Admissions
Tuition & Financial Aid

Financial Aid

Financial aid at St. Agnes Academy provides financial assistance to students based on the family's demonstrated financial need. Assistance through this program is available to cover the cost of tuition and the freshman laptop purchase. The determination of need is based on a standard application-process that requires all financial aid applicants to submit specific financial data by a specific deadline. This financial information is evaluated by a financial aid committee that determines all awards. For the 2018-2019 school year, approximately 12 percent of the student body received financial aid totaling $1,800,000.

The financial aid budget provides funds for both partial and full tuition assistance. Grants for full tuition are the exception, since the financial aid committee expects to see the parents' willingness to make a commitment, as well as to participate in other aspects of a student's attendance at St. Agnes Academy. The underlying intent of the financial aid program is that no student be deterred by financial reasons from applying to St. Agnes Academy. Parents who anticipate a need for assistance are encouraged to apply for aid on behalf of their child. When financial aid is offered, the financial aid program expects each recipient to make a conscientious effort to demonstrate a positive attitude in all phases of school life.

Financial-aid decisions are made separately from and independently of admission decisions. The admission decision is made in advance of the financial-aid review, and the financial aid committee has no involvement with a candidate's being offered a place at St. Agnes. Every tuition grant is made for one year and may be renewed subject to the parents filing an annual financial statement and the students maintaining the sound academic and high citizenship standards expected of scholarship-holders. Families can usually expect financial aid to be continued throughout the student's enrollment, however the committee may reduce awards or deny subsequent grant requests if the family's financial condition improves. Funds are not reserved for families who do not follow the standard financial-aid application process or who do not meet the stated deadlines.

St. Agnes Academy admits students without regard to race, color or national or ethnic origin in the administration of its admission and educational policies, financial aid programs, employment practices, and other school-administered programs.

If you have any additional questions, you may contact Yen Fite, in the Finance Office, at 713.219.5474.


Frequently Asked Questions

List of 17 frequently asked questions.

  • Q: What is considered a complete application for financial aid?

    The following is required before an application can be considered by the committee:
    1. The applicant has been accepted by the school.
    2. The financial aid application has been completed online and all required tax forms have been received by FAST at the address indicated on your application printout.
  • Q: Who can apply for financial aid?

    Anyone who has submitted an application for admission to St. Agnes Academy may apply. Complete the online application with FAST. If you do not have internet access you can contact Yen Fite in the Finance Department at 713-219-5474 and schedule an appointment to come to St. Agnes Academy to complete the application online.
  • Q: How is financial aid awarded?

    Based on the information supplied by the family, the FAST service provides the school with a report that gives the financial aid committee a general assessment of a family's ability to pay for educational costs. The report is used as a guideline for awarding grants.
  • Q: Are there any income limits when applying for financial aid?

    No. Each family’s unique financial situation is considered when assessing need.
  • Q: What is the deadline for applying for financial aid?

    The financial aid application must be completed online and complete copies of the 2017 tax returns mailed to FAST by February 15, 2019. Applications received after February 15, 2019 will be considered only if remaining funds are still available.
  • Q: Do I have to apply for financial aid before I know my child has been admitted?

    Yes. If you do not complete an online FAST application by the February 15 deadline, your chance of receiving financial assistance may be significantly reduced. Funds are limited; therefore it is important that all deadlines are met.
  • Q: When will I receive the final decision on the financial aid award?

    All students will be notified of financial aid awards March 8, 2019. Letters will be mailed via U.S. mail on that date.
  • Q: How does my application affect the admissions process?

    St. Agnes Academy does not use financial need as a consideration in determining a student's eligibility for admission; therefore, your application for financial aid has no impact on the admission process. Financial aid decisions are made separately from and independently of admission decisions. The admission decision is made in advance of the financial aid review, and the financial aid committee has no involvement with a candidate being offered a place at St. Agnes Academy.
  • Q: Are there financial aid awards for registration fees, summer school, books, uniforms and other costs?

    The financial aid committee will award grants for tuition and the required laptop computer only. Occasionally used books and uniforms may be available in limited quantities in May 2019. Please direct questions to Yen Fite at (713) 219-5474.
  • Q: Do I have to repay the grant?

    This financial assistance is an outright grant and does not have to be paid back.
  • Q: I do not have my 2017 Federal Income Tax return available because I have filed for an extension. Will my application still be accepted?

    We ask that each family applying for assistance provide their 2017 Federal Income Tax return unless you have filed for an extension. If you have filed for an extension, you must send FAST a copy of the extension request, a copy of your 2016 Federal Income Tax return, and copies of your 2017 W-2's.
  • Q: Is financial aid automatically renewed each year?

    No. St. Agnes Academy requires families to reapply for financial aid each year. There is no automatic renewal of financial aid.
  • Q: What if I do not have a credit card to pay the online fee or I cannot afford to pay the online fee?

    The non-refundable fee for the application is $45 with a MasterCard, Visa, or American Express. If you do not have a credit card, or cannot budget the fee, please call Yen Fite at (713) 219-5474. FAST notifies parents of the fee on the instructions page of the application and also in a payment confirmation email, which states the fee is $45, non-refundable, and charged as Independent School Management.
  • Q: How do I fill out the application if I am a divorced, separated, or single parent?

    If the dependents you list in the application will live primarily with you, then you should complete the application based on your income and household expenses. If you have remarried, you will need to complete the application and include information about the stepparent's income, expenses, assets, and debt. The non-custodial parent or joint custody parent must also complete an online application. The financial aid committee will use information from both parties in its assessment of financial need.
  • Q: Who should I list as a dependent?

    You should include all dependents currently living with you or for whom you are providing support. This includes older children attending college or any other relatives who are currently living with you that you provide support.
  • Q: Why am I sending my application to FAST?

    St. Agnes Academy has contracted with FAST to process the financial aid applications and provide an objective evaluation of each family’s financial need.
  • Q: Is my personal financial information shared with anyone in any way?

    All information is held strictly confidential and is not shared or disseminated in any way with organizations or outside individuals. Only the St. Agnes Academy financial aid committee will review your application. Financial aid recipients are not identified at the School except as necessary to provide additional support.

Financial Aid Application Process

Online Financial Aid applications can begin in early November 2018 and must be completed by February 15, 2019.
  • Complete the online application with the Independent School Management's FAST (Financial Aid for School Tuition) program. The application fee due upon completion of the online application is $45.00.
  • A complete copy of your 2017 federal tax return filed with the IRS including copies of W-2 forms and all attachments mailed to FAST. Please include St. Agnes Academy on your envelope when you send your tax forms to FAST. When you complete your application, you will get a barcode printout that must accompany your tax documents to FAST. You may, if necessary, also attach a letter to the financial aid committee explaining unusual circumstances regarding your financial situation. The tax return copies and all attachments are mailed to the following address:
FAST Processing
ISM
1316 North Union St
Wilmington, DE 19806-2594

  • If you are separated, divorced or have never been married, each parent must separately complete the online application and provide a copy of the required tax return and attachments.
 
FAST is an independent third party that handles all aspects of the financial aid application and verification process. All financial aid monies are awarded by St. Agnes Academy based on the information filed with your online FAST application. FAST does not award any financial aid or decide whether financial assistance will be given; rather FAST provides a need-based financial aid analysis service to St. Agnes Academy which includes a recommendation of what a family should reasonably contribute toward tuition.