Scholarships

SCHOLARSHIPS

Many parents who are seeking quality in education consider independent Christian schools. They understand the benefits of smaller classes, excellent teaching, Christian values, and a real sense of community. In many instances the only obstacle they see is the cost. Petra Academy recognizes the sacrifices parents make when they enroll their student(s) in an independent school and wants to provide them access to this education as financial resources allow.

Thanks to the generosity of others, 23% of Petra students receive some kind of financial assistance. We are committed to offering a classical Christian education to all qualified applicants based solely on demonstrated economic need. We do not offer merit, athletic, or special acheivement scholarships and expect a family to take primary responsibility for the cost of their student’s education.

Families who attend Petra Academy may be eligible to apply for two different forms of tuition help:

Petra Scholarship

logo_fastPetra scholarships are offered to families who demonstrate financial need. Our Petra Board of Directors allocates funds and utilizes FAST (Financial Aid for School Tuition) to provide third-party assessment of financial need. To apply for a Petra Scholarship, please complete the application (FAST charges $43 for processing your application; the application fee is non-refundable and payable by MasterCard, Visa, or American Express). Petra scholarships provide no more than 50% of total tuition costs (after registration, violin and book fees are paid) and requires submission of supporting financial documentation, as scholarships are award based on financial need and board approval.

ACE Scholarship

thumb-ace2Petra Academy partners with ACE (Alliance for Choice in Education) Scholarships, a financial-aid school choice program founded in 2000 to provide equal access to quality schools for low-income children. ACE seeks to have a direct impact in the lives of children from low-income families in Montana by providing scholarships to the private school of their choice. ACE has awarded up to 14 scholarships annually to students at Petra since 2012.

ACE is an independent organization that provides partial tuition scholarships of $2,000 for grades K-8 and $3,000 for 9-12. ACE has strict eligibility limits based on a family’s 1040 tax return and size of household. Application information about ACE Scholarships may be obtained by calling Petra. The application window to submit an ACE application is March 15 to April 15.

529 ACCOUNTS

The recent passing of the Tax Cuts and Jobs Acts has expanded the use of 529 plans – accounts that allow savers to accumulate money and pay for college on a tax-free basis – to include elementary and secondary school expenses at public, private, or religious institutions. That means individuals can take up to $10,000 in distributions annually from their 529 plans to pay for private school tuition and books through 12th grade – in addition to using their account proceeds for college costs. For more information, visit 529 Central at the Association of Christian Schools International (ACSI) website.