Annual tuition is $20,150. However, City Academy grants almost $2 million in scholarship support each year providing substantial financial aid to families. The school is reliant on tax-deductible gifts from corporations, foundations, and individual donors throughout the community. All families and school staff are asked to support the school’s fundraising initiatives. Charitable gifts help ensure that City Academy’s tuition remains affordable. The average family contribution to tuition is $3,500.
Payment of Tuition:
- Tuition payments are made monthly, June through March.
- All payments are done through automatic withdrawal through the FACTS Tuition Program. Families are responsible for ensuring their account remains in good standing.
- Tuition account balances may not be carried from year to year.
Financial Aid:
All qualified students have an opportunity to attend City Academy, and all families are expected to pay tuition. However, income is not a determining factor for admission and families are encouraged to apply for financial aid.
Each family bears the primary responsibility for financing their child's education to the extent they are able. For those families who cannot afford to pay full tuition, we offer financial aid based on demonstrated need. We are dedicated to keeping costs within reach for those families who desire to afford a quality education for their children.
What is the Parents' Financial Statement (PFS) used for?
The PFS is used to assist in determining a family’s financial aid package.
What information do I need to have available?
Financial aid is based on demonstrated financial need. To be able to determine how much financial assistance a family needs and how much a family can contribute, City Academy must know:
Income tax and W-2 forms (These forms MUST be included for consideration.)
Family size
Income from all sources
Savings, investments and other assets (including home equity)
Children's assets
Indebtedness
Medical, dental and unusual expenses
Each family must submit a copy of their most recent federal tax return to verify that the information used on the applications is true and accurate. In certain cases, additional documentation may be requested. For more information about Financial Aid, click here: Financial Aid Process
Where do I start?
- Complete the PFS and submit it along with your most recent income tax 1040 form and W-2 information to City Academy. Download a copy here: Financial Aid Form
- City Academy's Financial Aid Committee will determine your family's Estimated Family Contribution (EFC). The EFC is then subtracted from the stated tuition to obtain your family's aid eligibility.
What is a financial aid package? A financial aid package consists of one or more ways that the school meets all or a portion of a family's demonstrated financial need.