Financial Aid & Scholarships

Financial Aid is a priority because of students like Jupiter and Orion. Here is their story.

Our school is very fortunate to have funds contributed each year for tuition from foundations, corporations and individual donors who care deeply about our students and support our mission. 
We encourage all families who feel they may qualify to apply. 
 
Over $829,650 was appropriated to families for the current school year. This represents  120 students (34%), with an average award of $6,500 per family.

Assets uses TADS to determine a family’s ability to pay tuition. The committee considers total income, expenses, assets, liabilities and number of dependents in its analysis of a family’s ability to finance their child’s education. Grants are awarded annually and renewable each year.  Note: An application for admission must be completed before the  financial application will be considered.

Financial Assistance applications are accepted until funds are no longer available, and are appropriated in 3 rounds:
Round 1 is intended for students who are returning to Assets School.
Rounds 2 and 3 are for new students and for returning students who missed the Round 1 deadline.

Deadlines:

Round 1 Deadline:  March 8th             Notification of decision via mail:  Late April
Round 2 Deadline:  May 10th               Notification of decision via mail:  Late June
Round 3 Deadline:  June 14th             Notification of decision via mail:  Late July

How to Apply

Complete your online application through TADS


 1. Complete the Online Application: TADS Application
Note: For divorced or separated families a separate application is required from each parent.

Use this Worksheet to assist in completing your online application:  TADS Worksheet

Submit your online fee and pay the $42.00 application fee.
(If you have questions please call TADS support line at (800-477-8237).

If you have questions or concerns, please contact the Business Office at:
Phone: (808) 423-1356
E-mail: BusinessOffice@assets-school.net

Upload the required documents

Upload the following required documents to the TADS website:

  •  Copies of all W-2s and Form 1099s for the tax year 2018
  •  Copy of your full and complete 2018 signed Federal Income Tax Return -include all filed schedules and attachments
  • End of year (2018) pay stub if applicable
  • Copy of your most current Mortgage statement
  • SNAP/Housing benefit statement

  • Non-Custodial parent PFS and corresponding documents.

 If you have trouble uploading documents please contact TADS help line at 800-477-8237. If TADS is unable to help you, please  contact the Business Office at 440-3602 or businessoffice@assets.net.

Accept your Award

 Applicants will be notified of the Committee’s decision by email:
Round 1: Late April      Round 2:      Late June   Round 3: Late July

Parents acknowledge acceptance of the financial aid award by returning a signed copy of the financial aid award letter to the Business Office either by email or in person.

Frequently Asked Questions

What amount of Financial Assistance can I expect to receive?

The size of the award depends on a variety of factors including income, assets, debts, special situations, number of students attending independent schools, and assistance from other sources. The assets and earnings of both parents will be considered in determining award amounts. No full tuition awards are granted.  Every family is expected to contribute financially to their child’s education.

Financial assistance is based on a family’s financial circumstances at the time of application. In the event financial assistance is obtained from any other source, Assets has and does reserve the right to reconsider any tuition assistance grant.

Who makes Financial Assistance decisions?

Financial Assistance applications are processed by the Business Office and reviewed by the Financial Assistance Committee.  Information provided in the application process is strictly confidential.  The admission process and the tuition assistance process are done separately.

 

What is the income threshold needed to qualify for Financial Assistance?

Income is just one of several factors considered.  Assets school considers a family’s total income, expenses, assets, liabilities, and number of dependents in its analysis of a family’s ability to finance their child’s education.

The size of each award is proportional to need, and is also weighed against the number of families applying for assistance.
 

Do you offer scholarships?

Assets School participates in a special partnership with Kamehameha Schools for gifted and capable haumana (students) in Kindergarten through Grade 12. 

Aukahi Ka Muliwai  
 

How does the Financial Assistance process work for divorced or separated parents?

  • The Hawaii Association of Independent Schools (HAIS) and Assets School believe that a student’s education is the responsibility of both parents.  Parents who are divorced, separated or have never been married must make full financial disclosure before any tuition assistance award will be considered.
  • Exceptions are made for a parent who has not been in contact with the student for more than 5 years and who has not been authorized by the custodial parent to receive communication from the school.  Otherwise, Financial Assistance applications are required of both parents and may be submitted separately to the Business Office.
  • If a parent has remarried, the stepparent’s income and financial situation are taken into consideration when determining the Financial Assistance award. 
  • The award is made to the student, not to individual parents.  One letter is generated for the custodial parent with a copy given to the second parent.  If the student’s tuition is split between two parents, arrangements may be made with the Business Office to distribute the Financial Assistance award proportional to each parent’s financial obligation.  This arrangement must be finalized before the invoices are generated for FACTS (payment processing service).