Financial Options

Nawa Academy recognizes that each family has different financial needs and goals. That is why we offer you these financial options:

Please note: If you access the US Tuition site, leave the field entry blank which asks for: "Student ID or Acct Number"

2. Make Monthly Payments
Nawa Academy offers a monthly payment plan for families who qualify through Education Loan Source. To apply for their Tuition Ease payment plan, click here.

Please note: While it is possible to access the Education Loan Source website and calculate monthly payment options, we recommend that you do not finalize the process by paying their one-time application fee of $75 until the Nawa Academy application and interview process is complete.

3. Scholarship/Financial Assistance
Nawa Academy has limited financial assistance in the form of scholarships for families. This is not a loan. Scholarship awards are applied against the cost of room, board and tuition only. All applicable fees must be paid in full either by the family or the party that is financially responsible for the student. Each request is carefully reviewed by our Finance Committee with a determination made usually within five working days.

Required steps for review of financial assistance:
1. Submit the completed Nawa Academy school year application to our Office of Admissions
2. Request a release of transcripts from the current school (transcript release form is included in the Nawa Academy application)
   • Submit the request for financial aid, addressing the following items:
   • Full names of legal guardian/s and the student applying for admission
   • Name of person(s) who is financially responsible for student
   • Age and current grade level of applicant
   • Reason for request of financial aid
   • Amount of financial aid requested
   • Why you feel Nawa Academy may be the right learning environment for your child
   • Your goals as a parent for your child while at Nawa Academy
   • Applicant's goals for attending Nawa Academy
   • Which of our programs is desired
   • Enrollment date desired

Clark Financing
If you are seeking financial assistance, but not sure where to turn, consider contacting Clark Financing. Financial Assistance is available for those who qualify for a private loan. Clark Financing is an independent loan organization. Loans can cover tuition, enrollment fees and miscellaneous expenses including transportation to and from Nawa Academy. They feature multiple loan products with competitive rates, and a possible deferral of interest for up to 6 months with no prepayment penalties or cancellation fees.
With the confusing and frustrating environment of loans these days, we recommend contacting Clark Financing to help guide you through the loan qualification and application process. Even if you don't qualify for a loan, they will advise ways in which you might qualify, including adding a co-signer or considering credit repair. Typically, Clark Financing can complete the entire loan process in five business days.

• Financing Benefits
• 6 months interest free option
• Highly competitive interest rates
• Credit decisions available in 24hrs
• Affordable monthly payments
• No collateral required
• No prepayment penalties
• Quick & easy loan application
• Affordable monthly payments
• Minimal paperwork
• 100% Confidential

Clark Financing
www.ClarkBHF.com
Phone: (888) 755-3080

Bank of America

"Gold Option Line of Credit"(Loan Status: ACTIVE)
Loan Type: Line of Credit.
Phone: (888) 786-1116 or (866) 315-8270

• Interest rate is based on: Credit history and debt-to-income ratio
• Payment Term: 12 - 60 months
• No pre-pay penalty
• May apply additional payment to principal
• Must apply by phone

Please Note: This is not a student loan program. This is a Line of Credit. Adults may apply for a line of credit up to $50,000. Access to funds may be all at once or as needed.

SallieMae Financial Corporation (Loan Status: ACTIVE)

Loan Type: Student Loan (K-12)
Website: SLMFinancial.com
Phone: (877) 834-9851 Interest rate is entirely based on credit history Payment Term: 1-15 years
No pre-pay penalty Must apply online Immediate response via online Minimum loan of $1,000 required

Achiever (Loan Status: Inactive)

Loan Type: Student Loan (High School)
Website: Key.com/educate Phone: (800) KEY-LEND
NOTE: All private loans for new high school student applicants have been suspended for the remainder of the 2008-2009 academic year. Keybank will evaluate whether to re-open this service in 2009.

5. Tax Planning

It is always recommended to seek tax advice from a CPA (Certified Public Accountant) or tax specialist.