Affording the Academy

A robust and growing tuition assistance program supports The Academy’s commitment to finding families and students aligned with our school’s mission, regardless of ability to pay full tuition. 

Parental Choice Tax Credits

All parents are encouraged to apply each year for the OK Parental Choice Tax Credit to help cover the cost of an education at The Academy. These tax credits are refundable, which means you are not required to owe state tax in order to receive the credit. As of the 2025-26 school year, up to $250MM of tax credits are available. Applications for 2025-26 open February 18, 2025. Learn more at https://oklahoma.gov/tax/individuals/parental-choice-tax-credit.html. 

To see how tax credits could impact your tuition, try our Tax Credit Calculator!

Financial Assistance

• In addition to tax credits, families may be eligible for financial aid. Financial aid is awarded on the basis of demonstrated need. Financial need is determined through an application with FACTS Grant & Aid and reviewed by The Academy’s scholarship committee. A family’s ability to pay (as assessed by FACTS Grant & Aid) and available funds determines the scholarship amount.
• Income verification is required in order to complete the application. This requires providing FACTS with the most recently submitted 1040 Tax Return and requested tax schedules (typically filed in April of the previous year). FACTS also collects household data regarding savings and retirement, annual expenses, and debt.
• New financial aid applicants must complete a New Student Application before the application will be reviewed.
• Special consideration will be given to returning Academy families and staff before new families. Please note that while it is the desire of the school to help as many families as possible, scholarships are dependent on available funding.
• All families applying for financial aid are expected to promptly apply for the Parental Choice Tax Credit. Special consideration will be given to financial aid applicants who apply for the Tax Credit but are denied for reasons beyond their control.
• Scholarships are also available through The Academy Opportunity Scholarship Fund, a state-approved Scholarship Granting Organization (SGO), and private foundations partnering with The Academy to offer financial aid. No separate application is required for these scholarships. However, families selected to receive SGO or foundation scholarships are required to complete an additional form prior to receiving their award.
• Has your child received special education services through the state of OK? Has your child been adopted or placed by OK DHS? Ask us if you are eligible for an LNH scholarship!

Priority deadline to apply for financial aid is January 15, 2025.  Scholarship notification will be sent via email on or around March 1. Please direct any specific questions you have regarding this process to Christina Mearse, FACTS Coordinator, at cmearse@theacademyok.org.