Both prospective and current families may apply for financial aid through FAST.

Families apply using the Financial Aid Student Tuition (FAST) form. FAST has been upgraded to streamline and simplify the financial aid process for our families. This new process is intended to save time, reduce errors, and provide a more user-friendly experience.

Enhancements include a universal application link, ability to apply for multiple students that may be applying to multiple schools, optimization for mobile devices, and a direct pull of tax returns from the IRS with family consent. The cost to submit the application form is a non-refundable fee of $60. 

Prospective families will be notified of their award decision when they receive their daughter’s formal acceptance package to Merion. Families unable to meet the November 1 deadline for applying may be placed on a financial aid waiting list.

Yes, current families receiving financial aid are required to apply annually. Aid will only be applied to a student’s re enrollment contract if the renewal process is complete and the current year’s tuition/food accounts are current. 

No. A merit scholarship is based on specific achievements that a student has demonstrated. A student receiving a merit scholarship may still apply for financial aid.

Families apply online through Financial Aid Student Tuition (FAST), which is operated by Independent School Management. FAST analyzes the information provided on the application as well as the prior year's tax returns. The current year's tax returns will also be collected when they become available.

Financial need is defined as the difference between MMA’s tuition and the family’s ability to pay. The ability to pay is reported to MMA by FAST after FAST receives and reviews the application. Major factors affecting the family’s ability to pay include assets (including but not limited to home equity and retirement savings), liabilities, and family size. 

FAST also makes allowances for standard living expenses and taxes. In addition, MMA’s Financial Aid Committee offers input in these decisions.

Financial aid awards are made on a yearly basis. Families requesting financial aid are required to submit applications each year. Families are encouraged to inform the school if their financial circumstances change. Your initial financial package will remain the same unless your family circumstances dramatically change.

Financial aid applications and award data remain confidential within the Financial Assistance Committee. Likewise, MMA expects families to keep their awards confidential.