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Tuition Assistance Overview

Tuition Assistance (TA) may be offered to Veritas families who demonstrate financial need.  Any enrolled family can apply for TA by the published deadline (which generally aligns with Course Request submissions). Veritas utilizes FACTS Tuition Management as an unbiased, independent, third-party service to process TA applications; the school does not review individual applications.  FACTS assesses each applicant's financial need and then reports to the Veritas Finance Committee its recommendation of how TA proceeds should be divided among all applicants.  TA funds are limited each year, and awards are made until the funds run out. 


Our Partnership with FACTS

Our tuition assistance program is assisted by FACTS through their online service, Grant & Aid, to process applications.

FACTS does not decide whether financial assistance will be given or how much to give; rather they provide a need-based financial aid analysis service which includes a recommendation of what a family should reasonably contribute toward their annual tuition. All information from FACTS is kept confidential, and as in the past, your personal financial information will not be provided to the school. FACTS recommendations are reviewed by Veritas’s Finance Committee, which will make its recommendations to the School Board based on next year’s budget. Upon approval by the School Board, tuition assistance offers will be sent to families.

The application process includes the following steps:

  1. Families applying for financial aid will need to complete an application online and submit the necessary supporting documentation to FACTS Grant & Aid by the applicable deadline. Applicants can apply online by accessing the application through the same sign-in screen for FACTS tuition payments. You will not need to create a new account if you already have an account in the FACTS Tuition Management System. Simply go to the Veritas home page – Parent Login/Resources: FACTS; once logged in, click on Grant & Aid to begin the online application.

  2. Once an online application has been completed, the following information will need to be uploaded in pdf format to FACTS to complete the application process:
    1. Copies of your most recent Federal tax forms, including all supporting tax schedules. (If a 2020 return is not ready by the deadline, a 2019 tax return may be submitted with the TA application. Please submit other 2020 documents such as W-2's and upload the 2020 return when it is ready to support and complete the application.)
    2. Copies of your 2020 W-2 forms for both you and your spouse.
    3. Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers’ Compensation, and TANF.
  3. We encourage families applying for TA to submit a letter with their application (and to the school) describing their financial situation, especially if a job loss has recently occurred and grace is needed with the payment of fees that are due with (re-)enrollment.

Remember that all applications must be completed on the FACTS Grant & Aid website by the deadline in order to allow processing time. FACTS will send recommendation reports to the school as the applications are processed. Only those families whose FACTS reports are received by Veritas Academy by the deadline will be considered for tuition assistance, unless extenuating, unavoidable circumstances exist. Please communicate these to the Veritas Controller at once.


Frequently Asked Questions

Tuition Assistance (TA) is an integral part of Veritas Academy as we come alongside families financially to help make a Veritas education possible and affordable for those who desire a classical, Christian education within the University-Model® framework. By applying for TA, families are able to (re-)enroll and continue partnering with Veritas as their children progress through each school level.

 

The application fee is $35 fee per family. This fee will be paid directly to FACTS before your application begins.

 

FACTS will send notification and reminders about the status of your application at each stage of the process. Once all documents are received, you will be notified that the application is complete.

 

Families applying for Tuition Assistance will be notified of the awarded amount, if any, within a few weeks of the application deadline so that FACTS tuition payments can be adjusted in time for the first monthly payment of tuition.

Even though there is no guarantee of receiving an award, all families are encouraged to write a letter to the Finance Committee, along with their TA application, detailing how many children are enrolled and any other occupational or financial details that contribute to the family's financial situation that may not be detailed in the actual FACTS application.

 

While every award is customized based on each family’s circumstances, the total number of TA applicants, and the total size of the TA fund in any given year, the chart below outlines previous years’ award amounts by family income:

Even though there is no guarantee of receiving an award, all families are encouraged to write a letter to the Finance Committee, along with their TA application, detailing how many children are enrolled and any other occupational or financial details that contribute to the family's financial situation that may not be detailed in the actual FACTS application.

 

Please notify the Veritas Controller immediately if there have been any changes to your application. A reduction of the total family tuition may result in a reduction of the Tuition Assistance awarded.

 

Veritas Academy benefits from our partnership with FACTS via the efficiency and technology FACTS brings to our school. Should you have any questions regarding this plan, please contact the Veritas Accounting Office at 512-891-1678 or FACTS at 866-441-4637.

 

Tuition Assistance is an important operating expense in Veritas's budget model and is projected to grow by one half to one full percentage point each year. This strategy is the result of our desire to reach 100% of the demonstrated need in our community in order to allow families to continue partnering with Veritas throughout their children's education. 

Additional Tuition Assistance funds are the result of generous donors who share our desire to make it possible for families to remain enrolled at Veritas. 

 

If you are in a position to help your fellow Veritas families, please consider making an ONLINE tax-deductible contribution to this very worthy ministry of the school. For additional details, please contact our Advancement Director Katie Luevano

 

Start Here

FACTS Tuition, Grant & Aid Login

Once logged in, click on Grant & Aid to begin the online application.