Financial aid is available to O’Neal students who are currently enrolled and to new students to whom enrollment has been offered. O’Neal strives to make it possible for all students who qualify for admission to attend. Each year The O’Neal School sets aside funds to provide need-based financial aid grants to students whose families demonstrate that they cannot afford to pay the full tuition from their own resources. A new financial aid application must be submitted each year in order to be considered for tuition assistance.
In determining a family’s eligibility for financial aid grants, O’Neal considers a need analysis provided by the Tuition Aid Data Services (TADS). This assessment takes into account taxable and non-taxable income, savings, assets, liabilities, family size, number of students in tuition charging schools, as well as any special circumstances. Much of the information requested is found on a family’s 1040 IRS form. More than 30% of students currently attending O’Neal receive financial aid. While O’Neal cannot meet the full need of every student, financial aid can help offset full tuition costs. Each family must contribute a minimum of 25% of tuition per board policy.
Prior to receiving any financial aid award, each applicant must complete The O’Neal School admissions process and be accepted to the school. (The admissions process and financial aid process can proceed simultaneously. However, no award will be made until the student has been admitted.) Financial aid is awarded independently of the admissions process and is based solely upon financial need and availability of funds.