We want to inform you about two funding programs in Iowa that can help with your child's tuition: the School Tuition Organization (STO) and Education Savings Account (ESA) programs. These programs provide financial assistance, and we want to make sure you are aware of these options.

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Parish Subsidy: For many years our Catholic parish has provided incredible spiritual support to our school- allowing us to continue providing a faith-based K-12 educational opportunity for our students. In addition, the parish has also provided incredible financial support to help keep our school affordable to active parish families. As we embark on the universal ESA, it seems reasonable that parish subsidy should be reduced in order to allow our parish to offer additional programs that may benefit parishioners in other ways. We will always cherish our partnership with the parish. We could not fulfill our mission without their help.

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School Tuition Organization (STO)

The STO program helps families pay tuition at accredited K-12 private schools in Iowa. It works by offering state tax credits to individuals and businesses that donate to STOs. These donations are then used for scholarships to help eligible students.

• How it works: You may be eligible for a scholarship through an STO if your child attends or plans to attend a private school.

• Eligibility: Scholarships are based on household income and family size, and they are awarded on a first-come, first-served basis.

Even if you think you won’t qualify for STO, we strongly recommend that every family apply. Many families who think they don’t qualify still receive assistance. Applying early gives you the best chance to secure funds, as the scholarships are limited. STO funds will be applied to your tuition first, and any remaining balance will be covered by ESA funds. If there’s money left in your student’s ESA account, it can be used later, which could be helpful if tuition increases in the future.

How to Apply for STO Scholarships:

1. Complete the Application: Fill out the application form online (a link is found below) or pick up a copy from the school office. Provide previous years tax return information to the school office. 

2. Required Documents:

   1. Completed financial aid application.

   2. Copies of pages 1 and 2 of your 2024 federal income tax return (Form 1040).

3. Submit the Application: Submit your application to the school office as soon as possible. STO funds are awarded on a first-come, first-served basis. Applications are due by 4/15/25.

4. Wait for Approval: Once reviewed, you will be notified of your scholarship status. 

5. Final Steps: If approved, the STO will apply the funds directly to your tuition.

6. STO of Southeast Iowa Website: You can find more information on the STO's website: https://www.stoseiowa.org/

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Education Savings Account (ESA)

The ESA program provides families with funds to pay for tuition and other educational expenses at private schools. Starting in the 2025-2026 school year, ALL families are eligible for the ESA, regardless of income.

• How it works: The ESA gives families a set amount of funding to cover tuition, online education, special education services, and tutoring.

• Amount: The funding amount is determined by the state of Iowa.

How to Apply for ESA:

1. Complete the application: Fill out the required information available online at https://iowa-households.withodyssey.com/login/

2. Submit the Application: Submit your application as soon as possible. The ESA application window opens on Wednesday, April 16, 2025 and closes on Monday, June 30, 2025. No applications will be accepted after the June 30th deadline.

3. Wait for Approval: Odyssey will notify you when you have been approved.

4. Final Steps: Once you are approved, you will be notified via email to select Prince of Peace as your school of choice.

We encourage you to apply as soon as possible to maximize the assistance available to your family. Our staff is ready to help with any questions you may have. If you need more information or help with any of the application processes, please contact the school office at 563-242-1663. We are excited to offer you these opportunities to reduce tuition costs and help ensure a quality education for your child. Thank you for being part of our school community!

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This program is only applicable for Iowa residents.

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You may direct questions to Amie Boetje, Advancement Director, by phone at 563-242-1663 or by email at amie.boetje@staff.prince.pvt.k12.ia.us

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