Tuition & Financial Assistance
Thank you for choosing Assumption High School for your daughter and we are thrilled that she will be part of the Assumption family. We firmly believe that an Assumption education is one of the best investments you will ever make for your daughter and her future success in life. While recognizing the value of an Assumption education, we also understand that the full cost of attending Assumption may be out of reach for many families. That’s why Assumption is committed to ensuring that we remain attainable for every family who wishes to be part of our community. Nearly $1.4 million was awarded in financial assistance in 2022-2023 with plans to increase that amount for the next school year.
In addition to increasing the amount of tuition assistance awarded each year, Assumption works diligently to meet the individual needs of each family applying for financial aid. Like all our Catholic schools here in Louisville, Assumption works with an independent organization, FACTS Grant and Aid Assessment, to review applications and supporting information in order to make a need-based determination.
Assumption then reviews each application individually, taking into account not only the FACTS demonstrated need assessment but also the specific circumstances of each family before making an award. Special consideration is given to families who demonstrate full need. In addition, any family with extenuating circumstances has an opportunity to apply for an additional award through our appeals process.
Families wishing to apply for financial aid must do so by the January 31, 2022 deadline. The form is available online and can be accessed here. Late applications will be considered but are deferred until all applications filed by the deadline are reviewed and awards granted.
In order for families to be considered for financial aid, they must complete the FACTS application and registration process including payment of the $225 registration fee.
Financial assistance at Assumption comes from a variety of sources including our Annual Fund for Assumption, Rocket Spectacular Benefit Dinner & Auction, and the Walk for Assumption. We are grateful for the generosity of our many donors who truly value the mission of AHS and assist us in making an Assumption education possible for your daughter.
Important Additional Information
- The FACTS financial assistance application opens on November 15, 2021. Click the FACTS icon above to access the application.
- The online application and a fee of $30 must be submitted to FACTS by January 31, 2022.
- Students must be registered at Assumption and have paid the registration fee in order for a financial assistance application to be considered.
- Financial Assistance funds are limited. Late applications are held and will only be considered after all applications filed on time (January 31, 2022) have received awards. Please include your 2020 federal income tax return and W-2 forms with the application.
- A student’s financial assistance may be forfeited if they do not maintain academic and behavioral expectations.
- Letters of determination are mailed to families in May.
- Applications must be submitted annually.
Please email Tammy Finch, Accounting and Human Resources Manager, or call 502-271-2513 if you have questions. Please see SCHOLARSHIPS for additional financial assistance. Need-based scholarship applications for the upcoming academic year will be available at the end of January 2022.
TUITION & PAYMENT OPTIONS FOR THE 2022-2023 SCHOOL YEAR
OPTION 1 – SINGLE PAYMENT PLAN- $14,950: Parents can choose to make their lump sum payment by check as outlined above or through Tuition Management. Tuition Management charges a non-refundable annual enrollment fee of $20 for the single payment option. Seniors will incur an additional $250 graduation fee and sophomores will incur an additional $75 ACTS fee. These additional charges will be reflected on your statement due July 1, 2022.
OPTION 2 – QUARTERLY PLAN – $15,100: Parents can choose to pay in four equal installments of $3,775 due in July, October, January, and April. Payments can be made on either the 5th or 20th of the month. Seniors will incur an additional $250 graduation fee and sophomores will incur an additional $75 ACTS fee. These additional charges will be added to your account and divided over four equal payments.
OPTION 3 – 10-MONTH PLAN – $15,250: Parents may opt for a 10-month plan with monthly payments of $1,525 due July 2022 through April 2023. Payments can be made on either the 5th or 20th of the month. Seniors will incur an additional $250 graduation fee and sophomores will incur an additional $75 ACTS fee. These additional charges will be added to your account and divided over ten equal payments.
You will be sent instructions for paying your registration fee and setting up your online Tuition Management account. Tuition Management charges a non-refundable annual enrollment fee of $50 per account for the 4-pay or 10-pay options and $20 per account for the single payment plan.
If you have applied for financial assistance through FACTS and financial aid is awarded, the school’s finance office will make the necessary adjustments to your Tuition Management account, and you will receive notification of the adjusted payment amount. This process is expected to be completed in early May 2022.
PLEASE NOTE: All payments must be current for your daughter to begin the 2022-2023 school year.
If a student leaves for any reason during the school year, parents are responsible for tuition according to the following schedule:
- 25% of tuition from the 1st day of school thru September 30th
- 50% of tuition from October 1st thru November 15th
- 75% of tuition from November 16th thru December 31st
- 100% of tuition after January 1st
If you have any questions, please don’t hesitate to contact our finance office at (502) 271-2513.
Important K-12 Tax Law Changes for 529 Savings Accounts in Kentucky May 2018
(Prepared by Leisa Schulz, Superintendent of Schools, Archdiocese of Louisville from Information Provided by David Lawhorn, KHEAA)
Please see below information related to the K-12 tax law changes for 529 savings accounts and KY HB 434 that was passed with an enactment date of July 16, 2018 in Kentucky.
Here is what currently appears on the web site above:
Important News: Federal legislation signed by President Trump includes changes to Section 529 college savings plans
Jan 09, 2018
The tax plan signed into law on December 22, 2017 by President Trump includes provisions related to 529 college savings plans. Effective January 1, 2018, qualified withdrawals for federal tax purposes have been expanded to include up to $10,000 in tuition per student in connection with enrollment or attendance at public, private, or religious elementary or secondary schools.
Only the federal tax treatment for qualified distributions was changed by the federal tax plan. At this time, states are reviewing the impact of the federal tax change to determine whether they require changes to state legislation. Additional updates pertaining to the state tax treatment for K-12 withdrawals are forthcoming.
We recommend you consult a qualified tax advisor about your own personal situation.