Financial Aid Application Process for Families of Prospective Students

New families applying for financial aid for the 2020-21 school year need to complete an online application and submit the necessary supporting documentation to FACTS Grant and Aid Assessment by Wednesday, January 15, 2020. Application materials are generally available after November 1.

Apply online
The following information is required by January 15, 2020 in order for FACTS to process your application:

1. Complete online application.
2. Payment of the $35 application fee to FACTS.
3. Copy of your Federal Tax Return for 2018 including all supporting tax schedules. Do not send copies of State Tax Returns.
4. Copies of supporting documentation for Social Security Income, Child Support, Unemployment, and Workers' Compensation. If you have Partnership Income or income from an Estate or Trust, call FACTS at 1-866-441-4637 to ascertain what additional documentation is required.

Also required:

Each of these items should be forwarded to FACTS as soon as it is available. This can be done after submitting your completed application; we understand that these items may not be available before the January 15 deadline. Do not postpone sending the items above, specified for January 15, until the items below are received as this will delay the processing of your application:

1. Copies of all 2019 W-2 Form(s) and 1099 Forms for both you and your spouse.
2. Copy of your 2019 Federal Tax Return including all supporting tax schedules.

Send all the required documentation directly to FACTS Grant and Aid Assessment rather than to Stone Ridge, using the download feature at the end of the online application. Alternatively, you may send your documents to FACTS via their secure fax line at 866-315-9264. Include a cover sheet addressed to FACTS Grants & Aid Assessment, and include your name and application ID code. Allow a minimum of two additional weeks for processing and submission to Stone Ridge.

Please prioritize submitting your 2019 W-2 and 1099 Forms as soon as you receive them. In many cases, Stone Ridge can make financial aid determinations using 2018 tax returns and these 2019 income documents, prior to receipt of your 2019 tax returns.

Additional Information:
Barring unusual circumstances, such as late application to the School, families applying for financial assistance must meet the above deadlines. Families of students currently receiving financial aid are given priority consideration in the first round of awards. Thereafter, awards are made on a first-come, first-served basis. No application will be considered until all requested items have been received. Families who miss the specified deadlines jeopardize their chance of receiving aid and may be placed on a waiting list.

Financial aid decisions are made independently of Admission decisions. Letters concerning financial aid awards are mailed on a similar schedule to that of admissions acceptance letters, or shortly thereafter.

All financial documentation is kept confidential and shredded when no longer needed.

If you have questions about the application process, you may speak with a FACTS Customer Care Representative at 1-866-441-4637 or visit https://factsmgt.com/contact-us/.

You may also contact the Stone Ridge Business Office:

Eric Osberg
Director of Finance & Operations
301.657.4322, ext. 1622
eosberg@stoneridgeschool.org

Susan Coffman-King
Payroll & Business Office Associate
301.657.4322, ext. 1600
scking@stoneridgeschool.org

Financial Aid Application Process for Current Stone Ridge Students

Families of current Stone Ridge students applying for financial aid for the 2020-21 school year need to complete an online application and submit the necessary supporting documentation to FACTS Grant and Aid Assessment by Tuesday, December 31, 2019. A new application is required each year for which assistance is sought. Application materials are generally available after November 1.

Apply Online

The following information is required in order for FACTS to process your application. Note that FACTS does maintain documentation from the prior year so the documentation you sent last year does not need to be resent.

Due December 31, 2019:

1. Complete online application.
2. Payment of the $35 application fee to FACTS.
3. Copy of your Federal Tax Return for 2018, including all supporting tax schedules. Do not send copies of State Tax Returns.
4. Copies of supporting documentation for Social Security Income, Child Support, Unemployment, Workers’ Compensation. If you have Partnership Income or income from an Estate or Trust, call FACTS at 1-866-441-4637 to ascertain what additional documentation is required.

Also required:
Each of these items should be forwarded to FACTS as soon as it is available. This can be done after submitting your completed application; we understand that these items would not be available before the December 31 deadline. Do not postpone sending the items above, specified for December 31st, until the items listed below are received as this will delay the processing of your application.

1. Copies of all 2019 W-2 Form(s) and 1099 Forms for both you and your spouse.
2. Copy of your 2019 Federal Tax Return including all supporting tax schedules.

Send all the above supporting documentation directly to FACTS Grant and Aid Assessment rather than to Stone Ridge School, using the download feature at the end of the online application. Alternatively, you may senb your documents to FACTS via their fax secure line at 1-866-315-9264. Include a cover sheet addressed to FACTS Grants & Aid Assessment and include your name and application ID code. Allow a minimum of two additional weeks for processing and submission to Stone Ridge.

Please prioritize submitting your 2019 W-2 and 1099 Forms as soon as you receive them. In many cases, Stone Ridge can make financial aid determinations using 2018 tax returns and these 2019 income documents, prior to receipt of your 2018 tax returns.

Additional Information:
Barring unusual circumstances, such as unforeseen job loss, families applying for financial assistance must meet the December 31st deadline. Families of students currently receiving financial aid are given priority consideration in the first round of awards. Thereafter, applications from families of both current and new students are reviewed on a first come, first served basis. Families who miss the December 31st deadline jeopardize their chance of receiving aid and may be placed on a waiting list.

Families of current students whose applications are complete usually will be notified in writing of Financial Aid decisions in February, 2020.

All financial documentation is kept confidential and shredded when no longer needed.

If you have questions about the application process, you may speak with a FACTS Customer Care Representative at 1-866-441-4637 or visit https://factsmgt.com/contact-us/.

You may also contact the Stone Ridge Business Office:

Eric Osberg
Director of Finance & Operations
301.657.4322 ext. 1622
eosberg@stoneridgeschool.org

Susan Coffman-King
Payroll & Business Office Associate
301.657.4322 ext. 1600
scking@stoneridgeschool.org

Tuition Payments using FACTS Management, Inc.

Parents have the option to pay their tuition and mandatory fees payments over a period of time, rather than all at once.* In order to do so, we partner with FACTS Payment Management, Inc. (Nelnet). which allows parents to pay twice a year or over ten (10) months. In using FACTS, parents agree to pay tuition and fees under the terms of a FACTS payment agreement. Payments must be made on time and cannot be changed or deferred except in extreme circumstances.  

*Auxiliary fees incurred during the school year, including but not limited to monthly Extended Day and Supervised Study costs, will be billed to parents directly; such fees will not be automatically added to FACTS plans unless they are prepaid annual or monthly fees.

If your family is new to FACTS, you will need to establish an account (“Agreement”) with them. A link to the FACTS website is provided below.   All new FACTS Monthly Plan enrollments must be completed by no later than March 20 for grades ECP2s through grade 12, or by August 20, for the Infant and Toddler program.

NOTE: Parents/Guardians currently using FACTS for a current Stone Ridge student need not re-enroll with FACTS each year, but may update information about their payment method, if necessary. If you have questions about FACTS, please contact Student Billing Manager Joan Burnes at 301-657-4322, ext. 1420.

FACTS online payment link: