TUITION REIMBURSEMENT PROGRAM

2008 Scrip Summer Schedule

What is Scrip?  Scrip is "substitute money" in the form of gift certificates.You can order gift certificates in advance of your shopping, and then pay for your purchases with the certificates, just as you would with cash. You can use Scrip gift certificates to purchase every day expenses like food, gas, clothing and other essentials. With every purchase, you earn tuition credit as well as funds for our school.

How does the Scrip program earn money?  INCA is able to purchase the gift certificates from the Great Lakes Scrip Center and several other local merchants at a discount.  We, in turn, sell the certificates to you at the full price, or face value, of the certificate.

How does the tuition reimbursement program work?  Each time you purchase Scrip gift certificates, the earnings you generate will be calculated.  Beginning July 1, the first $60 in profit you earn will be split 50% to your tuition account, and 50% to the General Fund of INCA  For the rest of the year (until June 30), your family will earn 75% of your profits, and the General Fund will earn 25%.  The more Scrip you buy, the more tuition credit you’ll earn. Details are as follows:

·    Tuition credits earned may be applied to (1) tuition due or (2) before and after school care (which is billed with tuition).

·    Tuition credit earned by families will be applied to their accounts three times per year in December, April and June.

·    Any unused credits will be carried over to the following school year.  Scrip tuition credit will not be refunded.  Any unused Scrip profits earned by families who will not have children enrolled at INCA in the following school year may be assigned by that family to another family.  If unassigned, it will be diverted to the General Fund of INCA.

 Must my share of Scrip earnings be applied to my family’s tuition?  No.  By signing a card available at the Scrip table, you may assign your share of the earnings to another family (which you designate) or to the General Fund of INCA.  If you signed a card last year, your designation will stay in effect until you decide to change it and fill out another card.

Can extended family members or friends earn tuition credit for my family?  Yes!  Anyone is welcome to participate in the Scrip program.  They can assign their share of the Scrip profits to your family’s account by filling out the Assignment Form available at the Scrip table or on this website. If they signed a card last year, they do not need to sign another card this year. Their profits, combined with yours, will be applied to the $60 threshold mentioned above.

How do I get started?  You will receive an order form every other Wednesday in your child’s “Wednesday envelope.”  Order forms may also be downloaded from this website.  Make your selections on the order form, write a check for the total amount of your order (made payable to INCA Scrip) return them to school by Friday morning.

You may pick up your Scrip order on Thursday or Friday morning of the following week from 8:10-8:40 a. m.. We require adults to pick up certificate orders, as Scrip volunteers cannot be responsible for lost certificates.

Note:  If you travel, shop on-line, or have family members in other parts of the the country, check out the wide selection of scrip from our national scrip provider, Great Lakes Scrip Co. Click on the National Scrip Website link above. This will show you the entire list of Scrip available. To order, simply write the name and amount of Scrip on your order form.

What is Quick Scrip?  Quick Scrip is an inventory of certificates that are available for purchase without placing an order in advance.  The inventory contains certificates that are most popular among Scrip users.  Quick Scrip is available for sale every Thursday and Friday morning when school is in session from 8:10-8:40 a.m.