To make the remarkable education and character-building in a child’s most formative years equitably accessible, The Grosse Pointe Academy offers a number of financial assistance options to help parents invest in their child’s future.
The Grosse Pointe Academy offers two payment plans to manage the cost of tuition.
One-Installment Payment Plan
Parents may pay full tuition minus the cost of the deposit in one payment by August 1 prior to the start of the school year. Families may transfer to the FACTS tuition management program at any time.
Multiple-Installment Payment Plan
A multiple-installment payment plan fits many parents’ budgetary needs; this popular option is administered by the FACTS tuition management program. FACTS lets families spread out their tuition payments over the course of the school year and allows the flexibility to pay through a bank account or credit card.
Multiple-installment payment schedules for 2017-2018:
- Monthly payments – July through April
- Semester payments – July and January
Grades 1-8 Multiple Student Discount
The Grosse Pointe Academy offers a 5% tuition discount for a family’s second – and any subsequent – child enrolled after their first and oldest child is enrolled at full tuition. Students in the Early School are not eligible for the multiple student discount. Payment for the first child does include any scholarship or need-based tuition assistance provided.
Grades 1-8 Need-Based Tuition Assistance Program
The Grosse Pointe Academy values both socioeconomic and cultural diversity to support of a strong and diverse student body. The need-based Tuition Assistance Program continues the Academy’s mission to increase both accessibility and affordability.
Families who are interested in obtaining need-based financial aid must submit a secure, online application, including tax returns, through the FACTS Grant and Aid Assessment. The Financial Aid Committee will review the family’s application to determine whether or not a family qualifies for tuition assistance. Students in the Early School are not eligible for tuition assistance.
Early School Tuition Tax Advantages
The Early School is licensed as a day care facility. The cost of tuition and Aftercare expense (excluding kindergarten) should be included in the calculation of the Child and Dependent Care tax credit. Families with children in this age group are advised to consult a tax preparer for more information.
Families who have Flexible Spending Accounts (FSAs) through their employer may be able to use pre-tax dollars to pay tuition and after-school care expenses; parents should consult their benefits administrator for specific advice.
Your Tuition Solutions
Your Tuition Solutions is a financing option that offers convenient payment plans that cover a student’s entire education from kindergarten through 12th grade.
Interested families can apply for this program through the FACTS online submission portal.
- February 10, 2018 – Deadline for receipt of verified online application for Tuition Assistance through the FACTS Grant and Aid Assessment
- March 2, 2018 – Financial assistance decision letters are sent to families whose Tuition Assistance files are complete. Awards that have been offered and not accepted by March 17, 2018 will be redistributed.
- March 10, 2018 – Re-enrollment contracts and non-refundable deposit are due for families not applying for financial assistance.
- March 17, 2018 – Re-enrollment contracts, financial assistance award letter, and non-refundable deposit are due for families applying for financial aid.
We expect to fully expend all tuition assistance resources every school year, making it critical for applicants to meet all deadlines.
Frequently Asked Questions
How do I apply for tuition assistance?
Complete the FACTS financial application online by February 10, 2018 for priority tuition assistance.
What is the timing of decisions?
Completed files are reviewed beginning in February, and tuition assistance awards are disseminated to families in early March. Late applicants’ files are reviewed as they are received, if funds remain available.
Will my child receive assistance in subsequent years?
A family must reapply for tuition assistance each year. All awards are reviewed annually and will reflect changes in the financial needs of the individual family and the relative need of all families requesting aid.
How is tuition assistance determined?
The Financial Aid Committee reviews all applications utilizing the results provided by the FACTS Grant and Aid Assessment. The FACTS recommendation of what a family should reasonably contribute toward tuition serves as the basis of the committee’s determination of the amount to be awarded. Limited tuition assistance resources may make it difficult for the committee to grant all aid requests. In such an event, a tuition assistance wait list will be created.
Tuition assistance is given first to currently enrolled tuition-assisted students, then to currently enrolled students demonstrating financial need for the first time, and, finally, to newly accepted applicants applying for tuition assistance. Awards typically range from several hundred dollars to about 75% of full tuition. Full awards are not offered, as parents are expected to contribute at least a small amount in support of their child’s education.