To help our families meet the costs of a private education, we offer tuition discounts. Preston defines a tuition discount as any credit that reduces tuition from the amount as stated in Section I. For the 2018-19 academic year, tuition is $11,500. Tuition discounts awarded and funded by Preston fall into six (6) categories:
Academic Scholarships (merit-based) Academic scholarships are awarded to incoming freshmen based upon performance on the TACHS exam and middle school academic records. These are generally 4-year awards as long as a student maintains the minimum GPA and tuition / fees remain current. Academic scholarships cannot be combined with any other Preston-awarded tuition discounts, except the Sibling Discount.
Mother Mary Veronica (“MMV”) Grant (Freshman year only). This grant is awarded to incoming freshman based upon service at their middle school. An application, including essay, must be submitted by the posted deadline, generally mid-February, before Registration Day. The MMV grant for 20189-20 is $2,500 and cannot be combined with any other Preston-awarded tuition discounts, except the Sibling Discount.
Financial Aid (need-based). We are very proud to continue our financial aid program to families of our students who demonstrate need. An application must be made every year for which you seek financial aid; the application can only be made directly from your FACTS tuition account by clicking on the “Apply for Grant & Aid” on your landing page. An application takes an average of two (2) hours total to complete properly.
For 2019-20, the application deadline for rising upperclasswomen is April 30, 2019 and there is a $40 fee, payable directly to FACTS. An application is not complete and will not be considered without the required 2018 tax documents (Federal and State returns and W-2 wage statements). If your tuition is in arrears as of April 30, your application will automatically be rejected.
For incoming freshmen (class of 2023), the deadline is December 14, 2018.
There is no way to determine in advance if you will receive financial aid, as there are simply too many individual factors and extenuating circumstances taken into consideration. Final awards are always contingent upon the funds available and the number of families requesting aid. Any Financial Aid granted will be posted to your FACTS tuition account at the end of May 2018
Financial Aid cannot be combined with any other Preston-awarded tuition discounts, except the Sibling Discount.
Legacy Discount. Students whose mother or grandmother is a Preston graduate are eligible to receive a $1,500 discount. The Legacy Discount cannot be combined with any other Preston-awarded tuition discounts, except the Sibling and ADNY Employee Discounts.
Archdiocesan (ADNY) Employee Discount. Students whose parent or legal guardian is employed by the New York Archdiocese are eligible to receive a $1,500 discount. Proof of full-time employment in the ADNY must be submitted for the academic year. Proof is defined as an original letter on letterhead from the Principal, or the equivalent, and a copy of the most recent employee paystub. The ADNY Employee Discount cannot be combined with any other Preston-awarded tuition discounts, except the Sibling and Legacy Discounts.
Sibling Discount. Families with more than one daughter attending Preston during the same academic year are eligible to receive a $750 discount for each additional sibling. The discount will be applied to the tuition account of the eldest sibling and will remain in effect until the withdrawal or graduation of the eldest sibling.
Other external scholarships include, but are not limited to, Inner City Scholarship (e.g., BASF and HSA), Bronx Charter School for Excellence Award, Community Connections Scholarship, Student Sponsor Partners, Columbus Citizens Foundation, and the Tri-State Italian-American Scholarship.
Tuition discounts, both Preston-awarded and external third-party, cannot exceed the amount of tuition, $11,500 for 2018-19. In the event the combined tuition discounts exceed tuition, then Preston will reduce its award(s) accordingly. At a minimum, the Family is fully responsible for the general and other fees.
In most cases, Preston is required to report your total tuition assistance by type to third-party foundations, in accordance with the terms of their scholarship. The may result in the reduction of one or more of your awards so that the total assistance does not exceed the tuition portion of your total tuition and fees.