Tuition & Payment Plans
As a school community, we are committed to making an education at DePaul Prep possible for families from diverse backgrounds. DePaul Prep understands that Catholic high school education is an investment in your future. Tuition is the backbone of our budget. There is a gap between tuition charged and the true cost of educating each student. Our Board of Directors, generous donors, and outside charitable organizations compensate the difference between the actual cost and the tuition charged.
Tuition, Payment Plans, Scholarship, & Financial Aid: How does it work?
Tuition Payment Plan Information
Tuition collection begins in July. DePaul College Prep will finalize the terms of your tuition payment plans in FACTS between May 1, and mid-June. Please watch for a “Notice of Payment Plan Finalization” from FACTS in your email. Check the balances for accuracy and the payment plan type (monthly, quarterly, semiannual, annual) to ensure it meets your needs. As a reminder, if you selected payment in full, the entire amount of tuition will be withdrawn from your account in July. Payments in full made by July 15 receive a 2% discount.
You are the owner of your tuition payment plan and are able to self-manage, view balances, change payment methods and view payment history of the account on your own. If you need assistance, the number for FACTS Customer Service is 866-441-4637. Many customer requests can be handled by you and FACTS, and do not require DePaul Prep’s assistance.
Families can choose from preferred payment dates in FACTS to adjust a payment date up to 72 hours before the scheduled payment event. The ability to make a timely courtesy adjustment to your payment date through the tuition office is not guaranteed. You should carefully review your payment plan to ensure it meets your pay-day schedule at the beginning of the school year.
PAYMENT DATES: If the payment date falls on a weekend or banking holiday observed by the Federal Reserve, the payment will be attempted on the following business day. Although FACTS specifies the date each payment will occur, your financial institution determines the time of day the payment is debited to the account. Be aware that payments due on a Monday may be put on a bank hold by your bank on Friday. Payments due on a Holiday will be placed on hold the day before, or the Friday before a long holiday weekend.
There are some customer requests that only the school can approve. In those cases, FACTS will direct you to contact our Tuition and Financial Aid Manager Anne Marie Piazza for account adjustments. We will do our best to accommodate requests but cannot guarantee that a courtesy adjustment can be made before your scheduled payment date.
If your student earned a merit scholarship based on their entrance exam score, that information will be communicated to you in your acceptance letter. Merit scholarships show as a credit in your tuition payment plan.
The financial aid application for 2023-2024 school year will open October 1, 2022. Returning families must apply for financial aid every year. The application closes for incoming freshmen on December 30, 2022 and on February 8, 2023 for returning families. Financial aid decisions are made only on complete and verified applications. Please carefully review our financial aid FAQs on the financial aid page of this website. Financial aid awards show as a credit in your tuition payment plan.
Outside Scholarships and Grammar School Awards
If you have earned an outside scholarship such as a renewable Big Shoulders Fund Scholarship, HighSight, LINK, HFS, HFY, or a scholarship awarded by your grammar school, please send proof of scholarship to firstname.lastname@example.org as soon as possible, so that the adjustment can be made to your payment plan. These awards show as a credit in your tuition payment plan upon verification. If we do not receive a proof of scholarship from you, we have no way to know that your account should be credited.
Incidental Billing & FACTS
There are two features to your FACTS account: Tuition Payment Plans and Incidental Billing. Tuition Payment plans are for your annual tuition and the IB Program. Incidental Billing is for bus fees, AP Exams, Summer School, Kairos Retreats, annual registration, and other incidental charges. Families are required to attach a payment method to both accounts. You will never be charged in either account without prior notice via email from FACTS. To dispute charges, please email email@example.com.
Withdrawals From DePaul College Prep
Tuition payment plans begin in July for every family that paid a registration fee. Incoming freshmen families must email firstname.lastname@example.org to withdraw your acceptance and to close your FACTS account. Returning families please refer to the Parent Student Handbook which explains that you must notify the registrar email@example.com to initiate a transfer. All balances must be paid in full to complete the student transfer. Please carefully review the Tuition Refund Policy below.
Tuition Refund Policy
Tuition payments support faculty salaries and operating expenses for the entire academic year. Tuition payments are collected from July through April. If a student withdraws or is dismissed for any reason during the period from July through May, monthly tuition payments which have been made will not be refunded. If tuition payments are paid in full, paid semi-annually, or paid quarterly, a prorated tuition payment may be refunded at the school’s discretion.