Income: defined as pre-tax earnings from wages, business activity, investments, rental income, etc.
Other Assets: savings, stocks, home equity, etc.
Family Size: living allowances taking into account the number of people in a household and costs associated with expenses such as food, medical needs, and child care
Family Educational Commitments: other school tuition or college tuition for siblings
Unique Family Circumstances: This includes medical emergencies or other unexpected necessities.
Divorced, separated, or never-married parents: Both custodial and non-custodial parents are required to submit a FACTS Grant & Aid Assessment application, regardless of any legal arrangement. Exceptions to this are only granted upon written request, which must contain a full explanation of why both parents are unable to complete the required forms.
Unforeseen Events: Take into account any recent changes in financial circumstances, such as job loss, divorce, death of a family member, or illness.
Other Considerations: Consider any other special circumstances that may impact the family’s ability to pay tuition, such as caring for a disabled child or an unexpected financial burden.
School’s Budgetary Constraints
Available Funds: Consider the school’s overall budget for tuition assistance and the number of families seeking aid.
Sustainability: Ensure that the tuition assistance awarded is sustainable within the school's financial framework, allowing for continued support in future years.
Fair Distribution: Strive for a fair distribution of funds across all eligible families while balancing the school’s financial health.
8. Alignment with School’s Mission
Lasallian Mission: Ensure that the awards align with the school’s mission to provide access to education, particularly for those in financial need.
Long-Term Commitment: Consider the school’s commitment to supporting families throughout the student’s time at the school, provided financial circumstances remain consistent.
Confidentiality and Fairness
Confidential Process: Maintain confidentiality throughout the evaluation process to respect the privacy of families.
Consistency: Ensure that all applications are evaluated consistently based on the same criteria and that decisions are free from bias.