The financial aid application opens on October 1 and closes on December 31, 2023, for incoming 9th-grade students. The application closes on February 8, 2024, for returning students.

Please read this entire section.

Financial Aid applications and supporting documents are only accepted online via FACTS. Please start your online application early.  It can take up to two weeks for FACTS to verify the submitted tax information. You may add one or more students to the same application. The application fee is $30.00. 

You will need your 2022 Federal Income Tax Return, 2022 W-2s, and supporting documents and schedules. You will also submit 2022 W-2s for the co-applicant. All documents must be uploaded to FACTS. Documents are not accepted at school, and we cannot upload them for families.

If you have an existing FACTS username and password, select "Sign In". If you are a new FACTS user, please select "Create a username & password" to begin.  Then click on Start Application. Select the appropriate school year,  complete the steps as prompted, submit the application payment of $30, and upload your 2022 Federal Tax Return, supporting schedules, and 2022 W2s.

FACTS will notify families via email when the application is complete. If the information supplied is incomplete, please review the incomplete notice from FACTS, and supply the missing documents as soon as possible. It can take up to another two weeks for those documents to be verified. DePaul College Prep will not review incomplete applications, so we advise you to regularly check your email for FACTS updates.  Please add noreply@FACTSmgt.com to your address book to ensure you receive all notifications.

If a third party (i.e., relative, ex-spouse, friend, etc.) contributes to the student's education expenses, that contribution amount must be noted in the financial aid application. You will list your financial responsibility in percentage terms. (i.e., 75% responsibility) Please state the tuition contribution of the other party, also in percentage terms.  If the other party is a parent, that party must also fill out a financial aid application.  Read the next section on "Who is eligible for financial aid" for more information on financial relationships and obligations. DePaul College Prep reserves the right to revoke financial aid if the information reported in the application is false or misleading.

For application questions and for assistance, please contact FACTS Grant & Aid Customer Service at (866) 315-9262.

Applicant - The parent or guardian of the student applying for financial aid.

Co-Applicant - The other parent, or step-parent of the student, living in the same household with the Applicant.

Marital Status - Indicates if the applicant is Married, Single, Widowed, Separated, or Divorced.  Please use the correct legal status. For example, Divorced and not Single if you were once married.

Linked Applicant - The divorced, separated, or never married parent of the student for whom aid is being requested, who does not live in the same household with the student, but who shares custody of the student.

Linked Co-Applicant - The partner or spouse to the linked applicant living in the same household as the linked applicant.

Verified (VER) Application - Indicates that everything needed to complete the financial aid assessment has been reviewed for completeness by FACTS.  All supporting documents and schedules for the federal income tax return have been submitted and verified.

Submitted (SBM) - The application has been submitted but not reviewed or verified by FACTS.

Incomplete (INC) - The application has been reviewed by FACTS and found to be incomplete.  FACTS will notify the applicant of the incomplete status and list the exact missing documents in an email notice.

Documents in Process (DOC) - Indicates that documents have been received but not reviewed or verified by FACTS.

Does Not File (DNF) - Indicates that the family does not file a tax return.  In these cases, other documents will be required to verify income.

Current students seeking need-based tuition assistance and consideration for grant-based or outside scholarship opportunities should apply for DePaul College Prep financial aid beginning October 1 of the preceding school year. Incoming 9th-grade students seeking need-based tuition assistance must complete both the Admissions Application and the Financial Aid Application. DePaul College Prep will review only completed and verified financial aid applications and the applications of those students who sit for the entrance exam at DePaul College Prep.  Please start your financial aid application early!

To make an equitable decision, DePaul College Prep considers the assets and liabilities of all parties who are likely to contribute to the household and expenses for the student, notwithstanding any agreements between parties or divorce decrees. Therefore parents who are not married or are separated must both fill out a financial aid application.  Applications of divorced or separated parents are "linked”. DePaul College Prep is able to see all applications for financial aid for students who are “linked”.  However, parents cannot view one another's linked applications. Parents and step-parents who live in the same household are considered co-applicants. Each co-applicant must answer the financial questions and provide appropriate tax returns and W-2s.

Families pursuing only an Academic Scholarship need not apply for need-based financial aid.

DePaul College Prep determines the need for financial aid from the information families provide in FACTS Grant & Aid. Families should plan to submit the prior year's federal income tax return and schedules which evidence annual income earned. Families will also report on taxable income, nontaxable income, and monthly and yearly expenses. An essential part of the application is writing a brief essay that explains your family's particular need for financial aid. Please provide any information that will give the Financial Aid Committee a more complete picture of your family's financial situation.

Families qualify based on the financial need demonstrated in the application. Other factors, including the student's GPA, discipline record, and school effort, are considered.

The DePaul College Prep Financial Aid Committee reviews all applications and determines the amount of assistance to be provided to each family based on the amount of money available, the number of families who apply, and each family's financial need.

Yes. Each family must apply every year to receive financial aid. Returning families with significantly different economic circumstances may receive more or less assistance than they received last year.

DePaul College Prep accepts Federal Income Tax return(s) with corresponding schedules from the prior year. Forms should include a W-2 from the corresponding tax year.

How to Get Copies of your Tax Returns and Transcripts Online

Persons who do not file taxes will be required to provide supplemental documents. The required documents are:

• Bank statements for your household from two consecutive months.
• IRS Verification of Non-filing as proof from the IRS that you did not file a return for 2022. 

Instructions for requesting verification of non-filing from the IRS are printed here for your convenience. You will need IRS Form 4506-T.

Instructions for Requesting a Verification of Non-Filing Letter:

• Download IRS Form 4506-T.
• Complete lines 1 – 4, following the page 2 instructions.
• Line 3: Enter the non-filers street address and zip or postal code. Use the address currently on file with the IRS.
• Line 5: allows non-filers to have their IRS Verification of Non-filing Letter mailed directly to a third party by the IRS. Do not have your IRS Verification of Non-filing Letter sent directly to DePaul College Prep. Please upload it to FACTS.
• Line 7: Select the checkbox on the right-hand side for Verification of Non-filing.
• Line 9: Year or period requested field, enter the ending date of the year or period using the mm/dd/yyyy format. You will enter the tax year we are asking. For example, you will enter “12/31/2022” for the 2024-2025 school year.
• Sign and date the form and enter your telephone number. Only one signature is required when requesting a joint IRS Verification of Non-filing Letter.
• Mail or fax the completed IRS Form 4506-T to the address (or FAX number) provided in the table on page 2 of Form 4506-T.

If the 4506-T information is successfully validated, tax filers can expect to receive a paper IRS Verification of Non-filing Letter at the address provided on their request within 5 to 10 days.

Upload the IRS Verification of Non-filing Letter to the supplemental documents section of your Application for Financial Aid in FACTS. 

Do not mail it to DePaul College Prep.

Financial aid award notifications are sent via FACTS Grant & Aid to the email address provided on the Grant & Aid application.  Please be sure to add noreply@factsmgt.com to your contacts or address book.  You will be asked to “accept” or “decline” financial aid.  Please respond by the due date provided in the notification.

No, the financial aid application is for need-based financial aid. Academic awards are awarded to students who sit for the entrance exam at DePaul College Prep and who score 85% or better on the entrance exam. You are notified of an Academic Award in your letter of acceptance upon admission.

Current siblings who attend DePaul College Prep will automatically receive a discount of $500 per sibling.

DePaul College Prep abides by all applicable policies of the Archdiocese of Chicago and the IHSA. In doing so, DePaul College Prep does not promise or offer athletic scholarships of any kind. Violations of IHSA policies may result in loss of eligibility for the student, coach, and/or school.