Financial Aid

Frequently Asked Questions about the Pope Prep Financial Aid Process

1. How do I apply for financial aid?

Families need to complete an online financial aid application and $40 fee with FACTS Tuition and Aid at www.factstuitionaid.com.

2. Do you have a formula explaining who qualifies for aid based on income?

No. The Financial Aid Committee reviews each family individually. Every family’s circumstances are different, and we feel it is best to consider all factors that impact a family’s ability to pay for private education.

3. If I haven’t received my 2023 W2, should I wait to complete the online financial aid application?

No. It is essential to begin the financial aid process as soon as possible. By starting the process with the online application, the Financial Aid Committee can include you in their preliminary plans.

4. Do you make admissions decisions based on FACTS demonstrated need?

No. Pope Prep's admissions decisions are “need-blind.”

5. Do you grant full-tuition awards?

No. Every family pays a portion of tuition and fees.

6. Do you award athletic or academic scholarships?

No. Pope Prep does not award scholarships based on athletics. Pope Prep awards a limited number of merit scholarships, independent of need, for those who are exceptional students as determined by national test scores and academic records. For more information, visit the Scholarships tab.

7. Are you required to comply with TSSAA?

Yes. Pope Prep is required to report to TSSAA (Tennessee Secondary School Athletic Association) any athlete receiving financial aid, what their demonstrated need is, and the amount of financial aid they are receiving.

8. When will I receive notice of a financial aid decision?

Financial Aid decision letters will be Emailed to families meeting the February 1, 2024 deadline on February 23, 2024. Families must accept or decline the award by March 8, 2024.

9. If I don’t receive the amount of financial aid I need, can I appeal the Financial Aid Committee’s decision?

Yes. You can contact Vicki Dorr at (615) 590-6010 (vicki.dorr@popeprep.org) to begin the appeals process.

This is a list of documents/information that will be needed to complete the FACTS Grant & Aid application.  If you have questions or technical difficulties when completing the application, please contact FACTS at 1-866-315-9262. GO TO www.factstuitionaid.com to complete the application.

DOCUMENTS TO UPLOAD TO YOUR FACTS APPLICATION

• 2023 W2s for both the applicant and co-applicant. NOTE: If you are applying before you have received all the current year W2s, please submit them as soon as they become available.
• 2022 Federal tax return and all supporting schedules/forms. NOTE: If the applicant and co-applicant file separately, we require both tax returns for the same tax year.
• 2022 supporting tax documents if you have business income/loss from any of the following:
  • Business - send Schedule C or C-EZ and Form 4562 Depreciation and Amortization
  • Farm - send Schedule F and Form 4562 Depreciation and Amortization
  • Rental Property - send Schedule E (page 1)
  • S-Corporation - send Schedule E (page 2), Form 1120S (5 pages), Schedule K-1 and Form 8825
  • Partnership - send Schedule E (page 2), Form 1065 (5 pages), Schedule K-1 and Form 8825
  • Estates and Trusts - send Schedule E (page 2), Form 1041 and Schedule K-1

INFORMATION TO HAVE ON HAND AS YOU COMPLETE THE APPLICATION

• Child support received
• Social Security information received that were NOT taxed, such as SSI benefits
• TANF
• Welfare/Aid for Families with Dependent Children (AFDC/ADC)
• Food Stamps
• Tuition support anticipated from friends/relatives/employer
• Worker’s Compensation
• Other nontaxable income (i.e. Clergy/Pastoral/Military Housing Allowance, Foster Care Allowance, VA Benefits, etc.)
• Rent/Mortgage Monthly Expense (include principal, interest, taxes and home insurance)
• Second home monthly expenses (include mortgage payment, interest taxes and home insurance)
• Home equity monthly loan payments
• Vehicle information – make/model, year and monthly payment
• Total credit card debt and total of all minimum payments
• Student loan monthly payments
• Other Loan payments (not including cell phone, utilities, or other living expenses)
• Child Support monthly payments
• Health insurance monthly premiums and out of pocket medical expenses
• Annual vehicle insurance expenses
• Charitable contributions (cash/check)
• College expenses
• Child/day care expenses
• Elder Care expenses
• Value of cash, savings, checking accounts, stocks, bond investments, mutual funds, certificates of deposits, retirement plan assets (401(k), 403(b), and/or IRAs)
• Annual contribution to retirement plan assets
• Annual contribution to 529 Education Savings Plan and the balance in the account
• Estimated value of home and second home
• Amount owed on home and second home
• Cost associated with extracurricular activities (sports, clubs, dance, etc.)

Pope Prep Financial Aid Process

Please read through and follow the financial aid application process outlined below. Please contact Vicki Dorr (vicki.dorr@popeprep.org) with questions concerning the financial aid process.

PREREQUISITES:

• All new and returning families must return the enrollment contract with the $300 non-refundable deposit before being considered for need-based financial aid.

• Existing families must be current on tuition payments to receive a financial aid award.

IMPORTANT: 

Applicants can apply online beginning November 1, 203, at www.factstuitionaid.com. FACTS will charge applicants a $40 application fee upon completion of the application.

• Financial Aid Applications are due to FACTS no later than February 1, 2024. Any Financial Aid Application received after February 1, 2024 is not guaranteed consideration.
• The Pope Prep Financial Aid Committee will review your Financial Aid Application only after you have submitted your 2022 tax return with any supporting schedules and forms, and your 2023 W2s directly to FACTS (see Required Documents for 2024-2025 Financial Aid Application). NOTE: Families who do not file a federal income tax return are not eligible to apply for financial aid.
• Financial Aid Applications (complete and verified by FACTS) will be reviewed by the Pope Prep Financial Aid Committee on a first come first serve basis.
• The Pope Prep Financial Aid Committee determines financial aid decisions. Financial aid decision letters will be mailed by February 23, 2024 to families meeting the application deadline of February 1, 2024. If you receive an award, you are required to sign and return one copy as acceptance of the award to Pope Prep by March 8, 2024. The financial aid process is confidential. Discussing the details of a financial aid offer with others will result in the forfeiture of the offer.

In administrating financial aid, Pope John Paul II Preparatory School will:

• Not discriminate because of race, color, sex, or age in violation of existing state or federal laws or regulations.
• Have an appeal policy for families who wish to request additional financial aid.
• Provide students and families with factual information regarding the total yearly cost of attendance, financing opportunities, policies, and procedures.
• Not use financial need as a consideration in determining a student’s admission eligibility.
• Refrain from and discourage others from making any public announcement of the amount of financial aid awarded to a student.
• Safeguard the confidentiality of all financial information supplied by a family.
• Review a student’s complete record (academic, attendance, behavior) during the evaluation process to determine the level of commitment to the Pope Prep community.
• Reserve the right to amend awards if new information comes to light after enrollment.
• Comply with TSSAA standards for preserving a student’s athletic eligibility. Financial aid awards are strictly need-based.

 

Families need to complete an online financial aid application and $40 fee with FACTS Tuition and Aid at https://online.factsmgt.com/aid.