CVA's Commitment and Philosophy to Financial Aid
CVA acknowledges that cost is a factor for every family considering independent education, and therefore we take a proactive approach towards educating families about their financial commitment. The objective of the pages listed below is to give you what we feel is important information about a CVA investment. If you have any questions or concerns, you should always feel free to contact us directly or set up an appointment to discuss your financial partnership with CVA.
Overview
. Carrabassett Valley Academy does not discriminate based upon race, color, or national and ethnic origin in the admission of students or in the awarding of financial aid.
· Decisions about admissions and financial aid are made separately and independently.
· CVA awards financial aid based upon demonstrated financial need.
· CVA makes financial aid awards to those returning financial aid students who are eligible before granting aid to new financial aid applicants.
· All students receiving financial aid must reapply every year they are at CVA to continue to receive aid.
· CVA financial aid awards are applied only toward the cost of tuition, room, and board. Other fees and expenses are the responsibility of the family and not considered in the financial aid calculations.
· Currently 37% of CVA families receive financial aid.
Resources for Families Beyond CVA’s Financial Aid Program
- The Maine Community Foundation is a resource for scholarships. Their website is www.mainecf.org.
- Education loans are available through Sallie Mae; www/salliemae.com,1-888-2-Sallie. Also check with your local lending institutions.
- Towns and community organizations such as Kiwanis and the Rotary are places to inquire about merit scholarships
- Many families contact other family members and churches for assistance. Some have held spaghetti dinners in their towns and sold tickets to raise money.
- “Your Tuition Solution” offers loans for tuition; yts-learning.com
We suggest families work with a financial advisor who can be very helpful in not only assisting with organizing resources but offering advice about tax planning, positioning of assets and liabilities, and other strategies to assist in paying for high school and college. We are happy to speak with your advisor to familiarize him/her with the FACTS methodology.
We sincerely look forward to working with you. If you would like more information contact Dawn Smith, Director of Admissions.
