Tuition & Financial Aid

2019-2020 TUITION

ParishionerNon-Parishioner or Inactive Parishioner
One Student$5,077$8,315
Two Students$9,139$15,550
Three Students$11,834$23,075
Four Students$13,099$30,167

*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 $1,800), including and completing an online annual stewardship pledge, sharing time and talent in ministry at IHM and participating in periodic capital campaigns.

*Please be advised of the Immaculate Heart of Mary School, which can be viewed here: IHM-Early-Withdrawal-Tuition-Policy.  Text of the full policy can be viewed below as well. 

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 Grant Organization Scholarship (SGO) as well as directly from IHM.

INDIANA CHOICE SCHOLARSHIP PROGRAM – also known as THE VOUCHER PROGRAM

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 Pathways may be eligible.
  • The Indiana Department of Education provides these scholarships to eligible Indiana students to offset tuition costs.

Who Qualifies?

What is the application deadline?

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

SCHOLARSHIP GRANTING ORGANIZATION (SGO)

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.

Who qualifies?

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.

IMMACULATE HEART OF MARY SCHOOL TUITION ASSISTANCE

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?

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

Tuition Payment Plans:

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 for the upcoming school year. FACTS waives the processing fee for these payment arrangements.
  • Semi-Annual: Tuition is paid by July 1st and January 1st of the upcoming school year. The school will pay the FACTS processing fee on behalf of all students in this payment plan.
  • Ten Month: Tuition is paid in monthly installments beginning July 1st of the upcoming school year and concluding in April.

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

Early Withdrawal Tuition Policy:

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