Financial Aid Information
Rev. Oct. 19, 2012
• Parents must apply for admission to Bachman Academy, and the student must be accepted before the Financial Aid Committee can consider any awards.
• Financial aid is not automatically renewable. Families must apply for financial aid each year.
• Families currently not on financial aid and who have experienced unexpected financial difficulties may apply for financial assistance.
• All parents will be asked to complete the online application through ISM’s Financial Aid for Student Tuition (FAST) service. FAST requires a non-refundable online processing fee of $38 to complete the application.
• All parents will furnish the FAST service/Bachman Academy with a copy of their current tax return (1040 with all schedules) and copies of W-2s, before a financial aid award is credited.
• All tax returns must be signed. Parents should submit a complete tax return and not an electronic return.
• All parents who own a business/farm will be required to furnish a copy of their current business tax return. They will also be asked to furnish an SSS Business Farm Statement, cash flow statements, balance sheets, and any other information relevant to the business.
• Military families should furnish a copy of the Leave and Earning Statement.
• All parents should furnish a copy of the student’s tax return (1040 with all schedules), if applicable.
• Ordinary business or rental depreciation or loss is not considered when calculating financial need.
• If a student has assets in a trust fund, parents must furnish a copy of the trust agreement.
• If parents fail to submit the necessary information to the Financial Aid Office, the application for financial aid may not be processed. The Academy reserves the right to review on a case-by-case basis.
• Families should submit forms and tax returns by the specific deadlines or the request for financial aid cannot be processed.
• All Bachman Academy Day Scholars are required to complete a specific amount of volunteer time on campus each semester. Failure to complete the required number of volunteer hours will result in the family not being considered for future financial aid awards.
• Financial aid awarded to students includes a $500 loan at a rate of 4% simple interest for each academic year financial aid is awarded. Interest rates accrue from the date the scholarship is awarded. The repayment of this loan does not begin until the student leaves from Bachman (i.e. graduation or begins attending another school/program). During a student’s first four years after graduation, quarterly interest payments are due. In years five through eight, interest plus principal are due. The loan policy represents a very important part of Bachman’s financial aid program. While loans help those who are currently receiving assistance, they also replenish Bachman’s financial aid funds for future students.
• Families and students that accept financial aid from the Academy understand that the Academy requires the student to maintain a minimum of 2.5 GPA and that if a student is placed on disciplinary probation their financial aid could be revoked.
• Should discrepancies be discovered in the information provided to Bachman’s Financial Aid Office, we reserve the right to withdraw financial aid assistance at any time during the school year.
• Bachman Academy reserves the right to request additional financial information at any time.
• Maximum financial aid awards are limited to 30% of full tuition, dependent upon eligibility.
• Students receiving financial aid are not eligible for further discounts on tuition.
To apply for financial aid, click on the image below. You will be taken to the FAST secure website to complete your application.
Bachman Academy offers a limited amount of needs-based Fiunancial Aid each year. Families who qualify can recieve up to 30% of tuition. Please read the Financial Aid Policy for more information about applying for Financial Aid.
Inclusion on this list does not imply endorsement by Bachman Academy.
Children and Adults with Attention Deficit/Hyperactivity Disorder (CHADD)
National Resource Center on AD/HD
National Institute on Mental Health - ADHD topic
Attention Deficit Disorder Association (ADDA)
International Dyslexia Association
NINDS Dyslexia Information Page
DyslexiaHelp - Part of the University Center for the Development of
Language & Literacy (UCLL) at the University of Michigan
Dyslexia Simulation Tools
Educational Advocacy Resources
The Advocacy Institute
Center for Appropriate Dispute Resolution in Special Education (CADRE)
Disability Rights Education and Defense Fund, Inc. (DREDF)
The IDEA Partnership
LifeLine Families (Chattanooga Area Resource and Education Project, TN)
Office of Special Education Programs (OSEP)
Parent Technical Assistance Center Network (National site with links to local centers)
Support and Training for Exceptional Parents (STEP)
Financing Secondary Education
Your Tuition Solution
Article: Affording Private School