Affordability & Financial Aid - Wheaton Academy
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Affordability & Financial Aid

Wheaton Academy is committed to partnering with families to make Christian education affordable.

Our goal is to work with each family’s unique financial situation in order to provide the assistance needed to allow their student to attend Wheaton Academy.

Introducing The Affordability Initiative

Wheaton Academy is committed to accessibility for families at all income levels. The Affordability Initiative allows families to apply for reduced tuition based on their financial circumstances. By receiving a tuition reduction, families pay the amount of tuition that makes sense for their financial situation.

Download the Affordability Initiative packet for comprehensive answers to your most pressing questions:

  • How do I know if my family is eligible for the program?
  • What is the Invest in Kids Act and does my family qualify?
  • How does my family apply for a tuition reduction?
  • If my family pays a reduced tuition this year, will we pay the same amount in future years?
  • Are all students who are offered admission also offered financial aid if their parents qualify?
  • How do families consisting of multiple households file for tuition reduction?

 


Four Ways to Receive Aid

Wheaton Academy offers need-based financial aid through several avenues, all available through the generous contributions of our donors. Financial aid packages are determined through a comprehensive evaluation of your financial health, the number of applicants, and funds available.

1. The Wheaton Academy Annual Fund
The Wheaton Academy Annual Fund contributes to financial aid awards for families who apply and qualify.
Start: FACTS® Application, Nov. 1

2. Invest In Kids Partnering Organizations (IIK)
The Invest in Kids Act allows Illinois scholarship granting organizations to offer financial aid with specific qualifying criteria.
Start: FACTS® Application, Nov. 1

3. Need-Based Scholarships
Need-based scholarships are additional financial aid packages provided by the Wheaton Academy Alumni community. Families who qualify for financial aid awards may also qualify for these need-based scholarships
Start: FACTS® Application, Nov. 1

4. Merit-based Scholarships
Merit-based scholarships are reserved for the incoming freshman class only. Financial need is not considered for these scholarships.
Start: Merit-Based Application, Feb. 1


How does my family apply for financial aid?

Wheaton Academy uses FACTS® to process financial aid applications. FACTS® is an independent school service provider that has partnered with over 11,500 schools. Families interested in applying for reduced tuition may begin the FACTS® application process as early as November 1 every year.

Next, the Wheaton Academy Financial Aid Committee reviews the recommended aid award from FACTS® for accepted students. The Committee then issues a financial aid award package to the family for consideration based on the Financial Aid Award Schedule.

Please note that all discussions, submitted documentation, and award packages remain highly confidential among the Committee members.


Financial Aid Award Schedule

November 1 Financial Aid applications open

February 15th – Round one of awards

  • Round one of Academy awards
  • Round one of IIK Priority 1 awards*

March 15th – Round two of awards

  • Round two of Academy awards
  • Round two of IIK Priority 1 awards*

April 15th – Final round of awards

  • Round three of Academy awards
  • Round one of IIK Priority 2 awards*

Note: Funds are limited. Seventy-five percent of our aid awards were distributed in Round One last year. By applying early, you will be considered first and avoid a potential financial aid waitpool scenario.

*IIK Award Priority Order Levels:

Priority 1 students receive awards beginning February 1st:

  • Returning students
  • Students living in a focus district
  • Students at 185% or below of the published poverty level
  • Siblings of students who have received a scholarship previously.

Priority 2 students receive awards beginning April 1st:

  • At 250% or 300% of the published poverty level

Have more questions?

Download the Affordability Initiative packet to find answers to frequently asked questions.