Indexed Tuition

Tuition at Mounds Park Academy is not “one-size-fits all.” It’s a range. A range that spans from 20% to 80% of the true cost of an MPA education. If a family chooses to apply, qualifies for Indexed Tuition, and funds remain, MPA's tuition will be adjusted to meet your family’s unique financial position. No family at Mounds Park Academy pays the true cost of their child’s education thanks to the generosity of our annual donors and a robust endowment.

Please note: Due to overwhelming interest in an MPA education, Indexed Tuition is not available for 2020-21 mid-year starts. The Indexed Tuition application is open for students starting in the fall of 2021. The deadline to complete the Indexed Tuition application process is February 15, 2021.

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What is Indexed Tuition?
Indexed Tuition is a program that, when applied for, evaluates each family’s unique financial position and determines a tuition level at MPA that is in line with this position. This makes a Mounds Park Academy education affordable to many qualified students who could not otherwise join our school community.
How does Indexed Tuition work?
Any family (current or new) of a kindergarten through twelfth-grade student may apply for Indexed Tuition if they are concerned about affording Mounds Park Academy. Many factors are considered when determining the tuition amount a family is able to invest, including income, assets, other expenses, and the size of the family. The tuition reduction available for the family in a given year must also be considered in light of the Indexed Tuition budget available at Mounds Park Academy.

An application for Indexed Tuition does not affect the re-enrollment or admission process. Parents should initiate the admission process as early as possible. New families may complete both the application for admission and the Indexed Tuition processes simultaneously. Indexed Tuition is not communicated to new families until a student is offered admission and tuition is determined for the year in which the student will begin. Indexed Tuition is not awarded on a first-come, first-serve basis, however maximum consideration is given to families who apply by the February 15, 2021 deadline.

It is not possible for a family or the school to estimate the tuition level for which a family qualifies without the completion of an Indexed Tuition application. Applications are submitted directly to TADS—our school's online financial review partner. TADS evaluates the application based on criteria set by the school and makes a recommendation to the school’s Indexed Tuition team. Families are notified of the tuition level for which they qualify from TADS.

The school is not able to index tuition in PreK or for every deserving student. We work within the available resources to make the school accessible to as many students and families as possible. As a school, we seek to admit talented and motivated students, regardless of family resources. Inclusion is an essential element to our mission and culture. We believe that economic diversity enriches the educational opportunities for all our families.

Should every new Mounds Park Academy family submit an application for Indexed Tuition?
No. Only families with children in grades K-12 who feel that the top of the MPA tuition range is beyond their reach should submit an application. Indexed Tuition is not offered in PreK and it is not offered for mid-year starts during the 2020-21 school year.
Do I need to apply for Indexed Tuition every year?
Yes. A new application must be submitted every year.
If I do not qualify for the program this year, can I apply again next year?
Yes. A family that does not qualify is welcome to reapply the following year if they have experienced a significant change in their financial situation.
Do I need to apply for admission separately from applying for Indexed Tuition?
Yes. The application for admission and the application for Indexed Tuition are two separate processes. However, new families may complete both application processes simultaneously.
Do I need to apply for and be offered admission to receive my Indexed Tuition?
Yes. You will receive your Indexed Tuition with your admission decision on March 26, 2021.
Will applying for Indexed Tuition hurt my student's chance of being admitted?
No. Admission applications and Indexed Tuition applications are evaluated separately, and an application for Indexed Tuition has no bearing on the admission process.
What kind of economic situation is typical of a family who qualifies for Indexed Tuition?
A wide range of families with a variety of circumstances qualify for the program, from those who are able to pay close to the maximum range of Indexed Tuition to those who are at the entry level of the range. Many factors are evaluated, including income, assets, unusual expenses, the size of the family, and the division the child is in.
I see that the Indexed Tuition ranges don't include a multi-student discount. Why?
Multiple students are one of the key factors in determining Indexed Tuition. One of the important questions asked on the confidential Indexed Tuition application relates to family size and number of students enrolled at Mounds Park Academy.
Are all admitted students offered Indexed Tuition if the family qualifies?
No. The school does not have the ability to offer Indexed Tuition to every student who qualifies for both admission and Indexed Tuition. A student may be admitted to the school but placed on a waiting list for Indexed Tuition. It is recommended that families apply for admission and Indexed Tuition as early as possible.
What is the timeline for the Indexed Tuition application?
The Indexed Tuition application for the 2021-22 school year is now open. Go to www.mytads.com and click on the “Financial Aid Assessment” link. If you apply before February 15, 2021, and your child has been accepted to Mounds Park Academy, your family’s Indexed Tuition will be shared on March 26, 2021. At this time, you will receive your Indexed Tuition and enrollment contract via an email from TADS and you may login to complete your enrollment. The enrollment deadline is April 9, 2021.

