Financial Aid
Financing an Academy of the Holy Names education is
an investment in your child's bright future.
An Academy of the Holy Names education is an investment in your child's future. AHN welcomes inquiries from current and prospective families about our financial aid program. We strive to partner with families to make sure that an Academy education is accessible to all qualified students. We seek students poised to become educated leaders who are independent, ethically responsible and prepared to meet the challenges of society with confidence, regardless of their financial status.
The Academy understands that affordability is a major consideration for parents, and both the Admissions Office and the Business Office are here to serve as a resource. Academy admissions decisions on new students are not affected by financial considerations. We encourage families of limited means to apply for financial aid. Admissions and financial-aid processes are independent of each other. Academy of the Holy Names uses a FHSAA-approved outside financial aid service company, FACTS, to assist in collecting and analyzing financial data submitted by families. Each family's award is individualized and may include financial aid, scholarships, and/or work study. Due to finite resources, AHN may not be able to accommodate all new financial aid applicants.
In order to qualify for financial aid, a child must be accepted in the school and families must have submitted a financial-aid application through FACTS. Need-based financial aid is a grant, not a loan, and is allocated on first-come, first-served basis to families. Financial aid is not guaranteed, and each family is expected to use all resources available to them in paying for an Academy education. Financial-aid grants do not have to be repaid. All information is strictly confidential and limited to review by the financial aid committee. The school expects that families will keep the same discretion regarding awards and decisions.
Since every family's needs are different and many variables determine need-based assistance, please contact John Donohoe, chief financial officer, with any specific questions.
For the 2019-2020 school year, more than $1.6 million of need-based assistance was awarded to 20 percent of Academy students.
Financial Aid Dates
Financial Aid is annual. Applications are required each year a family seeks financial assistance.
- November 4th - FACTS application site opens
- December 13th – Financial aid applications due for current families
- January 24th – Financial aid application deadline for new/applicant families
Financial Aid applicants who do not adhere to the deadlines will not receive a preliminary financial notification and will be put on a wait list. Should any funds remain or become available after the first round of decisions are made, students on the waiting list will be notified.
Applicants are to apply online by clicking the FACTS link here. Our school ID number is 14295.
Once an online application has been completed, the following supplemental information will need to be sent to FACTS to complete the process.
- Copies of your 2019 Federal tax forms, including all supporting tax schedules. No financial aid will be awarded if the tax return is not submitted to FACTS.
- Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers' Compensation, and TANF.
All supporting documentation must be uploaded online to FACTS as a PDF.
If you have questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 866-441-4637.
If you have any questions regarding financial aid at the Academy, please contact Chief Financial Officer John Donohoe at (813) 839-5371, ext. 231.
Financial Aid Guidelines and Policy
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 2019 tax return, including all schedules, as well as 2019 W-2s. Note: Families applying for financial aid should plan to file their tax returns timely and avoid extensions.
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.
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 their tax forms will receive a notification informing them that they do not qualify for financial assistance.
Work Study
High school students may apply for the student work-study program. Participants are required to work 100 hours over the course of the school year. Every attempt is made to schedule work around the student's educational and extra-curricular activities. Applications for these programs are available as part of the financial-aid allocation process.