Minnesota Education Tax Credit

Your family may qualify for a state tax credit for education expenses. Please consult your tax advisor with questions.

Tuition Policy

Student Tuition 2010-2011:

   Parish Investment Rate:

   Grades K-8 $4,000

   Standard Tuition Rate:

   Grades K-8 $5,650

Guidelines:

• In accordance with its mission, Our Lady of Grace Parish offers a Catholic education option for K-8 students.  The parish demonstrates its commitment to this school ministry by paying all of the school’s overhead costs (heat, lights, maintenance, cleaning, etc.); providing certain administration services (e.g., bookkeeping); and paying a yearly financial subsidy.  This parish support allows OLG School to provide a discounted tuition rate for qualifying families. 
• After careful consideration, Our Lady of Grace Parish has determined that families who actively support the Parish’s stewardship model qualify for the Parish Investment Rate.  Specifically, these families:
• are registered members at Our Lady of Grace Parish;
• have committed to actively share in the faith life of the parish by attending liturgies;
• volunteer time and talent in parish ministries or activities; and
• financially support the work of the parish and invest in the parish through envelope giving or other unrestricted, traceable financial contributions to the parish. 
• Families who do not qualify for the Parish Investment Rate pay the Standard Tuition Rate.  Please see “Billing Procedure” section below for additional information about tuition rate determinations.
• All payments are due prior to the start of the school period (e.g. month, semester, year) for which the payment is made.  No child will be permitted to begin a school year unless the family’s first payment is received by the school on or before September 1.
• In the event tuition and bus fees are not paid according to the required payment schedule, the school reserves the right to take action required to enforce its policy, including suspension of the student until payment is received.
• Families who intend to enroll their child/children for part of the year must pay a full year’s tuition.

Registration Fee:

A non-refundable fee of $150 for Grades K-8 is due at the time of registration and will be applied to total tuition. 

Additional Deposit for All Kindergartners:

In addition to this registration fee, a payment of $900 toward the annual tuition must be made for each registered kindergartner by March 1 of the school year prior to the school year in which they will be entering kindergarten.

Additional Deposit for Certain Middle Schoolers:

If a student is (1) entering Sixth, Seventh or Eighth Grade; and (2) the student’s family has asked OLG to send out documents pursuant to consideration of a request for transfer of that student to another school, then 50% of the student’s tuition for the following school year must be received by OLG on or before May 1 of that year.

These additional deposits of tuition are non-refundable.  If a deposit is not made for a student in one of the above categories, the student will not be considered as registered for the following school year.  In such case, any waiting list may be opened to ensure appropriate enrollment for the following school year.

Payment Options:

Our Lady of Grace School will offer four (4) forms of tuition payment:

• Annually:

  o Full payment on or before August 15.

• Semi-annually:

  o 1st installment due August 15.

  o 2nd installment due January 15.

• Tri-Annually:

  o 1st installment due August 15.

  o 2nd installment due October 15.

  o 3rd installment due January 15.

• Monthly:

  o Monthly payments must be through an electronic funds transfer (EFT) automatic withdrawal.

  o A simple form for enrollment in an EFT program is available at the school office

  o 1st withdrawal will be August 15

  o Following withdrawals will be September 15 through March 15.

Financial Aid:

OLG strongly encourages scholarship applications based on financial need. OLG has funds available for scholarships. Interested families should contact the principal for details about the confidential application process.

Billing Procedure

Each year, tuition invoices are prepared in July for the upcoming school year.  Families will qualify for the Parish Investment Rate if they have financially supported the parish through envelope offerings or other unrestricted, traceable contributions to the parish during the preceding fiscal year (ending June 30th).  Families who do not qualify for the Parish Investment Rate will be billed at the Standard Tuition Rate.  Families who receive financial aid to attend OLG are not required, but are encouraged, to make financial contributions to the parish.        

Tuition Policy/Delinquent Payment Procedure  

DELINQUENT PAYMENT PROCEDURE

Our Lady of Grace has scholarships available. The school encourages families having difficulty meeting their tuition obligations to apply for tuition assistance.

OLG will take the following action with regard to delinquent tuition payments.

• If a payment is not received within 30 days of its due date, the family will receive a letter from the school reminding them of their obligation.
• If a payment is 60 days overdue, the family will receive an additional letter, return receipt requested, reminding them of their obligation.

• The second letter will be followed by a telephone call from someone other than the school principal, requesting immediate payment of the obligation.
• As of Christmas break, all tuition payment(s) must be current as determined by your elected payment plan. Any family not current on their payments as of Christmas break will not be allowed to return to school after Christmas break and will have to re-enroll. Such action does not alleviate the family’s obligation to pay tuition. All such accounts will be forwarded for action as appropriate to enforce the rights of the school.
• As of spring break, all families must be paid in full for the current school year. Any family not paid in full or not current on their payments as of spring break, will not be allowed to return to school after spring break and will have to re-enroll. Such action does not alleviate the family’s obligation to pay tuition. All such accounts will be forwarded for action as appropriate to enforce the rights of the school.
• Class assignments will be mailed only after 1st tuition payment is received by August 15th of the applicable year.
• OLG will not release any academic records unless all payments are current.
• No 8th grader will participate in graduation activities unless all payments are current.