Assets

Family assets may include: taxable wages, if self-employed, income drawn as salary but not included as business profit, taxable dividend and/or interest income, alimony received, pensions, annuities, rent, royalties, estates or trusts, household expenses paid by a separated or divorced spouse in lieu of alimony, unemployment compensation, capital gains, taxable IRA distributions, Keogh plan payments, profits from a business, child support received, Social Security benefits, real estate, vehicles, bank accounts, investments, and student income/assets.

Expenses & Debt

Typical expenses and debts: educational expenses, encumbrances against home, medical/dental expenses, debts for investments, prolonged illness, unemployment, past business debts, uninsured natural disasters, past funeral expenses, legal fees, nursing home/assisted living care, closing costs for home purchases/refinancing, child support, costs for a child with special needs, and child care.

Non-Working Parent

If all children in a family are over the age of six, it is expected that both parents will be employed. If one parent chooses not to work, we input a full-time income at minimum wage ($15.50/ hour or $32,240) to that parent for the purposes of calculating Tuition Assistance.

Filing Status

If all children in a family are over the age of six, it is expected that both parents will be employed. If one parent chooses not to work, we input a full-time income at minimum wage ($15.50/ hour or $32,240) to that parent for the purposes of calculating Tuition Assistance.

Tuition Assistance Application

To determine whether a family qualifies, complete the FAST application, a Monthly Budget Worksheet, and submit a copy of your 2022 and 2023 federal and states tax returns. All applications must be completed and received by February 1, 2024.

For more detailed information or any questions, please contact the Business Office at businessoffice@pacbay.org.

More Information on FAST

• For 24/7 customer service, call (877) 326-FAST.

• Refer to the FAST Parent User Guide for instructions on how to navigate the online application.

• There is a $53 charge assessed by FAST for the application due by credit card at the end of the session.

• After completing the online application, you will be required to submit your 2022 and 2023 state and federal tax returns with all supporting schedules and W-2's.