Financial Aid

The Financial Aid Committee makes a determination using Clarity’s methodology, which considers each family’s resources and individual circumstances.

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.

No, financial aid determination is separate from the Admissions decision.

February 1, 2023

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.

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.

All financial aid information is strictly confidential and viewed only by the Financial Aid Committee and Proctor’s Business Manager.

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.

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.

Yes, we offer four payment plans through our billing service “TADS.”
 

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.

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.

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.