Tuition Policy

 

Tuition for the 2016-2017 school year is:

Subsidized tuition rate:

K- 4 Only$2,249.00
1 Child$3,039.00
2 Children$4,584.00
3 Children$6,100.00
4 Children$7,625.00
5 Children$7,625.00

Families of St. Lucy Parish Catholic School will be offered three payment options.  They are:

  • Option 1: A single payment made on or before July 1.
  • Option 2: A two payment plan. The first payment due on or before July 1. and the second payment due on or before December 1.
  • Option 3: F.A.C.T.S monthly payment plan. Payments are budgeted over 12 months beginning in June. There is a $35.00 fee for using the F.A.C.T.S system.

 

If parents choose options 1 or 2 and fail to make the appropriate payments, they will be required to use the F.A.C.T.S. service if their child/ren are to remain enrolled at St. Lucy Parish Catholic School.

Parents will be asked to be current in their payments on the first day of school, at the Christmas and Easter breaks, and day of graduation.  Consequences of not being current will be at the discretion of the designated school and parish personnel.  Consequences may include with-holding of report cards and/or school records, non-participation in graduation, and failure to be admitted to St. Lucy Parish Catholic School.

Income from the school support program pays approximately 70 percent of the expense of the school operation.  General parish funds account for the balance.

Please direct school support questions to the school office at 554-1801 ext. 212 or send your  payments to the school at 3035 Drexel Ave., Racine, WI. 53403.

FINANCIAL AID

A special fund generated by fund-raising has been set up through the School Committee.  You must be a member of St. Lucy Catholic Parish to receive financial aid through the parish. Family need will be evaluated by PSAS, Privated School Aid Service.  Aid will be determined based on their ranking and recommendation.  Regular attendance at mass is expected.  Children receiving tuition assistance must also show and maintain above average academic effort and conduct expected of a Catholic school student.  Tuition assistance may be revoked if academic effort/conduct/disciplinary issues arise. Deadline for filing the forms will be March 14, 2017.

TAX DEDUCTION OR TUITION EXPENSES

Archdiocese of Milwaukee – The Wisconsin Tax Deduction for Tuition Expenses

What is the tax deduction for tuition expenses?

The state budget bill (2013 Wisconsin Act 20) established a tuition tax deduction (see Wis. Stat. s. 71.05(6)(b)49), which begins in the 2014 tax year. When filing, taxpayers may deduct the private and religious school tuition expenses they have paid, up to $4,000 for each dependent child in the kindergarten through eighth grade and up to $10,000 for each dependent child in grades nine through twelve. The tuition expenses must have been paid on or after January 1, 2015.

 

How much will the deduction benefit families?

The average Wisconsin family will see their taxes cut around $240 per primary school child and around $600 per high school student. However, because this is a deduction and not a tax credit, the amount that any one family or individual will save is partly depnedent on income, how they file, and the resulting tax liability.

 

Who is eligible to claim the deduction?

Anyone who pays tuition expenses at a private school is eligible, but the deduction is most beneficial to people whose tuition expenses are within the allowable deduction per child and have incomes that incur at least some tax liability.

 

Can I deduct all tuition if my child receives a scholarship or financial aid?

No, taxpayers can only claim those expenses that they have actually paid.

 

What if my student is going from elementary or middle school to high school?

If a student is in both elementary and secondary school in the same taxable year (i.e. a student goes from eighth to ninth grade), the taxpayer may claim tuition expenses that were paid for only one grade in that taxable year. Therefore, the family must decide whether to claim the tuition paid for eighth grade in that taxable year (up to $4,000), or the tuition paid for ninth grade (up to $10,000).

 

What are some examples of how the deduction works?

(Assume all costs are tuition expenses paid between January 1 and December 31, 2014.)

  • A couple makes $60,000 in income and spends $2,500 on tuition for their elementary school student in 2014. When the family files their taxes in 2015, their tax obligation is reduced from $3762 to $3,605, a savings of $157.
  • A family with two high students makes $90,000 in income and spends $7,500 per student on tuition in 2014 (for a total of $15,000). With the deduction, that family’s taxes are reduced from $5,643 to $4,703, a savings of $940.
  • A single mother makes $46,000 and sends her two children to a Catholic elementary school that charges $2,000 per student for tuition. Her taxes before the deduction are $2,884. After the $4,000 deduction, her taxes fall to $2,633, saving her $251.
  • A family makes $120,000 and has three students in Catholic schools – one in elementary school, one in middle school, and one that finished eighth grade and started high school. Tuition for the youngest student was $3,000, and for the middle school student, $4,100. For the student who started high school, tuition was $2,000 for the second semester of eighth grade and $3,500 for the first semester of high school. When filing taxes in 2015, the family may claim a deduction of $10,500, which is the full tuition amount paid for the youngest child, the maximum tuition payment deduction allowed for the middle school child ($4,000), plus the semester of high school tuition for the eldest child. With the deduction, the family’s tax obligations goes from $7,524 to $6,866 for a savings of $658.

 

Can families claim the deduction for tuition paid at all private schools?

The deduction applies to tuition expenses paid at an institution that meets the definition of a private school under Wisconsin Statutes s. 118.165.

 

What does a taxpayer need to do to claim the deduction?

Families need to make certain that the school their child attends meets the basic definition of a private school, and they should save payment records (receipts, etc.) as supporting documentation for their tax records. The Wisconsin Department of Revenue will provide further information on his deduction within publications related to the preparation of 2014 tax year filings.

 

Do Catholic schools and parishes support the tax deduction?

Catholic teaching has long recognized the role of parents as the primary educators of their children. The Catechism of the Catholic Church expressly states:

As those first responsible for the education of their children, parents have the right to choose  a school for them which corresponds to their own convictions. This right is fundamental. As far as possible parents have the duty of choosing schools that will best help them in their task as Christian educators. Public authorities have the duty of guaranteeing this parental right and ensuring the concrete conditions for its exercise. (#2229, italics in original)

The tax deduction is one way the state can affirm the vital role parents play in their children’s education by giving families meaningful choices in where and how children are educated.

 

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