Tuition and Financial Aid

Tuition for the 2020-2021 school year is $14,995.

Financial Aid (all 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, 42% of our families receive need-based financial assistance, with awards ranging from $1,000 - $3,500 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, please complete the FACTS online application during Cycle II of the financial aid timeline (see below).

Financial Aid Timeline: Cycle I (Opens September 1, 2020)

Beginning on September 1, 2020, all Class of 2025 families and transfer students may apply for need-based aid via the FACTS online application. If you submit your application before December 20, 2020, your financial aid award notification will be mailed with your daughter's acceptance letter on January 29, 2021.

NEW THIS YEAR - Incarnate Word Academy is introducing a rolling admissions process! Once we receive your IWA application, FACTS application, and transcripts, we can begin the review process. This new process allows us to let you know our provisional acceptance decision in just weeks! All official acceptance letters, financial aid packages, and scholarship award decisions will be sent to your home on January 29, 2021.

Steps to complete Cycle I:

• You will need your 2019 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.

• Click HERE 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 (2021-22) and complete all the steps as prompted.

Additional Resources

For families who need additional flexibility in paying for private education, please click on the following links for additional information:

Sallie Mae's K-12 Family Education Loan

Your Tuition Solution