St. Mary's Springs Academy strives to ensure that no family is denied an opportunity for a Catholic education due to financial circumstances. This section is dedicated to discussing the financial aid and scholarship opportunities that the St. Mary's Springs Academy community of supporters makes possible. For questions regarding your family's particular financial situation, we encourage you to contact Maureen Petersen in our Business Office (920-322-8072) or our Admissions Office for additional information.
Payment plans are sometimes not enough to make a St. Mary's Springs Academy education affordable. We offer need-based financial aid to assist families with additional funding needs. Financial aid is available for students at all grade levels.
The financial information used to determine need-based financial aid includes:
- Income, both taxable and non-taxable
- Assets (home equity, other real estate, savings, stocks, etc.)
- Number of dependents
- Medical and dental costs not covered by insurance
- Personal debt
- Unusual expenses such as nursing home costs, legal fees, child support, etc.
Range of Assistance Awarded
The financial aid awarded to qualified applicants per pupil per year ranks between $250 to more than $3,000.
The Tuition Aid Data Services (TADS) has been selected by St. Mary's Springs Academy to conduct financial need assessments for families that may need assistance in paying tuition. The application process is fair and confidential. Each family wishing to apply for aid fills out a TADS application form online (one per family) at www.mytads.com.
TADS performs a calculation and produces a report which estimates how much the family can afford to spend on educating its children for the year. In addition to submitting a TADS application online, parents must send a copy of their W2 forms and federal income tax returns directly to TADS. These tax documents and the report from TADS are maintained in a confidential financial aid application file. Once the file is complete, the SMSA Financial Aid Committee will review all applications and make fair and objective decisions on awards of aid for each child that is interested in registering for the upcoming school year.
The Financial Aid Process
In order to be eligible to receive need-based aid, parents must complete the TADS application. TADS is a third-party provider that allows SMSA to estimate each family's ability to pay. The TADS applications must be received according to the following timeline:
The 2015-2016 application for financial aid will be available beginning January 1, 2015. Please complete the application and update your file with your new tax data as soon as such information becomes available to you. You can contact TADS directly if you would like a paper application. The TADS fee for the financial aid form is $34.00.
Note: New families and transfer students should also submit their Application for Admission at this time. If you are seeking an "award estimate", please contact Maureen Petersen at (920) 322-8072. NOTE: financial aid estimates are not a guarantee of award.