All applications are assessed according to consistent and fair criteria. Since all financial aid is awarded on a need basis, a family applying for aid must demonstrate need; that is, they must demonstrate that they are unable to afford tuition in a given year.
The financial aid assessment primarily considers a family's income and expenditures as well as assets and liabilities. By comparing these factors, the Financial Aid Committee determines how much a family can afford to contribute toward tuition. The difference between what a family can pay and tuition is the demonstrated "need" of the family.
King's Academy considers a range of factors when determining need and the availability of family funds, and looks carefully at the expenditures of the family.