Tuition and Financial Aid
Tuition
Tuition for the 2017-2018 school year is $13,545.

Financial Aid (incoming families)

We are aware that there are people who cannot afford to attend Incarnate Word Academy without some form of financial assistance. The President, Board of Trustees and Chief Financial Officer are committed to making an Incarnate Word Academy education available to as many families as possible. Currently, 44% of our families receive need-based financial assistance, with awards ranging from $1,000 - $3,000 per year. In addition to financial aid awards, Incarnate Word Academy also offers many merit-based scholarships (see scholarship information on preceding pages). Need-based financial aid awards are additional to any scholarship(s) your daughter may receive.

In order to determine a family’s financial need, Incarnate Word Academy partners with FACTS Grant & Aid Assessment - an independent, third-party company.  The FACTS online application is designed to give you the opportunity detail your family’s income, expenses and other relevant information that may have an impact on your ability to afford an IWA education. Based on the information you provide in your FACTS online application, Incarnate Word Academy can make informed decisions about need-based aid.

Financial aid awards include a ‘work study’ component. This student worker program allows students to work in exchange for part of their tuition in the summer or throughout the school year. If you wish for your daughter to be considered for Incarnate Word Academy financial aid, we strongly encourage you to participate in the first cycle of the financial aid timeline which begins on November 1, 2017. If you complete your FACTS online application during Cycle I (November 1, 2017 – December 22, 2017), your financial aid award notification will be included with your daughter’s acceptance letter.

Click HERE to begin your FACTS Online Application.


Financial Aid Timeline Cycle I (Opens November 1, 2017)

Beginning on November 1, 2017, Class of 2022 (current 8th grade) families may apply for need-based aid via the FACTS online application. If you submit your application before December 22, 2017, your financial aid award notification will be mailed with your daughter’s acceptance letter on February 2, 2018.

 Steps to complete Cycle I:

· You will need your 2016 financial information if you are applying during Cycle I. The following documents may be required: Federal Form 1040, 1040A or 1040EZ Tax Returns; copies of all W-2 Wage and Tax Statements; supporting documentation for household Non-Taxable Income; etc. For details on the supporting documentation needed to complete your FACTS application, please click HERE.  

· Starting on November 1, click on the link above to start your FACTS application. If you have an existing account with FACTS, please enter your existing username and password. If you are new to FACTS, please select “Create Username and Password” to begin.

· Click the “Start Application” button to apply for financial aid.

· Select the appropriate school year (2017-18) and complete all the steps as prompted.

If you submit your complete FACTS online application before December 22, 2017, your financial aid award notification will be included with your daughter’s acceptance letter.


 Sallie Mae’s K-12 Family Education Loan

This is a possibility for families who need additional flexibility in paying for private education. Please click on the link below for additional information. SallieMae.com/K12