Shorecrest will accept financial aid applications through FACTS beginning on November 1 through January 31. If your information is not submitted by January 31, you may not be considered for aid for the following school year.
Shorecrest awards tuition assistance based on your family’s estimated need from FACTS, the school’s current financial aid budget and the overall enrollment of the school. Financial aid dollars are prioritized for families with children entering in Middle and Upper School (5th-12th grades).
Shorecrest's Financial Assistance Committee determines awards in March. You will receive a letter via email notifying you whether or not your family received aid and, if so, your total award amount for the school year.
Please note, families must submit a complete application for enrollment, have an admissions decision, and a complete FACTS application before they are considered for financial aid.
Yes - if you are a business owner you will be asked for financial information about your business in the financial aid application. Just like for personal financial information, if you have not yet filed your taxes for the year in question, use previous year tax returns or estimates. If you have received income for something, yet you do not have documentation for that income, it is acceptable to enter your best estimate of the amount.
To help us objectively assess what a family is able to contribute to education expenses, we a trusted third party called FACTS. The analysis of a family’s "Estimated Family Contribution” (i.e. what you may be expected to pay) is a critical component of our decision. However, to make our final financial aid award decisions, we use the FACTS figures as the baseline for our own additional review, taking into consideration our total Financial Aid budget, other information we may have collected, our school’s policies and priorities, and the needs of our entire applicant pool.
Shorecrest is not always able to offer families the full award for which they qualify. Of the families who qualify and receive aid, the average award ranges from $6,000-$12,000 depending on the student’s entry grade, family ability to pay, and the overall financial aid budget. Financial aid dollars are prioritized for families with children entering Middle and Upper School (5th-12th grades.)
Apply online at FACTS. Submit your previous year tax return and your current W-2. Instructions may be found on the FACTS website.
If your child has been admitted to Shorecrest and FACTS has identified your family as demonstrating need, our committee will do its best to meet as much of that need as possible. Unfortunately, we do not have the resources to offer Financial Aid to every student who qualifies for both admission and a reduced tuition. A student may be admitted to the school but wait-listed for Financial Aid. The sooner you apply the sooner your complete application can be reviewed. Award notifications go out in March. Additionally, Shorecrest participates in other need-based award programs that may help supplement tuition further. Please see our Affording Shorecrest page for more information.
Many families who might not expect to be eligible for total financial support still qualify for a tuition break. We encourage all families who are interested in Financial Aid to submit an application. The only cost to apply is a little bit of time and the application fee to FACTS. Application for financial aid has no bearing on admissions decisions.
Both custodial and non-custodial parents (regardless of legal settlements) who are divorced, separated, or never married are required to submit their financial details. In exceptional cases where one parent cannot comply, the custodial parent should submit an explanation at the end of the online application.
Once FACTS has received and processed your completed application, you will be notified of your Estimated Family Contribution - the amount FACTS estimates your family can afford for tuition. This happens shortly after you submit your completed application. You will be notified in March of your award amount from Shorecrest.*
*Depending on the number of applicants, financial aid budget and other factors, Shorecrest is not always able to meet 100% of need.
FACTS uses a comprehensive analysis of a family’s financial situation to determine the Estimated Family Contribution. Often times families who have applied but do not qualify for aid are able to re-prioritize some of their financial obligations in order to enroll a child or children at Shorecrest. To find out about need-based scholarships from external organizations, loan programs or payment options, visit the Affording Shorecrest page of our website.
Applying for Financial Aid does not affect a student’s admission selection. All admissions decisions are made based on the quality of the candidates and the availability of space in the grade to which the child is applying. Unfortunately, we do not have the resources to offer Financial Aid to every student who qualifies for both admission and a reduced tuition. A student may be admitted to the school but wait-listed for Financial Aid. While all award notifications go out in March, families interested in financial aid are strongly encouraged to apply as soon as possible.
Yes. Financial aid awards are assessed annually and may be subject to change based on your family’s financial circumstances, the overall enrollment of the school and other factors. All families, even those who did not previously qualify, are strongly encouraged to reapply for aid annually.
Possibly. Financial aid awards are assessed annually and may be subject to change based on your family’s financial circumstances, the overall enrollment of the school and other factors. Families who are interested in financial aid must apply for it each year.
The best way to communicate any extenuating or special circumstances around your family’s finances and ability to pay for Shorecrest is during the FACTS application process. Submitting that information through FACTS ensures that all members of the Flexible Tuition Committee at Shorecrest become aware of your family’s particular circumstances.
Shorecrest Preparatory School
5101 First Street Northeast St Petersburg, FL 33703 Phone: (727) 522-2111 | Fax: (727) 527-4191 [Map]