SABA Academy has a need-based financial aid policy. For a school our size, we award a substantial amount of financial aid each year. Funds for financial Assistance are available through private donation of community members and khumms hence funds are limited. Our admission decisions are made need-blind, without regard to a family’s financial situation. We believe no qualified student should be denied enrollment because his or her family cannot afford tuition. It is also important to remember that an independent school education is a choice for families. Both the school and the families make significant financial sacrifices to support this choice. We review each application for financial aid by the same guidelines and evaluate individual family needs relative to others in our school. Financial Aid is only available for Grade 1 to Grade 10th.
To be considered, parents must submit all forms and required documentation by April 15th. Parents are required to apply for aid annually because tuition increases and changes in family resources may affect the amount of the awards. The renewal process will be based on:
- The student maintains a minimum 85% academic progress for the previous school year.
- The student needs a conduct and achievement recommendation from previous year’s teacher.
- The parent / guardian complete and submit a new financial assistance application and required documents by the deadline.
- Full payment of all dues for previous school year.
- Availability of funds.
Families who are granted Financial Assistance are required to volunteer 1 hour for every $100 of grant. School administration will schedule volunteers hours which may include but are not limited to: driving students to field trips, teacher assistance, maintenance, fundraising or special events.
If you will be applying for financial assistance for the next school year, submit a completed Financial Assistance application form indicating annual tuition and admission fee amounts along with a detailed letter explaining why you require this assistance. Also provide COPIES of the following documents:
- Last 2 Paycheck stubs
- Last year’s certified tax return and W-2 Form(s)
- Last 2 months bank statements
- Proof of loan payments/debt
Please mail the requested documents to the following address OR hand deliver them to the school office in a “sealed” envelope:
Attn: Financial Assistance Committee
4415 Fortran Court
San Jose, CA 95134
These documents will be kept strictly confidential. After receipt and review of all the required documents, you may be called for an interview. Any missing documents/information will delay the approval process. No financial assistance will apply until parent receives written confirmation of the approved amount of assistance to be provided.
The priority deadline for submission for the new academic year is May 30th. Please submit your application within one week, if you apply after the priority deadline.