It is The Covenant Preparatory School’s policy to admit students without regard to family financial circumstances. The Covenant Preparatory School expects that all families will make reasonable sacrifices to finance the education of their children; however, there is a tuition assistance program available to all families that qualify. Tuition assistance is awarded on the basis of economic need as determined by FAST. The admission process and tuition assistance process are separate processes. Families are encouraged to apply for admission and tuition assistance at the same time so that the tuition assistance determination may be made in a timely manner.
While the availability of school resources, the number of qualified applicants, and overall budgetary constraints influence tuition assistance decisions, Covenant is committed to making aid available to as many eligible applicants as possible. Covenant believes a family should invest in their child’s education before elective expenses, such as secondary home ownership, club memberships, and expensive car leases/purchases.
The Board of Trustees has adopted the policy of funding most of the school’s annual operating expenses with tuition dollars. This decision means that tuition controls, in large part, the quality of the education Covenant is able to offer. While recognizing that some sacrifice is appropriate for something as crucial as children’s education, the Board acknowledges that tuition assistance will be necessary to build and maintain the sort of student body Covenant aspires to have. Consequently, significant funds have been devoted to tuition assistance.
In order for us to allocate our resources wisely and fairly, we have enlisted the help of Independent School Management's FAST (Financial Aid for School Tuition) program. FAST does not decide whether tuition assistance will be given or how much to give; rather FAST provides a need-based tuition assistance analysis service. FAST provides the school with a report, which includes a recommendation of what a family should reasonably contribute toward tuition. All information from FAST is kept confidential. Upon approval, tuition assistance offers are sent to families.
While no tuition assistance procedure can be entirely equitable—there are simply too many individual factors and extenuating circumstances—the process that has been established has served Covenant well. Schedule a Visit today to discuss tuition assistance and to answer any questions you may have.
Download our Tuition Assistance Program Policy.