The first year of administration costs and the cost to equip the school will be the only financial implications for the school system to initiate a new magnet school. The new CTE building was made possible by funds set aside from Governor Kay Ivey. The city, nor the Albertville Board of Education, will be in any debt regarding the new facility. 

The Albertville Innovation Academy will not be a private or tuition-based school. It is a public school. There will not be any additional costs to attend.