Financial Aid

St. Teresa’s Academy offers assistance to students whose families are in need of financial support. Every year, STA provides approximately $1.5 million in scholarships, discounts and financial aid to approximately 50% of the student body.

To be eligible for assistance, a family must demonstrate financial need and a student must meet the entrance requirements for St. Teresa’s Academy. Parents of incoming freshmen who wish to be considered for financial aid must complete and submit a financial aid application to Financial Aid Independent Review (FAIR).

Eligibility

The priority financial aid deadline is December 9, 2022. Families who meet the December 9 deadline will receive notification of any aid by early March. Families who submit a financial aid application after December 9, and prior to March 1, will receive notification in mid-April. A paper notification is available upon request.

Every effort will be made to award some tuition support to eligible candidates.

Renewals

Students may be eligible for a grant each of their four years; however, an application must be submitted every year. Awards are not automatically renewed.

How to apply

STA works with FAIR (Financial Aid Independent Review, Inc), a third-party organization that analyzes applications based on a number of factors. Applications are accepted beginning in February and are due in early March. Access printable instructions for online application. A paper application is available upon request.

To submit an application to FAIR online, please complete the following:

  1. Visit the FAIR site and click on the “Parent Login” link. If you are a returning FAIR applicant, your email and password will be active in FAIR’s system.
  2. St. Teresa’s Academy school code – 184
  3. Password – sta184
  4. STA Student ID – sta184

All tax information is sent directly to FAIR — not to St. Teresa’s Academy. FAIR requests a processing fee of $33 for the standard application. The processing fee for the standard application is paid to FAIR with Visa or MasterCard if applying online. If applying by mail, you may pay by check.

*If the $33 application fee is a hindrance to your family, please contact STA Admissions Director Kelly McKee to request a fee waiver.

Important notes:

  • If you have one incoming freshman and one older daughter at STA, you may apply early for both daughters.
  • If you are divorced or separated, STA requires that both parents complete an application or provide court documentation stating one parent has no financial responsibility and no custodial rights. Otherwise, we cannot consider tuition assistance until both parents’ applications are complete.
  • Prospective students that do not have a St. Teresa’s ID Number, can enter the STA school code in the Student ID field: sta184.

For additional details, please refer to the FAQ section on the FAIR website.

Eligibility

To be eligible for assistance, a family/student must demonstrate financial need, meet the entrance requirements for STA, and be current with all financial obligations due. Every effort will be made to award some tuition support to eligible candidates.

Renewals

Students may be eligible for a grant each of their four years; however, an application must be submitted every year. Awards are not automatically renewed.

How to apply

STA works with FAIR (Financial Aid Independent Review, Inc), a third-party organization that analyzes applications based on a number of factors. Applications are accepted beginning in February and are due in early March. Access printable instructions for online application. A paper application is available upon request.

To submit an application to FAIR online, please complete the following:

  1. Visit the FAIR site and click on the “Parent Login” link. If you are a returning FAIR applicant, your email and password will be active in FAIR’s system.
  2. St. Teresa’s Academy school code – 184
  3. Password – sta184
  4. You must use the appropriate/requested tax return.

Returning families must reapply for financial aid every year. All tax information is submitted directly to FAIR–not to STA. Written notification of financial aid will be provided by STA in mid April. The processing fee for the standard application is paid to FAIR with Visa or MasterCard if applying online. If applying by mail, you may pay by check.

Important notes:

  • If you have one incoming freshman and one older daughter at STA, you may apply early for both daughters.
  • If you are divorced or separated, STA requires that both parents complete an application or provide court documentation stating one parent has no financial responsibility and no custodial rights. Otherwise, we cannot consider tuition assistance for a student until both parents’ applications are complete.
  • Be sure to have your daughter’s Power School ID number available. You can find this on the main page of Power School (“Student Number”).

For additional details, please refer to the FAQ section on the FAIR website.