Tuition & Financial Aid
A Pace Academy education is life-changing. Financing this opportunity is a major investment in your child’s future. We are committed to making the full Pace experience affordable for families.
Each year, Pace awards over $3.4 million in need-based grants to nearly 15% of our students, providing access and opportunity to the brightest and most remarkable young people across metro Atlanta. We know that we are stronger if our community reflects the greater socio-economic diversity of our city and the U.S.
Understandably, families often ask if there is an income above which a family does not qualify for financial aid at Pace. Income is one of a great number of factors considered by the impartial School and Student Service by the National Association of Independent Schools (SSS by NAIS), our financial aid application provider. There is no magic number that determines whether a family will qualify to receive need-based financial aid. Other factors that allow SSS by NAIS and our Financial Aid Committee to determine a family’s financial strength and demonstrated need include but are not limited to: family assets, number of dependents and number of children in tuition-charging institutions.
We are need-blind in our admissions review process, and decisions are made independent of a student’s financial need. Only after an applicant has been deemed qualified for admission does a separate and smaller Financial Aid Committee determine that student’s financial aid grant.Applying for financial aid is the first step in determining a family’s eligibility for assistance. A family’s grant is in place for the year, and families must reapply annually by February 15.
For snapshots of the unique financial situations of families currently receiving financial aid at Pace, please reference the chart below.
Need-based Financial Aid Case Studies*
|Family of 3 (1 Upper Schooler)||Family of 4 (1 Middle Schooler and 1 Upper Schooler)||Family of 5 (1 Lower Schooler, 1 Middle Schooler, and 1 Upper Schooler)|
*based on real financial aid data using 2019-2020 tuition rates
|LOWER SCHOOL||PRE-FIRST THROUGH FIFTH GRADE||$25,800|
|MIDDLE & UPPER SCHOOL||SIXTH THROUGH 12TH GRADE||$29,715|
Tuition costs at Pace include lunch, school accident insurance, science and computer lab fees, school publications and academic extracurricular field trips (with one or two exceptions). In Pre-First through fifth grade, books are included in tuition; in grades six through 12, books are additional. Other items such as school supplies, art and photography fees, and PE uniforms are extra and are purchased separately by the student.
|GRADE LEVEL||FEE||FEE INCLUDES|
|Lower School (Pre-First through fifth grade)||$100-$500*||
|Middle School (sixth through eighth grade)||$1,300-$2,000**||
|Upper School (ninth through 12th grade)||$1,600-$2,500||
*In the Lower School, we offer optional after-school care. The rates are as follows:
|AFTER-SCHOOL CARE PROGRAM||COST|
|Knight Crew until 3 p.m. for Pre-First||$950 (for the year)|
|Knight Crew until 3 p.m. for first grade||$500 (for the year)|
|Knight Crew from 3-6 p.m.||$2,300 (for the year)|
**In the Middle and Upper Schools, students are invited to participate in optional Isdell Center for Global Leadership (ICGL) study tours. The Pace Parents Club's Citizens of the World Travel Grant covers airfare for these trips once in Middle School and once in Upper School; families are asked to contribute the remainder of the cost, which ranges from $2,000 to $3,500 for Middle School students and $1,800 to $3,500 for Upper School students.
Pace Academy administers more than $3.4 million annually in need-based financial aid. A separate application is required. Financial assistance is awarded to qualifying students in Pre-First through 12th grade. Funds for financial aid are made available by generous donors who believe in Pace and our mission to create prepared, confident citizens of the world. Our need-based financial aid includes endowed funds, annual fund support, tax credit, faculty remission and the Pace Access Fund.
Demonstrated need is calculated by the School and Student Service by the National Association of Independent Schools (SSS by NAIS), an impartial service in Princeton, N.J. Once SSS by NAIS makes its determination, Pace makes every effort to meet a family’s total demonstrated need, but is not allowed by the Georgia High School Association (GHSA) or Atlanta Area Association of Independent Schools (AAAIS) to exceed it.
- Beginning Nov. 1, 2019, visit www.solutionsbysss.com/parents to get started on your online financial applications.
- All new and returning families seeking financial assistance for the 2020-2021 school year must apply.
- Families re-apply annually and their grants are adjusted according to their updated information.
If you have applied for financial aid in the past, log in as a returning family. Otherwise, create a new account with your email address and a password.
- Begin a Parents’ Financial Statement (PFS) for the Academic Year 2020-2021. You can log out at any time and return later to complete it.
- In January 2020: Start compiling W2s/1099s and preparing to file your 2019 Tax Return early.
