Understanding Foundation Academy Tuition and Affordability
Choosing the right school for your child is a significant decision, and understanding the financial aspects is a crucial part of the process. This article provides a comprehensive overview of tuition, financial aid options, and related considerations for The Foundation Academy, a private school located in Jacksonville, Florida.
Foundation Academy: An Overview
Founded in 1988, The Foundation Academy is a co-educational private day school committed to educating children in an art-centered, family-like environment. The Academy's mission is to help each student become a critical thinker and a lifelong learner. Located in Florida, approximately 12 miles from Jacksonville, the school embraces an integrated curriculum that overlaps academic, artistic, emotional, physical, and spiritual components to prepare students for success in today's world.
The Foundation Academy warmly opens its doors for enrollment, inviting families to join its close-knit community. Guided by a family-oriented ethos, the Academy follows an open admission policy, embracing applicants of all backgrounds who can actively participate in the school's program and contribute positively to the communal spirit.
Tuition and Fees: A Sliding Scale Approach
The Foundation Academy utilizes a sliding scale for tuition, suggesting that the cost is variable and dependent on a family's financial situation. To obtain specific tuition information, families are encouraged to speak with the admissions director.
Investing in a private school education requires careful financial planning. Foundation Academy tuition payments are managed through FACTS, a tuition management company. A family’s financial responsibility is outlined in their FACTS billing statement, reflecting the full tuition amount before any anticipated Step-Up credit.
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Financial Aid and Scholarship Opportunities
Recognizing that independent school education is a substantial investment, Foundation Academy offers various financial aid and scholarship opportunities to make education accessible to deserving students.
FACTS Grant & Aid Assessment: For students in grades K-12 whose families demonstrate financial need, Foundation Academy tuition assistance is offered through FACTS, a third-party vendor. Aid applications typically open on January 1st each year, and families are encouraged to apply for aid when submitting their application for admission.
Step-Up for Students Scholarship: Foundation Academy families can apply for a scholarship by visiting apply.stepupforstudents.org. Private schools are not required to extend credit in advance for estimated Step-Up awards, but Foundation Academy typically offers this courtesy to reduce the family’s tuition payment, provided all deadlines and criteria are met. Families agree to be financially responsible for any portion of the credit not funded or disbursed by Step-Up in a timely manner.
Additional Financial Considerations
Families should also be aware of potential tax credits and other benefits that can help offset the cost of education and childcare.
Child Tax Credit: A child tax credit is intended for people who are financially supporting a child. For a given year, the credit is worth up to $2000 per child. To qualify, a child must be under age 17 at the end of the year; have a Social Security number; be your child, stepchild, foster child, sibling, or descendant; live with you for more than half of the year; be claimed as your dependent; and pay for no more than half of their own expenses. Income requirements also apply.
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Child and Dependent Care Credit: A separate credit from the child tax credit, this is intended for taxpayers who paid care expenses for another person while they worked or looked for work.
Earned Income Tax Credit (EITC): The earned income tax credit, or EITC, is intended for workers with low to moderate incomes. The maximum EITC varies depending on the number of children a taxpayer has.
Florida School Choice Bill (House Bill 1): House Bill 1, also known as the Florida School Choice Bill, is a law that benefits all K-12 students in Florida.
Sibling Discounts: Some schools offer sibling discounts when families enroll more than one child.
Childcare Assistance: General Services Administration may be eligible for childcare assistance. You may be entitled to additional perks!
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The Enrollment Process
The Foundation Academy is now open for enrollment for the 2025-26 school year. Enrollment remains open throughout the school year, subject to availability in the desired grade level.
Prospective families of students (who must be at least five years old on or before September) can start their enrollment. An integral part of enrollment involves spending a day as a visiting student, fostering connections between the school, the student, and their family.
To begin the application process, families are encouraged to schedule a tour to experience the campuses, meet the faculty and staff, and learn more about the curriculum and extracurricular offerings. After the tour, families can apply online.
The Foundation Academy will admit students of any race, color, nationality, and ethnicity to all the rights, privileges, programs, and activities generally accorded to or made available to students at the school.
Key Elements for Enrollment
There are several key elements needed to complete the enrollment of your child. Be sure to read through the related pages for all information regarding the admissions process.
Diversity and Inclusion
The Foundation Academy celebrates diversity, embodying an inclusive environment that transcends discrimination based on race, color, gender, or national/ethnic origin. Students, some commuting from considerable distances, represent a diverse tapestry mirroring the wider community. Despite varied backgrounds, they share a common dedication to the school's educational goals.
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