1. Financial Aid presentation
Presented By:
Michelle Rupright
St. Joseph Parish Business Manager
January 11, 2018

2. Presentation Overview
Mission of the Church
Current tuition rates and cost per student
Forms of Financial Aid
What is a School Choice Scholarship and an SGO ?
Eligibility and application process for the different forms of aid

3. Mission of the Church
The mission of the Church is to proclaim the love of God revealed by His Son, our redeemer. (Bishop Kevin C. Rhoades)
Our Parish supports our Catholic School as one way of carrying out this mission
Catholic Schools assist both parents and our parish, as a whole, in this mission of proclaiming the love of God to our young children
Fr. Bill has been emphasizing in our staff, council, etc. meetings that we should be mission oriented.

4. St. Joseph School Tuition Rates
Tuition increased substantially for
Registration, tuition, and fees for a family of:
1 student: $3500
2 students: $6500
3 students: $9000
4 students: $11,000
Obviously, the need for student financial aid increases as tuition increases

5. Cost per Student Year 2015-2016 Year 2016-2017
Total educational expense: $686,328
More than 82% are fixed costs
Enrollment: 109 students
Cost per student: $6297 (686,328/109)
Year
Total educational expense: $700,839
Enrollment: 112 students
Cost per student: $6,257 (700,839/112)
More students decreases cost per student
Cost per student drives tuition rates
The gist of this slide is that more students decreases the cost per student

6. Forms of Financial Aid Parish subsidizes school approximately 40%
Diocesan policy is 20%-40% subsidy
Actual subsidy was 41% of $700,839= $287,138
Actual subsidy was 47% of $686, 328=$321,460
Indiana School Choice Scholarships
Funded by the State of Indiana
SGO scholarships
Funded by direct donations to the Scholarship Granting Organization (SGO)
Pathway to receiving State Choice Scholarships
Tuition Assistance
Legacy of Faith, Outside Scholarships, & Scrip

7. Registered Active Family Registered Non-Active Family
Parish Subsidy
Cost per student
$6, 257
Parish Subsidy
Registered Active Family
Non-Registered/
Registered Non-Active Family
% cost per student
40%
60%
100%
1 student
$2503
$3754
$6257
2 students
$5006
$7508
$12,514
3 students
$7509
$11,263
$18,771

8. School Choice Scholarships
Indiana is committed to providing all children access to quality educational opportunities (DOE)
Choice scholarships provide state funding to qualifying students that can be used to offset tuition costs at participating choice schools
It is NOT a government handout
It is your state taxes that have been earmarked for your child’s education whether it be at a public or private choice participating school, the money follows the student

9. School Choice Scholarships Continued
To qualify, students must meet state requirements :
Household size and income requirements
Student eligibility criteria or “Pathways”
Persons in household
Larger Scholarship
Smaller Scholarship
SGO Scholarship 1
$22,311
$33,467
$44,622 2
$30,044
$45,066
$60,088 3
37,777
$56,666
$75,554 4
$45,510
$68,265
$91,020 5
$53,243
$79,865
$106,486 6
$60,976
$91,464
$121,952
Add:
$7,733
$11,600
$15,466

10. School Choice Pathways
Continuing Choice Scholarship Student Pathway
Previous Choice Scholarship Student Pathway
Previous SGO Award Pathway
Special Education Pathway
“F” Public School Pathway
Sibling Pathway
Pre-K Pathway-our Pre-K does not qualify at this time
For information only:

11. School Choice Application Process
Income verification & application are completed by appointment with our school principal through the DOE
Bring copy of 2017 Tax Return
Bring other income documentation including government assistance, social security, unemployment, and child support
Forms to be signed upon completion of application: Summary Sheet, Endorsement Form, and Parent Agreement
Applications accepted March 1 – Sept. 1, 2018

12. SGO Scholarships
Scholarship Granting Organization of Northeast Indiana (SGONEI)
This non-profit organization receives donations from individuals and corporations for the purpose of awarding scholarships, referred to as SGOs, to students attending Catholic schools in the Fort Wayne-South Bend Diocese
Approved by the Indiana Department of Education
State law mandate: minimum student SGO scholarship award is $500
Students qualify by household size and income guidelines set by the state
Application process same as tuition assistance

13. Tuition Assistance
Fund is supported by second collections at weekend Masses, scrip rebates designated to this fund, ND tailgate fundraiser
Must apply online through Facts Grant & Aid Application at
Deadline: April 30, 2018
Late application may result in less assistance
Income verification required
Tax return & W-2 statements submitted to Facts

14. Facts Grant & Aid
You must apply through Facts Grant & Aid Application, and your application must be income verified, in order to receive tuition assistance, an SGO, or for the first time receiving a school choice scholarship
Current school choice recipients do not need to use the Facts application
You must reapply every year for all 3 forms of aid

15. Legacy of Faith, Outside Scholarships, Scrip
Legacy of Faith is a diocesan endowment that helps support Catholic schools
Prior years we used this towards the school’s general expenses
Beginning this current year, we budgeted it for tuition assistance
Large Family Fund, Bishop D’Arcy, Maurice & Lucile Wyss Scholarship
Scrip rebates can be designated towards your tuition
Families should be purchasing scrip if they want tuition assistance

16. FACTS Tuition Management
All families that do not pay in full prior to the first day of school should be signed up for FACTS tuition management
Agreement form must be filled out and signed and turned back into the school office
EFTs from your bank account to ours
Choice of checking or savings account withdrawals on the 5th or 20th of each month
Not to be confused with FACTS Grant & Aid

17. Questions?