When a family with financial need has the desire to send their child(ren) to OLR and are willing to participate in the school and parish life, there are several forms of grants and scholarships available for them.
FACE Grant: FACE (Family Aid-Catholic Education) Grant is a Diocesan program which offers limited financial aid to some students based on financial need. Each school receives applications for FACE tuition assistance in the spring for the following school year.
The FACE Grants are paid twice a year directly to the School. Parents/Legal Guardians who feel they have they have a financial need should contact the school office for an application in the spring. The school must submit all grant applications for the school year by the due date.
The BASIC Fund Scholarship:
The BASIC Fund (Bay Area Scholarships for Inner-city Children) program is available to students entering Kindergarten through eighth grade to attend private schools in Alameda County. The program provides scholarships to help families send their children to the private school of their choice. The BASIC Fund scholarships are awarded on the basis of financial need. Applications are due in the Spring prior to the next school year.
OLR School Grant
As we communicate and work with some families, we find that they are unable to attend our school without additional assistance over and above what FACE, Basic Fund or other scholarships have to offer. We award our own grants to families who demonstrate genuine need and exceptional concern for the education of their child(ren) and for both the school and parish. The evaluation of need is based on the completion of the PSAS, submission of financial documents, and a letter stating your personal financial challenges. On special situations, an additional interview with the Principal and/or Pastor may be necessary.
PSAS : PSAS (Private School Aid Service) provides a comprehensive service which handles all aspects of the financial aid application and verification process. The FACE scholarship application is a part of the PSAS application. The PSAS is used to determine eligibility for ALL financial aid (including Our Lady of the Rosary School Grant).
The PSAS and Basic Fund scholarship applications can be picked up in the school office or are also available online. Parents are informed of the availability of the applications and the due dates through the weekly family newsletter.
Application of Grant/Scholarship Money:
When a family receives a scholarship or grant, or other scholarship money proceeds are first applied to the family’s account to cover any outstanding balance. Once the outstanding balance has been paid the remainder of the money is awarded to the family’s account in equal monthly installments, the last installment being awarded in May. In the event that a family leaves Our Lady of the Rosary School, FACE or BASIC Fund Scholarship funds are transferable to other Catholic schools in the Oakland Diocese.
Should a family transfer to a school outside of the Diocesan system, future payments are forfeited. Families never receive a direct cash payment from FACE, BASIC Fund and/or other scholarship/grant programs.
Please contact Mrs. Garcia for more information regarding Financial Aid.