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Calvert School is committed to providing tuition assistance on the basis of family need. To assist in identifying families with financial need, Calvert utilizes the services of FACTS Grant & Aid Assessment to collect basic financial information.

Using FACTS' Grant & Aid Assessment as a guide, both Calvert School and FACTS prepare a need analysis that suggests the amount a family can contribute towards educational costs. Information gathered by FACTS provides the Calvert School Financial Assistance Committee with a starting point for determining how much financial assistance will be offered. It is important that applicants address all financial assistance documents with total disclosure and candor.

Families receiving financial assistance must reapply each year to maintain their assistance. Any significant changes in income may affect the amount of the grant.

Components of Consideration

  • Total family income
  • IRS forms and schedules
  • Number of children in family
  • Number of children attending tuition charging schools
  • Net worth
  • Number of cars, recreational vehicles, and boats
  • Discretionary expenditures

 

Statistics

  • 22% of our students receive tuition assistance
  • Grants range from 5% to 95% of tuition with an average grant of $9,300in 2011-12
  • Approximately $1,330,000 in tuition assistance was awarded in 2011-12

Although individual family financial circumstances differ, the following table illustrates the average family contribution per student by income level of students enrolled during the 2009-10 school year.

Gross Family Income Number of Students Average Family Contribution
Under $25,000 7 $1,900
$25,000 -$49,999 23 $4,413
$50,000 -$74,999 18 $7,989
$75,000 -$99,999 16 $9,525
$100,000 -$124,999 14 $10,109
$125,000 -$149,999 13 $10,925
$150,000 -$199,999 23 $15,229
Over $200,000 15 $14,293

In most cases, families earning greater than $125,000 have multiple children attending private school or college.

What to Do
To be considered for aid, all FACTS Grant & Aid Applications must be submitted by January 13, 2012 for returning Calvert Students, and by February 1, 2012 for new applicants. Please note that after the deadlines, all financial grants are awarded on an as available basis. Incomplete forms will not be considered.


How to Apply
Beginning on or about November 1st the FACTS Grant and Aid Assessment can be submitted online at https://www.factstuitionaid.com/FACTS/gaapp.
Applicants are required to submit the following documents to FACTS
• payment of the $25 application fee
• copies of your most recent tax forms, including all supporting schedules
• copies of your 2010 W-2 form for both you and your spouse and your 2011 W-2 when available
• copies of supporting documentation for Social Security Income, Welfare, Child Support and Workers’ Compensation
Any additional information or special circumstance the family would like to make known please contact the Financial Aid Committee by letter or by email.

To assist you in completing your application, please have the following information handy:
• prior year tax return
• other current financial information :
       -pay stub
       -mortgage statement
       -bank statements
       -car loans
       -credit cards, etc.
       -and a sample copy of the actual application.

On February 1, 2012, decisions on awards are mailed from Calvert School to all returning students who have met the deadlines above.  Decisions on awards to new applicants will be mailed on or about February 15, 2012.

Divided families
In case of divorce or separation, both parents with whom the student resides as well as the non-custodial parent should complete a FACTS application. The family’s ability to contribute is based upon both parents’ income and assets. In addition, Calvert School may request divorce decrees and child support documentation.

Late applications
Limited funds sometimes remain available after the initial awards have been offered in February. Families whose application for admission have been initiated after the above deadlines are encouraged to proceed with the required forms, although resources cannot be guaranteed and amounts at this time are likely to be reduced.

Incomplete applications
Incomplete applications will not be considered until all of the above criteria have been met and all pertinent information has been compiled.
 

Frequently Asked Questions

Q: Who may apply for financial assistance?
A: Any students who have been offered admission to Calvert School for the upcoming academic year or any current students enrolling Calvert School for the following academic year who are in good financial standing with Calvert School.

Q: Where and when do I obtain an application for financial assistance?
A: Families may apply online at https://www.factstuitionaid.com/FACTS/gaapp  beginning November 1.

Q: Is there a fee to apply?
A: Yes, FACTS charges a fee for their services.  The fee for the 2011-12 school year is $25.00.  Information regarding fees and instructions for filling out the appropriate forms can be found on the FACTS website.

Q: When should I apply?
A: Applications for the 2012 - 13 school year can be submitted online beginning November 1, 2011.  Applications received after January 13, 2012 for returning Calvert Students, and by February 1, 2012 for new applicants will be reviewed based upon availability of funds.

Q: May I submit an application after the deadline has already passed?
A: Yes, but funds are limited.  The Calvert School Financial Assistance Committee will review each application as it is received and dispense funds as long as they are available.

Q: How much financial assistance may I expect to receive?
A: If you qualify for the full amount of financial assistance available, you may receive a maximum of 95% of the
annual tuition.

Q: If my family income is $XX,XXX per year in income, do I qualify?  Should I bother filling out an application?
A: Each family situation is unique, and many factors are considered when assessing financial need.  Therefore, we are unable to make any determinations for eligibility until all documents have been reviewed.

Q: Is this a loan - does the money I receive have to be repaid?
A: Financial assistance received from Calvert School is not a loan; it does not have to be repaid.  Low interest educational loans are sometimes available to qualified families through private institutions.  In addition, Calvert School encourages eligible families to pursue outside funding opportunities.

Private School Scholarship Providers

  • The Abell Foundation
    111 S. Calvert Street
    Suite 2300
    Baltimore, MD 21202-6174
    phone: (410) 547-1300
    website: www.abell.org
  • Baltimore Educational Scholarship Trust
    808 North Charles Street
    Suite 200C
    Baltimore, Maryland 21201
    phone: (410) 752-2225
    fax: (410) 752-2249
    website: www.besttrust.org
  • Children's Scholarship Fund
    8 W. 38th Street
    9th floor
    New York, NY 10018
    phone: (212) 515-7100
    website: www.scholarshipfund.org

Student Loan Information
The following companies are NAIS corporate subscribers that offer K-12 tuition loan services: