FINANCIAL PHILOSOPHY
Cornerstone Prep is committed to academic excellence, which necessitates a long-term commitment to qualified, dedicated faculty and an ongoing investment in their continuing education. We heartily endorse the Christian high school experience as the final significant academic journey before teens are released as legal adults into the care, custody and control of post-secondary educators. Parental investment in assuring their teens’ competence as Godly, critical thinking scholars is therefore priceless and of lifelong value.
Having stated that, we realize that college is on the horizon for the majority of our students, and pledge to:
1. Make every effort to keep tuition affordable, including the availability of financial aid, tuition payment plans and scholarships so that every mission-appropriate student who desires a Cornerstone Prep education has the financial resources to make it possible; and
2. Provide an environment of academic study and extracurricular activities that is rigorous and effective so that students qualify for college scholarships and college credits based on above average performance, successful completion of AP classes, high class rank and scores on PSSA, SAT and ACT tests, as well as athletic, fine arts, music and other scholarships.
TUITION AND FINANCIAL AID INFORMATION for 2009-10
(Scholarships and Financial Aid normally available to qualified applicants- ASK!)
Tuition for full time students $ 5800.00
Registration Fee (Non-Refundable) $ 150.00
Monthly payment plans are available through FACTS Tuition Management
Register now for monthly payments at: https://ecashierk12.factstuition.com/ecashierk12/Controller?&query=9F901/15317
Tuition reduction is offered as available to qualifying students through:
1. Educational Improvement Tax Credit Scholarships
Scholarships for up to 100% of tuition may be available, depending on fund availability and financial need- Income guidelines apply. An eligible student is a school age student who is a resident of Pennsylvania enrolled in a school located in this Commonwealth and who is a member of a household with an annual household income of not more than $50,000, except that an additional income allowance of $10,000 is permitted for the student and for each other dependent (as defined by the IRS) living within the same household. “School age” ranges from the earliest admission age for a school's kindergarten program through the age attained upon graduation from secondary school or 21 years of age, whichever occurs first.
A household includes an individual living alone or an individual living with the following:
a. a spouse, parent and their unemancipated minor children;
b. other unemancipated minor children who are related by blood or marriage; or
c. other adults or unemancipated minor children living in the household who are dependent upon the
individual.
In calculating household income for the purpose of determining student eligibility, all moneys and property received of whatever nature and from whatever source are to be included, except for the following:
a. Periodic payments for sickness and disability other than regular wages received during a period of sickness or disability.
b. Disability, retirement or other payments arising under workers' compensation acts, occupational disease acts and similar legislation by any government.
c. Payments commonly recognized as old age or retirement benefits paid to persons retired from service after reaching a specific age or after a stated period of employment.
d. Payments commonly known as public assistance or unemployment compensation payments by a governmental agency.
e. Payments to reimburse actual expenses.
f. Payments made by employers or labor unions for programs covering hospitalization, sickness,disability or death, supplemental unemployment benefits, strike benefits, social security and retirement.
g. Compensation received by United States servicemen serving in a combat zone.
Example: a family that earns $60,000 or less per year and has one dependent child qualifies, $70,000 and two dependent children, $80,000 and three dependent children, etc.
2. Privately funded scholarships- based on guidelines of the scholarship grantor
3. Corporate scholarships- based on guidelines of the scholarship grantor
Applications for financial aid are confidentially submitted directly to FACTS for third party verification and award recommendations.
"We're to acknowledge God owns all of the world's resources. Whatever we have is a gift from His hand. Remember His goodness and love, which prompted Him to sacrifice His Son. Accept that belonging to Him means releasing our grip on our finances and trusting Him to meet our needs." Dr. Charles Stanley
Apply now for Financial Aid or Scholarships through FACTS Grant & Aid Assessment:
Families interested in confidentially applying for financial aid or scholarships will need to
Complete an application and submit the necessary supporting documentation directly to FACTS Grant & Aid
Assessment as soon as possible. Apply online at www.factstuitionaid.com
(If you have applied to Cornerstone Prep and paid your $150 application/registration fee there is no charge for the financial aid
application process. * All others, please remit a check to Cornerstone Prep for $20, which can be deducted from your application/registration fee when you apply.)
The following information is required in order for FACTS to process your application:
1. Completed online application (or signed completed paper application, which will be arriving via regular mail if you requested a scholarship or financial aid.) *** Please apply online if possible to expedite the approval process, which is very important at this date. Cornerstone Prep's FACTS ID# is F901.
2. The following information to verify income must be mailed directly to FACTS in order to protect your confidentiality. (An information packet and envelope addressed to FACTS Grant & Aid Assessment is available in the office or can me mailed to you upon request.)
- A copy of your 2008 federal tax return, including all schedules. If you have not yet filed your 2008 return, enclose a copy of your 2007 return with all schedules.
- Copies of your 2008 W2’s for both you and your spouse.
- Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers’ Compensation payments and TANF.
When FACTS has completed review of the application, Cornerstone Prep will be notified of financial eligibility. Final decisions about scholarships are made by Cornerstone Prep.
If you have specific questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 1-866-315-9262.
For questions about scholarships at Cornerstone Prep, call Mrs. Cindi McCall at (724) 941-1233.
* Applications and checks for registration fees and/or financial aid analysis can be mailed to Cornerstone Prep at: 250 Brookwood Road, Venetia, PA 15367