Tuition & Financial Aid
2023-2024 TUITION
| Parishioner | Non-Parishioner or Inactive Parishioner | |
|---|---|---|
| One Student | $5,883 | $9,635 |
| Two Students | $10,589 | $18,017 |
| Three Students | $13,713 | $26,737 |
| Four Students | $15,718 | $34,956 |
| Five Students | $18,914 | |
*An Active Parishioner is defined as being registered as an IHM family, regularly attending Mass, making regular and appropriate stewardship contributions to IHM (recommended half the average parishioner contribution of $2,000), including and completing an online annual stewardship pledge, sharing time and talent in ministry at IHM and participating in periodic capital campaigns. Active Parishioner Guidelines
FACTS Tuition:
IHM offers three payment options through FACTS Management Company (automatic payments from a checking or savings account):
- Annual– Tuition is paid in full by July 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 July 1st or 15th and January 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 July 1st of the upcoming school year and concluding in April. 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.
IHM-Early-Withdrawal-Tuition-Policy PDF
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 or 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 or 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.
In the event a child is withdrawn from school once enrolled but before the end of the upcoming and/or current school year, the family must promptly notify the School Administrator in writing. For a student (or students) who are enrolled for an upcoming school year, if the student (or students) withdraw at any time after enrollment and before the start of that upcoming school year, the family shall be responsible for payment of 1⁄2 of the tuition allocable to the withdrawing student (or students) for that upcoming school year. For a student (or students) who are enrolled for a current school year, if the student (or students) withdraw at any time after the start of the current school year but before December 31st of that current school year, the family shall be responsible for payment of 1/2 of the tuition allocable to the withdrawing student (or students) for that current school year. For a student (or students) who are enrolled for a current school year, if the student (or students) withdraw on or after January 1st but before the end of the current school year, the family shall be responsible for payment of the full tuition allocable to the withdrawing student (or students) for the current school year.
Immaculate Heart of Mary School reserves the right to retain and not forward a student’s records or files to other schools for students who withdraw early and for which there is an outstanding balance under the terms of this policy.
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 the discretion
Financial Aid:
Our administration works with our families to meet the needs of every student. We strive to maintain affordable tuition rates for all families. In order to assist families, we offer tuition assistance via Indiana Choice Scholarship (voucher program), Scholarship Granting Organization scholarship (SGO) as well as directly from IHM.
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 and Tracks may be eligible.
- The Indiana Department of Education provides these scholarships to eligible Indiana students to offset tuition costs.
NEW! The General Assembly recently passed new expansions to the current CHOICE program. Below are the main changes to the program that go into effect June 29, 2023:
- Age to qualify – Age eligibility changed from 5-22 as of August 1stto 5-22 as of October 1st
- Removal of eligibility tracks – student now must meet only Indiana residency, age, and income eligibility criteria
- Income criteria – Income eligibility changed from 300% to 400% income to qualify for the Free and Reduced Lunch Program
2023-2024 CHOICE Scholarship Program Income Guidelines
*The Income Verification and Household Size Rules will still be in effect and required documentation will need to be collected if applicable. View here: https://www.in.gov/
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 2023-2024
- Students who have been accepted at IHM
- Choice Scholarship program FAQs 2023- 2024
- Choice Income Verification Rules 2023-2024
What is the application deadline?
- Period one: Wednesday, March 1, 2023, to Friday, September 1, 2023
Period two: Wednesday, November 1, 2023, to Monday, January 15, 2024 - 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
- 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 300% or below of the Federal Free and Reduced Lunch Income Guidelines – Household Income Guidelines 2023-2024
- 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?
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?
- July 1st
- An annual online submission through FACTS GRANT & AID to determine eligibility OR as family need arise