Financial Aid FAQs
Q: How is financial aid need at MPA determined?
MPA assesses a family’s financial need with the help of TADS. Tads is an outside agency that specializes in uniform calculation of a family's ability to cover educational expenses. Each family applying for aid completes an online application. (In cases of divorce, both custodial and non-custodial parents must complete the form.) The outside agency processes this application and sends MPA a calculation with an estimate of a family’s financial need. MPA’s financial aid committee uses this and other information to determine a family’s financial aid award amount.
A: The amount of aid offered to qualified families is based on the following:
- MPA's financial aid budget.
- Financial need of candidates, as assessed by TADS.
- Number of candidates who apply and qualify for financial aid.
- The number of financial aid recipients and level of need per grade.
- New students entering either Lower or Middle School may receive financial aid up to a maximum of 50% of tuition; new students entering Upper School may receive financial aid up to maximum of 75% of tuition.
Q: Will my family be eligible for financial aid?
A: Aid awards are based on a family’s assessed financial “need,” the amount of aid available, and the number of applicants. Because several factors contribute to determining financial need, it is impossible to specify if a family at a certain income level would be eligible to receive aid without going through the financial aid application process. Income, assets, taxes, family size, unusual expenses or debts, and number of family members at tuition-based schools are all figured into the financial aid equation to determine need.
Q: How many families receive financial aid at MPA?
A: For the 2015-2016 academic year, approximately 30 percent of MPA students received aid awards. Financial aid comes in the form of a grant (not a loan), and is for tuition only. Fees such as books and other incidental expenses, such as transportation, are excluded from financial aid.
Q: Do I need to apply for financial aid every year?
A: Yes. Because family circumstances can change, families re-apply for financial aid every year. Aid awards can also be influenced by the total amount of aid available and the number of candidates who apply each year.Q: How do I apply for financial aid?
A: To apply, please follow the detailed Financial Aid Instructions.
Q: When do I apply for financial aid?
Financial Aid Process Begins: December 1, 2016
Financial Aid Application Deadline: February 15, 2017 (applications received after this date will be considered on the basis of available funds)
Financial Aid Awards Announced: Beginning on February 10, 2017 for Priority Admission applicants; within two weeks after submission of complete financial aid application and offer of admission notification for Regular or Late admission timeline applicants.
If you have additional questions about Financial Aid at MPA, please contact:
Director of Admission