APPLY FOR FINANCIAL AID

Please Note: Montverde Academy has chosen to use a new third-party vendor, FACTS Grant & Aid Assessment. The link to FACTS will become active on Oct 1, 2024, for the 2025-2026 school year.

New Applicants for grades 6-12: Families wishing to apply for financial aid MUST complete both the FACTS application and the Admission Process at the same time. Your admission decision and the result of the financial aid review will be revealed when receiving an admission decision.

Current / Returning Families of students in grades 6-12: The strong deadline for completing the FACTS application, including uploading of any required documents is Tuesday, December 31, 2024.

Please note that re-enrollment materials will be available in December. Do not complete your re-enrollment until you receive the financial aid results. The deadline to re-enroll is January 31, 2025.

Helpful resources before you apply:

Complete These Steps to Apply for Need-Based Financial Aid

Access FACTS at Signin (factsmgt.com) and read the welcome page.

Domestic Based Families who file Tax returns in the United States of America:

  1. Begin by setting up a new account (if needed).
  2. Answer the guided questions carefully to make sure you are accurate.
  3. The question that asks if there is a co-applicant must be checked YES if:
    1. You are married and both parents of the student reside in the home.
    2. You are a single parent, separated or divorced, both parents must complete their own application unless there is a court document stating one parent is not responsible for providing funds to the child.
  4. Once you have completed your application, you must upload documents directly to FACTS:
    1. IRS Federal Income Tax Return, including all supporting schedules (the year of the tax return depends on the tax requirements of your school). If applicant and co-applicant file separately, we require both tax returns for the same tax year.
    2. 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.
    3. Copies of all supporting tax documents if you have business income/loss from any of the following:
      1. Business – send Schedule C or C-EZ and Form 4562 Depreciation and Amortization
      2. Farm – send Schedule F and Form 4562 Depreciation and Amortization
      3. Rental Property – send Schedule E (page 1)
      4. S-Corporation – send Schedule E (page 2), Form 1120S (5 pages), Schedule K-1 and Form 8825
      5. Partnership – send Schedule E (page 2), Form 1065 (5 pages), Schedule K-1 and Form 8825
      6. Estates and Trusts – send Schedule E (page 2), Form 1041 and Schedule K-1
  5. Additionally, you must upload the following documents as proof of current income:
    1. Three months of current pay stubs (earnings statements) for each parent or partner.
    2. If the co-applicant has completed their own application, they must upload their own documents including pay stubs.

International Based Families who file Tax returns in another country:

  1. Begin by setting up a new account (if needed).
  2. Answer the guided questions carefully to make sure you are accurate.
  3. You will be asked for a Social Security number and if you do not have a US Social Security number, please enter 9 random digits until the number is accepted.
  4. The question that asks if there is a co-applicant must be checked YES if:
    1. You are married and both parents of the student reside in the home.
    2. You are a single parent, separated or divorced, both parents must complete their own application unless there is a court document stating one parent is not responsible for providing funds to the child.
  5. Additionally, you must upload the following documents as proof of current income:
    1. Three months of current pay stubs (earnings statements) for each parent or partner
    2. If the co-applicant has completed their own application, they must upload their own documents including pay stubs.
    3. A letter from each parent’s (partner’s) employer stating current yearly income in USD.
    4. If you own your own business, you must upload statements indicating income from the business. These are typically in the form of bank statements. Please have them translated into USD.

Additional Information:

  • FACTS will communicate with applicant via email, regarding your application so please be sure to check your spam or junk emails.
  • FACTS will inform applicant know when your application is complete and ready for review. They will also let applicants know what is missing.
  • The Financial Aid Committee will review the application once complete and will let applicant know the result as follows:
    • Current / Returning families will find their financial aid letter in their re-enrollment materials. Please keep checking to make sure you do not sign your re-enrollment materials until your result has been entered.
    • First time applicants to Montverde Academy will receive the financial aid result in their enrollment materials should their child(ren) be accepted.

If you have any questions about the process, please contact the Director of Financial Aid at sue.tortora@montverde.org.

For questions regarding issues with the FACTS application, please contact FACTS customer service at US: (866) 441-4637. This line is open 24 hours for assistance.

How to access FACTS:

VISIT: https://online.factsmgt.com/signin/3V6PM

 
* FACTS requires a fee of $45.00. The application fee is non-refundable. There are no fee waivers or vouchers available.