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 this Financial Aid Program come from donations and The Independent Schools Foundation. The information you provide allows us to allocate the funds and enables us to be accountable to the donors who have so generously given to help those in need. The ISF Academy welcomes families who truly need financial assistance to join our learning community.

As this program is separate and distinct from the Merit-Based Scholarship Programs students who are awarded the 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 2010/11 are awarded a school fee reduction at different levels of remission, ranging from 20% to 100%, based on their family household income.

2.       Capital Contribution

All students entering The ISF Academy are required to make capital contributions. Parents of financial aid recipients may elect for a one-time contribution or an annual payment (either a or b):

a)       One-time contribution:  The General Capital Levy
There is no remission offered for the General Capital Levy for successful Financial Aid applicants. 

b)       Annual payment:  The Annual Capital Levy
Parents who are successful in receiving Financial Aid will receive a corresponding remission on their capital contribution. The Capital Contribution Scheme is currently under review and the Annual Capital Levy may change.  As a reference, the full Annual Capital Levy for 2009/10 is $27,000 (Admission Capital Component of $13,500 and Annual Capital Component of $13,500). 

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 extra-curricular activities, overseas trips, camping trips, or student development programs during the evaluation process if requested to do so by the applicant. Separate notification is given if applicable.

4.     Financial aid recipients are obliged to keep the school informed 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.

Click here for Financial Aid Application Form

Click here for Instruction on Financial Aid Application