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Financial Aid

The financial aid application period for the 2019-20 school year is now open.


Thanks to the generosity of our board members and benefactors, DePaul College Prep is able to offer two kinds of financial assistance to our students:

  • Need-based financial aid & tuition assistance to students who apply and qualify based on the family’s financial need
  • Academic Scholarships to eligible students who score 80 or above on the Catholic High School Entrance Exam

Criteria for current students: 

  1. Remaining tuition balance must be current
  2. Students must maintain at least a 2.0 GPA
  3. Students must observe all school discipline policies and procedures, and provide student work to DePaul College Prep as directed

Students and parents/guardians who fail to comply with these requirements are not eligible for financial aid renewal.

Criteria for Incoming Freshmen:

For incoming 9th grade students, the process begins with completing both the Admissions Application and the Financial Aid Application. Students who sit for the Entrance Exam at DePaul College Prep will be given first consideration for financial aid awards. Financial aid information will be available at the Entrance Exam on Saturday, December 1, 2018.

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Applying for DePaul Prep Financial Aid – Must be completed annually

1. Submit an online financial aid application through FACTS Management. There is a $30 application fee.

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2. Upload your 2018 federal 1040 tax forms and 2017 W2’s. Please note your application will not be complete until you submit the above tax information.

3. We are currently accepting financial aid applications for the
2019-20 school year. The financial aid application & requested documentation is due by January 11, 2019 for incoming freshmen and February 8, 2019 for returning students.

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

Academic Scholarships

Incoming students who sit for the Entrance Exam at DePaul College Prep and achieve a high score are eligible to receive an academic scholarship. In the 2018-19 school year, over $200,000 in academic scholarships were awarded by DePaul Prep to high-scoring testers.

Students must meet eligibility criteria to receive their academic scholarships annually. DePaul Prep Academic Scholarships are awarded in addition to scholarships and aid provided by outside scholarship organizations.

Several academic awards are available to our top scorers on our Entrance Exam, as well as top scorers from our feeder grammar schools:

Merit Scholarship - $7,500
Incoming freshman students testing December 1, 2018 at DePaul Prep who score at the 95th and above percentile will automatically be awarded the Merit Scholarship for academic excellence. Annual renewal of this scholarship requires continued academic performance of a 3.0 GPA.

Presidential Scholarship - $5,000
Incoming freshman students testing on December 1, 2018 at DePaul Prep who score between the 90th and 94th percentile will automatically be awarded the Presidential Scholarship for academic excellence. Annual renewal of this scholarship requires continued academic performance of a 3.0 GPA.

Academic Scholarship - $2,500
Incoming freshman students testing on December 1, 2018 at DePaul Prep who score between the 80th and 89th percentile will automatically be awarded the Academic Scholarship for academic excellence. Annual renewal of this scholarship requires continued academic performance of a 3.0 GPA.

Following the Entrance Exam, admitted students to DePaul Prep will receive notice if they are recipients of one of the Academic Scholarships noted above.

Outside Scholarships

IL Tax Credit Scholarships

Updated_Tax_Credit_Scholarship_Information_010418.pdf

 In August 2017, with bipartisan support, the House and Senate passed a comprehensive education funding bill that was signed into law by the governor. The law includes a provision for tax credit scholarships, which provide strong incentives for donors to support non-public school scholarships for low-income students in the state. Illinois students from low-income families may use these new scholarships to attend a non-public school of their choice.

This legislation represents a major step forward that will help create more equity in school funding throughout Illinois, and for the first time provide real school choice for students and their families.

The questions and answers below provide an overview of the scholarships, including important information for donors and scholarship-eligible families. If you have other questions, please feel free to contact Bob Hudzik from the Office of Catholic Schools at 312.534.5200 or rohudzik@archchicago.org.

For more information, click here or see the Frequently Asked Questions below. The Frequently Asked Questions is available as a downloadable document in English, Mandarin/Chinese, Polish, and Spanish.

invest in kids act FAQs

ComEd Scholars

**This scholarship opportunity is only open to current juniors in the Class of 2020.**

ComEd has funded another round of ComEd Scholarships for juniors interested in STEM while at DePaul Prep and who wish to study STEM at DePaul University.  The scholarship is applied to your tuition this year and next year at DePaul Prep and then increases and follows you to study STEM at DePaul University. Currently, DePaul Prep has 3 ComEd Scholars at DePaul University.

