Budgeting for tuition

for the new school year.

February 16, 2014

YES YOU CAN AFFORD IT!

Some facts before we begin

Total tuition due for the student body this year: $249,105Total assistance: $ 86,885Total parental responsibility: $162,220

Tuition Adjustment 44 families qualified - $140 -$1300 = $ 18,800BEF had 16 families qualify - $250-$1500 = $ 9,550SOS had 28 families qualify - $300-$5150 = $ 39,125Dio Special Grants had 2 families = $ 600ANGEL FUND had 43 families - $125 - $3100= $ 10,875Special Awards had 27 families - $55 -$1800 = $ 7,935

What did this mean per family?

Some facts before we begin

Tuition Adjustment8%

Bishops Fund4%

SOS Award16%

Diocesan Grant 0%

Angel Fund4%

Special Awards3%

Total Net Tuition65%

Tuition Adjustment

Bishops Fund

SOS Award

Diocesan Grant

Angel Fund

Special Awards

Total Net Tuition

For those who like pictures

This is where the Diocese wants our tuition w/o all the assistance

Some facts before we beginWhat did this mean per family?

LET’S TALK AVERAGES

Total assistance: $ 86,885When divided by 58 families

the average assistance comes to $1500 per family

Tuition Adjustment 44 families qualified - $140 -$1300 = $ 18,800

comes to $427 per family

BEF had 16 families qualify - $250-$1500 = $ 9,550 comes to $596 per family

Some facts before we beginWhat did this mean per family?

LET’S TALK AVERAGES

SOS had 28 families qualify - $300-$5150 = $ 39,125 comes to $1397 per family

ANGEL FUND had 43 families - $125 - $3100= $

10,875comes to $253 per family

Special Awards had 27 families - $55 -$1800 = $

7,935comes to $294 per family

Some facts before we begin

What did this mean per family? LET’S TALK AVERAGES

And the “kicker is” this:

Most families received $$$ from ALL SOURCES

And you want to know what else?

Only 33 families tried.

What happened to the other 25 families?

Some facts before we begin83 students to date 50 students applied who asked for $ 65,945

33 families out of 58 families applied

According to the cutoffs for income given:

Out of ALL the thousands of students who applied for assistance

Holy Redeemer holds 8 out the top 15 poorest

and holds the #1 poorest “inability to pay”

“Rules” that come into play it comes to the things I want

Rule #1 : What you possess or try to get is a matter of wanted-ness

I want it therefore I will get it.

Rule #2 : Anything important to you is worth paying for.

CARCLOTHES

HOBBY COLLECTION

EDUCATIONSMILE

Rule #2 : Anything important to you is worth paying for.

Think about the things you have, use, give that really cost you something when first you purchased them….

Rule #2 : Anything important to you is worth paying for.

Rule #2 : Anything important to you is worth paying for.

Think about how you went about saving for those items or working them into a payment plan.

Rule #2 : Anything important to you is worth paying for.

Sometimes you did without

Sometimes you have to make choices

Rule #3 : Anything worth paying for you have to budget to get.

Think about those items you already have that incur a monthly payment plan.

Rule #3 : Anything worth paying for you have to budget to get.

Cell phone

Cable

Computer

Insurances on electronics

Mortgage

Insurances

Car payments

Braces

Time Share

Christmas Club

Credit card

Rule #4 : Anything worth budgeting for is called a

BILLBills happen.

Bills can be planned for.

Rule #4a :

BILL

I want it therefore I will get it.If I want it bad enough then Idon’t care that there is a

If you did it last year you can do it this year.

KDG - 6

1 Child 2013 - 1 Child 2014

$3100 $3400

divided by 10 months

$310 $340

Divided by 4 weeks

$77.50 $85

The difference per week

$7.50

$18.88 per day to give the gift of Catholic Education

If you managed to pay tuition last year then you have to worry about $7.50 a week more for this year.

Can you name an item or service that costs $7.50 ?

Cigarettes?

Fast food dinner?

Gambling?

Junk Food?

Entertainment?

???????

If you did it last year you can do it this year.

