2018 - 2019 Tuition: $29,995
Close to half of our students receive tuition assistance
Average of all awards: $14,000
Cost may be as low as $14,940
Monthly payment plans available
Falmouth Academy devotes generous financial aid dollars to make an FA education more affordable for qualified students. While the primary responsibility for educational expenses rests with the family, financial aid can make all the difference. Financial aid is intended to help bridge the gap between what a family can reasonably be expected to contribute and the actual cost of the education provided by Falmouth Academy.
In order to determine a family's eligibility, Falmouth Academy requires all families applying for assistance to complete a School and Student Services (SSS) Parent Financial Statement online. Families submit an application each year that they seek financial support from the school. SSS determines a reasonably expected household contribution and Falmouth Academy determines what percentage of a family’s need the school can meet.
Families failing to submit the required information and documentation by specified deadlines will be considered if funds are available.
PAYMENT PLAN OPTIONS
The entire tuition bill may be paid in a single payment or split into two or ten monthly installments. Payments may be made through the Smart Tuition billing system or directly to Falmouth Academy. If you have specific questions about payment arrangements, please contact the Falmouth Academy Business Office at ext. 225.
TUITION REFUND POLICY
Tuition refund insurance is optional for families paying the tuition fee in full by July 1 prior to the start of the school year. However, families choosing to pay in 2 or 10 monthly payments are required to enroll in the tuition refund insurance plan.
If a student leaves school unexpectedly during a school year, this plan provides substantial assistance to help the family meet its financial obligation to the school (subject to the terms of the policy and the amount insured). To learn more about the plan benefits, please visit tuitionrefundplan.com by AWG Dewar.
FINANCIAL AID POLICIES
For parents who are separated or divorced, Falmouth Academy requires each parent/family to submit a Parent Financial Statement through SSS (including IRS Form 1040, W-2’s).
If the non-custodial parent refuses to submit the necessary information to SSS, the application for financial aid will not be processed. In cases where the non-custodial parent is in no way involved in the upbringing of the student, the requirement of these forms may be waived by the Financial Aid Committee. In this event, the custodial parent is required to submit a letter verifying the family’s situation from a third party, such as an attorney, minister or social worker, or a copy of the divorce settlement pertaining to one parent being exempt from contributing to educational expenses.
All parents who own a business and/or farm are required to furnish a copy of their current business tax return. They may also be asked to furnish cash flow statements, balance sheets, and any other information relevant to the business. Any losses due to property and/or equipment depreciation will not be considered when calculating financial need. We reserve the right to request additional financial information if necessary to determine financial status.
Parents Who Do Not Work
Falmouth Academy assumes that all adult family members will work to contribute to the investment in a Falmouth Academy education. To that end, when the mother or father chooses not to work, and there are no preschool children at home, income equivalent to one current school tuition is added to the calculation of need.
Exceptions may be made if the parents are caring for a disabled or critically ill child, parent, or grandparent. Parents returning to school or changing jobs as a personal choice must realize that a resulting decrease in their family income cannot be underwritten by financial assistance provided by Falmouth Academy.
Multiple Tuition-Charging Schools
If more than one child in a family attends a tuition-charging institution, Falmouth Academy requires that families apply for aid at each of the institutions their children attend. Falmouth Academy cannot subsidize tuition for other tuition-charging schools of any type. It is important to note that TADS computes the total funds available for education, and then divides that amount by the number of children attending tuition-charging schools. Copies of awards (from other institutions, elementary through college) may be requested.
Falmouth Academy’s Financial Aid Committee holds financial information submitted by parents in support of aid applications in strict confidence. All awards are confidential agreements between the recipient family and the school’s Financial Aid Committee. Please understand that similarly, families are asked to maintain confidentiality as well and are expected not to discuss financial aid information with anyone other than the financial aid officer or business manager.