Indexed Tuition will be very limited or unavailable for applicants after February 15, 2021. Families are encouraged to apply as early as possible for maximum consideration. Please contact the Office of Admission for more information.
Will Indexed Tuition lead to large classes?
No. Mounds Park Academy has established maximum class sizes that will not be surpassed. Within those limits, we will continue to accept qualified, mission-appropriate students just as we always have.

Who should I contact with questions about Indexed Tuition?
Questions from prospective families about Indexed Tuition should be directed to:
Office of Admission
admission@moundsparkacademy.org
651-748-5577
Should every returning Mounds Park Academy family submit an application for Indexed Tuition?
No. Only the following returning K-12 families should apply:
  • those currently receiving financial assistance; or
  • those not currently receiving financial assistance who feel that they are not able to pay full listed tuition and have experienced a significant change in their financial situation since the last time they applied.
Do I need to apply for Indexed Tuition every year?
Yes. A new application must be submitted every year.
What kind of economic situation is typical of a family who qualifies for Indexed Tuition?
A wide range of families with a variety of circumstances qualify for the program, from those who are able to pay close to the maximum range of Indexed Tuition to those who are at the entry level of the range. Many factors are evaluated, including income, assets, unusual expenses, the size of the family, and the division the child is in.
I see that the Indexed Tuition ranges don't include a multi-student discount. Why?
Multiple students are one of the key factors in determining Indexed Tuition. One of the important questions asked on the confidential Indexed Tuition application relates to family size and number of students enrolled at Mounds Park Academy.
What is the timeline for the Indexed Tuition application?
The Indexed Tuition application for the 2021-22 school year is now open. Go to www.mytads.com and click on the “Financial Aid Assessment” link. Applications for current families are due by January 15, 2021. Your family’s Indexed Tuition will be announced when your re-enrollment contract is sent in early-February, which is concurrent with re-enrollment opening. After this timeline, Indexed Tuition will be announced on a rolling basis to current families, based on funds available. Please allow two weeks for the application to be reviewed.
Will Indexed Tuition lead to large classes?
No. Mounds Park Academy has established maximum class sizes that cannot be surpassed. Within those limits, we will continue to accept qualified, mission-appropriate students, just as we always have.
Who should I contact with questions about Indexed Tuition?
Questions from current families about Indexed Tuition should be directed to:
Gina Wallraff, CFO
651-748-5505
gwallraff@moundsparkacademy.org

Income Ranges of Families Who Qualify For Indexed Tuition at MPA

Income Ranges

2020-21 Tuition

Pre-Kindergarten Tuition

Grade Level/Days Per Week

Tuition

Included

PreK at 5 full days per week

$16,900

Before/after school care
Hot lunch

PreK at 4 full days per week $13,500 Before/after school care
Hot lunch
PreK at 3 full days per week $10,100 Before/after school care
Hot lunch
PreK at 2 full days per week $6,800 Before/after school care
Hot lunch

Grades K-12 Tuition

Grade Level

Tuition Range Families Pay

Hot Lunch (optional)

Grades K-4
Lower School

$13,200 - $26,400*

$1,025
($6.07 per day)

Grades 5-8
Middle School

$14,350 - $28,700*

$1,125
($6.66 per day)

Grades 9-12
Upper School

$7,840 - $31,350*

$1,125
($6.66 per day)

* The bottom of this range reflects the lowest possible tuition available at MPA if a family qualifies for the maximum Indexed Tuition award and funds are available. MPA's tuition does not fall below those minimums. The top of the range is the tuition for families who do not to apply for or qualify for Indexed Tuition. The top of the range also reflects the tuition families will pay if Indexed Tuition is no longer available at the grade level they are seeking. This amount has already been reduced thanks to the generosity of our annual donors and a robust endowment. These ranges reflect 20%-80% of the true cost of an MPA education.

Indexed Tuition is not offered at the PreK level or for mid-year starts in the 2020-21 school year.

Grades 5-12 include a 13-inch Apple MacBook Air student laptop and participation in athletics.

MPA offers one payment plan or two, three, or eight payment plans with a 7% interest rate.