Financial Aid Program

The Board of Governors of The Independent Schools Foundation is committed to creating a diverse student population at The ISF Academy. The Academy does not receive any financial support from the Government for its operating expenses. Thus, all costs relating to our Financial Aid Program come from donations and The Independent Schools Foundation Limited.

The ISF Academy welcomes families who truly need financial assistance to join our learning community. Financial aid is available to eligible students of all grades from the Foundation Year to Grade 12. Each application will be assessed individually by the Financial Aid Committee, and aid will be provided that will cover 20% to 100% of tuition fees as well as other expenses, depending on the needs of the individual applicant. In determining eligibility, the Committee looks at the number of household dependents, the monthly income, and the net value of assets held. As an example of eligibility, a family of four with two children studying at the Academy with a monthly household income of less than $72,000, subject to the value of assets held and review by the Financial Committee, may qualify for financial aid.

Students who are awarded a Merit-Based Scholarship may also apply for Financial Aid.

SUMMARY OF THE PROGRAM

1. School Fees

Students who are successful in their application for Financial Aid in 2012/13 are awarded a school fee reduction at different levels of remission, ranging from 20% to 100%, depending on the financial circumstances of the applicant’s family.

2. Capital Contribution

All students entering The ISF Academy are required to participate in the capital contribution scheme. Parents who are successful in receiving Financial Aid may receive a corresponding remission on the Annual Capital Levy contribution.

3. Composition Fee and Other Fees

The Financial Aid Committee may consider the reduction of fees, such as the annual cost of books and stationary, costs for overseas trips, camping trips, or student development programs during the evaluation process if requested to do so by the applicant.

Financial aid recipients are obliged to inform the school immediately should their family's financial situation improve. The ISF Academy also reviews the financial status of each recipient family periodically, to determine eligibility for on-going financial support.

ELIGIBILITY

Financial aid is awarded on the basis of financial need of the applicant. The Financial Aid Committee of The ISF Academy has the sole discretion in awarding financial aid.

The Financial Aid Application form can be obtained from our Admissions Office. The information provided on the form allows us to allocate the funds appropriately and enables us to be accountable to the donors who have so generously given to help those in need.

Click here for Financial Aid Application Form

Click here for Instruction on Financial Aid Application