Financial Aid/Scholarship FAQs
How do I apply for financial aid and how are the awards determined?
Financial aid at Groves Academy is offered through TADS. Financial aid awards at Groves Academy cover a portion of demonstrated need — the calculated difference between the amount a family can be expected to contribute to the cost of the student's education and the cost of annual tuition and fees.
Financial aid applications are processed only for families who have applied for enrollment. TADS processes each application, evaluates it for financial need, and makes a recommendation to Groves Academy based on the information provided.
What is Groves Academy's financial aid philosophy?
The purpose of the financial aid/scholarship program at Groves Academy is to provide partial support for students who could benefit from a Groves Academy education but could not otherwise afford access to the school. In order to provide financial aid to as many families as possible, we are able to fund only 60-70% of demonstrated need.
Affording a Groves Academy education does require planning, and most families employ several strategies to keep the costs within reach. In this planning, it is important to realize that the family bears the primary responsibility for financing a child's education to the extent that it is able.
How many students receive financial aid?
Approximately 30% of Groves Academy students receive a partial scholarship each year.
Will applying for financial aid affect my child's chances for admission?
No. Admission decisions are made independently of financial aid decisions. Groves Academy's financial aid program is administered by TADS.
Will we receive financial aid every year we are enrolled at Groves Academy?
Financial need and awards are recalculated every year. Families are required to re-apply for financial aid yearly.
If there is little change in a family's circumstances, one can expect that scholarships will be renewed at a similar level, while knowing that tuition increases may be shared between the family and Groves Academy. Should your need increase or decrease significantly, TADS will re-evaluate your financial award.
We don't know if our family will qualify for financial aid. Should we still apply?
Yes. We encourage every family in need of financial assistance to apply. A number of factors are used to determine financial need, so it is impossible to specify income levels or other criteria that would guarantee a student receive financial aid.
Income, assets, taxes, family size, unusual expenses, and the number of family members in tuition-paying schools are just some of the factors used in the equation to determine financial need. There are many factors that affect award decisions, but Groves Academy is committed to meeting the needs of a broad spectrum of families.
Where does the Financial Aid/Scholarship money come from?
The Groves Academy Advancement department raises funds on an annual basis to support the Scholarship Fund. Fundraising activities include mailings, sponsorships, events and more. To find out more information or to get involved please contact the Advancement staff.
Please contact Brenda Galoff, at firstname.lastname@example.org or 952.915.4261.