Financial aid is available to both new and returning students enrolled in TK-12th grades to help with the cost of tuition. Financial aid is not available for our preschool or home education programs. The primary goal of the Financial Aid Program is to assist existing families that are experiencing a temporary reduction of income due to job loss or illness. Any remaining funds may be awarded to additional families that demonstrate a financial need. Aid is issued annually and a new application must be submitted each year no earlier than Feb 1 and no later than March 31. New families can apply for financial aid from Feb 1 until Aug 1. Financial aid does not cover registration and material fees, books, sports, or activity fees.
To apply for financial aid, families may fill out and submit the online application to FACTS through the DCS website. FACTS is a third party vendor acquired by DCS to process financial aid applications and collect financial data from applicants. Award decisions are not made by FACTS, but by the DCS Financial Aid Committee. FACTS requires a $30 application fee and will request additional documentation which will need to be mailed or faxed.
The DCS Financial Aid Committee will start looking at completed financial aid applications beginning on April 1 each year and families will be notified by email by the end of April. Families will then have 2 weeks to complete and return their Tuition Assistance Covenant. Failure to complete the Tuition Assistance Covenant will result in cancelation of the awarded financial aid.
Does my student need to be currently enrolled at DCS to be considered for financial aid? Yes, current students need to be completely re-enrolled in order to be considered for Financial Aid funds for the 2017/2018 school year. New families do not need to be currently enrolled to be considered for financial aid. New families will need to have a completed educational consultation with the appropriate campus principal. New students are required to have a 3.0 or higher grade point average (GPA) in order to be considered for financial aid. Re-enrolling students will need to have completed the re-enrollment process and have a 2.5 or higher GPA to be considered for financial aid.
What happens if my student is awarded financial aid and their GPA falls below 2.5? If a student fails to maintain a 2.5 GPA, financial aid will be suspended until the next report card shows that the GPA requirement of 2.5 has been met. Once the 2.5 GPA requirement is met, Financial Aid may only be awarded if the school has remanding funds in the financial aid account to award.
Why do you offer financial aid? DCS desires to assist families that may have a temporary financial loss due to illness or the economic down fall. In addition, there are many families who desire a DCS education, but may not have the means to pay for the entire tuition amount.
Where do funds for financial aid come from? Funds available for financial aid are allocated from the school budget, provided by generous donors, and raised through various fundraising efforts.
Do you offer "Full Rides" to DCS?
A DCS education is very valuable and most families are capable of making a sacrifice and financial contribution to attend.
Is financial aid a loan? Does it have to be paid back? No. A financial aid award reduces your total amount of tuition due. It does not have to be paid back.
How do we know if we will qualify for financial aid? Awards are determined on a family's ability, not willingness to pay. There is no certain income amount that determines eligibility. Income, expenses, assets, liabilities and the number of people in the household are taken into consideration.
Am I required to request financial aid every year? Yes, applications must be made every year. Re-enrolling students need to apply for financial aid each year from February 1st through March 31st. Federal taxes need to be filed in order to complete the financial aid application process through FACTS. Each family is distinctive in their financial situation, and financial circumstances rarely remain static. DCS will consider each family's unique situation every year and make an annual decision on financial aid. Families are limited to a maximum of four years of financial aid. Late payments and failure to keep your account current the previous school year will be a factor in whether or not you are awarded continuing financial aid.
Since we received some financial aid in the past, can we count on the same amount in the future? While DCS will consider your financial aid from a previous year, each year is evaluated independently based on the current financial situation.
What about fees and other expenses? Can those be taken from my financial aid award?
If awarded, financial aid funds are applied only toward tuition. Families are still responsible for all other expenses including registration and material fees, books, meals, optional student trips, extra curricular fees (i.e. athletics fees or music lessons) and should plan accordingly.
We have a split or blended family; do both parents need to apply to FACTS?
Yes. All parents related to the student need to submit their information to FACTS. If parents do not reside in the same household, they must submit two separate financial aid applications.
Is my information safe and confidential?
Yes. Only those individuals on the Financial Aid Committee and FACTS will have access to your personal financial information.