Tuition & Payment Plans
As a school community, we are committed to making an education at DePaul Prep possible for families from socioeconomically 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 $3,600 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 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 As a reminder, if you selected payment in full, the entire amount of tuition will be withdrawn from your account in July.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.
Changes to payment plans and payment dates must be made at least 72 hours in advance of the scheduled payment event. Be aware that payments due on a Monday will 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.
If your student earned a merit scholarship based on their entrance exam score, that information would have already been communicated to you in your acceptance letter. Merit scholarships show as a credit in your tuition payment plan.
The financial aid application for 2020-2021 is closed. Financial Aid for incoming freshmen is only available to families who completed the financial aid application by January 15, 2021. 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, HFS, HFY, or a scholarship awarded by your grammar school, please send proof of scholarship to email@example.com as soon as possible. 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, and other incidental charges. Please 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 firstname.lastname@example.org.
Withdrawals From DePaul College Prep
Tuition payment plans begin in July for every family that paid a registration fee. You must email email@example.com to withdraw your acceptance and to close your FACTS account. Families should notify us of payment plan cancellation no later than June 10. Please carefully review the Tuition Refund Policy.
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.