KDG -6

2 Child 2013 - 2 Child 2014

$5425 $5950

Divided by 10 months

$542.50 $595

Divided by 4 weeks

$135.63 $148.75

The difference per week

$13.12

$33.06 per day to give the gift of Catholic Education to 2 children

KDG -6

3 Child 2013 - 3 Child 2014

$7660 $8400

Divided by 10 months

$776 $840

Divided by 4 weeks

$194 $210

The difference per week is

$16.00

$46.67 per day to give the gift of Catholic Education to 2 children

If you did it last year you can do it this year.

KDG - 6 and PreK 3 da

2 Child 2013 - 2 Child 2014

$5100 $5600

Divided by 10 months

$510 $560

Divided by 4 weeks

$127.50 $140

The difference per week

$12.50$31.11 per day to give the gift of

Catholic Education w/a PK 3da Child

KDG - 6 and PreK 5 da

2 Child 2013 - 2 Child 2014

$5400 $5800

Divided by 10 months

$540 $580

Divided by 4 weeks

$135 $145

The difference per week

$10$32.22 per day to give the gift of

Catholic Education w/ a PK 5da Child

If you did it last year you can do it this year.

KDG - 6 and Pre-K Full Day

2 Child 2013 - 2 Child 2014 $6200 $6800

Divided by 10 months$620 $680Divided by 4 weeks$155 $170

The difference per week $15

$37.78 per day to give the gift of Catholic Education w/

a PK Full Day Child

If you did it last year you can do it this year.

What does $18 or $33 or $46 or $31 or $32 or $37 per day get each of your children?

•Faith Based Education

•Religion taught everyday

•The subjects of Reading, Math, Language Arts, Social Studies, Science, Spelling/Vocabulary, Penmanship on all levels

•By certified classroom teachers

•Italian, Computer, Art, Phys.Ed. Music, Library Instruction

•Safe and secure environment

•Academic Support

•Scholarship Opportunities

•Free and reduced lunch opportunities

•Family based support through the Home School Parent Group

•And more….

If you did it last year you can do it this year.

What do we want from YOU!$10 more per month

So…

If you did it last year you can do it this year.

If your Tuition was… then we want Really 2014-2015

1 child $3100 $3200 $3400 (- 200)2 children $5425 $5525 $5950 (- 400)3 children $7660 $7860 $8400 (- 600)

1 PK 3da $2000 $2100 $2200 (- 100) 5da $2300 $2400 $2500 (- 100)5da - All da $3100 $3200 $3400 (- 200)

1 K-6 + 1 PK - 3da $5100 $5300 $5600 (- 300)

1 K-6 +1 PK-all day $6200 $6400 $6800 (- 400)

NOTE: The PreK program is separate from the K/6 and not included on the lesser second child rate.

If you did it last year you can do it this year.

What Tuition Adjustment is in store for all those who re-register

on time?Right now we are up to

$100-$200 per child.

There is a ray of sunshine in this picture

PSAS FORM – DO IT

ANY Diocesan assistance

BEF – KDG thru 6th

SOS – PK thru 6th

LOCAL FUNDS•Angel Fund

•Organization Scholarships

•Private Donors

YOU HAVE TO DO IT in order for help to be applied

There is a ray of sunshine in this picture

The chronic complaint is I fill the form, send the fee and get nothing

WRONG~~~~~~~~~~~~~~~~~~

ALL TUITION ASSISTANCE

besides Diocesan Assistance

will be generated from the PSAS Form

There is a ray of sunshine in this picture

PSAS Form

Gives us a pecking order according to need

NO details on your personal finances

Just an order of need from greatest to least

There is a ray of sunshine in this picture

ALL TUITION ASSISTANCE

(besides Diocesan Assistance)

will be generated from the PSAS Form

WE HAVE OUR OWN

ANGEL FUND

ORGANIZATIONAL SCHOLARSHIPS

PRIVATE DONORS

BEQUESTS

Points to PonderNEW FAMILIES

The PSAS form can be filled out online, PRINT IT and get the signatures you need from school and mail (or get a hard copy from the school office)

Current school families – Form is in your hands

Points to Ponder

QUESTIONSTHANK YOU