Admissions
Affording Archer
Flexible Tuition

Explanation of Method

How does Archer decide who pays what? Archer considers the following factors to determine a family's financial strength and, therefore, a Flexible Tuition grant.

Assets

Family assets may include: taxable wages, if self- employed, income drawn as salary but not included as business profit, taxable dividend and/or interest income, alimony received, pensions, annuities, rent, royalties, estates or trusts, household expenses paid by separated or divorced spouse in lieu of alimony, unemployment compensation, capital gains, taxable IRA distributions, Keogh plan payments, profits from a business, child support received, Social Security benefits, real estate, vehicles, bank accounts, investments and student income/assets.

Expenses & Debt

Typical expenses and debts: educational expenses, encumbrances against home, medical/dental expenses, debts for investments, prolonged illness, unemployment, past business debts, uninsured natural disasters, past funeral expenses, legal fees, nursing home/assisted living care, closing costs for home purchases/refinancing, child support, costs for a child with special needs, and child care.

Non-Working Parent

If all children in a family are over the age of six, it is expected that both parents will be employed. If one parent chooses not to work, we input a full-time income at minimum wage ($12.00/ hour or $24,960) to that parent for the purposes of calculating Flexible Tuition.

Filing Status

Filing status: divorced, separated, never married, or widowed. Awards will not be considered unless complete financial information is received from both parents. If parents are separated, divorced, or never married, both parents are required to complete the Flexible Tuition application. It is expected that both parents and appropriate stepparents contribute to the education of their daughter regardless of legal agreements. Archer's Flexible Tuition Committee does not feel bound by the assertion that one parent disclaims responsibility for educational expenses.