Need-based Tuition Assistance is available to families who qualify. This year, 12% of Academy families are receiving some amount of aid. Because the Academy operates within a Tuition Assistance budget, funds are allocated in the order in which applications are completed and all requested documentation is submitted. Application files are reviewed only after a student is accepted.
All information submitted is treated confidentially and is used solely to arrive at a fair determination of financial need. Need is defined as the difference between the tuition cost of attending the Academy and a family’s calculated ability to pay. Aid does not apply to any additional expenses.
Tuition assistance awards are made on the assumption that the family is allocating the maximum amount of resources to the educational costs of the children, after meeting necessary expenses. Therefore, the Academy expects the funding of educational costs to be the top priority in the use of discretionary income.
If a family’s circumstances change after submitting their tuition assistance application, contact the Business Office to submit new information. Do not submit an additional application form. Our Tuition Assistance Review Committee will consider the new information and adjustments will be made based on revised need and our remaining aid resources.
The Application Process
Again this year, the Academy of the Sacred Heart will be making use of FACTS Grant & Aid Assessment to help us evaluate requests for aid. To complete an application online, you may go to https://www.factstuitionaid.com/facts/gaindex
If you would like more information about the company, feel free to visit their web site at www.factsmgt.com. FACTS works with nearly 5,000 educational institutions and over a million families each year, helping them achieve their goals. They have been in business since 1986 and specialize in working with schools like ours.
www.factsmgt.com * 800.624.7092 * info@factsmgt.com
Please be aware that:
• Advance written request to be considered for aid is not required.
• Tax documentation for 2011 is required and is sent directly to FACTS.
• It is an easy online application process.
• There is a low application fee.
Application Deadline
In order to be notified of the results of your application before the 2012–2013 re-enrollment contract is due and to ensure that you receive the maximum aid for which you qualify, the application deadline is February 15, 2012. This includes the submission of your 2011 tax returns and W-2 forms. While late applications may be reviewed, the aid received will be dependent on the availability of remaining funds.
For further information, please call the Business Office at 636-946-4517.
