At the time of enrollment, families are required to pay the first and last month’s tuition. In addition, there is a charge for psychological testing, as well as an enrollment fee. Parents are also required to open an incidental account for their son.
Oxbow Academy is happy to work with any funding source parents designate. We require a signed contract between Oxbow and any third party. We also require a written agreement with parents to pay any remaining balances left unpaid by third party providers.
When admission occurs before the 15th of the month, the first month’s tuition is pro-rated to reflect the admission date. When admission occurs after the 15th of the month, Oxbow Academy requires pro-rated payment for the remainder of the month in addition to the full first and last month’s tuition.
Financial Loan companies we recommend for families:
Prosper HealthCare Lending
Click on image above or copy and paste this URL into your browser: https://app.prosperhealthcare.com/003233
Prosper Healthcare Lending 800-625-7412
Prosper Healthcare Lending is the premier financing company in the healthcare industry. With over $3 Billion borrowed and over 250,000 people empowered, this is a name and a program you can trust.
Here are some of the benefits you’ll receive with a loan from Prosper Healthcare Lending:
- Immediate decisions without affecting your credit!
- Longer terms for lower monthly payments
- No collateral required
- No prepayment penalties
- Fast & easy loan inquiry process
- 100% Confidential
Tax Deduction Information
Please provide the following information to your tax advisor so they can assist you in making the proper deduction.
You may wish to refer to Internal Revenue Code (Section 213a) for additional information on allowable deduction percentages of expenses related to the care for your son or daughter.
Court examples of rulings that support medical expense deduction related to enrollment in a special school for your child:
- –Griesdorf, Lawrence, (1970) 54 TC 1684) Enrollment of a child not cooperating in school and often physically sick related to result of parental divorce and father’s suicide.
- –Urbauer, Charles, (1992) TC Memo 1992-170) Enrollment of a 17 yr old with severe behavioral and drug abuse related problems in a college preparatory school program designed to meet the educational and emotional needs of students with problems.
When the proper criteria are met, all tuition (including all food and lodging) and additional expenses including transportation to and from the program should be discussed as a deduction with your tax advisor. Phone calls and other related expenses you incur should also be discussed with your tax advisor.
Additional Resources for your tax advisor:
- Internal Revenue Code Section 213(a)
- Treasury Regulation Section 1.123-1(e)
- Revenue Ruling 70-285
- Private Letter Ruling 8447014
- Court Cases: Griesdorf, Lawrence, (1970) 54 TC 1684;
- Pazos, Jose, (1987) TC Memo 1987-131;
- Urbauer, Charles, (1992) TC Memo 1992-170
If you would prefer to discuss your situation with a counselor, we invite you to call an admissions counselor, at 855-676-4272.
Oxbow Academy – New Hope, New Help, No Secrets.™