A Park education is an important investment in your child's future. In order to support that investment, Park provides a number of tuition payment options. Families' financial circumstances differ. Many find it helpful to spread the cost over the year by using our interest-free 12-month payment plan. Making education an absolute priority when contemplating ways of spending discretionary income allows some families to cover the cost. Others find that, no matter what, they are not able to cover the full expense of tuition. Tuition assistance can bridge the gap between what a family can contribute and the full cost of tuition.
Since Park’s founding in 1912, the school has sought to enroll the most capable and talented students. By supplementing family tuition contributions, our Tuition Assistance Program seeks to make a Park School education affordable for families from a wide range of economic backgrounds.
Our Tuition Assistance Program supports students in Kindergarten through Grade 12. In 2020, over $6.2 million was awarded to 317 students, including 56 new students. Household incomes for students participating in the Tuition Assistance Program range from under $35,000 to over $158,000.
Park School does not offer merit awards; however, we are fortunate to be able to recognize the talents of exceptionally gifted students who demonstrate financial need with the designation of "Malone Scholar."
Park School has been awarded a $2 million endowment grant from the Malone Family Foundation. In addition to our regular tuition assistance funds, this grant enables Park School to award two additional need-based tuition assistance grants each year to academically talented students entering Grades 7–10. Applicants considered for this honor must be exceptional students who place in the top five percent of their class, demonstrate academic achievement, exemplary citizenship, leadership potential, and financial need. In addition to tuition expenses, the program provides a stipend for educational expenses related to the student's course of study and extracurricular activities at Park.
U. S. citizens applying to Grades 7–10, and eligible for need-based tuition assistance in amounts between 30 percent and 100 percent of tuition, are invited to apply to the Malone Scholar Program. Once selected, students will continue to receive a need-based grant through grade twelve and will retain the designation of Malone Scholar regardless of future tuition assistance needs.
Families interested in applying for the Malone Scholar Program must complete all of the following: the Park School admission application, the tuition assistance application, and the Malone Scholar application. All of these materials are due by December 1. Finalists will be selected and invited for a formal Malone Scholar interview in late January. Those not invited to interview will continue to be considered for Park School’s need-based tuition assistance program.