Affordability

The Variable Tuition program is based on a confidential financial assessment to determine a family’s estimated ability to contribute to Saint Edward’s School tuition. Saint Edward’s School utilizes the nationally standardized system provided by FACTS Grant & Aid to determine a family’s calculated expected contribution. A small and completely confidential Committee will use the report generated by FACTS to determine whether Variable Tuition will be granted, and if so, in what amount. Funds granted by the Tuition Assistance Committee are grants that do not need to be repaid.

The deadline to complete the application for Variable Tuition is November 1 for returning students and January 15 for new applicants. Returning students will be considered first as long as all deadlines are met. Subsequently, new applicants who have successfully completed the admission process and have been accepted by the Admission Committee will be considered by the Variable Tuition Committee. The admission process is completely separate from the Variable Tuition process. New families must submit an admission application before applying for Variable Tuition. Applying for Variable Tuition will not affect a child’s application for admission.

You must submit an application and upload supporting material to the nationally recognized third party administrator FACTS Grant & Aid, which can be done at any time during the application process, preferably concurrent with your admissions application. Please be assured that all information provided to FACTS and Saint Edward’s School is kept strictly confidential.

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1. Create a FACTS account or login to your existing account.
2. Submit and upload required documentation by November 1 for returning families and January 15 for new applicants. 

Yes. Priority is given to re-enrolling families. We understand that family circumstances may change.  If all factors remain the same, families can expect that their Variable Tuition rate will be similar to the prior year, while recognizing that factors such as annual tuition increases and changes in grade level tuition rates may impact the amount of each family's contributions. Qualification for and the exact amount of Variable Tuition must be applied for, evaluated and determined annually.

Please note that an application for Variable Tuition and the subsequent report from FACTS Grant & Aid does not guarantee any specific modification to tuition rates, rather it gives the Committee a guide to use when determining how much, if any, assistance will be offered to a family. A student may be admitted to the school but placed in a waiting pool for Variable Tuition. It is recommended that families apply for Variable Tuition as early as possible but with a fixed budget and guided by enrollment needs and school policies, not all qualified applicants will receive a Variable Tuition rate.

FACTS Grant & Aid will perform a detailed analysis of the following items to calculate a family’s expected contribution to tuition.  Some of the factors considered are annual household income, assets, mortgage/rent and other debt payments, and the number of people in the household. Applicants to Saint Edward’s School must have been accepted in the admissions process in order to be considered for Variable Tuition.  Returning students must remain in good academic standing and be current with their financial obligations to Saint Edward’s School to be considered for Variable Tuition.  

The Variable Tuition Committee makes decisions based on demonstrated need and will need to consider lifestyle choices made by families including multiple homes, boats, cars, travel and club memberships. In the case of two-parent families where only one parent works, and if there are no dependent children or parents at home, the Committee will impute an annual income of $30,000 for the non-working parent unless special extenuating circumstances are shown in the application. Awards granted do not apply to uniforms, lunch, transportation and other discretionary charges.  

Variable Tuition only applies to students in kindergarten through 12th grade.  If you only have children applying to Little Pirates or
PK4, you should not apply for Variable Tuition. Please note that students in older grades and in grades with space may receive more priority for Variable Tuition grants.

Both parents are responsible for tuition. Both parents will need to complete the application separately. Parents will not be able to see each other’s information.

No. These are two separate and distinct processes. Only students who have been recommended for admission to Saint Edward’s School will be considered for a Variable Tuition grant.

No.  Class sizes are determined by administration prior to and separately from determinations of Variable Tuition grants.  It is possible for a student to be placed in both an Admission wait pool and Variable Tuition wait pool.

The School will assume that families requesting Variable Tuition are also applying for one of the Step Up for Students (SUFS) scholarships. Any subsequent SUFS scholarship award will be credited to your FACTS account when it is received. If you are denied or otherwise unable to secure a scholarship through SUFS, you may request reconsideration of your Variable Tuition award. 

• For questions related to your application for Variable Tuition, contact FACTS Grant & Aid Customer Service: (866) 315-9262 or https://factsmgt.com/support/.
   
• For tuition-related questions specific to Saint Edward’s School, contact studentbilling@steds.org.
   
• For questions related to the final determination of your family’s Variable Tuition rate or to appeal the original grant due to changes in circumstances, contact Mara Slattery.