All financial aid at FRA is awarded based on demonstrated financial need – there are no athletic or merit-based financial aid awards at FRA. As with our peer schools, and as required by the TSSAA, FRA uses a third party, FACTS, to evaluate the financial ability of each applicant. Financial need is based on a combination of factors, including income, assets, family size, and expenses. To determine need, FACTS will require the most recent year’s federal tax returns and W-2’s. The Financial Aid Committee uses the estimate of need calculated by FACTS as a guideline in granting aid.