Affording EDS

Financial Assistance

We understand that many EDS families choose to realign their lifestyles in order to put their child’s educational needs first. Therefore, in the belief that no qualified student should be denied enrollment due to financial restraints, we provide need-based Financial Assistance.

Recipients of Financial Assistance are expected to abide by the same academic and conduct standards of all other EDS students. To remain eligible for Financial Assistance, families must apply annually, and students must continue to demonstrate financial need and maintain good standing in both academics and conduct. Positive and constructive relationships between parents and the school must also exist throughout the year. Applying for Financial Assistance does not affect one’s chances for admission; applicants are accepted without regard to a family’s financial situation and without discrimination on the basis of race, nationality, or ethnic origin.

In order to qualify for Financial Assistance for the next school year, a family must be current with their student account balance throughout the year.

Please note: we do not accept the McKay Scholarship Program or Step Up for Students scholarships.

Policy

Financial assistance applicants will apply and submit all documentation to FACTS Grant & Aid. Documentation required are 2017 W-2s, 2016 1040 tax returns, 2017 end of year pay stub and 2017 1040 (once completed). 2017 1040s with all schedules are to be submitted by April 1. 2018/19 financial assistance awards are not final until the application is verified with 2017 documentation.

All custodial parents are required to submit their documentation to complete the application.

Waiting List

Usually there are applicants for assistance demonstrating more need than there are funds available. If there is unfunded need, the school will disburse if more funds become available in the year.

Apply for Financial Assistance

Divorced or Separated Parents?
Both parents may submit separate online applications, including the required tax documentation. Personal information will be strictly confidential. Fifty percent of financial responsibility will be assumed by each parent unless otherwise legally documented. EDS may request additional information from all parties and reserves the right to review on a case-by-case basis.

Family Who Owns a Business?
All parents who own a business are required to furnish information relevant to the business to substantiate need, such as balance sheets and cash flow statements.

Parents Who Do Not Work?
EDS presumes that all adult family members will work to contribute to the investment of the child’s education. To that end, when the mother or father chooses not to work and there are no preschool children at home, or is a full or part-time student, EDS will impute an annual income for the non-working parent. Exceptions may be made if the parents are caring for a disabled child, parent, or grandparent, or critically ill child, parent, or grandparent.

Deadlines

Returning Students
Visit FACTS to submit applications and documentation online for the 2019/2020 school year. By April 1, 2019 all applicants must submit 2018 W-2s and Income Tax Returns with all schedules to FACTS.

New Students
Parents of new students should contact the Business Office early in the admissions process to discuss affordability and financial assistance. Annual online application for assistance is required at FACTS.

Financial Assistance Awards FAQs

Financial assistance awards are based on need demonstrated by modeling the financial information you submit. EDS uses FACTS Grant & Aid, part of the RenWeb/Nelnet/FACTS family of companies, the leading company in educations support.

Need is determined by taking into account many factors, including income, expenses, assets and liabilities of the student and the parents, as well as the number of children attending tuition-charging schools. College funds and student trust funds are considered assets. Ultimately the formula seeks to determine a family’s discretionary income — the income over which a family has a choice as to how it is spent.

The Financial Assistance Committee does not consider elective expenses (such as secondary home ownership, club memberships and expensive automobile leases/purchases) when determining eligibility for assistance. Typically awards are a percentage of the demonstrated need. EDS reserves the right to amend awards if new information comes to light at a later date.

Awards are considered final only when all required information is received by FACTS and the Business Office receives the signed Financial Assistance Agreement.

Yes. All financial information submitted by parents is held in strictest confidentiality by the Financial Assistance Committee.

For more information about financing an EDS education, please contact our Director of Finance and Operations at 850-434-6474.