The financial aid program at Fayetteville Academy has been established in an effort to ensure that no qualified applicant is denied admission as a result of financial need and that no current student is compelled to withdraw for financial reasons. In an attempt to make the program equitable, certain procedures and guidelines have been adopted and are in place. Financial aid awards are based on financial need. Decisions on financial aid awards are made by the school’s Financial Aid Committee. We are committed to making this educational opportunity available to a wide range of socio-economic backgrounds.
All applicants for financial aid must be eligible for enrollment at Fayetteville Academy. Although the school will try to assist those students who qualify for need-based aid, the school also feels that each family should make an appropriate financial contribution to the cost of the child's education. Funds in the school's need-based financial aid budget are not used to provide scholarships for special talents or achievements. The ability of the family to pay full tuition will not be a deciding factor in determining whether or not a prospective student is admitted. Financial aid decisions are made independently of admissions decisions. New applicants must successfully complete the admissions process and be offered an enrollment space before applying for financial aid.
School and Student Services (SSS) collects and evaluates financial aid application data for Fayetteville Academy. To begin the financial aid process, the parent or legal guardian must have an online account with SSS. In creating the account, you will need Fayetteville Academy's school code number (3134). Please submit all required information directly to SSS during the application process.
Money for the financial aid program is funded through general funds from the annual operating budget. Financial aid is awarded to applicants on a first-come first-served basis with a finite amount of funds. Therefore, the school may not be able to meet the financial needs of some families. Completing the financial aid process as quickly as possible is recommended.
SSS will require a copy of the previous year's filed tax return as well as W-2s and and related tax schedules. Any questions about this process should be directed to email@example.com.
- The maximum amount of aid that can be awarded is 50% of tuition. If there is a minimum amount of aid (up to the 50%) required, please email the Business Office (firstname.lastname@example.org) with this information including any special circumstances.
- All academic and other pertinent information applicable to the candidate must be on file prior to consideration for any financial aid.
- Financial aid will be awarded for the current academic year only if all past debts or charges have been paid by June 30. An award of financial aid for any year does not guarantee an enrollment opportunity or an award of financial aid for any subsequent year.
- After evaluation, the Head of School will advise the parent in writing of any financial aid that may be awarded.
- Financial aid will be awarded in installments, prorated by the student's payment plan.
- Financial aid may be discontinued at any time based upon scholastic or other valid reasons as determined by the Head of School and the Financial Aid committee. Examples of reasons to discontinue financial aid include; academic probation, social probation, honor code violations, lack of parental support for school's policies and procedures.
- In the event a family determines the amount of financial aid awarded is not the amount of assistance that the family requested or is not sufficient to send their child to Fayetteville Academy, they may decline the financial aid offer and be released from their enrollment contact in order to withdraw/disenroll.
- If an enrolled student withdraws during the school year, the financial aid awarded is prorated for the time attended. In addition, if the awarded student does not attend school for any portion of the school year, the grant will be withdrawn.
Tuition Reimbursement Program (TRP)
Tuition Reimbursement Program (TRP) is a tuition insurance product that will pay Fayetteville Academy up to half of remaining tuition owed if a student withdraws for any reason. TRP is required for all new families and optional for returning families. Tuition Reimbursement is calculated at 3.6% of tuition (excluding fees) and is collected in the first tuition payment.
Student Accident Insurance
This supplemental insurance plan provides reimbursement for medical expenses resulting from a student accident that are not covered under the student's primary insurance policy. The cost of this policy is $40 and is collected in the first tuition payment.
Admissions Referral Program
- Friends of Fayetteville Academy, except the enrolling student's immediate family (parents, grandparents, aunts/uncles, siblings, etc.), can be granted referral awards for the referral of new students enrolling for the year in grades 1-12 only.
- No referral award will be given for an enrolling student who has previously been enrolled at Fayetteville Academy or who has a sibling who is currently or has previously been enrolled at Fayetteville Academy.
- For families enrolling multiple students during their initial enrollment at Fayetteville Academy, a referral can be awarded for each student enrolling at that time.
- During the enrollment process, the enrolling parent must provide the name of the person who referred them to Fayetteville Academy.
- For each referred student who enrolls, the referring person (family) will receive a direct payment in the amount of $500.
- There is no limit to the number of referral awards that a family may receive.
- The referral award will be earned and distributed after the referred student completes their first semester at Fayetteville Academy.
Given that circumstances can vary for each particular enrollment situation, final determination of any referral to be paid will be at the sole discretion of the Head of School.