Financial Aid

Philosophy and Purpose

It is the goal of Proctor Academy’s Admissions office to enroll a talented, motivated, passionate and diverse student body. The financial aid program supports deserving students who are unable to afford a Proctor education without financial assistance. Financial aid is need-based.

The Financial Aid Process

Admissions and financial aid are separate processes. Admissions decisions are never based upon a family’s ability to pay. Once a student is admitted, the Financial Aid Committee determines whether the school will be able to meet the need of the family. Need is defined as the difference between a family’s discretionary resources and the cost of educating the student. Although the school grants $4,000,000 in financial aid to approximately 35% of the student body, we are unable to offer financial aid to every qualified applicant. Therefore, some students will be admitted to Proctor without financial aid. Financial aid decisions are made in conjunction with the March 10th Admissions notification date.

Determination of Awards

Proctor’s need-based financial assistance program is guided by the National Association of Independent Schools’ “Principles of Good Practice for Financial Aid Administration.” Clarity uses a family’s financial information and applies it to a formula to estimate what a family can contribute towards the cost of education. The financial aid committee makes a final determination taking into account Clarity’s estimate and each family’s resources and individual circumstances. Families should identify all possible resources for funding a Proctor education before seeking financial assistance from the school.

How to Apply

To get started, please go to the Clarity Application and create an account. The application typically takes less than 30 minutes to complete, and it is mobile-friendly so you can complete it from anywhere. You are able to save your progress and return at any time. At the end of the application, there is a $55 fee to submit,* and you can share your application with additional schools that accept the Clarity Application for no additional charge. Simply use the dropdown menu in the application to select those schools.

The deadline for completing the financial aid application is February 1, 2023.

If you need support during the process of completing your application, there is in-app support available as well as email support at support@claritytuition.com in both English and Spanish. The application itself is also fully translated into Spanish.

*Fee waivers are automatically granted by Clarity after completion of the application if the financial information you submitted indicates that you qualify for a waiver.

Christin Lathrop

Director of Financial Aid

(603) 735-6658

lathropch@proctoracademy.org

Lisa Wood

Associate Director of Admissions and Financial Aid

(603) 735-6653

woodli@proctoracademy.org

Nondiscriminatory Statement

Proctor does not discriminate on the basis of race, color, religion, national or ethnic origin, citizenship, sex, sexual orientation, gender or creed in the administration of its educational policies, admissions policies, financial assistance, programs, athletic programs, opportunities, or any other Academy policy or program.

FINANCIAL AID FAQS:

List of 13 items.

How is financial aid determined?
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The Financial Aid Committee makes a determination using Clarity’s methodology, which considers each family’s resources and individual circumstances.
Where does financial aid come from?
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Each year, Proctor’s Board of Trustees establishes a financial aid budget, which currently represents 17% of Proctor Academy’s operating budget. Proctor is committed to a comprehensive financial aid program, which exists to attract and allow for a broad selection of students to be a part of our community.
Will applying for financial aid affect my child’s admission?
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No, financial aid determination is separate from the Admissions decision.
When is the financial aid application deadline?
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February 1, 2023
When will I receive notification of my financial aid award?
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For new families, you will receive your financial aid award in conjunction with your Admissions decision on March 10th. For returning families, you will receive your financial aid award in mid-February.
Will my financial aid award change from year to year?
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Families can expect awards to be renewed at the original level of funding from year to year, provided there is no significant change in financial circumstances and that the student remains in good academic and social standing. Proctor requires families to complete a new financial aid application each year. Failure to comply could result in a loss of financial assistance.
Are the financial aid records confidential?
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All financial aid information is strictly confidential and viewed only by the Financial Aid Committee and Proctor’s Business Manager.
Is financial aid available for international students?
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Proctor does offer financial aid to international students. International families can complete an application using Clarity here. We also ask that they submit appropriate government documents verifying a family’s stated income and assets.
What if parents are divorced or separated?
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The Financial Aid Committee considers the financial resources of both parents regardless of current marital status. Proctor is not bound by the assertion that one parent is not responsible for educational expenses due to court order, separation, or divorce. Both parents must submit a financial aid application, and financial documentation is required from all family members, both parents and step-parents. Failure to comply with this request may result in a denial of financial aid or a reduced award.
Are there payment plans available?
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Yes, we offer four payment plans through our billing service “FACTS.”
What does financial aid cover, should I expect other fees?
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Financial Aid awards account for costs associated with tuition and room and board. Incidentals such as travel to and from school, school and dorm supplies, and spending money are generally not covered by financial aid. See Additional Fees for details.
What if we do not need Financial Aid in our first year, but we do in subsequent years?
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If you enroll your child at Proctor without receiving financial aid, it is unlikely you will receive it in subsequent years. However, we understand that unforeseen changes may significantly impact your ability to meet tuition obligations, and in those situations we ask for a returning family to reach out to the Director of Financial Aid and to complete a financial aid application by February 1st.
What is financial aid and how is it different from loans?
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Financial aid is a need-based award given to qualifying families to offset the cost of a Proctor education. Unlike a loan, which requires repayment, an award does not have to be repaid.