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Tax Credit Scholarship

Illinois Tax Credit Scholarship Information

 

Current and perspective students interested in attending Christ Our Savior Lutheran High School are eligible to apply for a Tax Credit Scholarship.  These scholarships are granted on an income basis from funds gathered though tax credit contributions.

Schools that are eligible for these funds can also have contributions earmarked for their students only, if that is how the donors choose.  Christ Our Savior L.H.S. has had several large contributions made for our students only starting in the 2019-2020 school year through Children's Tuition Fund of Illinois.

Children's Tuition Fund of Illinois is a state approved Scholarship Granting Organization (SGO) that is one of several that serve the zone in which COSLHS is located.

The application process for the Children's Tuition Fund opens to families on January 8, 2019.

Children's Tuition Fund of Illinois

Tax Credit FAQs

What is a Tax Credit Video

Check Your Student's Eligibility

 

Tax Credit Scholarship Eligibility

Through the "Invest in Kids Act," K-12 students in Illinois with limited financial resources and income up to 300 percent of the federal poverty level, are eligible to receive tax credit scholarships. Returning tax credit scholarship recipients (those who received tax credit scholarships for the 2018/19 school year), can make up to 400 percent of the federal poverty level. The scholarships offered through this program could cover up to 100 percent of tuition and eligible fees.

For the 2019/2020 school year, the federal poverty guidelines are:

Household Size

100%

185%

250%

300%

400%

1

$12,140

$22,459

$30,350

$36,420

$48,56

2

$16,460

$30,451

$41,150

$49,380

$65,840

3

$20,780

$38,443

$51,950

$62,340

$83,120

4

$25,100

$46,435

$62,750

$75,300

$100,400

5

$29,420

$54,427

$73,550

$88,260

$117,680

6

$33,740

$62,419

$84,350

$101,220

$134,960

7

$38,060

$70,411

$95,150

$114,180

$152,240

8

$42,380

$78,403

$105,950

$127,140

$169,520

(released Jan. 13, 2018)

 

Before April 1, 2019, priority will be given to students from each of the following categories:

  • Members of a household whose previous' year's total annual income does not exceed 185 percent of the federal poverty level ($46,435 for a family of four); OR
  • Reside within a focus district* OR
  • Received a scholarship from a scholarship granting organization during the previous school year; OR
  • Siblings of a current scholarship recipient.

After April 1, 2019, all other qualifying students will be considered for scholarships, subject to availability of funds.

 

*Focus districts are public school districts that have a school where at least one subgroup of students performs in the bottom 10 percent statewide or a graduation rate of less than 60 percent.

 

 

 

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