for financial aid.  Often financial aid is all distributed if you apply too late.

• What types of aid are available?

  Financial aid and merit aid.  St. Anselm’s dedicates most of its aid dollars to those students who have a demonstrated financial need. Less than 10% of the aid dollars are set aside for merit.  Merit scholarships do not require an additional application.  All students are considered for a merit scholarship from the pool of applicants.

• How do I find out about my financial aid award?

  If you fully completed your financial aid application on time, your financial aid award will be reflected in your enrollment/re-enrollment contract.  If you applied late or if the application was incomplete by early February, you will be notified of a financial aid offer at a later date.  In this case, your enrollment contract may not reflect your financial aid offer.

• Do I need to apply for financial aid each year?

  Yes, all families must submit an application annually in order for their son’s grant to be renewed.  Since a family’s economic and financial circumstances change from year to year, our financial aid committee must review the family’s financial need qualifications each year.

• Is the application process the same for new and returning families?

  Yes, the process is the same: both new and returning families must complete the Parents Financial Statement and submit supplemental materials by early February.

• Do I need to complete a separate application for each child?

  No, only one application needs to be completed.  List each child applying for aid as a separate applicant.

• Is there a cost to submit a financial aid application?

  Yes.  The SSS fee is $55, and it is nonrefundable.  Once your PFS is submitted, it cannot be withdrawn from the SSS system.

• If my application is not complete by February 3, will we still receive financial aid?

  Families may apply after February 3.  However, preference is given to those families submitting their applications by the deadline, and there may be no funds available for late applicants.

• Will St. Anselm’s fund my entire financial need?

  No, St. Anselm’s typically funds 75% of a family’s financial need as established by the SSS formula, while the funds are still available.

• What happens in cases where parents are separated or divorced?

  St. Anselm’s expects both parents to supply financial information and to contribute to the cost of their child’s education.  In case of sole custody, the custodial parent must provide documents that prove the other parent has no custodial rights over the child and no financial obligations toward the child’s education.

• If I am divorced and remarried, is my new spouse required to contribute to my child’s education?

  In general, yes. Although circumstances may differ from one family to the next, the addition of another adult often alters a family’s financial circumstances.  Like most independent schools, St. Anselm’s considers total family resources in its financial aid calculations.

• I am a stay-at-home parent – will St. Anselm’s impute wages for me?

  The Financial Aid Committee will impute wages for a non-working parent when all children in the household are of school age.

• If my child has a College Fund, will he be expected to use money from that fund to pay for his St. Anselm’s education?

  College funds held in the student’s name are considered student assets and are treated accordingly.  The calculation is based on present value of the fund and divided by student’s years remaining in school, plus four years of college. While it may not be possible for a family to tap the principal of such funds, the existence of the funds means that more of the family’s current income is available for tuition.

• If we have older children in college, are college expenses considered on St. Anselm’s financial aid application?

  Yes, college expenses for an undergraduate degree are considered in your financial aid application.