A Purnell School education is an investment in your daughter and her future. The School is mindful of the sacrifices that families make to support their children in receiving the best possible education. Purnell therefore has developed several payment options to allow a wide variety of families and their daughters to benefit from a Purnell education.
Choosing the plan that is right for you enables you to finance a Purnell education in a manner that suits your family's needs. After reviewing the School's payment plans and loan option, we hope that you will find that the opportunity for your daughter to receive a quality education is attainable.
2010-2011 Tuition & Fees
Boarding Student ( 7-Day )
Tuition: $49,182
Tuition Refund Plan: 1,825
Dorm Damage Deposit: 100
Boarding Student ( 5-Day )
Tuition: $47,323
Tuition Refund Plan: 1,725
Dorm Damage Deposit: 100
Day Student
Tuition: $41,485
Tuition Refund Plan: 1,425
Dorm Damage Deposit: 100
Note: All incoming freshmen and transfer students are assessed a surcharge of 10% their first year--this charge is reflected in the costs above. This surcharge is dropped for subsequent years of attendance. It is important to note that inclusive of the 10% surcharge, Purnell School remains competitive with peer schools.
Payment Options
Purnell School offers four different payment options for your convenience. In addition, loan information is available.
1. Early Payment Plan: Payment of Tuition and Fees is made on or before June 1.
2. Tuition Management Services Payment Plan #1 (Installment Payments Plan): Pay 70% of the Tuition and Fees plus the cost of the Tuition Refund Plan by June 1 and pay the remaining 30% by December 1. This is a very popular plan for those with seasonal incomes or for families needing more flexibility in the payment schedule.
3. Tuition Management Services Payment Plan #2 (Monthly Budgeting Plan-Option 1): Pay 70% of the Tuition and Fees plus the cost of the Tuition Refund Plan by June 1 and pay the remaining 30% in equal installments over 5 months beginning September 1 and ending January 1. This plan is arranged through TMS 1-800-722-4867; http://www.afford.com
4. Tuition Management Services Payment Plan #3 (Monthly Budgeting Plan-Option 2): The balance of the Tuition and Fees after the initial deposit is paid will be divided into 10 equal monthly installments beginning April 1 and ending January 1. This plan is arranged through Tuition Management Services (TMS) : 1-800-722-4867; http://www.afford.com
5. Independent Loan: Other families pursue low-interest loans with agreeable repayment schedules through their local lending institutions or Your Tuition Solution.
Tuition Deposits
Purnell School requires a non-refundable deposit of $3,000 for all students. The deposit will reserve space for the upcoming school year. Tuition deposits are non-refundable after March 6, 2010.
Financial Aid
As part of our commitment to helping qualified students and their families afford a Purnell School education, the School offers need-based financial aid. To be considered for financial aid, all students must have been accepted for admission or reenrollment. For more information on financial aid, please contact Nicole Moon at 908-439-4009. Purnell School allows you to apply with TADS and SSS for financial aid. If you would like to apply with SSS please go to their website sss.nais.org, the school code for Purnell is 5944.
How to Apply for Financial Aid
1. Indicate you will be a candidate for financial aid on your application. Please go to www.tuitionaid.com to apply. Click on the "parents" tab and begin the application process.
2. Parents and/or legal guardians should complete the TADS application. Answer all questions as completely as possible and be certain to list Purnell School (Code # PT301560000).
3. Please send in the appropriate filing fee, to TADS. This should be done no later than January 15th if your application is to be given full consideration. If this date has passed, please send the completed forms as soon as possible. If the fee is not enclosed with your application, TADS will not be able to process your application. Make checks payable to TADS.
(a) Required processing fee: $29.
(b) Corporation/Partnership/Trust Processing Fee: $19, you are required to pay this fee if you have filed any of the following IRS forms; Form 1041, Form 1065, Form 1120-A, Form 1120, or Form 1120S.
(c) Parental Report Fee (Optional): $8 by ordering this report, you will be able to review the accuracy of the information that TADS has taken from your application form and see your application status. Your report will be sent about 5 working days after your report has been audited/reviewed. Please Note! This report does not show the amount of assistance you may receive from your school.
4. Please send all supporting documents directly to TADS, please do not send originals.
(a) Most recent W2 statements
(b) Most recent Paystub
(c) Most recent federal tax form
(d) Most recent corporate tax form
(e) Documentation for all other sources of income (social security, welfare, food stamps, unemployment, child support, workers compensation, etc.)
5. In cases of divorced or separated parents, it is the policy of Purnell School that both parents retain the obligation to contribute to their daughter's education whether or not there is a legal agreement between them to do so. Both natural parents should, therefore, provide the financial information that is requested by the School each year.
Renewal of a Financial Aid Award
Financial aid decisions are made on an annual basis, and we ask that families reapply for aid each year. The Financial Aid Committee then reevaluates student grants. Grant amounts may vary, depending on changes in the parents' financial situation.
