Tuition Assistance FAQs
What is tuition assistance?
Tuition assistance is not intended to subsidize a family who has intentionally chosen a lifestyle that decreases their overall financial capacity and ability to pay tuition expenses.
These lifestyle choices include:
- Parent pursuit of an advanced degree or business start-up
- Voluntary unemployment or underemployment of a parent
- Retirement before age 65
- Expenses associated with a luxury lifestyle, such as a second home or expensive vacations
The decision to enroll your child at Albuquerque Academy may require you to reframe your priorities and expectations and adjust how you spend your discretionary income on a year-to-year basis.
What costs does tuition assistance cover? What does it not cover?
- Required course materials and textbooks purchased from our bookstore
- Some or all of the cost of some school trips
- A calculator
- Some or all of the cost of a laptop for students in grades 8-12
Assistance does not cover
- Dues for the parent association
- Tuition refund insurance annual premium
- Student accident insurance annual premium (required if your child has no health insurance coverage)
- Incidentals and supplies needed for class and extracurricular activities
The dollar amount of items not covered will vary from year to year and can be expected to range between $250 and $350 annually.
How is tuition assistance eligibility determined?
- Income representing all parents, legal guardians, step-parents, and/or partners
- Assets such as home equity, bank and investment accounts, business assets
- Expenses, loans, debts, tax liabilities, and other financial obligations
- Profit and loss statements for self-employment or privately held business interests
- Household size
- Number of children in tuition-charging schools
The family contribution, any extenuating circumstances of the family, and Albuquerque Academy’s tuition-assistance policies are all considered to determine eligibility and propose an assistance award amount for each student.
How is tuition assistance awarded?
If a student is selected for assistance, it is our goal to award 100% of the amount for which the student qualifies.
What is the average income of a family that qualifies for assistance?
What happens in cases of divorced, separated, or never-married parents, and blended families?
If extenuating circumstances exist, the custodial parent may request that the requirement for the tuition assistance application and required tax documents from the child’s second, non-custodial parent be set aside or waived.
We understand that issues with non-custodial parents/guardians can be complicated. Please contact Tuition Assistance Officer Emily Kienzle for more information about the Non-Custodial Parent Waiver Application.
Must both parents be fully employed to receive tuition assistance?
Are there special instructions for families who have multiple children applying for assistance?
What are the possible outcomes for assistance applications?
- Tuition Assistance Awarded: Your child has been selected to receive a grant.
- Tuition Assistance Waiting List: No grant is awarded at the time of notification even though your family qualified for assistance. Your child may be granted an award later in the spring or summer if funds become available.
- Does Not Qualify: No grant is awarded. Your family’s expected financial contribution was enough to cover the full cost of tuition.
- Incomplete Application: No grant is awarded. Your family’s application was not submitted or was missing required documents. To avoid this result, check email frequently and comply with all requirements and requests.
When will we know if we received a grant?
If we receive tuition assistance, will my child receive a similar grant in future years?
Must I reapply for tuition assistance each year?
Is tuition assistance available to current students who have not previously received assistance?
What should I do if my financial situation changes?
Who sees our family’s tuition assistance application and required documents?
If you have a question that was not answered here, please contact:
Tuition Assistance Officer
email@example.com or (505) 828-3352
Albuquerque Academy is an equal opportunity environment. It is our policy not to discriminate and to comply with all applicable state and federal laws prohibiting discrimination in our admission and education policies, financial assistance programs, athletic programs, or other administered activities based on race, color, sex, sexual orientation, gender identity, gender expression, creed, religion, national origin, ethnicity, disability, or other applicable protected classification.