Financial Assistance for School Tuition
Approximately 50 percent of the school’s annual operating expenses is covered by government grant; the balance of which is covered by tuition. Accordingly, tuition plays a critical role and controls the quality of the education Kelowna Christian School is able to offer. Since the beginning of our school in 1978, significant funds have been devoted to assist those families experiencing temporary financial hardship or for whom paying full tuition is beyond their financial means. For the 2017–2018 academic year, Kelowna Christian School plans to distribute $175,000 or 5.6% of its projected tuition income in need-based financial aid.
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 financial assistance will be given or how much to give. Rather FAST provides a need-based financial aid analysis service which includes a recommendation of what a family should reasonably contribute toward tuition. All information from FAST is kept strictly confidential. Results are reviewed by the school’s Business Office and Financial Aid Committee which makes recommendations based on the annual Financial Assistance Fund budget. A letter confirming the amount of financial aid is sent to families no later than the first week of June.
While the availability of school resources, the number of qualified applicants, and overall budgetary constraints influence financial assistance decisions, Kelowna Christian School is committed to making grants available to as many eligible applicants as possible. In an effort to make the process fair to all, Kelowna Christian School considers the following when making award decisions:
- Both parents are expected to contribute to tuition. If a parent chooses not to work, Kelowna Christian School imputes an annual income for a non-working parent.
- In the case of divorce or separation, Kelowna Christian School requires both parents to file an application for financial assistance. The school is not bound by any divorce agreement specifying a parent’s responsibility for educational expenses.
- Kelowna Christian School believes a family should invest in their child’s education before elective expenses, for example, secondary home ownership, club memberships, expensive car leases/purchases, and elaborate vacations.
No financial aid procedure can be entirely equitable—there are simply too many individual factors and extenuating circumstances—however we believe the process that has been established serves Kelowna Christian School well.
Financial Aid Procedures
- Once you have entered and completed your FAST application, the school’s Business Office can access your application.
- Early in May, the Financial Aid Committee meets to review all completed applications and results of FAST’s financial aid analysis; it then prioritizes applications and makes decisions based upon the school’s annual Financial Assistance Fund budget.
- Late May, the Business Office sends a letter confirming the amount of financial aid granted to families, and upon approval, adjusts the annual tuition payable for the school year.