STO

STO Tuition Assistance FAQs_1819

FACTS Parent Flyer-Tax Documentation

FACTS Parent Flyer-Tax Documentation_Spanish

Video Resources for Parents

There are two brief videos for parents.

Dear Parent/Guardian,

The Our Faith, Our Children, Our Future School Tuition Organization (STO) and St. Matthew School are pleased to once again provide tuition assistance to qualifying families. This program, supported by over 1000 donors, provides expanded opportunities to help qualifying families afford the Catholic School of their choice. Tuition assistance through the STO is available to Iowa residents whose 2017 taxable income is at or below 300% of the federally determined poverty rate. STO funds are only available for K-12th grade students.  Early childhood or preschool fees or tuition are not eligible.

The STO program will be utilizing FACTS Management in Lincoln, NE to assist in determining the level of assistance to be awarded. FACTS Management has an application that all families need to complete to be considered for assistance. Your personal information will be held in strictest confidence at all times. If you have a child at more than one Archdiocesan School, you will only need to complete one application form. If divorced parents each pay a portion of the tuition bill, then each household needs to complete an application for a possible award towards their portion of tuition. There is a $26.00 non-refundable processing fee for the online application payable to FACTS.

The FACTS application needs to be completed no later than March 29, 2018.  The application is available online at online.factsmgt.com/aid in both English and Spanish.  In addition to your completed application, you must include a copy of current wage and tax information.  See the attached “Grant & Aid Assessment” flyer from FACTS for specific requirements. Tax and wage documents can be scanned or faxed by March29th.  We urge you to complete the materials early to allow time for notification of any missing/incomplete materials.

To assist you in completing the application, the FACTS call center is open Monday through Friday from 7:30 am-9:00 pm at 1-866-441-4637. The FACTS online application also has a chat feature to assist parents available Monday-Friday from 8:00 am-5:00 pm.

At St. Matthew School we are happy to assist you with the application process. If the processing fee is cost prohibitive for your family, please contact me.

St. Matthew School also has local funding to provide tuition assistance over and above the STO program thus providing supplementary tuition assistance. Our local assistance program is open to St. Matthew Parish members, not just those eligible for the STOTo qualify for local assistance families must first submit a FACTS application and then complete a request for local assistance. Please contact Mr. Wolf.   

Award notification letters will be mailed on or before May 11, 2018. A summary timeline with specific information concerning the application deadline is found below.

We strongly encourage interested parents to complete an application. The Our Faith, Our Children, Our Future STO coupled with our local tuition assistance program will be able to make Catholic Education affordable for all.

If you have questions about the assistance program, contact the school at 362-3021 or jwolf@stmatthewcr.org  Contact the FACTS call center at 1-866-441-4637 with specific questions about the application. This is a wonderful opportunity for qualifying families.

Sincerely,

Mr. Wolf

Summary Timeline

 

January 1       Applications available on-line at online.factsmgt.com/aid.

March 29        Completed applications must be submitted with all required tax materials scanned or faxed by this date. Applications with missing information cannot be processed.

May 11           Award notification letters sent to all families who applied.

June 1             Families receiving assistance send confirmation they are accepting/declining the assistance back to the school.

 

*Note applications that are incomplete on Marc 29th or new applications after that date will be considered for round #2.  Amounts of any available later awards can be considerably smaller.

 

 

STO Qualifying Levels

 

The new federal poverty rates are expected in late January and will be advertised as soon as they are available.  Last year an Iowa family of four with an adjusted gross income at or below $73,800 could qualify for assistance.

 

 

FACTS tuition assistance through the Diocese of Dubuque is available to all students.  St. Matthew School is a member of the Our Faith, Our Children, Our Future School Tuition Organization (STO).  The STO offers tuition assistance to families based upon their identified financial need and the amount of money available in the pro­gram, as determined by FACTS.  Those families whose income is at or below 300% of the federal poverty level qualify for assistance through this program.

PAST                    2007-2017       Received $818,293     Helped 684 Students

Present                2017-2018       Received $ 87,064      Helped 68 Students