Vision For The Future FAQ

 

 Frequently Asked Questions

What is the Vision for the Future Education Trust?
The
Catholic Diocese of Wilmington began the Vision for the Future Education Trust in the early 1990s with gifts from several private foundations, corporations and individuals. The diocese uses interest generated from the Trust to provide tuition assistance to qualified families who desire a Catholic education for their children but who cannot afford to pay the full cost of school tuition.  Allocated funds are also acquired through the diocese’s annual Share in the Spirit collection which occurs the fourth weekend of September.

 

How significant is the need?
For the 2018-2019 school year, the diocese received applications representing nearly 1,000 students.  FACTS, an independent agent that analyzes the financial need of each applicant, determined that more than $4 million would be required to fulfill the maximum need of every family who qualified for assistance.  However, due to limited resources, financial assistance will be provided to only 310 students for a total distribution of $650,000 – an amount representing approximately 16 percent of the total calculated need of all applicants.

 

How is financial aid determined?
The diocese contracts with FACTS, an independent organization, to review
tuition assistance applications and to evaluate each applicant’s financial need.  Upon evaluation completion, awards are then made by the diocese based on the family’s financial need and the amount of money available for distribution from the diocese’s Education Trust.  All applicants are notified accordingly by the diocesan development office by early May. 

 

Don’t schools and parishes have their own tuition assistance funds?
A few parish schools do set aside a small portion of their budget to provide tuition assistance for needy families. However, most schools in the diocese do not have such funds.

 

How do I apply for tuition assistance for my family?
To be considered, parents must submit an application online to FACTS Grant & Aid Assessment for evaluation at online.factsmgt.com/aid beginning December 1, 2018.  Along with your application, you will be required to provide the following information:

  • Copies of your most recent tax forms including all supporting tax schedules*
  • Copies of your 2018 W-2 forms for both you and your spouse*
  • Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers€™ Compensation, and TANF*
  • Non-refundable payment of the $35 application fee*

*Refer to FACTS Grant & Aid Checklist for a full listing of required documentation.

FACTS representatives are available to guide you through the process Monday through Thursday from 8:00 am to 8:00 pm and Friday from 8:00 am to 6:00 pm at 1-866-441-4637.

Applications and all required documentation must be received by FACTS no later than March 4, 2019. Applications received after March 4 cannot be considered for tuition assistance through the diocese.

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Is Catholic education worth your investment?

Students in Catholic schools consistently score above national norms on standardized tests.  In 2017, diocesan SAT scores for college-bound students topped Delaware public school averages in critical reading and writing by more than 60 points.  Graduates of diocesan schools are leaders in our parishes, our communities, in business and in government.

 

Every day in our Catholic schools, students enter a moral, nurturing, faith-filled environment where they receive a quality education from a highly professional and caring staff.  Our Catholic schools are making a difference, challenging inquisitive young minds and giving them a greater appreciation for the values their parents hold most important.

 

Can I sponsor a child by providing tuition assistance?

Yes, the Diocese offers a sponsorship program.  Please contact Deborah Fols, diocesan development director, at (302) 573-3121 or write her at [email protected] to find out how you can give a student the opportunity to receive an academically excellent education and instill Catholic values that will stay with them throughout their entire life.

 

I think this is a cause that deserves greater support.  Can I make tuition assistance part of my estate planning?

Yes.  Call Deborah Fols, diocesan development director, at (302) 573-3121 or write her at [email protected]