Affording Hopkins

List of 10 items.

• Does Hopkins offer merit or athletic scholarships?

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  The Malone Family Foundation supports a need-based scholarship that also has a merit component. Students applying for financial aid are automatically considered for this award and no additional application is required. 
  
  Hopkins does not award any athletic scholarships.

• Does my family qualify for a fee waiver?

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  Fee waivers can be granted for the Admission Application through SAO or Gateway, or the SSAT or ISEE by calling the Admission Office at (203) 397-1001 x212.
  
  If you think you might be eligible for a financial aid fee waiver for the Clarity application, please reach out to Carolyn Traester, Director of Financial Aid, at (203)397-1001 x208 or ctraester@hopkins.edu.

• How does financial aid work after the first year?

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  Families need to apply for financial aid each year, but can expect to receive a grant equivalent to the same general percent of tuition as originally awarded, as long as the family’s financial circumstances remain consistent. Changes in employment and/or number of tuition obligations may impact an award.

• How is financial aid eligibility determined?

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  In making decisions, the Financial Aid Committee uses the professional services of Clarity, which provides objective analysis and assistance to independent schools and their families across the country. 

   
  The Committee carefully analyzes a family’s Clarity application, taking into consideration the individual circumstances affecting a family’s request for assistance (including the number of tuitions), a family’s available resources to assist with tuition such as income, assets, and liabilities, and the school funds available for financial aid in a particular year. 

• What changes do families make to contribute towards tuition?

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  Financial circumstances are different for each family, however, in a National survey conducted by NAIS, these are ways families said they contributed towards tuition:
  

  • reducing discretionary spending on dining out and vacations
  • delaying or spending less on major household purchases
  • saving less for retirement
  • saving less for college
  • delaying or spending less on the purchase of a car
  • delaying or spending less on major household repairs

• What documents are required in support of the Clarity Application?

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  All documents should be submitted directly to Clarity by January 15. 
  
  To apply for financial aid for the 2025-2026 school year, we require the following additional documents:

  • a copy of the parent(s) December 2024 payroll form and a copy of the parent(s) 2024 W-2 form upon receipt;  
  • a current mortgage and/or home equity loan statement that provides the payment amount and/or most recent balance, or a copy of the rental lease that provides the monthly payment amount;
  • verification of tuition payment(s) to other schools, if applicable;
  • a copy of the parent(s) most recent 401k/403b statement, if applicable;
  • a copy of the parent(s) most recent bank/brokerage account(s) statement(s), if applicable.

• What if parents are single, separate, divorced or remarried?

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  To be considered for financial aid, all required materials must be submitted by both parents, regardless of marital status, custody arrangements, or payment agreements. Hopkins expects all parents/guardians to contribute to their child's education to the extent possible, regardless of claims that one will not participate financially. If parents are separated and either or both remarry, new spouses must also submit materials. Financial information from one parent/guardian is not shared with the other.
  
  The Financial Aid Committee may waive the non-custodial parent's submission requirement in certain cases. Documentation will be required to waive a non-custodial parent's participation. Please reach out to Carolyn Traester, Director of Financial Aid, at ctraester@hopkins.edu for more information.

• What is the financial aid application deadline?

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  For current Hopkins families, the financial aid application deadline is January 3.
  
  For families applying for admission to Hopkins, the financial aid deadline is January 15.
  
  Please note applications for admission are also due January 15.

• When are students and families notified of financial aid decisions?

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  If admitted with a financial aid award, an applicant will know both decisions at the same time, typically at the end of February.
  
  For returning students, families will be notified in Mid-February of financial aid awards.

• Will applying for financial aid affect my chances for admission?

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  If you believe you will need financial aid to attend Hopkins, you should apply, as financial aid will not be available post-admission for the year in which you are admitted, or in future years absent a significant change of circumstances. However, students who apply, and qualify, for financial aid are in a more competitive pool for admission.