Frequently Asked Questions About Financial Aid at Olney Friends School

Financial Aid at Olney Friends School is awarded based on demonstrated need. Olney uses FACTS Management System, a third party resource, to help determine a family’s financial need.

All families applying for need-based financial aid will be required to use the FACTS system.

To begin your application or make a payment, visit the FACTS website.

Simple Steps to Enroll in a Payment Plan or Apply for Financial Aid Online

1. If you have an existing Tuition Payment Plan through FACTS and have already created a user account, please enter your existing username and password and click “Sign In”. If you are a New FACTS User please select “Create username & password”.

2. Then click on the Set Up a Payment Plan link or Start Application for Financial Aid.

3. Select the appropriate school year.

4. Complete the steps as prompted.

Enrolling in a FACTS tuition payment plan allows you to select a payment option that best suits your financial needs. The plans listed below are offered by your school. Depending on the start and end date of each plan, they may not always be offered.

Monthly Payments:

Spread your tuition balance over monthly installments.

Payment Methods Offered: Credit Card, Automatic Bank Draft

Semi-Annual Payments:

Pay your tuition in two installments.

Payment Methods Offered: Credit Card, Automatic Bank Draft

Payment in Full:

FACTS is a quick, secure method for paying your tuition balance in full.

Payment Methods Offered: Credit Card, Automatic Bank Draft

The financial aid program at Olney Friends School is guided by our belief that parents have an obligation to pay the educational expenses of their children to the extent that they are able. The purpose of the financial aid program is to fill the gap between the actual cost of a year’s tuition and what a family can realistically be expected to pay toward this cost.

Need-based financial aid is determined in part by the following factors: liabilities, assets, gross taxable and non-taxable income, family size and the number of students in tuition-charging schools or colleges. Allowances are granted for life’s necessities and required taxes, then the remaining funds are considered available for education on a sliding scale. Olney Friends School does not provide need-based financial assistance to offset the cost of recreational or lifestyle expenses (vacations, second homes, etc.) that could have otherwise been allocated toward education.

Applying for need-based financial aid has no bearing on the admissions process. All admission decisions are made independently from financial aid decisions. However, families requesting financial aid should apply for both admission to the school and for aid as early as possible.

Olney Friends School offers competitively generous funding packages to qualified, accepted students, but funds are limited and will often be awarded in the order in which aid applications are completed and reviewed.

No financial aid awards can be determined until a student has been formally accepted to Olney Friends School.

Parents or guardians are encouraged to complete the FACTS financial aid application by April 15th (for Fall admissions) if they are expecting to qualify for need-based assistance. Families are welcome and encouraged to apply for admission and aid after this date, but applying early will help ensure the availability of funds.

Olney Friends School will not provide any financial aid awards until a student has been formally admitted to the school and all necessary documentation has been received.

Olney Friends School does allow families to appeal their initial aid awards. If you believe circumstances warrant an aid review, we encourage you to contact our Business Office and explain the situations regarding your appeal.  Please include any information and supporting documents that will allow our aid committee to better understand and assess your situation.

Yes. Scholarships are available to students formally accepted to the school. You can find more information on our Tuition & Financial Aid page.

Each year, Olney Friends School offers substantial financial aid awards to qualifying students, but we do not offer “full-ride” scholarships or aid awards. All families are expected to make a contribution toward the education of their child. Additional fees such as transportation, school supplies, living expenses, and insurance should also be factored in to the expected annual cost.