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Financial Aid Frequently Asked Questions |
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How much is the current tuition at LCHS? |
The average tuition is $3,830. The minimum tuition is $1,250 and the
maximum is $6,080. Tuition is determined by your eligibility for financial aid.
Currently, 48% of LCHS families receive aid. If you are eligible, your tuition will
range anywhere between $1,250 and $6,080 |
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How is financial aid determined?
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Financial Aid is determined through an independent institution, PSAS (Private School
Aid Service), located in Lakewood, Ohio. PSAS is an objective and professional organization
that specializes in financial aid analysis using Federal Methodology. Factors taken
into account to determine financial aid are: parents’ total income, number of children
in tuition paying schools, family size (number of dependents), age of parents, the
value of parents’ assets, and the number of working parents in the household. |
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How do I know if I am eligible for financial aid?
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The only way that financial aid can be determined is by applying to PSAS. Application
forms are available in the Business Office, and will be distributed at our Parents’
Meeting on Thursday, February 22nd. The forms are easy to fill out. They require
that you include a complete copy of either this year’s or last year’s IRS Form 1040,
your current W-2’s and your current PA 40. There is a processing fee of $20.00
LCHS has two help sessions to assist in filling out your forms. Dates and times
are listed on the Tuition Timeline. |
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How do I know if it is worthwhile for my family to apply for aid?
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This is a difficult question to answer. Is it worth 10-15 minutes of your time and
$20.00? PSAS states that a general rule of thumb is that a "typical" family’s tuition
amount (the total calculated for all of your children’s needs) will be 7 to 15%
of their total family income. This amount should be divided by the number of students
in tuition paying schools. For example: if your total family income is $75,000 and
you have one student in a tuition paying school, your range is between $5,250 and
$11,250. With 2 students, the range is $2,625 to $5,625. If you have 3 students,
it is between $1,750 and $3,750. If your total income is $50,000, your tuition range
is $3,500 to $7,500. With 2 students in tuition paying schools, it is $1,750 to
$3,750. For 3 students, it is between $1,250 and $2,500. This may seem a wide range,
but there are factors other than income and number of students in tuition paying
schools that are considered. Each application is reviewed independently with confidentiality.
If you are unsure, we recommend that you apply to PSAS. |
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Where does the financial aid come from and how much is available?
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Financial aid is provided by Lancaster Catholic High School. We receive the money
that we distribute for aid from our local Parishes and from generous donors. We
also receive money from the Neumann Scholarship Program through the Diocese. The
money received from all these sources is combined in order to distribute the needed
amount determined by PSAS. If you are eligible for Neumann Scholarship money, it
will be included in your total aid received. In the 2007-2008 school year, we awarded
over $1,400,000 in financial aid |
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When will I know if I received financial aid?
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PSAS notifies LCHS the end of April. Your tuition amount and financial aid received
will be included on your enrollment agreement. Enrollment agreements will be mailed
on April 30th. If you missed the March 15th deadline, your agreement will have a full
tuition amount on it. If aid is still available, we will contact you when we receive
the information from PSAS. |
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What if our financial situation changes after I apply for aid?
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We understand that hardships can occur. A parent can be laid-off or lose a job.
If your family experiences at least a 10% decrease in income, we will recalculate
your tuition. |
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What types of payment plans are available?
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You can choose to pay your tuition in 1 payment on July 2nd; with 2 payments on
July 2nd and December 3rd; or in monthly payments deducted from your checking or
savings account through FACTS Tuition Management Company. If you choose FACTS, there
are no interest charges, only a one time family enrollment fee of $38. FACTS also
has a monthly credit card plan, which includes a processing fee. |
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Enrollment Frequently Asked Questions |
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If I am interested in sending my child to LCHS, what should I do? |
You should fill out the information sheets in your admissions packet. To request
an application for Admission, please contact Mr. Tony Brill at tbrill@lchsyes.org.If
your child is currently enrolled in a parochial elementary school, the completed
admission packet information should be returned at the time your child takes the
placement test. Placement tests are already scheduled at their schools. If your
child is a public or other private school student, placement tests will be held
late February, early March at Lancaster Catholic High School. Completed admission packets
should be returned to the school at that time. |
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What should I do if I am interested in financial aid?
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Parents' Meetings are held on an annual basis. Check the events calendar for the
next time and location. Financial Aid applications will be distributed at these
meetings. |
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Is there a deadline for financial aid?
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Yes, the deadline for financial aid applications is usually the middle of March.
If you are eligible, financial aid is only guaranteed if PSAS receives your application
by this date. Aid may still be available after this date, but we cannot guarantee
it. |
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If I am not applying for financial aid, what is my next step?
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If you are not applying for financial aid, you do not have to do anything until
you receive your enrollment agreement at the beginning of May. You will receive
an agreement for the full tuition and will need to return the signed agreement along
with the registration fee to the LCHS Business Office by the May 14th deadline. |
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Is the registration fee included in the tuition amount?
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No, the registration fee is separate from the tuition amount and is non-refundable.
This fee is the cost of processing and scheduling students. The registration fee
is $100 per student; however, if you miss the May 14th deadline, it will be $150. |
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Do we need to apply for Tuition Insurance?
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LCHS has a money back guarantee for a new student’s first semester. If you are not
happy for any reason, and you decide to withdraw your child, you will be reimbursed
for your child’s first semester tuition. If you are concerned about the entire year
or subsequent years, tuition insurance is available. Currently, about 5% of our
families take advantage of this program. If you believe that your student may not
stay for the entire year, tuition insurance assures that you will be reimbursed
either 50% (non-medical) or 100% (medical) pro-rata of your total tuition cost.
An example for choosing tuition insurance would be if either parent or guardian
suspected that they may be transferred during the school year and would need to
relocate. |
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When will I know if I receive financial aid?
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PSAS notifies LCHS the end of April. Your tuition amount and financial aid received
will be included on your enrollment agreement. Enrollment agreements will be mailed
on April 30th. If you missed the March 14th deadline, your agreement will have a full
tuition amount on it. If aid is still available, we will contact you when we receive
the information from PSAS. |
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When I receive my enrollment contract, what do I need to do next?
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When you receive your enrollment agreement at the beginning of May, you must sign
it, choose a payment plan, choose yes or no to tuition insurance, enclose your registration
fee and return to the Business Office by the May 14th deadline. It is important
that you do all of these steps. |
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What types of payment plans are available?
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You can choose to pay your tuition in 1 payment on July 2nd; with 2 payments by
July 2nd and December 3rd; or in monthly payments deducted from your checking or
savings account through FACTS Tuition Management Company. If you choose FACTS, there
are no interest charges, only a one time family enrollment fee of $38. FACTS also
has a monthly credit card plan, which includes a processing fee. |
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When does school start for the 2007-2008 school year?
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Please check the events calendar for updated information. |
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If you have any questions, please call the Business Office at 509-0307. |