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.
For this reason, Alverno is pleased to introduce our Variable Tuition program. Variable Tuition is a need-based tuition assistance program similar to those used by many private schools, colleges, and universities. This program allows families to apply for reduced tuition that is right for their families’ financial situation. Thus, this makes an Alverno Heights Academy education affordable to many qualified students who could not otherwise join our school community.
Alverno uses Financial Aid for School Tuition (FAST) to determine a family’s financial eligibility for this program. The cost of a financial aid application to FAST is $45 and it is non-refundable. As FAST is an outside service independent of Alverno Heights Academy, we are unable to provide fee waivers.
Alverno is pleased to offer the following programs within Variable Tuition to qualified families to help make Alverno a reality for their daughters. These programs are:
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 Question on the application by Monday, February 1. To complete the process a student’s parents must fill out a FAST Application by Monday, February 1. A copy of your 2019 tax returns and most recent W-2 must be submitted to FAST (2020 taxes are preferred) no later than Monday, February 15. If all of the materials required for the financial aid application are not received by Monday, February 15, including verified information by FAST, Alverno will be unable to consider your family for financial assistance. Please note that awards will not be finalized without 2020 taxes and W-2’s.
Information for returning students: To complete the process a student’s parents must fill out a FAST Application by Monday, March 15. A copy of your 2019 tax returns and most recent W-2 must be submitted to FAST (2020 taxes are preferred) no later than Monday, March 15. If all of the materials required for the financial aid application are not received by Monday, March 15, including verified information by FAST, Alverno will be unable to consider your family for financial assistance for the 2021-2022 school year. Please note that awards will not be finalized without 2020 taxes and W-2’s.
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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 and 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 2020-2021, the cost of tuition and fees will cover only 79% of what it costs to educate a student at Alverno. Thanks to the generosity of foundations and individuals, Alverno will provide each student with a “grant” for $5,750 for the 2020-2021 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.
UPPER SCHOOL 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.
- 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.
Alverno will also extend the “Sibling Discount” policy to families with a daughter enrolled at the upper school and another child enrolled at the lower school. The discount will be applied towards the tuition of the daughter at the upper school. It will be a total of 10% of the published tuition.
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.