Tuition/Tuition Assistance

 

Tuition and Fees

2014-2015 Tuition and Fees

Upper School (9-12)

Middle School (6-8)

Application Fee

$60

$60

Tuition

$22,200

$21,175

Reservation Deposit *

$1,000

$1,000

Additional charges vary by grade.

A used book and uniform sale sponsored by the Oakcrest Parent Association (OPA) is held in the spring.

 

 

            

*The enrollment contract must be accompanied by a non-refundable Reservation Deposit that will be credited toward the total tuition fee. Families applying for tuition assistance need only submit a deposit of  $500.

Tuition Assistance

Making an Oakcrest education available to as many deserving students as possible is important to the School. A limited amount of tuition assistance is available and is awarded annually based upon need. The deadline to apply for tuition assistance is February 19, 2014.

Tuition Insurance

Oakcrest School offers a Tuition Refund Plan for an additional fee.

FACTS  Payment Plan

To create a new FACTS Payment Plan or to log in to your existing account, please click here.

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The FACTS payment plan enables families to pay all of the annual tuition (minus the $1,000 Reservation Deposit) in monthly installments without interest charges.

Oakcrest Tuition Assistance Policy

Oakcrest operates under a need-blind admission policy and is committed to providing access to qualified students regardless of their financial need. Oakcrest Tuition Assistance is intended to provide access to an Oakcrest education for qualified students who might otherwise not be able to attend because their household financial situation does not support payment of full tuition.

  • Oakcrest seeks to fully fund demonstrated need. Due to limited funds, not all who qualify will receive an offer of assistance, or an offer that fully funds demonstrated need.
  • Tuition Assistance awards are made for one academic year. Re-enrolling families must complete a new application for each year that the student enrolls.
  • Applications must be completed on time to be considered. Late applications will be handled as they arrive and as funds allow. Only complete applications will be considered.
  • Oakcrest School follows its Tuition Assistance policy and uses the Independent School Management's Financial Aid for School Tuition (FAST) program for Financial Aid methodology as a guide to determine each family’s demonstrated need.
  • Oakcrest reserves the right to request additional information, such as tax schedules and other tax and/or income records. Income tax documentation substantiates information provided, but it is not considered in isolation.
  • Family contribution is calculated prior to consideration of any merit award, including the Veritas Award. The amount of a merit award is then added to the family contribution to determine need.
  • In accordance with the Oakcrest School mission, Oakcrest takes into consideration family circumstances that affect ability to pay. All Tuition Assistance decisions are made on a case-by-case basis.

Oakcrest communicates the availability of Tuition Assistance to all current and applying families. All information disclosed by families for Tuition Assistance is considered confidential. Tuition Assistance decisions are communicated in a fashion that allows families to make informed enrollment decisions.

The following must be completed by February 19, 2014, to be considered a complete application:

      • Access the FAST web site on the Oakcrest web site, which is specifically created for Oakcrest School. Once there, click the Get Started button at the bottom of the first page. All of your financial information should be entered directly through the secure server. Space is also provided to enter additional information that may be pertinent to your application.
      • FAST will charge a nominal fee to process this application. Once completed, the application will be available immediately for the review of the Tuition Assistance Committee. You may be contacted by the Business Office if additional information is needed.

Go to FAST by clicking this button:

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Mail a copy of your 2013 Federal Income Tax (1040) and supporting documentation to FAST at the address noted below.

Oakcrest reserves the right to ask for additional information.

Frequently Asked Questions About Tuition Assistance

What is Tuition Assistance?

Tuition Assistance funds are grants that help to reduce the cost of tuition for families and households that qualify through our need-based program. Tuition Assistance is based solely upon a family’s ability to pay and is independent from the student qualification process for admission.

If I apply for Tuition Assistance, will it affect my child’s admission?

Admission and Tuition Assistance decisions are made by two separate committees. A family’s financial circumstances are not included in the criteria upon which a student is evaluated for admission.

How do I know if my family qualifies for Tuition Assistance?

Tuition Assistance is granted each year on the basis of demonstrated need and available funds. Individual family/household circumstances that determine a family’s ability to pay include but are not limited to assets such as homes, savings, number of dependents, age of parents and number of children. Tuition Assistance is not awarded solely on family/household income level.

How does Oakcrest’s Tuition Assistance decision-making process work?

Oakcrest School follows its Tuition Assistance policy and uses the Financial Aid for School Tuition (FAST) program for Financial Aid methodology, and current income tax documents, as a guide to determine each family’s demonstrated need.

How much Tuition Assistance should I expect to receive?

Oakcrest School seeks to meet the verified need for those who receive Tuition Assistance. Every family should expect to contribute financially toward their daughter’s education. 

Do I have to apply for Tuition Assistance every year that my child is enrolled?

Yes, families who receive Tuition Assistance must complete a new application for each year that their child enrolls to determine eligibility for the coming academic year.

If the award is not enough, can I appeal?

Oakcrest seeks to fully fund demonstrated need. Due to limited funds, not all who qualify will receive an offer of aid, or an offer that fully funds demonstrated need. Families may request a reconsideration of their award by writing to the Business Manager and stating the reason for the request. Please understand that there are often families waiting for funds that are not taken up in the first distribution.

What if our circumstances change mid-year?

Oakcrest seeks to provide access for qualified students, and understands that household circumstances can change outside of the Tuition Assistance cycle. Please contact the Business Manager to initiate a discussion so that your situation can be addressed by the Tuition Assistance Committee. All decisions are dependent upon availability of funds.

What if my daughter is applying for and/or receives the Veritas Award?

Tuition Assistance decisions are made independently from the Veritas Award process. An application for Tuition Assistance should be made based upon your family and household need regardless of the Veritas Award merit scholarship amount. Should your daughter win the award, that award amount will be considered in the calculation of a Tuition Assistance Award for a qualifying family.

How do I apply for Tuition Assistance?

Complete detail and links to documents may be found at Oakcrest.org under the Admissions tab.

When can I apply for Tuition Assistance?  

You may begin to process your Tuition Assistance application for the 2014-2015 school year on November 1, 2013.  Applications must be completed by February 19, 2014.

    • Access the  FAST web site on the Oakcrest web site, which is specifically created for Oakcrest School.  Once there, click the Get Started button at the bottom of the first page. All of your financial information should be entered directly through the secure server. Space is also provided to fill out additional information that may be pertinent to your application. In addition, a copy of your most recent tax return should be mailed directly to FAST.
    • FAST will charge a nominal fee to process this application. Once completed, the application will be available immediately for the review of the Tuition Assistance Committee. You may be contacted by the Business Office if additional information is needed.
    • A copy of your 2013 IRS Income Tax Form 1040 and supporting documentation, as well as your 2013 W-2, should be mailed directly to: 

       FAST
       Independent School Management
       Attn: FAST Processing
       1316 North Union Street
       Wilmington, DE 19806  

Oakcrest reserves the right to ask for additional information. 

When are parents notified of Tuition Assistance decisions?

Completed applications filed by the deadline of February 19, 2014, are considered in the initial distribution of funds. Award decisions are mailed in early March. Oakcrest reserves the right to modify award decisions based upon 2013 tax documents submitted to FAST. Applications made after February 19, 2014, are handled as they arrive and as funds allow.

Oakcrest communicates Tuition Assistance decisions in a fashion that allows families to make an informed enrollment decision, and the deadline for this occasionally precludes usage of current tax information. Tuition Assistance awards are provisional until complete 2013 tax documentation is submitted. The earlier that a family submits the 2013 documents, the earlier that the award can be verified. 

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