AHN is committed to distributing our resources equitably by trying to meet the demonstrated financial need of families whose children are offered admission. To enable us to do this, with finite resources available, the following policies and guidelines have been adopted. AHN reviews all applicants on a case-by-case basis. A student's application for admission is not affected by his/her application for financial aid. Priority is given to current families who adhere to the deadlines and have met all financial obligations to the school.
Financial Aid is annual. A family must reapply each year.
We will do all we can to make it possible for students to continue at AHN. We expect a family in this situation to make other adjustments to their family expenditures, in addition to seeking financial aid, to help cover the costs of private education. If a family's financial situation improves greatly the annual grant will be adjusted to reflect the positive gain.
All parents must furnish a copy of their current tax return, including all schedules.
If parents are separated or divorced, all paperwork, including tax documentation, is requested from both parents.
If the non-custodial parent refuses to submit the necessary paperwork to the Financial Aid Office, the application for financial aid will not be processed. If the custodial parent has not heard from the non-custodial parent in a period of time, a letter of verification from a disinterested party (minister, attorney, etc.) will be required. A copy of the divorce decree will be required as well.
If there are stepparents, the Committee will consider all partners' assets and liabilities as we review the student's financial situation.
All parents who own a business/farm will be required to submit a copy of their current business tax return including cash flow statements, balance sheets, and any other information relevant to the business.
All tax documents must be signed. Parents should submit a complete tax return.
All parents must sign a release to allow AHN to obtain a copy of their tax return from the IRS (Form 4506-T).
AHN will not consider ordinary business or rental depreciation or loss in calculating financial need.
In the interest of equity, if one parent elects to stay at home and not seek employment, FACTS will impute a basic income of $20,000 for the non-working parent. An exception is made if the parent is at home caring for a preschool-age child or an elderly parent.
If a parent elects to return to school or to change jobs resulting in a decrease in a family's financial resources, AHN cannot underwrite this family choice with greater financial assistance.
If multiple children attend tuition-charging schools or colleges, it is expected that the family will be applying for Financial Aid at all schools. AHN should not be expected to implicitly subsidize tuition at other schools or colleges.
Families must submit all forms including tax returns by the specified deadlines or the request for Financial Aid will not be processed.
AHN reserves the right to request additional information or withdraw financial assistance from families at any time should discrepancies be discovered in the information provided.
Families who do not qualify for assistance based on the FACTS report and Federal tax forms will receive a notification informing them that they do not qualify for financial assistance.