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Financial Aid & Scholarships

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.

 

The DePaul Prep 2019-20 Financial Aid Application is currently closed. Please check back soon for the 2020-21 application.

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 scoring students who sit for the  Entrance Exam at DePaul Prep:

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 - $2,000
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.

ComEd Scholars

ComEd proudly funds the ComEd Scholars program for juniors interested in STEM while at DePaul Prep and who wish to study STEM at DePaul University.  The scholarship is applied to the student's tuition their junior and senior years at DePaul Prep, and can increase and follow the student who chooses to study STEM at DePaul University. Currently, there are five DePaul Prep alumni 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 the field of STEM
  • Opportunity to take a dual enrollment class for credit at DePaul University free of charge in the summer between junior and senior year
  • 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.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 the student's interest in STEM should qualify for them to become a ComEd Scholar.

The application is currently closed and will re-open to interested juniors in the fall of 2019.

IL Tax Credit Scholarships

First page of the PDF file: TCS_Year_Two_Fact_Sheet_FINAL_December_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 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

Outside Scholarships

DePaul Prep is proud to have students and families who receive support from so many wonderful outside scholarship organizations. The list below reflects organizations in Chicagoland with whom we work the most.
 
Available Outside Scholarships for 7th & 8th graders:

HighsightApplication opens: February 2020
Application closes: March 2020


 

Big Shoulders Fund
Families interested in traditional Big Shoulders Fund scholarships should contact the Tuition & Financial Aid office at DePaul College Prep.

HFS Chicago ScholarsCheck back soon for application information.


 

Daniel Murphy Scholarship fund8th graders:
Applications will open in late August and close in early October.

7th graders:
Applications open in the early Spring and close in early May.

LINK UnlimitedApplication opens: 10/1/19
Application closes: 12/1/19


 

horizons for youthCall the Horizons for Youth office at (312) 627-9031 to request a place on their application list.

 

*Please note that this is only a selection of outside scholarships and that there are many more out there available to students and families. We encourage families to research scholarships given by local community groups, parishes & churches, grade schools, special contest earnings, and other scholarship opportunities in the Chicagoland area and nationally.

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 scoring students who sit for the Entrance Exam at DePaul Prep:

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 - $2,000
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.