Financial Aid: Need-Based Grant Program Overview
Financial Aid Workshops
Who is Eligible?
All families are encouraged to apply. Families of students in K2 (age 5) through Grade 8 are eligible for financial aid. There is limited need-based funding available for pre-K and K1 students. There is a $40 processing fee for the financial aid application. The financial aid process is confidential, and aid is allocated based on financial need determined by the calculations on the FACTS Grant & Aid application, an objective and independent third party.
We allocate aid based on calculated need: income minus expenses, as well as other information the family may provide in support of the aid application. We also take into consideration the school’s policies and the resources available for both re-enrolling and new students. Financial aid will not be awarded to families unless all accounts are in good standing. In order to maintain need-based financial aid, families must make tuition payments on time and reapply for financial aid within the FACTS Grant & Aid system each year.
How to Apply and Deadlines: New Students
To apply for financial aid, please visit https://online.factsmgt.com/aid and create an account or log in. The FACTS Grant & Aid application process can take up to one hour and there is a $40 application fee. You will be asked questions about your income and expenses for the year. The parents of each applicant must reapply annually for financial aid. For more information on the process, see below and read the Payment & Financial Aid Policy.
New students must complete the application for admission, be accepted to the school, and complete enrollment prior to applying for financial aid. The applicant for financial assistance must claim the child on the federal tax return for the prior year in order for aid to be allocated
The recommended deadline to fill out the financial aid application through FACTS Grant & Aid is March 15. Please submit your 2022 federal tax return by March 15. FACTS Grant & Aid requires at least 2 weeks to verify the information provided in the tax return.
Need-based financial aid grants will be applied to the student’s accounts within 1 month of the FACTS Grant and Aid application being verified by FACTS. If an application is completed and verified by April 15, families can expect to receive the financial aid notification by the end of May. Allocations will occur on a monthly basis after May 15 until funds are completely allocated.
How to Apply and Deadlines: Current Students
To apply for financial aid, please visit https://online.factsmgt.com/aid and log in or create an account. The FACTS Grant & Aid application process can take up to one hour and there is a $40 application fee. You will be asked questions about your income and expenses for the year. The parents of each applicant must reapply annually for financial aid. For more information on the process, see below and read the Payment & Financial Aid Policy.
All current students who received financial aid for school year 2022-2023 must submit the FACTS Grant and Aid application as soon as possible after they receive their 2022 W2s or at the latest by March 15.
In order for an application to be verified by FACTS Management the 2022 federal tax return, 2022 W2s and proof of non-taxable income are required. FACTS Grant & Aid requires at least 2 weeks to verify the information provided in the tax return. Once the application is verified, the financial aid notification and updates to the FACTS Financial Account will be sent within 1 month. Allocations will occur on a monthly basis after May 15 until funds are completely allocated. Grant notifications will be posted on the FACTS Grant & Aid and Financial Account and emails will be sent by FACTS Management informing the responsible party of the change to the payment plan.
Payment and Financial Aid Policies
FACTS Grant and Aid Application: What to Expect
There is an estimated one-time non-refundable application fee of $40 per household. This may change based on your selected school(s). The same application can be applied to multiple institutions provided they use the FACTS Grant & Aid Assessment services. We accept all major credit cards (Visa, Master Card, American Express, Discover).
You will see the progress of the application on the left (desktop) or top (mobile) of your screen. The form is automatically saved as you progress through by clicking the “Previous”, “Save & Continue”, or “Save & Exit” buttons.
Depending on your application some or all of the following documents may be required.
- Copy of U.S. Individual Income Tax Return, supporting schedules, and business returns.
- 2021 IRS Federal Form 1040, Schedule 1, Schedule 2, Schedule 3
- 2022 IRS Federal Form 1040, Schedule 1, Schedule 2, Schedule 3
- Copies of W-2 Wage and Tax Statements.
- Copies of supporting documentation for household Nontaxable Income.
A complete list of required documents will be available once you have submitted your application along with instructions on how to upload your documents.
Family Service Program
Unexpected Financial Crisis Procedures
Further, the school reserves the right to audit applications for the need-based financial aid program by requesting a tax transcript for the prior year from the IRS. Information on the tax transcript can be found here.