Financial Aid FAQ
How many Edison High School families receive financial aid?
Approximately 25% of Edison families receive some level of financial aid.
Will it hurt our child's chances of being admitted if we apply for financial aid?
Edison follows a "need-blind" admissions policy. We do not take your family's financial situation into consideration when weighing your student's application for admission. However, admission is not a guarantee that you will receive financial aid.
Are the admission processes and financial aid processes combined or independent of one another?
The two processes are completely independent.
Is the financial aid application confidential?
All details contained within the financial aid application are held in confidence.
How is "demonstrated need" determined?The Edison financial aid committee contracts with FACTS. FACTS Grant & Aid Assessment is an independent, third party company that conducts financial analysis to determine your family’s financial need. They provide an assessment of the ability of each family to pay for tuition based on a number of factors: the family's online application; the parent's income and assets; tax returns; mortgages; debt; number of children; special circumstances; single income providers; etc. Edison receives a confidential report outlining your financial situation based on the information obtained in your application and supporting tax documents.
How do we apply for financial aid?
Complete the online application by accessing our Financial Aid page. A link to the financial aid page will be posted here in September 2019.
What is the deadline for the application process?
The financial aid deadline is mid-January 2020 for the 2020-21 academic year.
How and when will we be notified about admission and financial aid awards?
Admissions decisions and financial aid offers will be made in mid-March. Families must officially accept admission and financial aid offers in April.
Why do we have to supply such personal and confidential information? What happens if information is missing?
By supplying all information requested, FACTS can provide a more accurate assessment of the family's ability to pay for their student's education. If a family does not supply information requested, the application may be permanently stalled in the process, and the family may not receive any funding towards the student's tuition.
If we turn in our financial aid application late, is there any chance more funds may be available later in the year?
Families who apply after the deadline will not be eligible to receive financial aid.
What if parents are separated or divorced?
We take into account that both parents have a financial obligation to contribute to their child's educational expenses. FACTS considers the assets and income of both natural parents. If either parent has remarried, the income of the stepparent will be considered as well.
Is there a tuition discount for siblings?
We do not offer sibling discounts. The cost of sending multiple children to private school is taken into consideration when assessing a family's demonstrated need through FACTS.
Do I have to fill out an application each year that I apply for aid?
Yes, families must reapply for financial aid each year.
Does our family have to repay the financial aid?
No, financial aid is not a loan. However, we hope that recipients of financial aid will donate back to Edison High School, to help other students and families who have a similar need, if they are able to do so at any point in the future.