Georgetown Prep is committed to building a collaborative relationship with prospective and current 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 $19,000. Please refer to the information below to guide you through the financial aid process.
Applying for Financial Aid
|Georgetown Prep employs TADS (Tuition Aid Data Services) for our financial aid application process and assessment. TADS has a great reputation for helping families throughout the aid process and application submission. |
|All questions and communication should be directed to TADS:|
www.mytads.com (online chat option available)
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. Please do not wait until your son is admitted to apply for financial aid. Often financial aid funds are spoken for at this point.
Returning students must submit the aid application online by December 12, 2014.
Prospective students must submit the aid application online by January 5, 2015.
Know the Requirements. Families need to submit the online aid application and completed 2013 tax forms (including 1040's, W-2's, and any other documentation related to income or estimated income) to TADS by the deadlines indicated above. Furthermore, 2014 tax documentation must be submitted to TADS as soon as it is available. Forms can be uploaded, emailed or faxed to TADS. Families can access TADS at any time to check the status of their application.
Welcome from TADS (pdf)
TADS Family Brochure (pdf)
SEPARATED OR DIVORCED PARENTS
In the case of divorced or separated parents, each retains the obligation to contribute to the education of his or her son, regardless of whether a legal agreement to do so exists. In this instance, both parents must complete a required Financial Aid application either jointly or separately. Financial aid grants will be made only after considering the financial resources of BOTH parents. In the case of separated and/or divorced parents, no information will be given by the school to either parent regarding the other parent's financial disclosures. The assets of both parents will be considered before making any award; the assertion that one parent has disclaimed responsibility for educational expenses does not apply.
Financial Aid Process
Gather important information to submit to TADS, including:
- Social Security Numbers for each applicant
- 2014 1040's with all relevant schedules
- 2014 W-2's
- 1099's and other earnings statements
- Bank & Dividend Statements
- Loan & Debt Statements
Many questions will refer to your 2014 Federal Tax return. If you are completing the application prior to filing your 2014 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 application, you will be required to submit your 2012 1040 with all relevant schedules, W-2's, 1099's, etc. to TADS, as well as 2014 forms when they become available.
Log in to TADS often to check the status of the application.
Aid award recommendations are calculated by a TADS formula and reported to the Admissions Office and Financial Aid Coordinator for review.