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: $249,105 Total assistance: $ 86,885 Total parental responsibility: $162,220 Tuition Adjustment 44 families qualified - $140 -$1300 = $ 18,800 BEF had 16 families qualify - $250-$1500 =$ 9,550 SOS had 28 families qualify - $300-$5150 = $ 39,125 Dio Special Grants had 2 families = $ 600 ANGEL FUND had 43 families - $125 - $3100= $ 10,875 Special Awards had 27 families - $55 -$1800 = $ 7,935 What did this mean per family?

Some facts before we begin For those who like pictures This is where the Diocese wants our tuition w/o all the assistance

Some facts before we begin What did this mean per family? LET’S TALK AVERAGES Total assistance: $ 86,885 When 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 begin What 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= $ 10,875 comes to $253 per family Special Awards had 27 families - $55 -$1800 = $ 7,935 comes 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 begin 83 students to date 50 students applied who asked for $ 65, 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. CAR CLOTHES 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.

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 BILL Bills happen. Bills can be planned for.

Rule #4a : BILL I want it therefore I will get it. If I want it bad enough then I don’t care that there is a

If you did it last year you can do it this year. KDG Child 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 Child 2014 $5425 $5950 Divided by 10 months $ $595 Divided by 4 weeks $ $ The difference per week $13.12 $33.06 per day to give the gift of Catholic Education to 2 children KDG -6 3 Child 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 Child 2014 $5100 $5600 Divided by 10 months $510 $560 Divided by 4 weeks $ $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 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 Child 2014 $6200 $6800 Divided by 10 months $620 $680 Divided 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 wantReally 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 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 Ponder NEW 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 QUESTIONS THANK YOU