Financial Aid Practices
Doane Academy makes a significant financial commitment to create a community in which students from a variety of experiences can learn together.
Doane Academy utilizes a Financial Aid Committee to review financial aid applications and determine awards.
Doane Academy expects families applying for aid to use all available financial resources to contribute to their child’s education. These resources include, but are not limited to discretionary income, student assets, and support from relatives.
Doane Academy requires all families applying for financial aid to submit their most recent tax return. Parents who own a business and/or farm must submit a copy of their business tax return.
Doane Academy considers the resources of all living parents, stepparents and legal guardians before offering financial aid.
Doane Academy imputes an annual salary of $20,000 for parents who do not work. Exceptions can be made if a parent is disabled or sick, or if a parent is caring for either a preschool child or a disabled or sick relative.
Doane Academy allows families to appeal their financial aid award. Families must submit a letter explaining why the award should be increased. If the appeal is to be considered, the letter must include new information.
Families who complete their financial aid application by the January 15 priority deadline will receive their financial aid award with their acceptance letter and enrollment contract.