Financial Aid Policies:
Purpose:
The Financial Aid Program at Nova Bridge School is designed to ensure that a high-quality online education is accessible to a diverse range of families, regardless of their financial circumstances.
Types of Aid:
- Tuition Discounts: Need-based reductions in tuition fees to make education more affordable.
- Payment Plans: Flexible tuition installment options to ease the financial burden.
- Scholarships: Merit-based awards for exceptional academic or extracurricular achievement.
Eligibility:
- Demonstrated Financial Need: Families must complete the Financial Aid Application and provide supporting documentation. Need will be assessed based on income, expenses, household size, and other relevant factors.
- Residency: Students must meet Ontario residency requirements.
- Academic Standing: Students must maintain satisfactory academic progress to continue receiving aid.
- Special Circumstances: Consideration may be given to special circumstances, such as job loss, medical expenses
- Number of Children Enrolled: Priority may be given to families enrolling multiple children in the school, as their need for financial assistance may be greater.
Award Determination:
- Discounts will be based on available funds and the demonstrated financial need of each applicant.
- Discounts may be a percentage or fixed amount, depending on individual circumstances.
- Discounts are typically made for one academic year and may be renewed annually based on continued eligibility and funding availability.
Application Process:
- Applications are accepted on a rolling basis until funds are exhausted.
- Priority may be given to early applicants.
- All applications are kept confidential.
Appeal Process:
- Families may appeal financial aid decisions in writing, providing additional information or circumstances not previously considered.
Deadline:
- Deadline for Financial Aid Applications is September 1st of each year.