As a ministry of the Catholic Community of St. Francis of Assisi, the parish makes a strong commitment to need-based financial aid at TFS, with the hope that no deserving student is denied this educational opportunity because of limited means. Indeed, TFS was founded in 2000 with a commitment to making a Franciscan School education available to all students regardless of family financial means. In the 2012-13 academic year, over $315,000 in financial aid was awarded.
Should tuition costs, changing family circumstances, or the enrollment of a second or third child at TFS strain the monthly budget beyond its limit, parents should ask the Director of Mission or the Bookkeeper for FACTS information that will guide them through an online financial application process.
The TFS need-based financial aid application process is straightforward and uncomplicated, and is not at all unlike completing a Federal tax form. After entering such items as income, assets, indebtedness, and unusual financial circumstances, FACTS criteria will develop an “adjusted effective income” on which they will calculate a family’s “discretionary income available for education”.
One of the most important aspects of our financial aid program is that it provides a “safety net” for all of our families and students, assuring that whatever happens through job loss, divorce, death of a parent, or career change that TFS will be a port in the storm by helping families through difficult times, providing continuity and consistency for our children at a time when the last thing a family or child needs to worry about is a school change.
These financial aid resources, available only to registered parishioners, come from three sources: a dedicated St. Francis of Assisi parish tithe, from endowed funds set up at the School’s founding solely for this purpose, and the Diocese of Raleigh's God's Work our Challenge endeavor. We are grateful for this commitment that allowed us to respond to each request.
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