More Now Than Ever
In 2016 Covenant announced a strategic decision to restructure our financial aid program that greatly increases the amount of needs-based scholarships we can grant to families each year. While Covenant no longer offers “automatic” tuition discounts (multi-child, pastor, etc.), we are now able to help more families than ever before. If you have formerly depended upon one of these “automatic” discounts and you are concerned about whether you will still be able to afford tuition, we strongly encourage you to apply for financial aid through FACTS. Our financial aid program is designed to help more families afford Covenant!
How to Apply for Financial Aid
Covenant has partnered with FACTS Management Company to assist with our financial aid assessment. FACTS is used by almost 7,000 school across the country, including many in central Pennsylvania. FACTS analyzes an applicant’s financial aid application and provides the school with an objective report that includes a recommendation of how much a family can contribute toward their tuition. You may learn more about FACTS by clicking here. To apply for financial aid, please create a FACTS account by clicking on the icon below and following the instructions to submit an application.
Many parents report that the application takes between 20 and 30 minutes to complete. FACTS charges $30 for this service. You will want to have the following information on hand:
- Copies of your most recent Federal tax forms including all supporting tax schedules.
- Copies of your most recent W-2 forms for both you and your spouse.
- Supporting documentation for non-taxable income.
Financial Aid Philosophy
Covenant desires to partner with a broad range of Christian families to provide an exceptional classical Christian education for their children. We recognize that there are qualified families who are committed to a Christ-centered and classical education but who lack the financial resources to fully afford it. Our financial aid program seeks to bless families who cannot afford full tuition with financial assistance, knowing that our school community will in turn be blessed by their partnership with us.
We believe that the primary responsibility for funding a student’s education rests with the parents. Financial aid is intended to serve as a supplement to help families with the cost of tuition who could not otherwise afford it. A family’s lifestyle should reflect their commitment to providing a classical Christian education for their children as a high priority.
Since financial aid requests exceed the budgeted amount available, the Financial Aid Committee considers many things when making award decisions:
- An applicants ability to pay tuition as calculated by FACTS – based on the information provided on the FACTS Grant & Aid application and supporting documents
- The availability of financial aid funds within budgetary restrictions
- The overall number of applicants
- Adherence to designated deadlines
- Enrollment and composition of classes
- Family commitment and contribution to Covenant’s mission and values
In evaluating this information, the Committee takes into account relevant financial and family information to make award decisions as fair and responsive to individual situations as possible. The Financial Aid Committee operates within an annual budget set by the Board and the Head of School and strives to distribute the funds as equitably as possible among the families who qualify for scholarships. Awards will not exceed 40% of full tuition except in rare cases. Financial aid is awarded on a yearly basis. Families must reapply each year.
Timeline for (Re-)Enrollment and Financial Aid
Re-enrollment for existing Covenant families occurs during the month of February each year. Families who wish to reserve a place at Covenant must complete an online re-enrollment packet and pay a re-enrollment fee. This non-refundable and non-transferable fee is discounted to $200 if paid by February 28th and returns to $250 on March 1.
Returning families who would like to apply for financial aid must submit a completed FACTS Grant & Aid application by February 28th to be considered in the first round of financial aid awards. The Financial Aid Committee will seek to make these first round award decisions by April 15th. Upon receiving a financial award offer, a family will have 10 days to accept or decline the offer in writing. If after ten days an award is unclaimed it will be returned to the financial aid fund to be available to other families.
Please be aware that the only way to guarantee your place for next year is to complete the re-enrollment packet and pay the non-refundable re-enrollment fee. If you are in a class with a waiting list, we strongly encourage you to reserve your place by completing re-enrollment in February rather than waiting until April.
Admission and enrollment for new families opens on March 1st of each year. Families may submit a financial application anytime before May 31st, but the Committee will only review applications after a family has received an offer of admission from the school. In order to help families receive award decisions as quickly as possible, the Committee will make a new round of award decisions by the 15th of each month. After receiving a financial award offer, a family will have 10 days to accept or decline the award offer in writing. If an award is unclaimed for any reason it will be returned to the financial aid fund to be available to other families.
Please remember that it is only upon completing online enrollment – including signing up for a FACTS Tuition Payment Plan – and paying the $250 school enrollment fee that a student’s place is reserved at Covenant.
Families who applies for admission after June 1st are still able to apply for financial aid. The Financial Aid Committee will consider their applications on a case by case basis throughout the summer, as seats are available.
School and Family Confidentiality
The Financial Aid Committee is committed to maintaining strict confidentiality in all financial aid dealings. Each Committee member signs an annual confidentiality agreement affirming that they will not share an applicant’s financial information with any one not directly involved with the award granting process. By submitting a financial aid application, applicants agree to allow the school to share their information with relevant third party scholarship entities that verify EITC / OSTC eligibility. Access to the FACTS online records is restricted to individuals at FACTS responsible for the assessment and individuals on Covenant’s Financial Aid Committee. When soliciting EITC / OSTC funds, only those directly processing your awards will have access to them. Faculty, administration, students, and board members are not informed about specific award decisions.
We seek to apply consistent standards and policies across many families, but every family’s situation is unique and award amounts will vary. We encourage parents to keep award amounts confidential so as to help avoid the creation of false assumptions and expectations.