Financial Aid

How Need is Determined:
Families complete a Parent’s Financial Statement (PFS) with the School and Student Services of Financial Aid (SSS), a division of the National Association of Independent Schools. Based on financial information submitted by a family, SSS calculates funds a family should have available for educational expenses. St. Margaret’s uses this information to determine the amount of financial aid that can be offered. St. Margaret’s attempts to meet a portion of the tuition expense with its available resources. Awards are made annually, and families must complete a PFS each year in order to be considered for financial aid.

Our policy in determining financial need is derived from the underlying principle that the school’s responsibility for educational expenses comes after the obligation of the student’s parents regardless of the personal or legal relationship between the two, or the student’s legal guardian(s). Therefore, before making any award, the Financial Aid Committee will consider the resources of both natural parents or legal guardian(s). In cases where parents are divorced, separated, or never married, both custodial and non-custodial parents are required to submit a separate PFS. In cases where the custodial parent is remarried the resources of the step-parent are also considered, bearing in mind the obligations of the step-parent to his or her own natural children.

Any financial support that may be available beyond the parent’s or guardian’s own income and assets should be reported on the PFS for consideration by the school. These include resources that might be expected from grandparents or other relatives, church funds, direct scholarship grants, etc. The committee welcomes explanations for these potential sources of help and correspondence with the Financial Aid Coordinator is encouraged.

Steps to Apply:

  • Visit the School and Student Services (SSS) website.
  • Create your Parent’s Financial Statement (PFS) online account and begin a PFS for the academic year for which you are applying. Be sure to list the St. Margaret’s school code (6724) so we have access to your application.
  • Once you have submitted your PFS, upload the required tax documents in the “My Documents” tab in your portal.

Call 800.344.8328 or email SSS@nais.org for any SSS questions. Contact the St. Margaret’s Office of Admissions for all other questions regarding the financial aid process.


Important Dates

New Students:
October 2 Financial Aid forms become available
January 31 Parent Financial Statement (PFS) deadline; Tax returns and all schedules must be submitted to SSS by mail or online
March 10 Admission and Financial Aid decisions are mailed
April 10 Enrollment Contract and deposit deadline

Returning Students:
October 2 Financial Aid forms become available
January 31 Parent Financial Statement (PFS) deadline; Tax returns and all schedules must be submitted to SSS by mail or online
February 9 Re-enrollment Contract and Financial Aid decisions are mailed
March 23 Enrollment contract and deposit deadline