Financial Aid


GCA (Greenville Classical Academy) has allocated a certain amount of funds in its annual budget to assist those families who qualify based on financial need. 

  • It is expected that families will pursue every other available means of financial aid (family, other scholarship funds, etc.) prior to applying for aid directly from GCA.  If other financial aid is available to you, we expect that you will utilize it to make more of our financial aid budget available to other families in need.
  • If a family qualifies for financial aid from other scholarship sources or financial aid funds (other than GCA) after they have recieved an award from GCA, these funds will be used to reduce the amount of aid taken directly from GCA and will not necessarily reduce the family’s tuition obligation to the school. 
  • Returning families will be given first priority in the distribution of available funds and must complete their FAST online application by March 31. However, a portion of the financial aid budget is reserved for new families who qualify. 

How the FAST Program Works:

  • Financial Aid for School Tuition (FAST) provides a need-based financial analysis system for families and schools. FAST is operated by Independent School Management (ISM). ISM was founded in 1975 and provides services for independent schools in areas such as management, finances, publications, insurance, workshops, and consulting. 
  • Each family who wishes to apply for financial aid should first read the FAST instruction manual (available in the school office) to acquaint oneself with the on-line application process. This program is easy to navigate and work with and will provide a much quicker response than other paper-type processes. You may complete the application online 24-7. To begin the process, click on the secure FAST link (at right). Once there, click the Get Started button at the bottom of the first page. All your financial information should be entered directly through the secure server. The FAST program requires you to pay a $43 fee by credit or debit card. After the online application is complete, mail a copy of your most recent income tax forms to ISM in the special envelope provided.
  • All applications must be filed on-line. If you do not have a computer most local libraries have internet access available for use. Before you start the application, you will need an e-mail address. Both Yahoo and Hotmail offer free e-mail service. You can get to Yahoo at www.yahoo.com. Hotmail's web address is www.hotmail.com. Follow the directions for setting up a new e-mail account.
  • Please complete all questions.  Incomplete applications can delay awards.
  • The Financial Aid Committee at GCA uses the standardized calculation derived by FAST as an initial guide in allocating financial aid. FAST considers gross taxable and non-taxable income, assets, liabilities, family size, and the number of students in tuition-charging schools or colleges. After an allowance for basic necessities and required taxes, the remaining funds are considered available for education on a sliding scale. The more you earn, the greater the expected contribution.
  • Notifications of financial aid grants for returning families will be made in April. 
  • Don’t forget to mail a copy of your most recent federal income tax records to ISM in the envelope provided. This would include IRS form 1040 and ALL schedules including a copy of schedule “A” – Itemized Deductions and if you are self-employed Schedule “C” (Sole Proprietorship) or Schedule “K” (S-Corporation).
  • FAST’S  recommendations are made available only to the GCA Financial Aid Committee. This committee will take into consideration the amount of money budgeted for financial aid and the number of families that apply for aid.
  • GCA will treat the FAST application and all financial records provided by families as confidential information. Only those persons directly involved in the financial aid decision-making process or in its administration will review this information. The identity of all students on financial aid will be held in confidence and restricted to the smallest number of persons possible.  


Financial Aid Timetable for Returning Families:

  • Returning families will be given priority and must complete the FAST financial aid online application on or before March 31.
  • In April, returning families will be notified with the amount of their financial aid award. 
  • Families must accept or decline the award within 10 days of the notification of the award.
     

Financial Aid Timetable for New Families:

  • Priority will be given to those who complete the application process by March 31.
  • In April, new families who have applied by March 31 will be notified with the amount of their financial aid award. 
  • For applications submitted after March 31, awards will be given on a case by case basis determined by the discretion of the Financial Aid Committee.
  • Families must accept or decline the award within 10 days of the notification of the award.
  • The Financial Aid Committee may accept and approve applications for new families at its sole discretion up to the beginning of the school year based on enrollment and class capacities.
  • Acceptance of new Financial Aid applications may be closed without prior notice for either individual classes or for all applications at any time after May 31st.


Frequently Asked Financial Aid Questions:

  • Should I apply for aid? We believe that the prime financial responsibility for a child’s education rests with the parents to the full extent that they are able. We would like to provide guidelines to help you decide whether to apply for aid, but we have found that each family’s combination of circumstances is unique. The most helpful guideline comes from your own knowledge of your family’s finances. 
  • What if I have important information that I do not believe is covered in the questions that FAST asks? If you feel that FAST needs additional information, please provide this information in the letter section of the FAST online application giving as much detail as possible. Tell how this situation has affected your ability to provide Christian education for your children. The letter section of the FAST application will be forwarded to the Financial Aid Committee so it’s very important that if you have any extenuating circumstances, you address them here.
  • What do I need to do if my circumstances have changed since I completed my income tax forms? Include this information in the letter section of the  FAST application explaining what has changed. State your best estimate of your annual income for the year in which you are applying for aid. 
  • Why does FAST ask about charitable contributions? Charitable contributions that can be verified can help you qualify for aid by reducing your net income below one of our cut-off points. 
  • What if I have not filed income taxes for several years? GCA requires that we have some way to verify your annual income; therefore your most recent tax return is required.
  • Are there any situations in which a financial aid grant would be recalculated? If a family is awarded financial aid based on multiple siblings attending GCA or other tuition-charging institutions and one or more of the siblings enrolls elsewhere, the family contribution of financial support must be recalculated according to these changed circumstances. Also, if the Financial Aid Committee becomes aware of information that suggests that the family’s ability to contribute to educational costs may be at a different level than previously determined, then the award will be re-evaluated. Should it be determined, at any time, that a family or applicant knowingly did not disclose significant income or assets, and that this failure to disclose resulted in a larger award of financial aid, then the award will be reviewed and decisions re-evaluated.
  • Will I have to reapply for aid again next year? Each year a family must reapply for financial aid.  




Calendar of Events

June 2017

06/24 - Sat Administrators and Teachers gone to ACCS Conference in Pittsburgh
 

July 2017

07/04 - Tue Office closed for July 4th Holiday
 

August 2017

08/14 - Mon Upper School Orientation
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