At Southern Preparatory Academy, we provide a structured private school education at an exceptional value. Although we are the most affordable military academy, we understand the cost of our tuition plans may exceed a family’s financial resources.
Tuition loan programs, such as Sallie Mae, assist families in making tuition payments more affordable by providing the funds upfront and spreading the payments over a longer period of time. Other progressive lending options could be Your Tuition Solution, LendingClub.com and Prosper.com. Most, if not all, are credit-based loans. Please contact these companies directly for current fees, rates, and other details.
Southern Prep is proud to offer financial assistance, as well as in-house discounts, such as: Active/Retired Military; First Responders; Ministers; Single Parent; Siblings; and, Airline Employees.
We understand that a boarding school education, such as the one we offer at Southern Prep Academy, provides an unparalleled experience and value to the student, but the cost of this investment sometimes exceeds a family’s immediate resources. As such, we offer a need-based financial assistance program to alleviate a portion of the tuition burden from the families. The amount of aid distributed depends on three items: level of need, availability of funds, and the number of students applying. Financial aid considerations are made after acceptance into the academy.
K–12 Family Education Loan
For expenses associated with your child’s private kindergarten through grade 12 education. Borrow up to 100% of the school-certified cost of your child’s private school kindergarten through grade 12 education.
Variable interest rates
Offers long terms and low monthly payments
Plan Rates: (Fall 2018): 3.99% – 24.99% APR based on the amount financed and applicant’s credit history.
Sample Monthly Payments: The monthly payment is only $373 for a $15,500 program with a 6.99% APR over 48 months.
The monthly payment is only $403 for a $15,500 program with a 10.99% APR over 48 months.
Plan Amounts: $2,000 – $50,000.
Plan Terms: 24, 36, 48, 60, 72 or 84 months.
The AOSF’s mission is to empower families to choose the school that best fits their child’s unique educational needs. AOSF provides scholarships to low-income, K-12 children who are not succeeding in their current environment. Scholarships are funded by the donation of corporate and individual Alabama income tax liability. Awards are distributed on a first come, first served basis with priority given to students zoned to attend a “failing” public school.
Read more here.
After your student has been accepted and you determine your need for aid, please visit FACTS. FACTS provides schools with an objective methodology for calculating a family’s ability to contribute to educational expenses. Create a login and complete the financial aid application for the current academic year. If you experience problems during the FACTS application process, please call their customer service department at (866) 441-4637.
Southern Prep offers a tuition discount of $1,000 ($500 per semester) for each newly enrolled boarding student that a current family refers, providing the referring family stays in good standing with the school.
Reach out to family and friends, share your experience, encourage your prospect to contact the Admissions Department and fill out an application.
We are a community of students, faculty, and staff who know each other well, celebrate our victories, band together in times of challenge, and possess mutual respect for one another.
We believe that when your son becomes a part of our community, we become your extended family.
We support your continued involvement throughout your son’s experience, and we hope that you, too, will experience the strength of our community.