St. Teresa of Avila School uses FACTS Management, an objective need calculator, to help determine a family’s financial need. Families complete a FACTS financial aid application which FACTS assesses. All submitted FACTS applications are reviewed by the St. Teresa business office. FACTS is also used by the Archdiocese for the Catholic Education Foundation Scholarship application (see below).
FACTS applications are to be completed online by May 1st.
OHIO ED CHOICE
The Educational Choice Scholarship (EdChoice) Program provides students from underperforming public schools the opportunity to attend participating private schools. The program also provides low income students who are entering kindergarten through third grade the same opportunity. The program provides up to 60,000 EdChoice scholarships to eligible students. For more information or to apply contact the school office or follow the link provided. The online student application system will open February 1, 2023.
CATHOLIC EDUCATION FUND – ESAP
Founded in 2005, the purpose of ESAP is simple – to make Catholic education affordable to families in need. ESAP accomplishes this through Tuition Assistance and The Butch and Karen Hubert Scholarship. St. Teresa uses these funds to distribute financial aid through the FACTS applications.
MONSIGNOR WILLIAM R. BOYLE SCHOLARSHIP
This partial scholarship is given each year to a student in Grade 8 who will be attending a Catholic High School. The selection of the recipient is based on outstanding academic achievement as well as exemplary Christian living. Junior High students are made aware of this award at the beginning of the school year.
FATHER MICHAEL L. BIDWELL TUITION GRANT FUND
The Father Michael L. Bidwell Tuition Grant Fund assists with tuition. All families should fill out this form and return with the registration form.
Applications are due at time of registration.
TONY SAMOYA & JEN SHERMAN MEMORIAL SCHOLARSHIP
The Tony Samoya and Jen Sherman Scholarship was established in loving memory of two of our previous St. Teresa students. To qualify for this scholarship, the St. Teresa student must be in grades 1-8, be involved in sports, be a member of the parish, and have a financial need for the assistance. To be eligible for consideration, the family must complete both the FACTS online by January 31st and an additional application provided by the school by March 31st.
CATHOLIC EDUCATION FOUNDATION
The Archdiocese’s One Faith, One Hope, One Love campaign designated a significant portion of the funds raised to help families with Catholic school tuition assistance. Parishioners and non-parishioners are eligible to receive this tuition assistance.
Each year there is an application period for elementary students, grades K-8. The current deadline to apply is February 3, 2023. To apply, the family will need to fully complete a FACTS Grant and Aid application by inputting financial information (such as sources of income, assets, and household expenses) including their prior year tax return and W2s. FACTS then uses an internally built calculation to determine financial need based on the family’s ability to pay. Please note that a student is not eligible to receive a CEF Scholarship if he or she is on an Ohio EdChoice Scholarship or Jon Peterson Special Needs Scholarship that covers their full tuition balance. CEF funds can only be applied to a remaining tuition balance. The CEF funds are not able to be applied to any outstanding fees or back owed tuition.
Awarding determinations will be made by the end of February and notification letters are sent to the family via USPS mail. Each school is provided a listing of awarded students and will receive payment in the fall of each year, after enrollment is verified.
Apply online at the St. Teresa FACTS website (https://online.factsmgt.com) and use St. Teresa’s code 16731. The Archdiocese will be awarding up to $1,000 per student based on financial need.
St. Teresa will be giving tuition aid, but only after the Archdiocese distributes their awards.
Again, you must apply by February 3, 2023 through FACTS to first be eligible for the Archdiocese’s financial aid. This will then be used to determine your eligibility for the 2023/24 school year tuition assistance at St. Teresa.
For more information about the Archdiocese’s new tuition aid program go to this website, www.catholicbestchoice.org for details and more information. You can also call the parish office with questions.