Approximately 50 percent of the school’s annual operating expenses are covered by government grants; 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 assisting those families experiencing temporary financial hardship or for whom paying full tuition is beyond their financial means. UPDATE: For the 2020–2021 academic year, Kelowna Christian School plans to budget up to $450,000 or 11.5% 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:
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.
The deadlines for applying for financial aid for the 2020-2021 school year are as follows:
May 30, 2020: FAST applications for currently enrolled, returning families, must be completed and all supporting documents (i.e. tax return & other forms) must be received by FAST. This is to ensure sufficient time for applications to be adjudicated and financial decisions rendered prior to the June 15th annual deadline for Continuous Enrollment.
Once this deadline has passed, all families (both new and returning) can still complete an application, however financial aid may not be awarded if the annual Financial Assistance Fund budget is fully committed to prior applicants. Therefore, if a need for financial aid exists, families should not delay; they are advised to submit their FAST application at the very earliest opportunity.