Financial Assistance

Admission applications are reviewed without regard for a family’s ability to pay. Only in the final phase of the selection process is the committee “need aware” when weighing admission decisions against available funds. If you think you will require financial assistance to afford a Peddie education, you should apply.

You must reapply every year for financial assistance. You can expect your level of funding to be consistent each year as long as your family’s financial circumstances remain consistent. Adjustments in financial assistance grants are made based on changes including cost of attendance, income, employment, number of children in tuition-charging schools, etc.

Families have the opportunity to apply or reapply for financial aid each enrollment year in order for our office to make an accurate assessment and review changes in financial circumstances year-to-year. Financial assistance requests for students currently enrolled (but not receiving financial assistance) are reviewed after determinations are made for new students and current students already receiving assistance. The committee will only consider requests from families who have completed all application requirements on time.

Peddie has exceptionally limited funds available for international applicants. However, all students who complete their application and interview by our deadline of January 15 will be considered for our selective merit scholarships.

Peddie offers a select number of merit scholarships. Merit scholars come from diverse backgrounds. We select them based on their ability to strengthen all aspects of our community and make the most of their Peddie experience.

Merit scholarships are open to all applicants regardless of financial need.

Financial assistance recipients have no work commitment beyond that of any Peddie student. We expect each student, regardless of financial assistance, to maintain the high personal and academic qualities evidenced at the time of admission to Peddie.

The Financial Aid Committee will take tuition expenses into consideration for all children in schools that charge tuition (excluding graduate school). Peddie requires that families apply for assistance at each institution in which they have a child enrolled. Peddie cannot subsidize tuition for other tuition-charging schools.

New students: If the completed financial assistance application and all supporting documents are received on time, you will receive your financial assistance determination with your admission decision on March 10. Late applications will be considered upon completion and those financial assistance decisions are dependent on the amount of funds available.

Returning students renewing financial assistance applications: If the completed financial assistance application is received on time, returning student families will receive grant notifications when issued the re-enrollment contract.

Yes, Peddie grants fee waivers on the basis of demonstrated financial need. To request a fee waiver, please contact FA@peddie.org.

If extenuating circumstances are affecting your family’s financial stability, please submit the documentation that outlines these factors as part of your financial assistance application.

Each parent/family/household, regardless of custodial arrangements, must submit a complete financial assistance application.

Please submit a detailed letter and relevant supporting documents about any circumstances that Peddie should consider when determining your financial need. Be as specific as possible with dates and figures.