Financial Assistance FAQs
Q: How is financial 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 assistance 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 assistance committee uses this and other information to determine a family’s award amount.
A: The amount of assistance offered to qualified families is based on the following:
- MPA's financial assistance budget.
- Financial need of candidates, as assessed by TADS.
- Number of candidates who apply and qualify for financial assistance.
- The number of financial assistance recipients and level of need per grade.
- New students entering either Lower or Middle School may receive financial assistance up to a maximum of 50% of tuition; new students entering Upper School may receive financial assistance up to maximum of 75% of tuition.
Q: Will my family be eligible for financial assistance?
A: Awards are based on a family’s assessed financial “need,” the amount of assistance 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 assistance 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 assistance equation to determine need.
Q: How many families receive financial assistance at MPA?
A: For the 2017-18 academic year, approximately 30 percent of MPA students received assistance awards. Financial assistance 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 assistance.
Q: Do I need to apply for financial assistance every year?
A: Yes, because family circumstances can change, families re-apply for financial assistance every year. Awards can also be influenced by the total amount of assistance available and the number of candidates who apply each year.Q: How do I apply for financial assistance?
A: To apply, please follow the detailed Financial Assitance Instructions.
Q: When do I apply for financial assistance?
Financial Assistance Process Begins: December 1, 2017
Financial Assistance Application Deadline: February 15, 2018 (applications received after this date will be considered on the basis of available funds)
Financial Assistance Awards Announced: Shortly after admission notification
If you have additional questions about Financial Assistance at MPA, please contact:
Director of Admission