Financial Aid

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.

A – We annually invite all school families to apply for financial aid. The application is available online at https://online.factsmgt.com/signin/3W96G.

A – The amount of financial need for each family is determined by FACTS, an independent company that provides such information to schools across the country. All Catholic schools in the Archdiocese of Louisville use FACTS. All information supplied by the family to FACTS is confidential.

A – FACTS reports to the school a figure that is the “demonstrated need” for each applicant. The figure provided by FACTS is the amount of tuition assistance that the family needs to meet the tuition obligation.

A – FACTS uses a formula to determine need that includes data like household income, expenses, assets, liabilities, etc.

A – Income is based upon the previous year, as reported in the federal income tax return.

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.

A – During the 2016-17 school year, all financial aid recipients received 60 percent of their demonstrated need. Some applicants received zero because they had no calculated need. The most anyone received in financial aid was 60 percent of the tuition because FACTS found them to have 100 percent need. Sixty percent is what we were able to provide for all levels of need.

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.

A – Yes. We comply with the KHSAA rules. FACTS 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.