A Prep education is an investment in your child’s future, and we are committed to making such an education possible for all qualified students. This year 31% of our families received some form of assistance from the more than $1,664,198 allocated to financial aid, with an average grant amount of $15,352.
Awards are based on demonstrated economic need and the availability of funds. Students are first accepted to the School on the basis of character, grades, teacher recommendations, special talents, and potential for personal growth, regardless of ability to pay. Students are then considered for financial aid through a separate process.
While Santa Fe Prep does its best to meet need to the degree possible, we believe the primary responsibility for financing a student’s independent school education rests with the family. All families are therefore expected to contribute at least a portion of their child’s educational expenses.
Included in the following pages are step-by-step instructions for applying for tuition assistance, information on payment options for the expected family contribution, guidelines, and answers to frequently asked questions.
Affording Prep
We understand that paying your tuition obligation in one payment, regardless of any financial assistance, can be difficult. All Prep families have the option of enrolling in a tuition management program that allows them to spread tuition payments out over 10 or 12 months. Tuition Management Systems (TMS) offers this service interest-free. Enrollment applications are available through our admissions and business offices, or you can visit the TMS website for more information about the program.
We also encourage families to tap all available resources to meet their financial need, such as outside scholarships, tribal and organizational education funds, and other family members or trusts.
Malone Family Foundation Scholarship Program
Santa Fe Prep was awarded a $2 million endowment grant from the Malone Family Foundation for tuition assistance for gifted students. Prep joins 48 other schools nationally that have received this honor and is the only school in New Mexico to be a Malone partner. With this endowment, Santa Fe Prep seeks gifted and talented students with the motivation to excel in Prep’s highly academic environment.
Qualifications to be considered for a Malone Scholarship include:
1. Student must be new applicants going into the 7th-10th grades.
2. Student must be in the top five percent, academically, of their grade and/or demonstrate giftedness and a motivation and desire to learn.
3. Student must be a US citizen.
4. Student’s family must apply for tuition assistance to demonstrate need of at least 30% of tuition.
5. Student must meet the requirements of admission to Santa Fe Prep.
Please click here to read further information about the Malone Family Foundation Scholarship. If your child qualifies for a Malone Scholarship and you are interested in applying to Santa Fe Prep, contact Associate Director of Admissions Summar Aubrey at 505.795.7512 for more information. Please keep in mind this is a highly competitive process and Prep can only award 1-2 new scholarships each year.
Santa Fe Prep does not discriminate on the basis of race, color, religion, sex, national origin, sexual orientation or disability in the administration of its educational program, admissions, scholarship, athletic or other school policies.
Click here to learn how to apply for Tuition Assistance.