Financial Aid Frequently Asked Questions  (FAQ’s)

 

1.  What happens if I re-enroll after April 1, 2012?

ALL returning students who re-enroll after April 1, 2012, will incur an additional $250 per student enrollment fee.  This is a fee and will NOT be applied toward your tuition.  

 

New Students will not incur an additional fee.

2.  How do I apply for Financial Aid?

Applying for the First Round of Financial Aid, Due March 14, 2012

1. Complete the online FACTS application

2. Submit the following to FACTS:

 

a. Completed and Signed 2010 Tax Return Form 1040 or similar

b. 2011 W2s

c. 3 months of complete bank statements for December, 2011, January and February, 2012

d. 3 months of complete credit card statements for December, 2011, January and February, 2012

e. Completed and signed FORM 8821

Applying for Second Cycle of Financial Aid, Due April 30, 2012:

1. Complete the online FACTS application

2. Submit the following to FACTS:

 

a. Completed and Signed 2011Tax Return Form 1040 or similar

b. 2011 W2s

c. 3 months of complete bank statements for January, February, March, 2012

d. 3 months of complete credit card statements for January, February, March, 2012

e. Completed and signed FORM 8821

3.  What happens if I miss the first cycle of financial aid awards?

You will need to provide the committee with your 2011 Tax return, your bank statements and credit card statements for the month of March 2012, and all other missing items.

4.  What are my options if I miss both cycles of Financial aid awards?

One may still apply, but there may be limited money to award. There is also no time frame for the decision.

5.   Are there any circumstances under which my $500 Tuition Deposit would be refunded?

Tuition Deposits are refundable to both new and returning families under the following circumstances:

 

1. You will receive a full refund of the tuition deposit if your family moves from the Houston area prior to August 1, 2012.

 

2. You will receive a full refund of the tuition deposit if it is determined that your child requires a special needs program that we cannot provide; or your child is asked to leave the school for any other reason.

 

3. You will receive a 50% refund of the tuition deposit if you do not accept the terms of the financial aid agreement.  

 

6. What is Minimum Tuition?

RMBA requires a minimum tuition amount per child. This is the lowest amount of tuition that must be paid for each attending child. There is a different set amount for each grade.  There are no full scholarships to RMBA.

7. Is there Financial Aid for Extended Day?

Financial Aid is not available for Extended Day.

8. Is there Financial Aid for the Learning Specialist or Resource Room?

There is Financial Aid available for these special educational services. Once your principal has informed you that your child requires special educational services you should meet with the Business Manager to discuss paying for the services.

8. How does a family know if they qualify for Financial Aid?

If a family thinks they will need Financial Aid, they should apply after being accepted into the school and completing enrollment. Providing firm guidelines to help a family decide whether to apply for Financial Aid is difficult, because each family's combination of circumstances is different. Awards are based on many different factors, including family income, assets, and extended-family support.

9. Is there a cost to apply for Financial Aid?

RMBA uses an online company called FACTS to gather each family's Financial Aid information. FACTS collects a $25 fee per family. RMBA does not charge any additional amount.

However, it is required to enroll in the school ($500 per child in the form of a Tuition Deposit) prior to applying for Financial Aid.  50% of the Tuition Deposit is refundable should the family be unable to accept the terms of the Financial Aid decision.

10. Who sees the Financial Aid information that we submit?

The Financial Aid Committee processes all applications with the utmost respect for the privacy of each family making an application. All information submitted is confidential.

11. Who do I contact if I have further questions?

To determine if your application has been received, please contact the RMBA Business Office, 713-723-7170 x 225.

 

To directly contact the financial aid committee, please email This e-mail address is being protected from spambots. You need JavaScript enabled to view it