Financial Aid

Please note that we are no longer accepting financial aid applications for the 2018-19 school year.

Need based financial aid is available through the following process:

Applying for Financial Aid – Must be completed annually

1. Submit an online financial aid application through FACTS Management at There is a $25 application fee.

2. Upload your 2017 federal 1040 tax forms and 2016 W2’s. Please note your application will not be complete until you submit the above tax information.

3. Financial aid is now closed for the 2018-19 school year. The financial aid application & requested documentation was due by January 12, 2018 for incoming freshman and February 9, 2018 for returning students. For application questions, please contact FACTS Grant & Aid Customer Service at (866) 315-9262.

Criteria for Financial Aid

  • Siblings who attend DePaul College Prep simultaneously may apply for a sibling discount of $500. One sibling discount is awarded per family.
  • Students who receive financial aid must maintain at least a 2.0 GPA, observe all school discipline policies and procedure, provide student work to DePaul College Prep as directed, and must maintain a current status on their remaining tuition obligations. Students and parents/guardians who fail to comply with these requirements are not eligible for financial aid renewal.
  • In accordance with IHSA regulations and the guidelines of the Archdiocese of Chicago, DePaul College Prep does not offer athletic scholarships.

Tax Credit Scholarships

Click for Updated Information: January 2018

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

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

More info from the State of Illinois


Merit Scholarship

Students testing December 2, 2017 at DePaul Prep who score at the 95th and above percentile will automatically be awarded the Presidential Scholarship for academic excellence in the amount of $7,500. Annual renewal requires continued academic performance of a 3.0 GPA.

Presidential Scholarship

Students testing on December 2, 2017 at DePaul Prep who score between the 90th and 94th percentile will automatically be awarded the Merit Scholarship for Academic Excellence in the amount of $5,000. Annual renewal requires continued academic performance of a 3.0 GPA.

Academic Scholarship

Students testing on December 2, 2017 at DePaul Prep who score between the 80th and 89th percentile will automatically be awarded the Academics Scholarship for Academic Excellence in the amount of $2,000. Annual renewal requires continued academic performance of a 3.0 GPA.

Thanks to the generosity of our board members and benefactors, DePaul College Prep offers academic scholarships and need based financial aid. Students who score 80 or above on the entrance exam will be eligible for an academic scholarship.

DePaul Prep is pleased to announce an increase in our Academic Scholarships offered to incoming freshmen who tested at DePaul College Prep and scored between 80 - 99 on the High School Placement Test (Entrance Exam). Please see below for the significant increase to our Academic Scholarships for the Class of 2022:

All students testing in the 95th-99th percentile on the entrance exam:
$30,000 ($7,500 annually)*

All students testing in the 90th-94th percentile on the entrance exam:
$20,000 ($5,000 annually)*

All students testing in the 80th-89th percentile on the entrance exam:
$8,000 ($2,000 annually)*

*Students must achieve and retain a 3.0 GPA annually to remain eligible to continue receiving the scholarship.

Financial Aid FAQs

Who is eligible for Financial Aid?

DePaul College Prep grants financial aid or scholarships to applicants who qualify based on the family’s financial need or the student's academic achievement.

For incoming 9th grade students, the process begins with completing both the Admissions Application and the Financial Aid Application. Financial aid information will be available at the Entrance Exam on Saturday, December 2, 2017. Students who take the Entrance Exam at DePaul College Prep will be given first consideration for financial aid awards. For returning students, tuition must be current to be eligible for assistance.

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.

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 you to get your 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.

Important Dates

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

Financial Aid Application

Incoming Freshmen
JANUARY 11, 2019

Returning Students
FEBRUARY 8, 2019

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

For more information,
please contact:
Ms. Paula Ryan
Tuition & Financial Aid Manager
(773) 423-5040

More information about outside scholarships