Many families do not consider independent schools for their children due to the high cost of tuition. However, affording an independent school education is possible for families of all income levels. Therefore, at Grace, we believe that the cost of an independent school education should not be a deterrent to prospective families.
Financial aid at Grace Episcopal Day School is available to those families with students in kindergarten through 8th grade that qualify for assistance. Families currently receiving financial aid must submit a new application each year. Keep in mind that every award is individualized based upon the financial assessment of each candidate and is strictly confidential. And please understand that Grace Episcopal Day School may not be able to accommodate all financial assistance applicants in a given school year.
Frequently Asked Questions
How is financial need determined?
Our financial aid committee uses the confidential information that parents provide on the FACTS Grant & Aid application as a guide for determining awards. These awards are need-based and the family’s income, assets, debts, and number of dependents influence the award amount.
How much financial aid should I expect to receive?
Awards are based on each family’s circumstances. Our goal is to award financial aid, in some form, to all families that qualify. However, financial aid is not intended to cover 100% of the cost of tuition. Our expectation is that all families will contribute to the cost of their child’s education.
What if my financial situation changes?
Families must resubmit financial need information each year, which includes current tax returns and W2’s. If a family’s economic circumstance changes, the award may be adjusted.
Are decisions regarding admission and financial aid related?
The determination of admission to Grace is not determined by financial need.
Is there a repayment obligation if I receive financial assistance from Grace?
There is no obligation to repay financial assistance from Grace.
What if I am separated or divorced?
The assets of both parents will be considered when making financial aid decisions. A step-parent’s assets will also be considered. Both the custodial and non-custodial parent must complete both the online submission to FACTS Grant & Aid and submit a copy of their tax returns and W2’s.
If only one parent works outside the home, does this impact financial aid?
We realize some circumstances may make it difficult for both parents to work outside the home. So we offer the opportunity for families to explain extenuating circumstances on their financial aid form. Otherwise, if all children are in school, the expectation is that both parents are working.
What must I provide the school to be considered for financial aid?
- An enrollment contract signed by both parents
- The required enrollment fee for the upcoming year (the enrollment fee is refundable if the award does not meet the family’s financial need)
- A completed application through FACTS Grant & Aid
- Current 1040 tax form and W2’s for both parents
Are there other ways to pay for tuition, besides receiving financial aid?
Students entering kindergarten through 8th grade can apply for the Florida Tax Credit Scholarships, which are income-based and offered by Step Up for Students Scholarship and AAA Scholarship Foundation. Please visit their websites for income eligibility and an online application.