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Tuition and Financial Aid

Junior Kindergarten through Third Grade:

Fourth through Eighth Grade:

Tuition

$15,995

$16,545

Student Consumables and Academic Supplies Fee

$150

$150

Parent Civic and Student Civic Organization Fee

$100

$100

Technology Fee

$100

$100

Leadership and Retreat Fee (Grades 4th-8th)

$0

$200

Deposit (Applied to Fees, Remaining Towards Tuition Balance)

$2,000

$2,000


Once accepted, you will have two weeks from the date on the acceptance letter to place a non-refundable deposit of $2,000, along with your signed Enrollment Contract, to hold your child’s position in the class.

*Before and after care is also available for an additional fee. Before care begins at 7:30 AM, and after care runs until 5:45 PM. For more information, click here.

Billing Procedures

The $2,000 non-refundable tuition deposit is first applied to the additional fees. The remaining amount will then be subtracted from the annual tuition. There are three options available for paying for the remaining tuition balance.

Annual Payment Option:

Tuition paid annually is due on June 1st. There is a 1% discount applied to the total tuition amount for this option. Payments accepted via EFT draft and credit card (for a processing fee). All payments go through FACTS tuition management.

Biannual Payment Option

Tuition paid biannually with 50% due on or before June 1st, and 50% due on or before November 1st. Payments accepted via EFT draft and credit card (for processing fee). All payments go through FACTS tuition management.

Monthly Payment Option:

A twelve month payment plan is also available. Payment will be drawn on the first business day of the month starting in July. Payments accepted via EFT draft and credit card (for a processing fee). All payments go through FACTS tuition management.

Refunds

Aspen Academy regrets that we are unable to grant deposit refunds.

Contact us with your admissions questions at the following email address: admissions@aspenacademy.org.

Financial Aid
2016-2017 Processing Year; 2017-2018 Academic Year

Financial aid at Aspen Academy is awarded on the basis of demonstrated need. This is determined by factors such as income, number of children, age of parents, unusual medical expenses, taxes, assets, liabilities, and other tuition-based schools. Financial aid is treated as a gift from the school to the receiving family; there are no repayment requirements. Applying for financial aid does not affect the chances for admission. Financial Aid is offered to students in Kindergarten-8th grade.

How Is My Need Determined?


Aspen Academy utilizes the online service of Financial Aid for School Tuition (FAST) to process applications. FAST is the standard submission format for all applications. FAST does not decide whether financial assistance will be given or how much to give; rather, FAST provides a need-based financial aid analysis service that includes a recommendation of what a family should reasonably contribute towards tuition. FAST takes into consideration several financial factors including income, debt, assets, the number of family members who attend a tuition-based school, etc.

All information from FAST is kept confidential. Results are reviewed by the Financial Aid Committee, which makes award determinations based on next year's financial aid budget. Keep in mind that the recommendations from FAST serve as guidelines for financial aid decisions. Many new and returning students qualify for financial aid, therefore Aspen Academy may not be able to offer assistance to all families, nor can it provide the full demonstrated need in all cases.

APPLY FOR FINANCIAL AID

    • The application process is self-guided and managed by FAST. You may navigate in and out of the program; this allows you to partially complete an application and go back to it another time. The help desk is available by email or phone 24/7.
    • The application fee is $38.00 and will be paid by credit card at the end of the session. Contact the Admissions Office if you experience hardship or do not have a credit card.
    • After completing the application, you will be required to mail your 2016 tax returns for both state and federal taxes with all schedules and W-2's by:
      • February 6th, 2016 - Returning Families
      • February 10th, 2017 - New Families
    • Please mail your 2016 tax returns to the following address:

FAST Processing
ISM
1316 North Union St.
Wilmington, DE 19806

    • Include Aspen Academy on the outside of the envelope to ensure faster processing of your application
    • Make your tax appointment early to avoid delays. Your 2017 tax returns are due May 11th, 2018.
    • Applications for Financial Aid must be submitted by:
        • February 5th, 2018 - Deadline for Returning Families
        • February 9th, 2018- Deadline for New Families
        • Financial Aid Notification:
          • Returning Family Notifications will be distributed February 16th, 2018
          • New Family Notifications will be mailed with acceptance letters

Financial aid amounts vary, with a maximum award of 50%. Financial aid awards are not guaranteed to remain the same year to year; in fact, they will change as financial circumstances change. A new financial aid application must be submitted every year. The student must remain in good academic and disciplinary standing in order to qualify for financial aid.

For further information regarding Aspen Academy's financial aid progress, contact our admissions or business office at 303-346-3500. For assistance with the FAST application process, call the help line at 877-326-FAST (3278). You may also download the Parent User Guide (PUG) or the FAST application from our website.

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