A. Mercersburg’s first commitment is to returning students, but eligibility is determined annually. Every family must complete a financial-aid application for each year of enrollment to determine eligibility. Changes in income, expenses, and assets will impact your Estimated Family Contribution.
A. While Mercersburg has a generous financial-aid program, the budget is limited and we receive far more requests for financial aid than we can meet. We will not extend an offer of admission to students whose financial need cannot be met. Thus, by applying for financial aid, a child is entering a more competitive segment of our applicant pool.
A. No. Please complete all the financial-aid forms using the estimated tax information. Be sure to check the “estimated tax” box on your Parent Financial Statement. We understand that families will not have completed their current-year taxes by our January 31 deadline. Complete your current year taxes and upload an official copy to SSS as soon as possible, as no financial-aid award is official until all tax forms are submitted and reviewed by the committee.
A. Mercersburg considers all tuition expenses that a family has, including the student(s) applying for financial aid at Mercersburg; however, Mercersburg does not subsidize graduate school for parents and/or siblings.
A. Mercersburg imputes a salary for each non-working parent, excepting all non-working parents with children too young to enter school, and/or non-working parents unable to work as a result of a disability or retirement. The impact of each parents’ employment status is considered on an individual basis.
A. Yes. Every family must complete a financial-aid application for each year of enrollment to determine eligibility. Returning families need only submit an updated Parent Financial Statement and their most recent tax forms. Changes in income, expenses, and assets will affect your Estimated Family Contribution.
A. Mercersburg relies upon the methodology of SSS to calculate a financial-aid award. Like many schools, however, Mercersburg uses its own discretion to reconcile the Parent Financial Statement with information provided on a family’s tax forms, and to account for individual circumstances that may impact a family’s Estimated Family Contribution; this may include an adjustment for cost of living, anticipated tuition payments for other children, recent medical expenses, and other exceptional circumstances.
A. In addition to submitting the Parent Financial Statement and tax forms, families are encouraged to contact the Office of Admission and Financial Aid to discuss complex financial circumstances with a financial-aid officer; the family may also wish to provide a written explanation. The Office of Admission and Financial Aid may also contact a family in the event that additional supporting documentation (such as K-1, Form 1120S, form 1065, etc.) is required to assess a family’s financial need.
A. When considering available resources that can be used to fund a student’s education, Mercersburg may consider any of the following: a student’s savings; investments; trust funds; 529 funds; or any other assets in the student’s name, held for a student for any reason, or restricted in any way. The general rule is that a student’s assets are equally distributed over his or her time at Mercersburg, plus four years of college/university.
A. For parents who are divorced, separated, or have never been married, we require each parent or family member to complete a separate financial-aid application. Mercersburg expects all parents, guardians, domestic partners, and/or step-parents to play an appropriate role in financing and supporting their student’s education.
A. Yes. There are limited financial-aid funds available to assist families in covering the costs of summer and extended programming offered by Mercersburg. Families must apply directly to the Office of Summer and Extended Programs to receive assistance.
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Founded in 1893 in the heart of Pennsylvania and the Mid-Atlantic, Mercersburg is a private, coed, college preparatory boarding school with approximately 440 students (15 percent are day), grades 9-12 and postgraduate.
We offer 170 courses, including AP and Honors, more than $6 million in financial aid, 26 varsity sports, and a state-of-the-art performing and visual arts center. Located 90 minutes from Washington, D.C., and Baltimore, and within easy driving distance to New York City, Philadelphia, and Pittsburgh. 300 East Seminary Street, Mercersburg PA 17236 717-328-6173