Community Preparatory School is committed to making our education accessible to families from all socioeconomic backgrounds, especially to low-income families. As part of this mission, we strive to provide sufficient financial aid so money never becomes an obstacle that prevents a student from attending our school. While we are committed to helping families afford Community Prep, we do expect each family to make a reasonable contribution to their child's education.
For the 2019-2020 school year, the school awarded over $1,000,000 to more than 90% of our students. These financial aid dollars are raised by our Development Office and come from generous individuals, corporations and foundations who support our mission to provide financial assistance to low-income families. While we encourage all families who feel they cannot afford the full tuition to apply for financial aid, parents must understand we have a limited amount of money available, and we intend to award funds to those families who truly need assistance.
TUITION AND FEES 2022-2023
Regular Academic Program:
Tuition for the 2023-2024 school year is $18,000. Other fees include field trips and meals. While most field trips are covered by the tuition, some may involve a fee or ask families to contribute what they can. Students can bring their own lunch if they choose. For those who wish to eat school breakfast, the full price is $1.95. Lunch is offered at the full price of $3.00. Some students may qualify for free or reduced-price breakfast and lunch. Fees may be waived for students who cannot afford them.
After-School Program (CP After 3):
Community Prep offers a five-day after-school program, CP after 3. The fee for the after-school program is $15/ day Monday - Thursday, $10/Friday 1:15pm - 3:15pm a day, $20/Friday 1:15pm - 5pm or $130 per month, paid monthly.
Financial Aid & Special Scholarships:
Financial aid at Community Prep is need-based. Awards are made on the basis of a family's ability to pay. The cost of full tuition, minus the amount which we determine that a family can pay, will equal the family's financial aid award. This award comes in the form of a grant, which is applied directly to a student's tuition account.
The Merit Scholarship is a $500 stipend awarded to a rising sixth-grade Community Preparatory School student who exhibits a history of school-appropriate behavior, an outstanding grade point average, an exemplary report with their teachers and classmates, and above-average standardized test scores, and financial need. Only students who rank in the top 10% of applicants will be considered. The award will be disbursed as a stipend for three years to the student who meets the criteria outlined above.
CALCULATING FINANCIAL AID AWARDS
All families are asked to complete a Community Prep Financial Aid Form (CPFAF). If the information a family provides on this form is sufficient, we will make an award based on the CPFAF. If we feel that we would like to have more information, we will ask a family to complete a Parents' Financial Statement (PFS) and send it to the School and Student Service for Financial Aid (SSS) in Princeton, New Jersey for calculation. Generally, families who have an income of more than $50,000/year or who own a business will be asked to complete the PFS. SSS will analyze and process the PFS and send a report to Community Prep, which includes a suggested family contribution. Community Prep will consider this report when determining the actual financial aid award.
In calculating awards, both Community Prep and SSS consider gross taxable income, untaxed income/benefits, assets, family size, and the number of students in tuition-charging schools. Allowances are made for basic necessities and taxes. We also take into consideration other liabilities such as uninsured medical expenses, parent's student loans and unusual expenses which a family feels are significant. The resulting discretionary income is money that can be used for educational expenses.
In case of divorce or separation, Community Prep requires that both birth parents submit financial information. If the non-custodial parent is not involved in the child's life, the custodial parent should submit a statement explaining the situation. If a custodial parent is re-married, we require that the stepparent provide financial information as well. If you have questions regarding this issue, please feel free to call the Admission Office.
All families must pay a deposit, which is 20% of their tuition. This non-refundable deposit is due upon signing the Enrollment Agreement. The deposit is applied to the total tuition owed. It is not an extra fee.
The remaining tuition can be paid in one of three ways:
1. Payment in full by August 1.
2. Half the total tuition by August 1, and the remainder by January 1.
3. Monthly payment plan: Payments are due on the first of each month starting August 1 and ending March 1 (8 payments).