The school has a philosophical commitment to educating a socio-economically diverse student body. Our financial aid program is designed to help us achieve this diversity. The financial aid application process is the means to allocate financial aid in as fair a manner as possible. Private school education is a choice for families. The school and families make significant financial sacrifices to support this choice. Our policies and philosophy attempt to ensure that each family is subject to the same guidelines as we evaluate the needs of your family relative to the needs of other families in our school community.
Our policy is to provide financial aid awards based on the demonstrated need of the family. Therefore, our awards range from a small amount of assistance up to the full cost of tuition.
We use the Parents' Financial Statement designed by the School and Student Service for Financial Aid (SSS) to help us determine the contribution your family should make towards educational expenses. Billings’ financial aid award committee uses the results as a guide in allocating your family's aid award based on need, the school's policies and resources.
A family will need to be able to pay approximately $2,075 per month for ten months to afford tuition. If after reviewing your family finances you are not able to afford the monthly amount, your family should consider applying for aid.
Even though the school provides a large amount of financial aid, our funds are not limitless. We must budget for the needs of our financial aid families for the current year and for future years. Therefore, we also assume parents who are applying for admission to the school have carefully evaluated their own capacity to pay tuition and have determined whether their family needs financial aid prior to applying.
Priority for financial aid goes to returning students who were on financial aid in the prior school year. However, each year we do ask all families that are receiving aid to submit their most recent financial information to guide the award committee in determining the current level of need. If your family qualifies for aid at the time of admission but all the financial aid money has been awarded, you may reapply for aid in the following year as a current family.
If your financial situation has changed and you find you cannot pay the full tuition for the following year, you may apply for financial aid. Please contact the financial aid office and request information. If the financial aid award committee determines your family needs aid as a returning family, you are given a higher priority for aid than most new students.
Yes, Billings has a process that reviews the family's appeal, asking for additional information that will allow the award committee to adjust the financial aid granted. At times, we find families have not included some financial information that would have helped the award committee grant a higher level of aid. Unfortunately, in other cases, the aid award decision does not change. When you appeal it is helpful if you submit a listing of the family's monthly expenses, copies of recent pay stubs and unusual expenses your family may not have included on your original application.