Tuition & Financial Aid
Groves Student and Family Emergency Fund
These challenging times give us new opportunities to understand how we can deliver on our mission to provide transformative learning experiences. While we continue to learn just how capable and creative our students and teachers are, we recognize the enormity of the challenge COVID-19 presents to our current and potential families. Our hope is that finances are not a barrier to an education at Groves in the 2020-2021 school year. Thus, we created a Groves Student and Family Emergency Fund which will offer additional need-based tuition relief to as many families as possible, above traditional financial aid.
As a nonprofit organization, we are seeking the generous support of our donors and anyone in a position to contribute to this cause. If you are in a position to give, please connect with Groves’ Director of Advancement, Lynn Giovannelli, firstname.lastname@example.org All gifts will offer some measure of security to Groves families and will allow our incredible teaching team, the true heroes of Groves, to continue providing a world-class education to the unique and amazing learners we see every day.
Balancing a Quality Education with Affordability
Our school is committed to serving families from a wide range of economic means. Enrolling a bright, talented student body while maintaining very small class sizes is critical to our success in serving the needs of students with learning disabilities and attention disorders.
As a nonprofit educational organization, we strive to keep school costs at Groves Academy manageable. We raise funds each year for scholarships to help meet the needs of families who could not otherwise afford a Groves education.
Tuition at Groves Academy for the 2020–2021 school year is $32,995 for students in Lower School, $33,655 for students in Middle School, and $34,220 for students in Upper School. The tuition fee at Groves Academy includes tuition, books, and testing. An additional technology fee ($350) is required. Optional expenses may include speech-language services, lunch fees, school and class trips and events, and after school activities. Tuition may be paid in either two or ten equal installments.
Financial aid at our school is offered through TADS. Financial aid scholarships are based on financial need. New families can receive up to 65% of their demonstrated financial 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.
This year, Groves will award more than $1.25 million in financial aid.
Estimates of financial aid are processed through TADS only for families who have applied for enrollment, and awards are not finalized until all paperwork is complete. TADS processes each application, evaluates it for financial need, and makes a recommendation to Groves Academy based on the information provided. Financial need and awards are recalculated every year. Families are required to re-apply for financial aid yearly.
Approximately 30% of Groves Academy families receive partial financial aid each year.
Where does the financial aid and 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.
Take Advantage of Tax Deductions and Credits
- A recent change in Federal and State tax law now allows the use of up to $10,000 per year from 529 college savings plans for the payment of tuition to private K-12 schools. Please contact your tax professional for more information.
- Tuition and other educational fees may qualify for deduction or credit on Federal or Minnesota income tax forms. Of course, you should consult your tax advisor, or go to www.irs.gov, for the most up-to-date information.