FINANCIAL AID GENERAL INFORMATION St. Francis Xavier School’s financial aid fund is generously provided by the Catholic Schools Foundation. Currently, financial aid is available for students in Kindergarten through Grade 4. It is the mission of Sacred Heart School to make our school available to all who desire a Catholic education for their children. This requires us to vigorously maintain the financial wellbeing of our school so that we can continue to provide the outstanding programs that we offer. We have a formalized financial aid application process with our tuition management program FACTS. Families with significant financial need who are seeking financial aid are able to apply on-line in a secure and confidential way. Each application will be reviewed based upon the documented financial need obtained through the application process. Anyone seeking financial assistance must complete the FACTS Grant & Aid application. FINANCIAL AID INFORMATION AND DEADLINES (Please be sure to also read the FAQ's that are found in the section below.) Financial Aid Applications for the 2022/23 School Year open: November 1st, 2021 (New and Returning Applicants may begin their 2022/23 Grant & Aid applications) Click here to apply! Application Deadlines: New Applicants: September 1st, 2022 Returning Applicants: June 30th, 2022 Notification: New Students/Applicants: The 2nd or 3rd Friday of each month beginning in April, 2022 - September, 2022 Returning Students/Applicants: Two weeks after your 2022/23 FACTS Grant & Aid application is completed AND verified. Correspondence from G&A comes from: [email protected] (Be sure to check spam and mark as safe sender if needed)FACTS Grant & Aid Customer Service: 1-866-315-9262 Sacred Heart Contact: Vicki Dromey, [email protected] St. Francis Xavier Contact: Mr. Murphy, [email protected] FREQUENTLY ASKED QUESTIONS How do I apply for need based financial aid? Applications are submitted through the FACTS Grant & Aid Assessment online application process. The application can be found at Welcome Grant & Aid Applicant (factsmgt.com). What documents do I need? Your most recent W-2(if applicable), 1040(tax return) and supporting documents. Depending upon your specific tax situation, additional documents may be requested and required. FACTS will let you know, via email, during your application process. It is highly recommended to have all of your tax documents readily available. Do I need to re-apply for financial aid if I have received an award in the past? Yes. All families must submit a new application each year. If the criteria is still met, your award(s) will be maintained. Will I be considered for or receive financial aid BEFORE I apply to St. Francis Xavier School? No. Financial aid applications are reviewed and considered for new students/applicants who have applied via our online application process for admission. Please use this link to apply (there is a $45 non-refundable application fee): St. Francis Xavier - Application If I am a new student, will my seat be held until I learn how much assistance I may receive? We understand that committing to a tuition contract for your child or children may be dependent on the amount of assistance you will receive. We will do our best to hold a seat for you, but enrollment cannot be dependent upon receiving financial assistance. When will I hear if I received financial assistance? New student Grant & Aid Applications may be started beginning November 1st, 2021. The school will then apply, on your behalf, during the first week of April 2022 - September 2022 (dependent upon available funds). We will inform new families of any financial aid award amount(s) approximately 1-2 weeks after we have submitted your application to Catholic Schools Foundation (during those April - September application opportunities). If you are not awarded enough financial assistance to make it affordable then you may withdraw your application. There is no penalty in withdrawing your school application. Returning student Grant & Aid Applications may be started beginning November 1st, 2021. Once they are submitted and verified, notification will be sent within 2 weeks of submission. Generally, notifications begin in March, as that is when most families start/complete their Grant & Aid application. How is need calculated? The primary analysis used for FACTS applications is need based analysis. This is where FACTS compares the family’s income and expenses to determine the level of financial assistance a family needs. The income after core expenses is what is left after the core expenses are subtracted. Core expenses would be those expenses that are necessary for the family such as housing, food, utilities, etc.. Extra curricular activities are not taken into consideration as they are not considered a "core (necessary) expense". We (the school) are also willing to hear about other extenuating circumstances. Examples would be, but not limited to, caring for an elder, unexpected home repairs or automobile costs, income loss due to COVID, etc. How will I receive my award? The award is applied directly to your FACTS tuition payment plan. All remaining payments will be adjusted to reflect the financial aid tuition reduction.