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Financial Aid

school shield in black and gold

 

FACTS Application

If you have any questions about the application process, please call the *FACTS at 1-866-315-9262, open 24/7*. The non-refundable application fee is payable by Visa, MasterCard, Discover, or American Express. The application fee will be billed to your credit card under the name of "Independent School Management (ISM)," the company which provides the FACTS application service.

 

Gwynedd Mercy Academy High School seeks to provide an affordable, Catholic, private, college-preparatory education to all of our families. We recognize that the primary responsibility for financing a student’s education rests with the family. Because of this, Gwynedd Mercy Academy High School is privileged to offer need-based financial aid to qualifying families, who could not otherwise afford to attend.

Dates

Prospective Families

To be considered for Financial Aid/Tuition Assistance, any prospective member of the Class of 2024 must submit a completed FACTS application with all supporting documents. The application will open on August 1, 2019 and must be submitted by TBD. If the applicant meets this deadline, decisions about financial offers will be communicated before the Confirmation Deadline.

Deadline for Applying for Financial Aid:          TBD
Deadline for Submitting 2018 Tax Returns:     TBD
Notification of Financial Aid Offer:                   Before Christmas 2019
Deadline for Submitting 2019 Tax Returns:     April 1, 2020

Current/Transfer Families

Deadline for Applying for Financial Aid March 15, 2019
Deadline for Submitting 2018 Tax Returns April 1, 2019 (including Class of 2023)
Notification of Financial Aid Decision May 2019

FACTS

The FACTS Grant and Aid Assessment program that we use, allows us to make data-driven award decisions based on financial needs. All information from FACTS remains confidential. Any interested or returning families must apply for financial aid each year using the online FACTS application(there is a processing fee). When filling out the application, please use your name as it appears on your tax return.

Click the FACTS online application link located at the top left-hand corner of the page. Complete the online application by the listed deadlines.

Financial Aid FAQs

Is financial aid automatically renewed each year?

Gwynedd Mercy Academy High School requires families receiving financial aid to reapply each year. All supporting documentation is required each year as well. Students receiving financial aid must be in good standing as stated in our financial policy.

What if I miss the financial aid application deadline?

Current families that miss the application deadline may not be considered in the first round of awards.

Who will have access to my financial statements?

All of the information related to the parents’ financial circumstances will be treated confidentially by the Financial Aid Committee.

What does financial aid cover?

Financial aid is applied to tuition only. Financial aid is not available for new student fees, activity fees, textbooks, uniforms, lunches, etc.

I am a divorced parent. Is my former spouse required to submit a separate application?

Gwynedd Mercy Academy High School believes that parents share the obligation to pay for the educational expenses of their children. It is the responsibility of the custodial parent to ask the non-custodial parent to complete the FACTS application. The Financial Aid Committee will consider the assets of both natural parents.

If I have an eighth grade daughter attending Gwynedd in the fall and applied for financial aid for her during the Admissions process, do I have to apply again for my other daughter who is attending Gwynedd as a sophomore, junior, or senior?

No, once you apply for the upcoming year, the only thing we require is your current tax return and documentation for the most recent year. This year they are due for all families before April 1, 2019.

Who do I contact at Gwynedd if I have additional questions?

Kimberly Dunphy Scott '84
kscott@gmahs.org

I have a 529 Account. May I use that money to pay for my daughter's tuition?

A new tax legislation includes an arrangement that allows 529 plan account owners to use assets to pay for qualified K-12 tuition expenses up to $10,000 per year, per student. Account owners can treat qualified K-12 withdrawals as qualified expenses with respect to the federal and Pennsylvania state tax benefits. For additional guidance on this provision, please consult a qualified tax advisor about your personal situation.