Financial Aid
Georgetown Prep is commited to building a collaborative relationship with prospective families as they plan for the financial realities associated with their son's high school education. Prep does not offer academic or athletic scholarships, reserving all aid for those who have a demonstrated financial need. The decision to apply for financial aid has no bearing on the admissions process. Admissions decisions are need blind. About 26% of Prep students receive financial aid with an average grant of $15,000. Please refer to the information below through the process of applying for financial aid.
For more information, please email financialaid@gprep.org or call 301-214-1201.
Applying for Financial Aid
- Apply on time. This is the most important thing you can do to increase your chances of receiving an aid award. If you think there is any chance your family will choose Georgetown Prep, apply for financial aid at the same time you apply for admission. DO NOT wait until your son is admitted to apply for financial aid. Often financial aid funds are spoken for at this point.
- Learn the Language. The financial aid process is full of acronyms. Getting familiar with some of the key acronyms will help you understand the process better and what is needed from each applicant.
Key acronyms:
School & Student Services (SSS) - The clearing house most independent schools use to process family financial information in order to determine eligibility for aid.
Parents’ Financial Statement (PFS) - Financial aid application filed with the SSS, where families report key financial information (income, assets, debt, etc.) that is used by SSS in determining eligibility for aid.
Report of Family Contribution (RFC) - SSS' estimate of a family's ability to contribute to their son's education based on their answers on the PFS; this amount is used as a guideline by the school when determining the amount of aid a family will receive.
Financial Aid Process
File your Parents' Financial Statement (PFS)
1. Beginning November 1, families can log into SSS online by going to www.sss.nais.org. There you will find instructions on how to register online and fill out the PFS. The PFS may be filled out either online or in paper. We strongly recommend filing the PFS online.
2. Gather important information before filing the PFS. This includes:
- Social Security Numbers for each applicant
- 2011 1040's with all relevant schedules
- 2011 W-2's
- 1099's and other earnings statements
- Bank & Dividend Statements
- Loan & Debt Statements
Many questions will refer to your 2011 Federal Tax return. If you are completing the PFS prior to filing your 2012 tax return, you may estimate these numbers. Be sure to indicate that the numbers are estimates where appropriate. Regardless of when you fill out the PFS, you will be required to submit your 2011 1040 with all relevant schedules, W-2's, 1099's, etc. to SSS.
3. Complete the PFS
Be sure to indicate Georgetown Prep as a recipient of the RFC. Georgetown Prep's school code is #3376.
4. You can log into SSS online anytime to check the status of your application or documents.
Helpful PFS Links
