The Our Faith, Our Children, Our Future School Tuition Organization (STO) and Regis Middle School are pleased to once again provide tuition assistance to qualifying families. This program, supported by over 1,000 donors provides expanded opportunities to help qualifying families afford the Catholic School of their choice.
Tuition assistance through the STO is available to all families whose 2017 taxable income is at or below 300% of the federally determined poverty rate. That table is found at the end of this posting. This table will be updated as Federal eligibility information is updated for the current tax year.
Regis also has local funding to provide tuition assistance over and above the STO program thus providing supplementary tuition assistance to families of contributing parishes. To be eligible for the STO program or Regis Local Tuition Assistance, an application must be submitted thru FACTS at www.online.factsmgt.com/aid.
Both STO and Regis will be utilizing FACTS Management (FACTS) to assist in determining the level of assistance to be awarded. 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. There is a $26 non-refundable processing fee for the online application payable to FACTS.
The application is available on line at www.online.factsmgt.com/aid. The Regis School code for the application is 36369. In addition to your completed application, you must include a copy of your 2017 federal income tax return or your 2016 federal income tax return with a copy of your 2017 W-2(s). The application needs to be completed online no later than March 29, 2018. We urge you to send the materials in early. Please use this link: www.ourfaithsto.org/for-parents/apply/ to view an explanation of the documents that are required for your FACTS application.
To assist you in filling out the application FACTS will have a call center available at 1-866-441-4637. The call center is open Monday – Friday 7:30 am – 9 pm. The FACTS online application also has a chat feature available Monday-Friday from 8:00 am-5:00 pm.
Families are eligible for the Our Faith, Our Children, Our Future STO assistance if their taxable income for 2017 is at or below 300% of the poverty level. The poverty level is set by federal guidelines. The level of Our Faith, Our Children, Our Future STO assistance recommended by PSAS will be based upon family income, number of dependents, and the total K-12 tuition bill for the family.
*STO Qualifying Levels 2017-2018 (Prior Application Year – This table will be updated in January)
|***Maximum Income||**Family Size||***Maximum Income|
* STO qualifying levels are based upon 300% of 2017 Federal Poverty Levels as required by Iowa law.
**Family size includes parents/guardians plus total number of dependents claimed on 2017 tax return. For families with more than seven persons, add $12,540 for each additional person.
*** Families are eligible for STO assistance if their taxable income is at or below the above listed income levels. Local assistance may not be based upon the above. Falling within these guidelines does not necessarily guarantee tuition assistance.
All families who want to be considered for tuition assistance from STO or Regis local assistance must fill out the FACTS application.
The STO website contains a link entitled For Parents. Please find that link online at https://www.ourfaithsto.org/for-parents/faqs-for-parents/ This is a resource that you may find helpful in answering questions that you may have about STO and the FACTS application process.
Our Faith, Our Children, Our Future” STO Application & Award Timeline for Parents 2018-19
***Parents are urged to complete the FACTS application and submit required tax documentation several weeks before deadlines to allow for communication of missing/incomplete materials and processing time.
Jan 1st: FACTS Online Application Opens at online.factsmgt.com/aid
March 29th: Round #1 Deadline for FACTS Applications – Completed online application AND all required tax documentation must be uploaded or faxed by this date.
March 30th: Round #2 Application Window Opens for Incomplete Round #1 Applications or New Applications
May 11th: Schools Distribute STO Round #1 Award/Tuition Contract Letters
June 1st: Deadline for Parents to Accept/Deny STO Awards & Return Tuition Contracts
July 13th: Round #2 Deadline for FACTS Applications – Completed online application AND all required tax documentation must be uploaded or faxed by this date.
July 15th: Round #3 Application Window Opens for Incomplete Round #2 Applications or New Applications. Round #3 is subject to fund availability from any returned awards from Rounds #1 & 2.
August 6th: Schools Distribute STO Round #2 Awards/Tuition Contract Letters
| *STO Application Round Window Summary
Jan. 1st – March 31st: Round #1
April 1st – July 15th: Round #2