Tuition & Financial Aid

IHM offers three payment options through FACTS Management Company (automatic payments from a checking or savings account):

• Annual– Tuition is paid in full by Aug 1st or 15th for the upcoming school year.  The school will pay the FACTS annual administrative fee on behalf of all students in this payment plan ($5).
• Semi-Annual: Tuition is paid by August 1st or 15th and February 1st or 15th of the upcoming school year.  There is an administrative annual fee for this payment plan ($15).
• Ten Month: Tuition is paid in monthly installments beginning August 1st of the upcoming school year and concluding in May.  There is an administrative annual fee for this payment plan ($50).

Tuition payments can be made via FACTS tuition management company. To do so, click HERE

*If you have a FACTS account with another school you may use the same login credentials, but will need to use the IHM FACTS Link above to set-up your account with IHM.

ACTIVE PARISHIONER GUIDELINES

WITHDRAWAL OF STUDENTS

Immaculate Heart of Mary School’s annual budget is created after careful consideration of various factors, including but not limited to, the number of students enrolled for the upcoming and/or current school year. When students withdraw after enrollment but before the start of the upcoming school year, or before the conclusion of the current school year, and IHM is unable to collect the associated tuition, it has a significant financial impact on the School’s budget and on its responsibilities to the Parish. As a result, parents shall be responsible for outstanding tuition and fees should they unilaterally decide to withdraw their child from school once the student has been accepted and enrolled for the upcoming or current school year. Outstanding tuition and fees is defined as any remaining balance related to the current school year as well as any future tuition balance for an upcoming school year once enrolled. 

Notice of Early Withdrawal

Notice of withdrawal of a student must be made by the parent in writing to the Principal in advance of the withdrawal date. This enables the school to prepare necessary information and settle accounts.  No student records will be forwarded to another school until Business Office accounts have been settled.  (See Student Handbook section on Student Records for transcript information.)

Early Withdrawal Tuition Policy

As agreed upon and signed in our official enrollment form, the Early Withdrawal Policy will be in effect for any withdrawal following the enrollment signature date.

For a student/s who is enrolled for the upcoming school year but not a current IHM student, if withdraw occurs at any time after enrollment and before the start of that upcoming school year, the family shall be responsible for tuition payments based on the following timeline:

• Withdraw Before May 1, families are responsible for one quarter (¼) of tuition and fees for the upcoming school year.

• Withdraw after May 1 but before the First Day of School, families are responsible for half (½) of the tuition and fees for the upcoming school year. 

For a student/s who is currently attending the school, if the student/s withdraws during the school year, the family shall be responsible for tuition payments based on the following timeline:

• Before December 31, families are responsible for half (½) of the remaining tuition and fees balance for the school year. 

• On January 1 or after, families are responsible for full tuition and fees for the remainder of the school year.

Immaculate Heart of Mary School is mindful that family and personal circumstances change, which may affect the student’s attendance at school. In this event, a written request shall be made to the School Administrator and the Pastor, who have final discretion.

What is this?

• IHM is a participating school in the Indiana Choice Scholarship Program (known widely as “voucher” program). Through this program, families who meet certain guidelines may be eligible.
• The Indiana Department of Education provides these scholarships to eligible Indiana students to offset tuition costs.

Effective June 29, 2023, the following requirements must be satisfied to qualify for a Choice Scholarship award:

• Student must have legal settlement in Indiana;
• Student must be at least five (5) years old and less than 22 years old by October 1 of the school year that the student is applying; and
• Student is a member of a household with an annual income of not more than 400% of the amount to qualify for the federal free and reduced price lunch program.

Additional information about student eligibility and income requirements can be found in the following documents:

• 2024-2025 Choice Scholarship Program Eligibility Overview (includes income guidelines for Choice Scholarship Program eligibility)
• 2024-2025 Choice Scholarship Program Income Verification Rules
• 2024-2025 Choice Scholarship Program Income Verification FAQs

*The Income Verification and Household Size Rules will still be in effect and required documentation will need to be collected if applicable.  

*If you believe you are eligible please begin the process by applying through FACTS Grant & Aid 

Indiana School Choice MYTHS vs. REALITY flyer

Who Qualifies?

• Residents of the State of Indiana
• Students must satisfy both household income requirements and student eligibility criteria to qualify: https://www.in.gov/doe/students/indiana-choice-scholarship-program/
• Household Income Guidelines 2024-2025 
• Students who have been accepted at IHM
• Choice Scholarship program FAQs 2024- 2025
• Choice Income Verification Rules 2024-2025

What is the application deadline?

• Period one: Wednesday, March 1, 2024, to Friday, September 1, 2024
• Period two: Wednesday, November 1, 2024, to Monday, January 15, 2025
• Applications are submitted by the IHM Business Office to the program
• A copy of previous year tax return will be needed to apply and any other documentation required

What is this?

• The program is administered by state-certified Scholarship Granting Organizations (SGOs) that award financial assistance to qualified students with funds raised through private contributions.  
• Tax credit scholarships are funded by donations from individuals or businesses who receive tax benefits in return for their contributions: https://www.i4qed.org/pdf/sgo/donors/2019-20-IQE-donation-brochure.pdf
• SGO FAQs
• Institute For Quality Education (IQE)

Who qualifies?

• Residents of the State of Indiana.
• Students must satisfy both household income requirements and student eligibility criteria to qualify.  https://www.in.gov/doe/files/FAQ-for-Parents-and-Donors.pdf
• Family is 400% or below of the Federal Free and Reduced Lunch Income Guidelines – Household Income Guidelines 2024-2025 
• Students who have been accepted at IHM.

What is the application deadline?

• December 1st – please apply between June and November.
• Applications are submitted by the IHM Business Office to the program.
• A copy of previous year tax return will be needed to apply.

Where can I donate?

• Click here to make an online donation
• Click her to download a donation form

What is this?

• These scholarships are funded by donations from individuals who contribute to the IHM Tuition Assistance Fund.
• The Spirit of IHM Dinner is hosted bi-annually to fundraise for these scholarships.

Who qualifies?

• Participating parishioner families who do not meet the Voucher or SGO eligibility requirements above.
• Students who have been accepted at IHM.
• This is also a potential source of tuition assistance for parishioner families who have special circumstances arise.

What is the application deadline?

• August 1st
• An annual online submission through FACTS GRANT & AID to determine eligibility OR as family need arise