Successful applicants in their junior year will be known as ComEd Scholars and will receive:

  • In their junior year at DePaul Prep, a scholarship of $3,000 (2018-2019)
  • In their senior year at DePaul Prep, a scholarship of $6,000 (2019-2020)
  • A scholarship of $12,000 per year if accepted at DePaul University
  • Guaranteed internship interview at ComEd upon graduation from DePaul University with a degree in one of the majors identified above
  • Opportunity to take dual enrollment classes for credit at DePaul University free of charge in Summer of 2019
  • Mentorship and extracurricular opportunities related to these fields of study during the school year and in the summer, while at DePaul Prep and DePaul University

This is a competitive scholarship and only 3 will be awarded. To be eligible, applicants must have a 3.0 GPA, obtain 2 letters of recommendation from science, tech or math teachers and submit an essay about why your interest in STEM should qualify for you to become a ComEd Scholar. The application and further information are linked below.  Deadline to apply with essay and letters of recommendation is Wednesday, November 28, 2018.

download the application

Financial Aid FAQs

Who is eligible to apply for Financial Aid?

Current students seeking tuition assistance may apply for DePaul Prep Financial Aid and may qualify based on the family's financial need. Financial aid does not carry over from year to year; students and families must re-apply each year to receive financial aid.

Incoming freshmen seeking tuition assistance must complete both the Admissions Application and the Financial Aid Application. Students who sit for the Entrance Exam at DePaul College Prep will be given first consideration for financial aid awards.

How does the school determine a family’s eligibility for tuition assistance?

All financial aid granted is based on the family's financial need or the student's academic achievement. This is determined from a combination of the Financial Aid Application and requested W2 and tax return forms submitted to FACTS Tuition Management. There is no maximum or minimum family income limits that affect eligibility. We look at family income as well as other factors affecting a family’s ability to pay.

Who determines the amount of assistance each family receives?

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.

Does DePaul College Prep give out scholarships based on academic merit?

Several academic awards are available to our top scorers on our Entrance Exam, as well as top scorers from our feeder grammar schools:

Merit Scholarship - $7,500
Incoming freshman students testing December 1, 2018 at DePaul Prep who score at the 95th and above percentile will automatically be awarded the Merit Scholarship for academic excellence. Annual renewal of this scholarship requires continued academic performance of a 3.0 GPA.

Presidential Scholarship - $5,000
Incoming freshman students testing on December 1, 2018 at DePaul Prep who score between the 90th and 94th percentile will automatically be awarded the Presidential Scholarship for academic excellence. Annual renewal of this scholarship requires continued academic performance of a 3.0 GPA.

Academic Scholarship - $2,500
Incoming freshman students testing on December 1, 2018 at DePaul Prep who score between the 80th and 89th percentile will automatically be awarded the Academic Scholarship for academic excellence. Annual renewal of this scholarship requires continued academic performance of a 3.0 GPA.

Following the Entrance Exam, admitted students to DePaul Prep will receive notice if they are recipients of one of the Academic Scholarships noted above.

If I applied for and received assistance last year, do I have to apply again this year?

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

What if my taxes are not completed by the application deadline?

In order to facilitate the application process, we encourage parents/guardians to get their taxes done early to meet the deadlines. However, the school will accept the Federal Income Tax return(s) from the previous year if they are accompanied by W-2 forms from the most recent year.

What is the DePaul College Prep Student Work Program?

Students who receive need-based financial aid at DePaul College Prep must participate in the Student Work Program for a set amount of hours during each semester. The parent/guardian tuition obligation must be current for funds to be applied each semester. Students must maintain a 2.0 GPA and a clean discipline record to be eligible each semester for funds.

Do you have any sibling discounts? Legacy discounts?

Siblings who attend DePaul College Prep simultaneously may apply for a sibling discount of $500. One sibling discount is awarded per family.

Does DePaul College Prep offer athletic scholarships?

In accordance with IHSA regulations and the guidelines of the Archdiocese of Chicago, DePaul College Prep does not offer athletic scholarships.

Important Dates

Financial Aid Applications Available for the 2019-2020 school year:
OCTOBER 1, 2018

Financial Aid Application
Deadline:

Incoming Freshmen
JANUARY 11, 2019

Returning Students
FEBRUARY 8, 2019

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Financial aid funds are limited. Applications received after the due date may not be eligible for review or consideration.


 

Contact:

Ms. Paula Ryan

Ms. Paula Ryan

Tuition & Financial Aid Manager
Finance & Operations