Financial Aid

St. Richard's Episcopal School believes that the family has primary responsibility for financing a child's education; however, we do offer financial aid based upon financial need as we seek to enroll students reflective of the School's Mission to promote and achieve racial, ethnic, and socioeconomic diversity within the St. Richard's student body. All financial aid is primarily based on demonstrated need. We believe all students admitted to St. Richard's Episcopal School have sufficient merit and that our funds are best awarded to those who truly need them.

St. Richard's Episcopal School uses the School and Student Service for Financial Aid (SSS) to collect basic financial information on income, assets, family size, and the number of siblings in tuition-charging schools. A need analysis report is prepared by SSS that suggests the amount a family can contribute for educational costs. Since not all families' financial circumstances are equal, the St. Richard's Episcopal School Financial Aid Committee uses the SSS evaluation as a starting point for reviewing each financial aid request.

St. Richard's Episcopal School does not have the resources to fully fund any student's tuition. Therefore, a family must show sufficient income to meet the family's living expenses and still pay a portion of tuition.

Applying for Financial Aid

On November 1, 2010, Parents' Financial Statement (PFS) applications for financial aid will be available online on the National Association of Independent Schools website (NAIS.org).

• Step 1.  Go on-line to www.nais.org and click on the link to SSS (School and Student Services), and then the link marked "Website for Families."  Complete the Parent Financial Statement on-line.  Before submitting, please print a copy for your records and one for the St. Richard's Business Office.  Enclose St. Richard's copy of the PFS in an envelope marked "Confidential" and bring it or mail it to the St. Richard's School Business Office (33 East 33rd Street, Indianapolis, IN  46205).  A fee of $35 will be required on-line when you submit your application.  Click "Submit."  Your information will be sent to the St. Richard's School Business Office as well as any other school you are considering.  This application must be submitted no later than January 31, 2011 to be considered for the first round of financial aid awards.
  
  
• Step 2.  Along with a copy of your PFS form, please submit copies of the following items to the Business Office at St. Richard's School, in an envelope marked "Confidential:"

*2010 federal tax forms, including W-2's, 1099's and all schedules for each person listed on the PFS form (Note:  if your taxes have not been prepared by January 31st, please submit them as soon as possible.  Financial aid monies will not be applied until the information submitted on the PFS has been verified by tax information).

*A signed copy of Tax Form 4506-T

*School and Student Service Business/Farm Statement for families operating a family business.

Click here for a downloadable brochure that has the complete financial aid application process and answers many questions you might have about financial aid at St. Richard's Episcopal School!