Financial Aid at Pingry
Pingry seeks a student body that represents a broad economic range, including families who require significant or full support, but also those who with some financial assistance are able to consider a Pingry education. Pingry strives to meet 100% of the demonstrated need for each student we enroll and support. Awarding $3.8 million dollars during the 2012-2013 academic year to approximately 15% of our student body, the goal of our financial assistance program is to help close the gap between the total cost of a Pingry education and what a family can afford. All Pingry financial aid is need based. We do not offer any academic, athletic or artistic scholarships.
Pingry is an exceptional investment and many families employ several strategies to keep the cost manageable. In planning for the cost of a Pingry education, it is important to realize that a family, to the best of their ability, bears the primary responsibility for financing their child's education. The Financial Aid Committee seeks evidence that a family's commitment to their child's education is at least as strong as that of the school.
For the 2012-13 academic year, 162 students in Kindergarten through Grade 12 are receiving financial aid awards from the school. The following financial aid statistics include our six New Jersey SEEDS scholars. For more information on the NJ SEEDS program, please see description here.
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While Pingry’s average grant is $23,550, we make financial aid grants to address the needs of families in different economic circumstances. The range of our awarded grants is approximately $500 to full Upper School tuition plus expected expenses for the 2012-13 academic year.
Numerous factors contribute to the determination of a family’s ability to pay tuition including: income, assets, general living and medical expenses, financial obligations, number of dependents, number of children in tuition charging schools, and ages of parents. Please also note that each case is evaluated individually and therefore families in the same income range may have vastly different overall financial circumstances and therefore receive different levels of financial aid.
Pingry requires enrolled families to reapply for aid each year. The school is committed to supporting a student through graduation provided demonstrated need continues to exist. It is important to note that a family’s award amount may change from year to year if the family’s financial situation changes.
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Financial Aid Awards 2012-2013 |
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Range of awards
as percent of
grade level tuition
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Percent of Pingry
financial aid
recipients
|
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Less than 50%
|
23%
|
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50-75%
|
25%
|
|
76-90%
|
25%
|
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91% and above
|
27%
|
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Family
income
|
Number
of awards
|
Percent
of financial
aid recipients
|
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Under $70,000
|
34
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21%
|
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$70,000 - $115,000
|
40
|
25%
|
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$115,001 - $180,000
|
52
|
32%
|
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Over $180,000
|
36
|
22%
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