The Academy Commitment to Affordability and Access
Aiming to promote and maintain socioeconomic diversity among our student population, Albuquerque Academy demonstrates a strong commitment to need-based financial assistance by providing a sizable share of the school’s budget to fund the financial needs of its students. Tuition only partially covers the total cost of an Academy education. Endowment spending of close to $5,400 annually per student subsidizes tuition to support excellence and breadth throughout the Academy program and facilities. Beyond this subsidy given to all students, the Academy provides approximately twenty-five percent of its students with additional need-based financial assistance.
Albuquerque Academy is fortunate to have one of the largest financial assistance budgets among all independent schools in the United States, awarding over $4.1 million in need-based assistance each year. However, families bear the primary responsibility for financing their children’s education to the extent that they are able. The Academy’s financial assistance program exists to help ensure admitted students with demonstrated need will have the opportunity to attend; however, the budget is limited. As these funds are expended each year, some families who have qualified for assistance unfortunately will not receive it.