- By February 15, 2020: Finalize your PFS and upload your supporting documentation, including your 2019 Tax Return and W2 or 1099.
- On April 4, 2020: If your child is admitted, you will receive an email communication with your financial aid decision. Between the notification date and response deadline, please communicate directly with the Director of Financial Aid if you have any questions regarding your child’s financial aid grant.
- Respond to your child’s offer of admission by the April 16, 2020, response deadline.
- Do you offer scholarships?
- May I receive a fee waiver for the admissions application?
- May I receive a fee waiver for the financial aid application?
- May I receive a fee waiver for the SSAT?
- How do families apply for financial aid?
- What if my child’s other parent refuses to complete their portion of the financial aid application?
- What are the additional costs associated with attending Pace?
- When and how do we find out about our financial aid decision?
- What if we don’t think we’ll be able to pay what Pace is asking us to pay?
- Do you offer transportation or transportation assistance to Pace?
- What do we need to do to have our child be considered for the Georgia Tax Credit Program?
- What do we need to do to have our child considered for the Pace Access Fund?
- What if I can’t file my tax return by February 15?
- What if my financial situation changes during the school year?
If you plan to apply for financial aid at Pace, we are happy to provide you with a code to reduce our application fee. Please contact the Director of Financial Aid Fé Patriciu for the code. We will follow up with additional details about applying for financial aid once you submit an application for admission.
Families who complete the Parents’ Financial Statement whose responses to key questions meet the criteria for a waiver will automatically be granted a waiver when they try to submit their application. To read more about this please click here: https://www.solutionsbysss.com/fee-waivers/.
We can offer assistance with the SSAT registration fee for families planning to apply for financial aid at Pace. Please send your request along with your child’s name and parent’s email address to Fé Patriciu. SSAT will then email a waiver code for a reduced registration fee.
Families wanting to be considered for financial aid at Pace must also make sure to complete all required parts of the admissions application process by our deadline (February 1 for the application and February 15 for all supplemental materials). In addition, families need to complete the Parents’ Financial Statement through SSS by NAIS and upload their 2019 tax returns and 2019 W2s or 1099s. For separate households, we require a full financial aid application for both parents.
Non-custodial biological parents are required to complete their portion of the financial aid application process in order for a child to be considered for financial aid at Pace. Our financial aid committee must have a full picture of a child’s financial resources in order to consider a child for financial aid at Pace. Aid applications missing this information will be considered incomplete and cannot be processed. Pace Academy is not bound by the assertion that one parent disclaims financial responsibility for the education of his/her child.
Tuition covers lunch, fees, school accident insurance, science and computer lab fees, school publications and academic extracurricular field trips (with one or two exceptions), and books (PF-grade 5). Additional charges and fees, which we refer to as “non-tuition essentials,” are dependent on your child’s activities, grade level and classes. For an estimate of the range of costs for these non-tuition essentials by division see the Tuition and Fees sections above.
There isn’t a separate tax credit application. To receive tax credit funds, a student must first complete the admissions and financial aid application. Students accepted to Pace who either attended a public school in the state of Georgia prior to attending Pace or are transferring from a private school but are zoned for a failing public school, or are applying to Pace in Pre-first or first grade and qualify for need-based financial aid, are considered for the program by the financial aid committee. Students who received tax credit funds from a previous independent school are eligible to continue receiving tax credit funds at Pace.
If you are applying your child to Pre-First and have applied for financial aid, the committee will consider you for the Pace Access Fund. If your Adjusted Gross Income is between $125,000 and $250,000 and your child meets the criteria to be accepted to Pace, your family will be considered and will receive notification on April 4 that your child has been selected as an Access Fund recipient. You will re-apply for financial aid annually and, should your information remain consistent, you can expect to receive around 50% assistance annually.
While our preference is to have each applicant’s completed financial aid application by February 15, we can work with families that have a documented reason for not being able to file early. The few who are not able to file before the tax deadline are asked to complete the Parents’ Financial Statement using estimated financial information and provide alternate information to verify income, tax liability and asset information. The majority of families applying for financial aid are able to file early enough to complete their aid applications by February 15. Please communicate directly with Director of Financial Aid Fé Patriciu if your family anticipates having difficulty filing your federal income taxes by February 15, 2019.
Families who experience a significant change in their financial situation, whether they currently receive financial assistance or not, are asked to reach out to Director of Financial Aid Fé Patriciu. Families can apply for financial aid at any time, and emergency assistance can be provided when unforeseen financial situations occur.