Think You Can’t Afford a Private Education? Think Again!

Chicago Catholic Schools

Think You Can’t Afford a Private Education? Think Again!

Private, Catholic education is the single most important factor in your child’s future. There is no better investment that you can make for your child than giving them a solid educational foundation. While a Catholic education costs money, there  are many ways to make it more affordable. This series will explore a variety of options, ranging from government tax credits to scholarships, that could be helpful to you and your family in your choice of supporting Catholic education.

Today’s topic: Financial Aid

What is financial aid?

Financial aid helps students and their families pay for their tuition. The amount will be different for every family who applies, as it depends on their specific financial circumstances. At our Catholic schools, financial aid is a portion of money that is taken off your tuition. It will never be a loan, it is meant to serve your child and your family through a need-based award.

Where do the funds for financial aid come from?

Financial aid funding can come from a variety of sources, including sometimes the school’s themselves, their parish, or a benefactor, like Big Shoulders Fund, , who wants to invest in your child’s education and therefore, their futures.

I’ve only ever heard of financial aid for high schools. Elementary schools have it too?

Absolutely! Great education starts at an early age and we want to provide your child with the best education possible. Catholic schools understand that working families may need a little assistance to help offset tuition costs, so they offer need-based financial aid to help.

Is financial aid different than a scholarship?

Yes and no. A scholarship is one type of financial aid, but the process and requirements to obtain a scholarship may be different than your school’s normal financial aid process. Typically scholarship organizations have their own application process and requirements for application. In the case of Big Shoulders Fund, families apply for scholarships through their school’s principal. If you are interested in financial aid or for applying for a scholarship, it’s best to reach out to and ask the school principal what your options are.

How do I apply?

Reach out to your local Catholic school and ask them about opportunities for financial aid and scholarships. The school works with your family to understand your financial situation and works with you to find a way to best serve your student(s). The school will communicate with you directly about the status of your application.