All awards are taxable to the student. Donations are made to the Annual Fund by alumni, individuals and foundations who support the Albert philosophy and wish to provide the opportunity for talented and deserving students to attend the school. Bursaries are awarded by the school and carry no obligation of repayment, although it is hoped that beneficiaries will, in the future, become donors to the Annual Fund. Some bursaries carry a citation recognizing the various individual attributes which will contribute to a well-rounded student population. Bursaries are renewable each year, provided the recipient maintains good academic and social standing.
All bursaries are taxable to the student.
Renewal applications for students currently receiving financial assistance must be completed annually and submitted to Apple Financial Services for review by April 6, 2001. Applications for new families will be accepted and considered after this date. The Parents' Financial Statement and the FACS needs analysis are reviewed by the Albert Financial Aid Committee. The school's financial assistance budget does not meet the needs of all the applicants. The Financial Aid Committee does its best to distribute awards as broadly as possible to the most deserving students.