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10th & Jackson • Quincy, IL • (217) 223-2479

How do you save for both Catholic school and college at the same time?

 

If you make the investment in parochial elementary and high school, and your kids work as hard as you, they will be in a much better position for scholarships and grants as they head for college. Students from Quincy’s Catholic schools historically receive higher ACT scores resulting in increased scholarship offers. The average graduating class from QND is offered more than $2 million in merit scholarships for college.

 

Colleges and universities have high regard for the work ethic, values, leadership and service along with the academic skills acquired by students in Quincy’s Catholic schools. Talk to your banker or financial planner about the best strategies to get there. Don’t allow tuition to stand in the way of making a great faith-based educational choice for your child. Contact us for a list of financial advisors who support Catholic education.

 

Initiatives in place to help offset the cost of tuition

 

Families can participate in the Gene Grawe Fund to help offset tuition. Participating families may purchase gift cards offered through many retailers. These businesses donate a percentage of the profits into the scholarship fund which is then distributed to the tuition accounts of the families participating. Relatives and friends of families can also purchase cards to generate funding. Gift cards are easily available and can be used for items that are part of the normal family budget such as groceries and gas.

 

Illinois residents are eligible for the Illinois Tax Credit for Private School Tuition and Fees. This tax credit provision allows parents to write off 25% of their eligible education expenses for their children, up to a maximum credit of $500. Eligible expenses include tuition, book fees, and lab fees in excess of $250. Talk to your tax advisor about this special credit.

 

Example tuition balance chart for QND student utilizing initiatives to offset tuition:

 

Tuition $4700
Illinois Tax Credit    -500*
Gene Grawe Fund    -250**
New Total $3950
   
*please consult your tax advisor  
**amount awarded for the 2009-10 school year