Admissions » Affording Virginia Chance School

Affording Virginia Chance School

Thank you for considering Virginia Chance School for your family. For most families, investing in an independent school education requires careful financial planning. As you will or have learned from the admissions process, families find great value in the Virginia Chance School educational experience by the unique way we foster lifelong learners and develop charisma.
Virginia Chance School offers partial tuition assistance at the elementary level only. We want to make sure that a Virginia Chance School Elementary education is accessible to students from all backgrounds, regardless of their financial resources. Having children attend from all socioeconomic backgrounds helps to support an environment where children learn best, in the company of others who challenge their assumptions and offer different perspectives.

A Virginia Chance School education is valuable and sought after, and we desire to help provide that education to children who are accepted into Virginia Chance School and can demonstrate the need for financial assistance. Any Chance family who is unable to attend because of financial reasons is encouraged to apply. The Virginia Chance School tuition assistance process is as follows:
  • A one-time $115 non-refundable application fee is required to start the enrollment process payable to VCS.
  • After your child is accepted into the program, a $200 non-refundable yearly registration fee is required to reserve your child’s spot in the school according to Virginia Chance School’s admissions steps and dates payable to VCS.
  • The next step is to complete a financial aid application online and provide supporting documents to FAST (Financial Aid for School Tuition) by March 1, 2021, for first-round decisions. To complete your online aid application and for assistance, click on the link FAST Online. You may also contact the Director of Finance & Operations, Karen Linton, at 502.425.6904 or for assistance.
  • FAST requires payment of a non-refundable application fee $45 and will process only one application per family, payable to FAST Online at the end of the online application. Please allow 3-4 weeks for processing each application. Complete financial aid application packets will be processed; incomplete ones will NOT. Faxed applications will not be accepted.
  • COPIES of the following documentation is needed to complete your FAST application. 2020 tax year information is preferred however 2019 tax year information will be accepted. Please send all items requested so that your application is processed promptly.
    • W-2s – AND your last pay stub of the year
    • W-2G – needed for gambling winnings
    • 1099s for IRA, Pensions/Annuities (if you have entered figures on lines 15 and 16 of the Federal 1040), Unemployment Compensation, Cancellation of Debt
    • Federal Tax Return – 1040 – 1040A – 1040 EZ (please send complete copy of only the current year taxes, unless otherwise requested by your school)
    • Additional applicable schedules: Schedule C or C-EZ (Business Income); Schedule D (Capital Gains); Schedule E (Supplemental Income)
    • State Tax Return if your State requires you to file a Return
    • All Business Tax returns, such as K1s and 1120 for S Corp (if your business is incorporated)
    • If you own the home you live in, please send proof of Property Taxes paid
    • Documentation of Alimony and/or Child Support.
  • Upon receipt of FAST’s financial analysis and recommendation, Chance’s Tuition Assistance Committee will review the findings and recommendations, make decisions, and notify families of financial aid decisions on a rolling basis.
  • Tuition Assistance applicants providing required paperwork after this deadline will be considered if funds are still available.
  • All information submitted for the purpose of making tuition assistance decisions is confidential but also strictly follows anti-racism protocols.
  • Tuition assistance decisions are awarded on a year-by-year basis. All recipients must reapply for each school year to be considered for tuition assistance.
  • Total upfront cost for the tuition assistance enrollment process is $360 calculated from above for the first year and $260 for the following years.
  • You may contact FAST directly for help or contact Virginia Chance School’s Director of Finance and Operations, Karen Linton, in the school office at 425-6904 or
  • Outside of this process please understand that you have a responsibility to financially support Virginia Chance School. Please be aware that even full tuition does not cover the entire cost of educating our students; therefore your support is essential to the school’s ability to consistently fulfill its mission of providing academic excellence in a positive and nurturing environment. Your responsibilities include making timely tuition payments and contributing to the two major fund-raising efforts of the year- Challenge for Chance and the Auction – to the fullest extent you are able.

Tuition Assistance ApplicationFAST Online

FAST Processing
1316 North Union Street
Wilmington DE 19806-2594