Financial Aid FAQs
Frequently Asked Questions about Financial Aid
Who should apply for financial aid?
Whomever the student lives with should apply for financial aid, whether it is a parent, grandparent, aunt or uncle, or legal guardian. However, both parents need to submit their financial information, regardless of marital status and custody. There is a section within the application where you can enter contributions from non-custodial parents or family members. There is also a section where you can note marital status of the parent(s) or guardian(s), or if there are current or impending familial changes.
How do I apply for financial aid?
You can apply for financial aid by going visiting FACTS, the company that processes financial aid applications for the Archdiocese. Click “Create an Account” if you wish to start a new application, or put in your account info if you are returning to an existing application. After you’ve created an account and verified your email, you will be able to fill out and submit an application.
What if I’m applying for financial aid at more than one Archdiocesan school?
Whether you’re applying for aid from an Archdiocesan elementary school or another high school, you only need to fill out and submit one FACTS application. You will have a chance to indicate each school you would like to receive your financial aid application by entering their school code.
Should I include students at other tuition paying schools?
Yes. You should include all household dependents, whether they are not yet school-age or if they are in college. Other children in a tuition paying school is an important factor in determining a family’s household expenses. If you have a child that will be entering a tuition paying college in the Fall of 2018 in addition to any children attending an Archdiocesan school for the 2018-2019 academic year, please make a note in the application.
What documentation do I need for my application?
The only required documentation you need are your 2017 tax returns, which you will need to submit by March 15, 2018. As you complete the application, you might find it helpful to have recent pay statements, W2’s or tax forms, or, if you own your own business, quarterly tax documents. If you are asked for a specific line from a tax document you have not completed yet, please estimate the projected amount.
Why do I need to input my spouse’s information if I am remarried and they are not legally responsible for my child?
FACTS’ calculation works off the total household income; therefore, all income, whether the party is legally responsible for your child or not, is necessary. The system does take into account your spouse’s expenses as well as their income. It is important to include all expenses that are applicable to your family in the application. Additionally, there is a section for you to detail any relevant special circumstances before submitting your financial aid application.
Are there any financial aid deadlines?
Yes. We encourage families to submit their FACTs application as early as possible.
December 31, 2017 – Priority consideration deadline
March 15, 2018 – Main deadline
How do I edit my FACTS application?
Once an application has been submitted and paid for, it can no longer be edited by a parent. However, if changes are necessary, a written statement with the requested change and application ID number can be sent to FACTS.
When will I know if my child is receiving any aid?
The financial aid decision is based on a family’s estimated financial need and is contingent upon completing the FACTS application.
The Carroll Financial Aid Committee will begin to review completed applications in December and announce financial aid decisions beginning in January. The School is unable to meet the needs of all families, but strives to help as many qualified candidates as possible within the budget. Priority is given to the best students, siblings, and children of Carroll graduates.
Please note: your financial aid application must be verified by submitting the 2017 Federal Income tax return to FACTS by March 15, 2018.