Financial Aid Program
The Board of Governors of The Independent Schools Foundation is committed to creating a diverse student population at The ISF Academy. The Academy does not receive any financial support from the Government for its operating expenses. Thus, all funds supporting our Financial Aid Program come from donations and The Independent Schools Foundation Limited.
The ISF Academy believes that the cost of an independent school education should not be a deterrent to prospective families and welcomes all interested families who need financial assistance. Financial aid is available to eligible students of all grades from Foundation Year to Grade 12. Each application will be assessed individually by the Financial Aid Committee, and qualified applicants will receive assistance covering 20% to 100% of tuition fees as well as other expenses, depending on the needs of the individual applicant. In determining eligibility, the Committee looks at the number of household dependents, the monthly income, and the net value of assets held. As an example of eligibility, a family of four with two children studying at the Academy with a monthly income of less than HK$100,000, subject to the value of assets held and a review by the Financial Aid Committee, may receive financial aid.
Students who are awarded a Merit-Based Scholarship are also eligible for Financial Aid.
SUMMARY OF THE PROGRAM
1. School Fees
Students who are successful in their application for Financial Aid in 2017-18 are awarded a school fee reduction at different levels of remission, ranging from 20% to 100%, depending on the financial circumstances of the applicant’s family.
2. Capital Contribution
All students entering The ISF Academy are required to participate in the capital contribution scheme. Families who are successful in receiving Financial Aid may receive a corresponding remission on the Annual Capital Levy contribution.
3. Other Fees
The Financial Aid Committee may consider subsidizing fees for overseas trips or Experiential Learning Program activities if requested to do so by the applicant.
Financial aid recipients are obliged to keep the school informed immediately should their family’s financial situation improve. The ISF Academy also reviews the financial status of each recipient family periodically, to determine eligibility for on-going financial support.
Financial aid is awarded on the basis of financial need of the applicant. The Financial Aid Committee of The ISF Academy has the sole discretion in awarding financial aid.
The ISF Academy has a need-blind admissions policy. An applicant’s financial needs are not considered during the admissions selection process and a firm application for financial aid is made only after a child has received the acceptance letter from the school. Parents/Guardians may also choose to submit their Financial Aid Application earlier to expedite the Financial Aid Review process and obtain an indicative amount that could be granted under our Financial Aid Program.
The Financial Aid Application form can be obtained from our Admissions Office or from our website. The information provided on the form allows us to allocate the funds appropriately and enables us to be accountable to the donors who have so generously given to help those in need.
Click here for Financial Aid Application Form
Click here for Instruction on Financial Aid Application
Click here to access your eligibility for Financial Aid