STO and FACTS Grant & Aid Scholarship Opportunities
STO Scholarships: Isaac Newton Christian Academy is part of the Heart of Iowa School Tuition Organization (STO), which is a needs based scholarship program. The State legislature has approved $12 million in tax credits for the program this year. (Donors give to the program and receive a generous tax credit that is applied to their state taxes.) Accredited, non-public schools who are in an STO organization, are eligible for an allotment that is determined by enrollment figures. This year we are raising $123,115 in tuition assistance for eligible Academy families.
To qualify, you must be below three times the poverty level as determined by the Legislature.
Click here for the 2018-2019 STO Application. Bring your application to the office and attach a signed copy of your 2017 Federal Tax Return, pages 1 and 2. Deadline for applications is June 1, 2018.
Click here for the 2018 Poverty Guidelines to see if you qualify for an STO scholarship.
FACTS Grant & Aid Financial Aid: Available for families that do not qualify for an STO scholarship but may need financial assistance to help with rising tuition. (If you qualify for an STO Scholarship you are not eligible for additional financial aid.) We use a company called FACTS, which provides an aid assessment service. You must be enrolled for the next school year to apply for a scholarship. Pre-K does not qualify.
FACTS Grant & Aid Financial Aid click here.
Ways to Reduce Tuition
Ways you may be able to reduce your tuition:
You may be eligible for a generous transportation reimbursement from the state, if you live beyond two miles from the school. Pre-Kindergarten is not eligible for transportation reimbursement.
You may be able to take advantage of the Iowa Tuition and Textbook Credit for each dependent child who attends a private, accredited Iowa school. Consult your tax advisor.
There is a discount when you enroll multiple children in the school, and we offer a small discount if you can pay tuition annually or semi-annually. If you are unable to pay annually or semi-annually, we have a variety of payment options to choose from that can spread out your tuition payments.
Our “Scrip” program can help reduce your tuition! Click here for more information.