| Financial Aid |
We invite all Trinity families to apply for tuition assistance. Since our founding, we have always tried to be as inclusive as possible. Offering tuition for those who qualify based on need keeps that aim alive.
Below is a list of Frequently Asked Questions about need-based financial aid. Contact Rob Saxton at 502.736.2145 if you have additional questions or would like more information. Q – What is financial aid? A - Financial aid is comprised of monies raised by the school to distribute to families who qualify for need-based tuition assistance. Trinity uses an outside vendor to evaluate the need of all families who apply for financial aid. Families must apply and qualify for aid. Q – Is the amount of aid granted consistent over four years? A – Not necessarily. Families are required to apply for aid each year their son is in school. The amount of aid awarded may change from year to year as family circumstances change. Q – Who may apply for financial aid? A – We annually invite all school families to apply for financial aid. We also send the financial aid application to all families who had a son take the Placement Test. The application is available online at www.trinityrocks.com under the “Admissions”, “Financial Aid” tabs. Q – Who determines whether I qualify for tuition assistance? A – The amount of financial need for each family is determined by Private School Aid Service (PSAS), an independent company that provides such information to schools across the country. All Catholic schools in the Archdiocese of Louisville use PSAS. All information supplied by the family to PSAS is confidential. Q – What information is supplied by PSAS to the school? A – PSAS reports to the school a figure that is the “demonstrated need” for each applicant. The figure provided by PSAS is the amount of tuition assistance that the family needs to meet the tuition obligation. Q – What are the factors used to determine "demonstrated need"? A – PSAS uses a formula to determine need that includes data like family income, expenses, assets, liabilities, etc. Q – What income basis applies for self-employed parents who experience no profit periods or high profit years? A – Income is based upon the previous year, as reported in the tax return. Q – Does PSAS use the same criteria for every school or does Trinity say what ours should be? A – The same formula is used for all schools; the only variable between schools is what the tuition charge is going to be. Naturally, a family would have different levels of need depending on the school their child attends if one school charges $5,000 and the other charges $10,000. Q – As a percentage of annual tuition, what is the least and most aid a Trinity student will receive this year? A – During the 2011-12 school year, all financial aid recipients received 65 percent of their demonstrated need. Some applicants received zero because they had no need as calculated by PSAS. The most anyone received in financial aid was 65 percent of the tuition because PSAS found them to have 100 percent need. Sixty-five percent is what we were able to provide for all levels of need. Q – As members of the Kentucky High School Athletic Association, are there rules Trinity must follow about tuition, financial aid and scholarships? A – Yes. The Kentucky High School Athletic Association, an organization we voluntarily belong to, has four rules that apply to tuition, financial aid and scholarships. First, we must use an agency approved by the KHSAA to determine financial need. Second, a student playing a KHSAA sport may not receive aid greater than their “demonstrated need.” Third, only an immediate family member may pay the student’s tuition. Finally, if a student playing a KHSAA sport receives a merit scholarship, the amount cannot exceed 25 percent of the tuition. Q – Does the school comply with these rules? A – Yes. We comply with the KHSAA rules. PSAS is an agency approved by the KHSAA for determining financial need. No family receives more than their “demonstrated need.” Five times a year we state in writing to our families who can pay their son’s tuition if he wishes to play a KHSAA sport. Annually, every family signs a form stating that they know and agree to follow all our school rules, including the tuition-paying rule. The only merit scholarships we offer (ones that you can earn) are for exceptional performance on the Placement Test. The amount of the scholarship awarded is far below the 25-percent KHSAA threshold.
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