Financial Aid is grant for students based on financial need. Financial Aid dollars are dependent on the generosity of the school's various benefactors and the various fundraising efforts done by parents each year. We ask that everyone get involved either through financial support or helping in one of our fundraising events such as the Annual MTA Gala & Silent Auction.
MTA administers its’ own Financial Aid program, making awards and grants based on need-based financial aid. The amount of aid you might receive varies based on how much aid MTA has available.
Financial Aid monies are finite and scarce; MTA doesn’t want to limit the ability of any student to attend. However, MTA must allocate its resources (financial aid dollars) in the best way that it can and in accordance with its Financial Aid policies.
MTA is a partnership between school and family. In the spirit of partnership between school and family, when a MTA makes a financial commitment to support a student, it wants to see a similar promise from a family. This establishes a shared seriousness and common bond.
The following information will explain our Volunteer in Exchange for Financial Aid Program:
When you decide to get involved with Volunteering in Exchange for Financial Aid, You need to take this arrangement very seriously as you will be using funds that could be given to another family.
Once you sign the Volunteer in Exchange for Financial Aid Agreement, MTA is entering into an agreement with you that in exchange for your involvement and commitment to participating on a committee(s) for the minimum of 40 hours per school year; Financial Aid will be allocated toward your child’s tuition.
The MTA TEAM Coordinator will be in contact with you to review your commitment on your selected committees and confirm your participation.
Failure to provide volunteer hours/duties agreed to could result in denial of Financial Aid in the future; this will also result in an adjustment to the Financial Aid awarded for the current year.
Financial Aid Policies
A family’s Financial Aid package is —a series of different solutions in the form of grants and a tuition payment plan that is woven together to build a package that makes MTA affordable for a family.
Your Financial Aid application should include:
A conversation with our Director - Ms. Debbie
Submittal of your
Previous year tax return
Three (3) months of bank statements
A brief letter explaining your need for a discount / Financial Aid
Sibling Discounts These discounts are based on the number of children you enroll at MTA and are applied to tuition expenses.
Payment MTA bills for tuition in monthly payments.
All Financial Aid requests will be held in the strictest of confidence by MTA. MTA will consider all eligible applications and notification will be made to the applicant. Final decisions on Financial Aid are made by the Director and the Board based on recommendation and availability of funds.
MTA has limited Financial Aid; amounts will be determined upon the number of applicants requesting financial aid and the available funds. Uniform costs, Registration fees, or other expenses are not eligible for Financial Aid. (Fully discounted uniforms are available thru MTA).
Application Submission All completed requests must be sent or brought to within 2 weeks of start date:
Mother Teresa Academy 13 Executive Park Drive Clifton Park, NY 12065 (518) 280-4227
Frequently Asked Questions
Commonly Asked Questions about MTA Financial Aid
• What types and combinations of Financial Aid does MTA offer? MTA currently offers need based grants, merit awards and tuition discounts.
• Do you have any special procedures for separated/divorced parents? Both parties must sign the Financial Aid documents.
• Does the school require a minimum contribution from families, or, can financial aid cover all school costs? Each family requesting financial aid should be prepared to pay something for their child’s tuition as financial aid will not cover all school costs.
• If my child receives financial aid for one year, what is the school’s policy for granting aid in the following years? Each year parents/guardians must reapply for Financial Aid.
What about MTA’s policy regarding rolling admissions? Families will be given 2 weeks from the filing of student’s registration to submit items required for Financial Aid package.