Scholarships and Tuition Assistance

Financial assistance is available for families of St. Teresa of Calcutta School.  Scholarships are awarded, with limited exceptions, to families who meet various income criteria.

All Pennsylvania and Maryland residents will use the Simple Tuition Solutions "STS" tuition management program to apply for financial assistance.  Application deadline for the 2022-2023 school year is February 28th!  Familes who do not fill in a financial assistance application with STS will not be considered for any need based tuition assistance or scholarships.

Scholarships Offered

  1.  Neumann Scholarship
    Families must be residents of the State of Pennsylvania, have a child attending and/or accepted to attend St. Teresa of Calcutta School in Preschool - 8th grade, and fall below the state guideline for maximum income established for the current school year.  Scholarship funds received by St. Teresa of Calcutta School vary by school year and are not guaranteed.
  2. The Family Choice Scholarship
    Families must be residents of the State of Pennsylvania and have a child attending and/or accepted to attend St. Teresa of Calcutta School in Preschool- 8th grade.  The application for the 2022-2023 school year will  be found here when available.  This scholarship is need based and determinations will be made based upon your submission to STS.  The average award ranges from $300 - $1,000 per student.  Application deadline is July 1st each year.
  3. OSTC Scholarships
    Students in Preschool - 8th grade who currently attend or have been accepted to St. Teresa of Calcutta School, and who live within the attendance boundaries of a low-achieving school, as determined by the Pennsylvania Department of Education, are eligible to receive a scholarship if their household’s annual income is below the maximum income established for the current school year.  Scholarship funds received by St. Teresa of Calcutta School vary by school year and are not guaranteed.
  4. STC Scholarship
    Families can be residents of the State of Pennsylvania or the State of Maryland and have a child attending and/or accepted to attend St. Teresa of Calcutta School in Preschool - 8th grade. Federal poverty guidelines for the current school year are consulted prior to making any scholarship awards. Scholarship funds received by St. Teresa of Calcutta School vary by school year and are not guaranteed.
  5. SPE Scholarship
    Your tax dollars fund our SPE Scholarship.  Any family making $40,000 or more per year may divert up to 100% of their Pennsylvania taxes to St. Teresa of Calcutta School in return for a tax credit on their Pennsylvania tax return.  This money can then be used as scholarships for families who have a child attending and/or accepted to attend St. Teresa of Calcutta School in Preschool - 8th grade.  Awards are given first to those needing assistance based on federal poverty guidelines, and if there are funds remaining, STC will distributed these funds to families based on their child's educational merit.  Scholarship funds received by St. Teresa of Calcutta School vary by school year and are not guaranteed.
  6. Guy Smith Memorial Scholarship
    Families must be residents of the State of Pennsylvania or the State of Maryland and have a child attending and/or accepted to attend St. Teresa of Calcutta School in Preschool - 8th grade. Federal poverty guidelines for the current school year are consulted prior to making any scholarship awards. Scholarship funds received by St. Teresa of Calcutta School vary by school year and are not guaranteed.
  7. Smith Family Scholarship
    Families must be residents of the State of Pennsylvania or the State of Maryland, a registered parishioner at Sacred Heart Basilica and have a child attending and/or accepted to attend St. Teresa of Calcutta School in Preschool - 8th grade. Parish membership will be verified.  If an award is made and parish membership cannot be verified, the award will be withdrawn.  Federal poverty guidelines for the current school year are consulted prior to making any scholarship awards. Scholarship funds received by St. Teresa of Calcutta School vary by school year and are not guaranteed.
  8. Social Clubs
    Social clubs such as the Knights of Columbus, Catholic War Veterans, etc., may offer scholarships to children of their members.  If you or someone else in your family are a member of a social club, check with your leadership team for any scholarship applications.  St. Teresa of Calcutta School is in no way affiliated with any of these types of scholarships and does not advise any social clubs as to scholarship distributions.  We will provide a letter confirming enrollment of your child(ren) at St. Teresa of Calcutta School.

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

Pennsylvania Department of Revenue - Answer ID3399 (Updated 1/26/2018)
Can I use money contributed to my child's 529 Plan to pay for their K-12 education expenses?
Pennsylvania will follow the Federal tax legislation signed into law on December 22, 2017, which includes several new provisions related specifically to 529 plan accounts, beginning with the 2018 tax year:
  • 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.
Once again the Pennsylvania tax law follows the Federals tax law, the same as before, and allows the deduction for the expanded 529 plans.
 
Please seek further clarification from the Pennsylvania Department of Revenue website found here