Financing Catholic Education

Catholic school is certainly an investment in your child’s future that will last a lifetime, but how you will pay for it is a question most parents struggle with. We have outlined below an example of just some of the returns you can expect from your investment at St. Ursula and some important information about how to afford this investment for your child.

 

What kind of returns will my child receive from an education at St. Ursula School?

• Values-based teaching grounded in the tradition of the Roman Catholic Church.

• Superior education that positions your child for a lifetime of opportunity.

• Caring and supportive learning environment enhancing your child’s self-esteem.

• Daily wellness activities that develop your child’s mind, body, and spirit.

• Safe, secure, and peaceful atmosphere of respect, re-enforced by discipline.

• Open, collaborative communication focusing on what’s best for your child.

 

You understand these values, but you may need a plan to finance your child’s ability to experience them at St. Ursula School.

Take a moment to review the tuition at St. Ursula as well as the financial options available to you.

Total Family Cost$3850$6225$7465$8085$4300$7200There is no multi sibling discountChildrenFirst childSecond childThird childFourth ChildNon-CatholicN-C 2nd StudentReady K TuitionPer month - 10 months (Aug-May)$385.00$622.50$746.50$808.50$430.00$720.00Per Year$3850$2375$1240$620$4300$2900$3850/full day program2016 - 17 Kindergarten thru 8th grade tuition

Option # 1 Diocesan Scholastic Opportunity Fund & Bishop’s Education Fund

We encourage all families to apply for tuition assistance through the Diocesan Scholastic Opportunity Fund and The Bishop’s Education Fund. Approximately 13% of all families at St Ursula receive some type of tuition assistance. In order to apply you can obtain an application for Student Aid through the school. You may print the financial aid form here or contact the school office for a paper copy.  This application will require a copy of your family’s W-2. To ensure confidentiality and a systemized approach to need assessment, the student aid form should be mailed directly to Private School Aid Service in Lakewood, Ohio. The application processing fee is $25. This fee covers processing for both the Scholastic Opportunity Fund, The Bishop’s Education Fund, Pre School Scholastic Opportunity Scholarship Program and the Educational Improvement Fund (detailed below).

Option #2 St. Ursula EITC Fund

Through the generosity of local businesses and the Educational Improvement Tax Credit, St. Ursula School is able to offer additional tuition assistance for those who qualify. Application for the EITC funds, Scholastic Opportunity and Bishop’s Education Funds are all completed on the same form described above. Financial assistance awards are based upon your family’s income, number of dependents and any extenuating circumstances. Financial assistance awards vary depending on your family’s financial situation as well as the amount of funds budgeted for financial assistance by the Diocese and St. Ursula School. A couple with one child making $72,000 plus $12,000 for each additional dependent will qualify for some form of financial assistance. If you decide to apply and need help completing the application, please call the school office at (412) 486-5511.

Option #3 Pay in Full or Semi Annual Payments

You can make your full tuition payment to the school in mid-August. Or, you can pay half your tuition balance by mid-August and the second half by mid-January. These options save you the enrollment fees associated with our monthly payment plans outlined below.

Option #4 Monthly Tuition Payment Plan

If you have an outstanding tuition balance that is not covered by tuition assistance and you do not wish to make a full or semi annual payment, you must enroll in the FACTS Tuition Payment Plan. Our partnership with FACTS allows you to choose to have your tuition balance divided into 10 monthly payments. These payments can be automatically withdrawn from your checking/savings account, applied to your credit card or you may pay monthly by invoice and check. The monthly payment plan is the most popular option at our school. Currently, over 90% of parents with outstanding balances use FACTS to finance their child’s education.

What is FACTS?

FACTS partners with colleges, universities and private schools to help make education more affordable for students and families. FACTS provides families with the following benefits:

• Interest-Free Monthly Payment Options (Total tuition bill is divided over 10 months)

• The option to withdraw tuition payments directly from your checking/savings or credit account, eliminating the need to remember to send one more bill!

To select the interest free payment plan option offered by FACTS, you can obtain a copy of the application from the school office or request one here. FACTS charges a small fee for set up of the account.

 

Visit the Facts Website to set up tuition payments for the school year

 

Regardless of which payment option you choose, you will find the investment made in a St. Ursula education is one that will pay dividends for many years to come!

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