What is Financial Aid? Financial aid is based solely on a family’s financial need. Students must have a 2.0 GPA.
When do I apply? Alverno uses FACTS Management (
www.factstuitionaid.com). Please send your application, tax return, and W2 with the required fee no later than January 17. If you wait until after your daughter is accepted, you will be too late.
Why so early? It takes about four weeks for FACTS to process and send us your report.
Where do I get this form? The quickest and easiest way is to apply online through
www.factstuitionaid.com. Have your credit card ready. You will be asked to submit your most recent tax return and W2. Do this ASAP.
What happens if I file late? Financial aid deadlines are very important. If the Scholarship and Financial Aid Committee does not have your information when it meets in early March, you cannot be considered. There are rarely any funds left after the first round of financial aid awards is made.
How much is the average award? Grants usually range from $1,000 to $2,000.
What is this FACTS company? Do they supply the money? FACTS Management analyzes your application and tax return and sends us a report estimating how much you can afford for tuition. All financial aid funds come from Alverno—FACTS is only a processor of financial information.
Can I get a copy of the FACTS report? Yes. You can request a copy be sent to you as well as to Alverno.
Families must demonstrate need through the FACTS Parents' Financial Statement. No financial aid can be given to families who have not completed this process.
- FACTS prepares a financial report for participating schools. It does not supply funds.
- Financial aid is awarded at the time of admissions notification. It is vital that families submit their FACTS forms on time. If we do not have your completed financial information when the Financial Aid Committee meets, you cannot be considered for financial aid.
- Families must reapply for financial aid each year. If you daughter has a GPA above 3.0, she is encouraged to apply for a scholarship!
Renewing Your Financial Aid
We want to renew your financial aid. Here’s what you have to do in order for that to happen:
- Financial aid is renewable, but families must reapply every year through FACTS (www.factstuitionaid.com). The application must be filed no later than January 17 in order to be received on time.
- Families must demonstrate continued need.
- Both parent and student service hours must be completed and turned in by the May 1 deadline. There will be no extensions.
- The student must have a minimum GPA of 2.0. and a clear disciplinary record
Questions? Please call Candace Siegle, Director of Admissions, at (626) 355-3463 x 235, or email her at
csiegle@alverno-hs.org.
