Applying for Financial Aid
Durham Academy has more than $2 million of need-based financial aid available. The school determines a family's ability to pay tuition with the help of an independent third party, Tuition Aid Data Services (TADS). The results of the TADS formula are considered by DA's Financial Aid Committee, which then determines whether aid is to be granted and how much aid to grant.
Financial aid need is calculated by TADS without regard to race, gender, ability, ethnicity or religion. All inquiries and applications for financial aid are held in the strictest confidence. If you have any questions about DA's financial aid program, please contact the Office of Enrollment Management via email or at 919-493-5787.
How Do I Apply for Financial Aid?
Eligibility requires submitting a financial need assessment to Tuition Aid Data Services (TADS), which takes into account a family's income, savings, assets and liabilities, as well as any special circumstances.
Please follow the steps below to apply (refer to application deadlines on this page):
- Complete financial aid application form at www.mytads.com; click "Financial Aid Assessment."
Apply for Financial Aid
- Use a credit card to pay $45 processing fee.
- Submit supplemental items to TADS to complete the financial aid application:
- Most recent W2 forms for all jobs
- Most recent paycheck stubs for all jobs
- Most recent federal tax form
- Any corporate, partnership and tax forms (only applicable if any member of the household owns 20 percent or more in a corporation, partnership or trust)
- Documentation for all other sources of income (Social Security, welfare, SNAP nutrition benefits, unemployment, child support, workers' compensation, etc.)
When parents are divorced or separated, we require information from both custodial and non-custodial parents, guardians and step-parents. Each household may need to complete the TADS application separately.
Parents who own a business, trust, or receive rental income may be required to submit additional documentation to TADS. Contact TADS for more information.
Parents or guardians can contact Tuition Aid Data Services (TADS) via:
- Mailing Address: 110 N. 5th Street, Second Floor, Minneapolis, MN 55403
- Parent/Guardian Help Line: 800-477-8237 Fax: 612-548-3326
- TADS Email: firstname.lastname@example.org
Financial Aid Application Deadline:
Friday, Dec. 13, 2019
Admission & Financial Aid Notification Dates:
- Pre-K and Kindergarten: Friday, Feb. 14, 2020
- Grades 1 through 12: Friday, March 6, 2020
- Will applying for financial aid hurt our chances of admission?
- If my family qualifies for tuition aid, are there resources to help with other school-related expenses?
- If we receive a financial aid award, will we have to pay it back?
- What factors are considered when allocating financial aid funds?
- What happens to my deposit, and what is the Tuition Refund Plan?
- Must all parents in the household be employed to qualify for financial aid?
- What happens if my family is not receiving financial aid, but then encounters financial difficulties?
In addition to Durham Academy’s overall $2 million financial aid budget, the school also awards $50,000 annually to address student expenses beyond tuition, including textbooks, after-school expenses, enrichment classes, international or off-campus travel, and field trips. If school-related expenses are burdensome for your family, please contact the Office of Enrollment Management at email@example.com or 919-493-5787.
DA is proud to annually commit to a generous financial aid budget, and every effort is made to meet financial need — although requests for financial aid exceed the funds available each year. The following categories will be considered in allocating awards:
Returning financial aid recipients qualifying for a comparable award
Returning students new to financial aid
New students, with preference given by grade applying from oldest to youngest
Current and new families who apply after the financial aid deadline
In addition to each of these categories, the following factors will also be considered:
Grade level enrollment goals
Relative merit of the individual student
Socioeconomic, racial, religious and cultural diversity
Size of the award and projected long-term need
Adherence to school policies (payment history, past due balances, on-time financial aid application)
DA has a policy requiring all families to pay a 10% tuition deposit in order to enroll. The deposit will be applied to the first tuition payment.
Families are also required to participate in the Tuition Refund Plan when receiving financial aid. The Tuition Refund Plan provides for a proration of tuition in the event of the withdrawal of a student for medical reasons, as well as in the event of withdrawal or dismissal of a student. The premium is .08 percent of the cost of tuition.
|Grade Levels||Annual Tuition Refund Plan Premium|
We expect that all parents in a household be employed before seeking financial aid. The exception is for parents caring for preschool-aged children, living with a disability, or facing other circumstances preventing employment. Please submit to TADS an explanation regarding any unemployed parents in the household. Parents who are currently enrolled in school should submit a letter to TADS explaining their program, progress toward a degree and expected date of graduation.