Tuition and Financial Aid

All tuition and fees listed are for the 2020-2021 school year. You may expect a modest increase in tuition and fees for the 2021-2022 school year. Whether a child is re-enrolling or entering St. Margaret's for the first time, a non-refundable deposit fee is required to guarantee a place in the school. The balance of the tuition is due in payments on May 31 and November 30.

In addition, St. Margaret's Episcopal School requires participation in the Tuition Refund Plan underwritten by the Commercial Union Insurance Company, Boston, MA, for A.W. G. Dewar, Inc. The plan costs approximately 0.9% of tuition and protects the educational investment of the family should a student not complete the school year for any reason. The Tuition Refund Plan premium is included in the cost of tuition.

Financial Aid applications for New Families are due Saturday, February 15, 2020

 

Financial Aid applications for Currently Enrolled Families are due Friday, February 28, 2020

St. Margaret’s has established a strong Emergency Financial Aid program to support families deeply affected by the COVID-19 crisis. All families interested in applying for need-based Emergency Financial Aid may submit applications throughout the spring and summer months of 2020.  Please follow all application steps listed below.

Financial aid enables St. Margaret's Episcopal School to bring students of varying backgrounds to its campus. $3.3 million of need-based financial assistance was awarded for the 2019-2020 school year. Students whose families who are unable to afford the full tuition cost of St. Margaret's are encouraged to apply for admission. After admission decisions are made, financial aid awards are considered and offered to families who demonstrate financial need. In addition St. Margaret’s has established an Emergency Financial Aid program to help families significantly impacted by the COVID-19 crisis.

 

St. Margaret's is a member of School and Student Services for Financial Aid (SSS). SSS uses national methodology to calculate a family's financial need. This methodology assists St. Margaret's in determining a family's financial ability to contribute towards the cost of tuition. The Financial Aid Committee carefully evaluates the income and assets of each family applying for aid and awards financial assistance according to demonstrated need.

 

All need-based financial aid awards are reviewed and recalculated each year. Families are asked to re-submit updated financial aid information and annual tax information. Please know, St. Margaret's does not offer sports or arts scholarships.

All Tax forms need to be submitted by the necessary deadline directly to School and Student Services (SSS).

 

 

Priority will be given to financial aid applications received by the respective deadlines. Please note: divorced or separated parents must each submit a financial aid application. The Financial Aid Committee is unable to review applications until they are complete. Financial aid awards are re-calculated each year for current students and reflect any changes in a family's financial situation.

 

All application forms for financial aid are confidentially collated and tracked by our Business Office. Melissa Norwood, Student Accounts Specialist, tracks the receipt and processing of all financial aid forms. Please direct all completed financial aid paperwork to the attention of melissa.norwood@smes.org. If you have any questions regarding the St. Margaret’s need-based financial aid program, please don’t hesitate to contact Phoebe Larson, Director of Admission and Enrollment Management at phoebe.larson@smes.org.

 

For questions regarding the financial aid program, please contact the Office of Admission and Financial Aid at (949) 661-0108 ext. 1248 or admission@smes.org.