Financial circumstances shouldn’t limit access to our unique educational experience. The need-based Tuition Assistance Program helps bridge the gap between the cost of attendance and what families can realistically contribute. Below are answers to common questions about our financial aid process.
Tuition Assistance 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 tuition assistance 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 Tuition Assistance Online
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 each plan's start and end date, 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 Tuition Assistance 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 can. The Tuition Assistance Program aims 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 Tuition Assistance 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 tuition 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 tuition assistance has no bearing on the admissions process. All admission decisions are made independently of tuition assistance decisions. However, families requesting tuition assistance should apply for both admission to the school and assistance 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 tuition assistance applications are completed and reviewed.
No tuition assistance can be determined until a student has been formally accepted to Olney Friends School.
Parents or guardians are encouraged to complete the FACTS Tuition Assistance Application by April 15th (for Fall admissions) if they expect 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 tuition assistance until a student has been formally admitted to the school and all necessary documentation has been received.
Olney Friends School allows families to appeal for their initial tuition assistance awards. If you believe circumstances warrant a review, we encourage you to contact our Business Office and explain the situation regarding your appeal. Please include any information and supporting documents that will allow our Financial Aid Committee to better understand and assess your situation.
No, but we accept external scholarships and 529 Education Fund payments. You can find more information on our Tuition & Financial Aid page.
Olney Friends School offers substantial tuition assistance awards to qualifying students each year, but we do not offer “full-ride” awards. All families are expected to contribute toward their child's education. Additional fees such as transportation, school supplies, living expenses, and insurance should also be factored into the expected annual cost.
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