3 Things to Know About Financial Aid at The Oaks Academy
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When making the decision to choose a private education, one of the first questions that may arise is “Can I afford this school for my child?” With a commitment to diversity that includes families from all socioeconomic backgrounds, we understand how important this part of the school decision process can be for our families. We want you to have all of the information that you need to make the right choice for your child’s education, which is why we’re answering the most common questions about financial aid.
Will I qualify to receive financial aid?
While we believe that part of a family’s commitment to their child’s education includes a financial commitment, we strive to make an Oaks Academy education within reach for families in a variety of situations. Tuition is charged on a sliding scale according to each family’s income and financial situation with tuition assistance supported through various means, including over 1,000 generous donors and programs such as Indiana’s Choice Scholarship Program (also known as a school voucher).
With over 80% of Oaks students receiving some sort of financial assistance, it is very common for a family to receive a financial aid package. We encourage you to use our Financial Aid Calculator to see an estimate of your family’s costs and anticipated aid at The Oaks.
What does the financial aid process look like?
The financial aid process is actually part of the admissions process at The Oaks! Once you have started the application process with our admissions team, you’ll be directed to the FACTS financial aid application to submit your required tax forms and family information. While this separate application is part of the admissions process, it is important to note that your child will be assessed and admitted need-blind.
It is helpful to know that parents of multiple students will only need to fill out one application per family, and the application must be completed each year the student is enrolled at The Oaks. However, it is important to note that financial aid packages are tied to the application process for each student. In order to receive a financial aid package, each student must meet the criteria for admittance and the family must be income eligible.
When will I know what my financial aid package is?
Pending acceptance into The Oaks Academy, financial aid awards accompany your student(s) admissions decision. This decision and financial aid offer is received mid-January for Early Decision applicants and in mid-April for Regular Decision applicants. The application deadline is December 1 for Early Decision and March 1 for Regular Decision. After this, admission offers are made on a rolling basis based on enrollment needs.
If you’re interested in learning more about financial aid or want to get an idea of what your aid package could look like, we encourage you to use our Financial Aid Calculator to get an estimate or connect with us personally to discuss your individual financial situation.
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