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 1000 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 2016 taxable income is at or below 300% of the federally determined poverty rate. That table is found at the end of this posting.
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 this program, an application must be submitted thru FACTS at www.online.factsmgmt.com.
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 at the school office and on line at https://online.factsmgt.com. In addition to your completed application, you must include a copy of your 2016 federal income tax return or your 2015 federal income tax return with a copy of your 2016 W-2(s). The application needs to be completed online no later than March 31, 2017. We urge you to send the materials in early.
Round 2 awards consideration deadline was July 14. Award notifications of Round 2 STO funds or additional local assistance will be made after August 1st.
There may be a Round 3 available for STO funds. But this is dependent on STO fund availability. To be considered please file an online application at www.online.factsmgmt.com.
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. There is also a Online Application Chat for Support those hours are Monday – Friday 8 am – 5 pm
Families are eligible for the Our Faith, Our Children, Our Future STO assistance if their taxable income for 2015 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
|***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 2016 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/. This is a resource that you may find helpful in answering questions that you may have about STO and the FACTS application process.