Scholarship and Financial Aid

 

FINANCIAL ASSISTANCE

At Alverno Heights Academy, we understand the decision to attend a Catholic, independent school is a significant financial commitment for families. We recognize and applaud a family’s commitment to their daughter’s education and strive to provide qualified students access to an Alverno education. Alverno uses Financial Aid for School Tuition (FAST) to determine a family’s financial eligibility for scholarship and/or financial aid. The cost of a financial aid application to FAST is $41 and it is non-refundable. Alverno does not provide fee waivers.

~ To apply for financial assistance through FAST, click here ~

Alverno is pleased to offer three different financial aid programs to qualified families to help make Alverno a reality for their daughters. These programs are: Need-Based Scholarships Alverno Heights Academy is fortunate to be able to award scholarships through the generous donations of alumnae, foundations, faculty and staff, and friends of Alverno. The majority of Alverno’s scholarships are offered to students who demonstrate financial need and academic promise. Need-based scholarships are awarded to both incoming and current students. To be considered for a scholarship, a student must have achieved the following general requirements: a clear disciplinary record, a 3.0 or higher GPA, and excellent entrance test scores (freshmen applicants only). Additionally, to retain scholarship support while at Alverno, a student’s tuition record must remain current, parent and student service hours must be completed, and family fundraising obligations must be met. Specific requirements for individual scholarships, tuition assistance grants, and awards may be applied. Please note that continuance of scholarship support is contingent upon meeting all requirements as outlined in the Scholarship and Financial Aid Agreement. To be considered for any of these awards, an incoming student must complete the Scholarship Application by Friday, February 3. To complete the process a student’s parents must fill out a FAST Application by Friday, February 3. A copy of your most recent 2016 tax returns and W-2 must be submitted to FAST no later than Friday, February 17. If all of the materials required for the financial aid application are not received by Friday, February 17, including verified information by FAST, Alverno will be unable to consider your family for financial assistance. To be considered for any of these awards, a returning student must complete the Scholarship Application by Friday, March 31. To complete the process a student’s parents must fill out a FAST Application by Friday, March 31. A copy of your most recent 2016 tax returns and W-2 must be submitted to FAST no later than Saturday, April 15. If all of the materials required for the financial aid application are not received by Saturday, April 15, including verified information by FAST, Alverno will be unable to consider your family for financial assistance. Independent School Management ATTN: FAST Processing 1316 North Union Street Wilmington, DE 19806 Merit-Based Scholarships A variety of merit-based scholarships are available at Alverno Heights Academy. These scholarships are funded by foundations and friends of Alverno. Donors define specific criteria for the various named scholarships, and selections are made in consultation with the Scholarship Committee. All scholarship applicants are considered for Alverno’s merit scholarships, based on the following selection criteria: candidate must have a record of academic excellence, excellent HSPT/ISEE exam scores (freshmen applicants only), and a candidate must demonstrate a history of leadership and service to her school, church, and community. Merit-based scholarships are awarded to both incoming and current students with a 3.5 GPA or higher who do not have a demonstrated financial need and have completed the Scholarship Application. These students may need to meet additional criteria set forth by the organization or individual providing the scholarship. Please note that continuance of scholarship support is contingent upon meeting all requirements as outlined in the Scholarship and Financial Aid Agreement. Need-Based Financial Aid At Alverno, every effort is made to extend the financial assistance necessary to allow qualified students the opportunity to attend Alverno. In 2015-2016, the cost of tuition and fees covered only 80% of what it costs to educate a student at Alverno. Thanks to the generosity of foundations and individuals, Alverno was able to provide each student with a “grant” for $3,100 for the 2015-2016 school year. In addition to this “grant,” Alverno is committed to providing financial assistance to a limited number of students. This money comes solely from donor support and Alverno’s own operating budget.
  • All aid is renewable annually as long as students and families continue to meet the criteria.
  • Students receiving aid must maintain an academic GPA above a 2.0 and excellent conduct record.
  • In order to apply for financial assistance, the student’s parents must fill out a FAST application by Friday, March 31, a copy of the Scholarship Application is not required.
  • A copy of your most 2016 recent tax returns and W-2 must be submitted to FAST no later than Saturday, April 15.
  • If all of the materials of the financial aid application are not received by Saturday, April 15, including verified information by FAST, Alverno will be unable to consider your family for financial assistance.
Independent School Management ATTN: FAST Processing 1316 North Union Street Wilmington, DE 19806 Please note that continuance of financial aid is contingent upon meeting all requirements as outlined in the Scholarship and Financial Aid Agreement(below). Financial aid and scholarships are limited and will be awarded only to families who have met all qualifications and fulfill all requirements as outlined in the Scholarship and Financial Aid Agreement

SIBLING DISCOUNT POLICY

Alverno Heights Academy is pleased to be one of the few independent schools to offer families a “Sibling Discount” when they have two or more daughters attending Alverno at the same time. This policy, created by the Board of Trustees in June 2011, supports the concept of Alverno as a family– inclusive and mutually supportive. Provisions:
  • Daughters must attend simultaneously to receive the discount.
  • A discount of 10 percent will be given for the second daughter, a discount of 15 percent of the third daughter, and 20 percent for the fourth daughter.
  • These discounts are renewable if a minimum GPA of 2.0 is maintained.
  • Parents and students will have to complete all family obligations on time.
  • Tuition must be current at all times.
  • Families must be supportive of all school policies.
While Alverno’s  financial aid budget is generous, it is important to note that we are unable to meet the needs of every family who applies. Alverno is need-blind and does not take into consideration a family’s ability to pay when considering an applicant for admission.

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