These forms are generally available by late November and will be mailed to all interested families. Please call the Admission Office if you have not received financial aid forms by mid-December. Although need is the primary basis for financial assistance, a student s academic record and overall potential to contribute to the school community are also considered. The budget for financial aid is limited. Priority is given to returning students and to those who complete the process on time.
All information is kept in the strictest confidence.
Awards are determined in the spring and are for one year only. Parents must repeat the process annually so that the amount of financial need each year may be re-evaluated. The Academy will consider the assets of both parents, if living, and cannot be bound by the assertion that either parent has disclaimed responsibility for educational expenses. Newark Academy s financial aid policy stipulates that grants are made based on a family s ability, rather than willingness, to pay. Each parent must complete the financial aid requirements as outlined above.