Admission to Ursuline and awarding of financial assistance are two separate decisions. The Admission Committee reviews applications and makes need-blind admission decisions. The Business Office reviews financial assistance applications, and utilizes the FACTS Grant & Aid Assessment to determine a family's ability to pay. The availability of scholarship funds is also a factor in financial assistance decisions. The primary objective of Ursuline's Financial Assistance Program is to support families by sharing the cost of education with the student and her family, when there is a demonstrated need.
乌尔苏拉使用 FACTS Grant & Aid Assessment, a third-party organization which analyzes the financial situation of applicants based on a number of factors. Families applying for financial assistance must submit their FACTS Grant & Aid Assessment online.
Once all required documentation is submitted to FACTS Grant & Aid Assessment, including the current year Federal Income Tax Return, the Chief Financial Officer will make recommendations to the 经济资助 Committee members. Recommendations are based on the report from FACTS, tax return, and amount of funds available that year for financial support.
The amount of financial aid awarded varies from year to year. The annual proceeds from the Mardi Gras Ball comprise the largest contribution to the scholarship fund. An amount is calculated on the FACTS Grant & Aid Assessment for the family contribution. This amount is deducted from the tuition obligation and a percentage of need is applied. The total amount of funds available and the total number of students applying determine the percentage. Historically, the Academy has been able to provide 50% of financial need.