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.
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 annual income, typical household expenses, real estate assets, cash savings, investments, number of dependents, special circumstances (e.g., medical expenses for a special needs child), etc. Tuition Assistance is not awarded solely on family/household income level.
Oakcrest School follows its Tuition Assistance policy and uses the FACTS Grant & Aid Assessment Program methodology as a guide to determine each family’s demonstrated need. Submission of Tax Returns and related documents are necessary to verify award decisions.
All families are expected to make a maximum and honest effort to cover the cost of tuition from their available resources. Due to the school’s limited resources, not all who qualify will receive an offer of tuition assistance, or an offer that fully funds demonstrated need. Families may request a reconsideration of their award by writing to the Chief Financial Officer 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. Families may also wish to consider Education Loans from qualified organizations, such as Your Tuition Solution (www.tuitionsolution.com).
Oakcrest understands that household circumstances can change outside of the Tuition Assistance cycle. Please contact the Chief Financial Officer to initiate a discussion so that your situation can be addressed by the Tuition Assistance Committee. All decisions are dependent upon availability of funds.
You may begin to process your Tuition Assistance application for the 2019-2020 school year on November 1, 2018. Applications must be completed by January 28, 2019. Oakcrest reserves the right to ask for additional information.
Completed Tuition Assistance applications filed by the deadline of January 28, 2019 are considered in the initial distribution of funds. Award decisions will be communicated during the last week of February 2019. All awards are considered provisional until such time as the required Tax Return information is submitted to FACTS and the award amount is verified. Failure to submit required tax return information may result in the award being revised or rescinded.