Financial assistance is available for families of St. Teresa of Calcutta Catholic School. Scholarships are available to families who meet the criteria for E.I.T.C. scholarships such as The Neumann Scholarship. All applications for tuition assistance are processed through the FACTS system. This includes both the Neumann Scholarship and any need-based school scholarships.
All Pennsylvania and Maryland residents will use the FACTS Tuition Management Program to apply for financial assistance. There is an application fee assessed by FACTS to apply for financial assistance. While all families are eligible for school assistance, only Pennsylvania families are eligible for the Neumann Scholarship administered by the Diocese of Harrisburg. ALL FAMILIES MUST APPLY TO RECEIVE ANY FORM OF TUITION ASSISTANCE NO MATTER IF PENNSYLVANIA OR MARYLAND RESIDENTS. Application deadline for the 2020-2021 school year is March 1st – no exceptions!
The Family Choice Scholarship is also available to families who reside in the State of Pennsylvania. The Family Choice Scholarship Program is a non-profit initiative of the Pennsylvania Family Institute which has provided important, timely help to hundreds of Pennsylvania families in need. Family Choice has allowed parents of preschool age children through 12th grade to choose the best educational experience for their child, including private and religious schools. The application for the 2020-2021 school yearhas not yet been released
At times, we may become aware of other scholarships which pertain to our students. Any information regarding these scholarships will be sent home via the Weekly Update.
Update on 529 Plan Distributions
for K-12 Expenses
- Account owners can use assets to pay for qualified K-12 expenses up to $10,000 per year, per student.
- Account owners can treat K-12 withdrawals as qualified education expenses with respect to federal tax and PA PIT purposes.
- Account owners can roll over 529 plans to Achieving a Better Life Experience (ABLE) savings plans (an IRC Section 529A plan), up to the ABLE annual contribution limit as determined under IRC Section 2503(B). However, a taxpayer may not claim a deduction for the rollover amount on their PA-40 return.