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Engaging Minds. Building Futures. 

Need-Based Tuition Assistance

While every family is expected to contribute to the cost of education at Salisbury Academy, a limited amount of need-based tuition assistance is available. In order to assess what a family can reasonably afford for educational costs, Salisbury Academy enlists the guidance of FACTS Grant and Aid, an objective and independent third party. FACTS calculations provide a baseline for our adjusted tuition rates, but we also take into consideration our school's policies and the resources available for both re-enrolling and prospective families.

FACTS makes quality education affordable for families by assisting schools in awarding financial aid. We work with schools to create a custom application and collect financial data so that schools can make accurate award decisions based on financial need.

After completing the online application, you will need to upload all required supporting documentation.

2022-23 Tuition

 
Grade     Tuition Range
JK           $2,463 - $9,850
K             $2,713 - $10,850
1-2          $2,950 - $11,800
3-4          $3,125 - $12,500
5-6          $3,200 - $12,800
7-8          $3,238 - $12,950
 
 

The following supporting documents are required to complete the application process:

 

Federal Income Tax Return, including all supporting schedules. If applicant and co-applicant file separately, we require both tax returns for the same tax year.

Copies of all the current year W-2 Wage and Tax Statements for both the applicant and co-applicant. NOTE: If you are applying before you have received all the current year W-2 Wage and Tax Statements, please submit them as soon as they become available.

Copies of all supporting tax documents if you have business income/loss from any of the following:

Business - send Schedule C or C-EZ and Form 4562 Depreciation and Amortization
Farm - send Schedule F and Form 4562 Depreciation and Amortization
Rental Property - send Schedule E (page 1)
S-Corporation - send Schedule E (page 2), Form 1120S (5 pages), Schedule K-1 and Form 8825
Partnership - send Schedule E (page 2), Form 1065 (5 pages), Schedule K-1 and Form 8825
Estates and Trusts - send Schedule E (page 2), Form 1041 and Schedule K-1
 

IMPORTANT: If you file a tax return but do not have W-2 wages because you are self-employed, you will be required to submit a copy of your current year Federal Form 1040 Tax Return.

Copies of all supporting documentation for household Non-Taxable Income such as: Social Security Income, Welfare, Child Support, Food Stamps, Workers’ Compensation, and Temporary Assistance for Needy Families (TANF). If you do not file a tax return, you are required to provide documentation of all income received.

In addition to the items above, you will need to know your detailed monthly and annual household and living expenses.

All documentation received is imaged upon receipt and then destroyed. You may log in to your FACTS user account to review the status of your application. Please allow 2 weeks processing time before inquiring further about receipt and/or status of the uploaded documents. If you are applying after the deadline, contact your school to ensure that your application will be accepted. A non-refundable application fee of $35 will be required before your application will be submitted.

Need-Based Tuition Assistance Timetable

 
Current Families:
 

October 1, 2022 — FACTS Grant and Aid application is open to parents of students who currently receive need-based tuition assistance and current families wishing to apply for tuition assistance for the 2023-24 school year.

December 1, 2022 — Deadline for current families to submit your application and provide all necessary documentation.

January 2023 — Board of Trustees announces 2023-24 tuition rates. Families that submitted all documentation by the deadline will receive a personalized tuition summary with your eligibility decision by mail to your home address.

February 14, 2023 — $500 Enrollment deposit is due to confirm enrollment for the 2023-24 school year.

New Families:

For new Salisbury Academy families, the application for admission is separate from the application for need-based tuition assistance. While both processes may occur simultaneously, awards for tuition are made only after an offer of enrollment has been made. The application for need-based tuition assistance for new families will open for the new school year in mid-February.

Confidentiality Statement

 

Salisbury Academy will treat all financial information provided by families as confidential. Only those persons directly involved in the financial aid decision-making process or in its administration will review this information. Awards of need-based tuition assistance are an agreement between the family and Salisbury Academy to pay a reduced amount of the full tuition rate.  This agreement should not be discussed publicly or among your peers and any breach of this could result in forfeiture of the award.

 

 

 

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