Financial Aid packages WILL ONLY be mailed to families that have APPLIED to Montgomery Academy. For more information contact the Admissions Office at 272-8210
- I really want the quality of an Academy education for my children, but my family cannot afford the full cost of tuition. Is there a financial aid program?
- How do I apply for financial aid?
- How does the Academy notify me of its financial aid decision?
The Academy has an endowment given by alumni, parents, and friends specifically for financial aid. Financial need is the sole criterion for granting aid. Deliberations of the Financial Aid Committee are strictly confidential. The child's admission process is separated from the financial aid evaluation so that the child is guaranteed consideration on his or her own merits, not on the family's ability to pay tuition.
Prior to applying for financial aid, the applicant must be either an enrolled student or an applicant whose application forms and fees have been submitted to the Admissions Office. The steps in the financial aid application procedure are:
- Email a request for a financial aid application to Susannah Cleveland. The application package will be mailed in January 2016 or after, depending on the date of the request.
- Complete the Academy's Application for Financial Aid, which includes a School and Student Service (SSS) financial aid application, and return to The Montgomery Academy’s Admissions Office.
- Submit to the Academy a copy of the family's federal income tax return (1040), including all schedules and W-2s from the year prior to the child's entering year.
- If the family owns a business or a farm, an additional SSS Business/Farm Statement must be completed and submitted with the tax return to the Academy.
- If the parents are divorced or separated, the noncustodial parent should also complete an application.
A report from SSS is sent to the Academy as soon as the application is processed, typically within four to six weeks. The Academy's Financial Aid Committee evaluates the SSS report and the tax return and reaches a decision based on the financial status and the amount available in the financial aid fund. A reply is mailed to the family as soon as the committee reaches a decision. Although an admission decision may be received before the financial aid decision, the enrollment contract and refundable deposit must be submitted by the designated date. The enrollment contract is not binding until a financial aid decision is finalized.