Financial Information

(For further information, please call our Finance Office at 818.349.1373)

School Financial Status
San Fernando Valley Academy (SFVA) is a Certified, Christian Seventh-day Adventist Preparatory School whose main objective is to provide Christian education to the members of the Seventh-day Adventist Churches, located primarily in the San Fernando Valley and its surrounding communities. Members of other denominations are accepted pending an interview with the administration. SFVA is a non-profit education organization that operates with two types of financial support: First, the school charges tuition and fees to the families of students that are enrolled and attend school. Second, the school receives monies from the constituent Adventist churches that help subsidize the school expenses and therefore, provide a discounted rate to Adventist families. It is important to recognize another crucial aspect of our financial support. SFVA receives donations that alleviate the needs of the daily operation as well as other costs. Our non-profit status allows us to provide our donors with receipts and letters of donation in order that they may obtain a tax deduction.
 
Tuition Schedule
Our tuition schedule is based on three student classifications: Seventh-day Adventist, Non-Adventist, and Foreign students/I-20. Seventh-day Adventist students are those whose families are members and attend regularly a Seventh-day Adventist church. Non-Adventist students are those who families are non-members of the Seventh-day Adventist church. (If they are attending church regularly, we consider them as non-Adventist until they become church members by actually having their names in the church membership book). I-20/Foreign students are those that have a student visa, I-20 non-immigrant student permit, and their source of finance is from a foreign country.
 
Types of Payment and Terms
It is imperative that student accounts be paid on time. The school depends upon receiving prompt tuition payments in order to meet our monthly financial obligations. Families can choose from two types of payment format:
 
  1. Pay tuition in full for the semester or year: The payment for the first semester is due at fall registration and for the second semester is due at the beginning of the second semester. The payment for the full year is due at fall registration. There is a 5% discount when the tuition is paid in full (see the Scholarship and Financial Aid section below).
  2. Monthly payment plan: The payment is due the 1st of every month. If the account is not paid by the 10th of the month the account will be considered delinquent. Please see the section below for more information in regards to delinquent accounts. Each family can choose from one of three monthly plans: 10 month plan: begins at Fall registration. 11-month plan: begins July 1st of every year, and 12-month plan: begins June 1st of every year.
Delinquent Accounts
If the account is not paid by the 10th of the month the account is considered delinquent. If the account is not paid by the 30th (end of the month), a late charge of 5% of any delinquent amount will be charged to the account. Any student whose account becomes more than 45 days past due may be asked to withdraw from the school until the account is paid or satisfactory arrangements have been made. If arrangements are not made, the account will be turned over to an outside collection agency and a fee for collection will be added to the account.
 
Previous outstanding accounts owed by the student or any member of the immediate family must be settled before the student will be permitted to attend the school for another year or a portion thereof. Families with an outstanding account at other schools must settle that account before the student will be admitted to San Fernando Valley Academy.
 
Earthquake Kits
Returning students who have purchased their kits prior to September 2000 will be charged $25.00 for a new kit.
 
Late Registration/Early Withdrawal
No prior prorating is allowed before September 15, or after April 20. For early withdrawal from school the prorating will be based on the school days that have expired.
 
The registration fee is paid in full and is non-refundable.
 
In the case of withdrawal, the parent or guardian must sign and date the appropriate section at the bottom of the Financial Application. This will ensure that you will not be billed for any month beyond the date of withdrawal.
 
Cafeteria/Miscellaneous Charges
Cafeteria charges will not be listed on your monthly statement. Payment for meals can be made in advance or on a per-meal basis. Your student cannot be served if no payment has been made.
 
Check Charge
A service charge of $20 will be billed for any check returned due to insufficient funds.
 
Exam Permits
Exam permits are required before students will be permitted to take semester or final tests. Permits are issued by the Business Manager's Office when the account is paid in full, or satisfactory arrangements have been made to clear the account.