Illinois Tax Credit Scholarship Program

Updated JANUARY 15, 2019

 

The Illinois Tax Credit Scholarship Program

The new Illinois Tax Credit Scholarship Program allows individuals and corporations to donate to a Scholarship Granting Organization (SGO) and receive a credit on their Illinois state taxes in return. An SGO is a 501(c)(3) non-profit organization, approved by the IL Department of Revenue, whose primary aim is to give scholarships to qualifying students.

The SGO's that the Archdiocese of Chicago has recommended our families and benefactors work with are Big Shoulders Fund and Empower Illinois. The Big Shoulders Fund website is https://bigshouldersfund.org/ and the Empower Illinois website is https://empowerillinois.org/. Through these websites, families and donors can get important information on taking advantage of this opportunity.

A full Q&A for this program can be found by clicking here.

Below are some of the most common questions being asked at this time.

Who qualifies for these scholarships?

Students whose families earn 300% of the federal poverty level or less ($75,300 for a family of four) qualify, and priority is given to students who are members of a household whose previous year’s total annual income does not exceed 185% of the federal poverty level ($46,435 for a family of four). Click here for more information on household income limits.

Saint Viator is reviewing and updating our registration and financial aid policies to encourage as many students as possible to apply for the Tax Credit Scholarship Program.

Prospective Family Timeline for Applying

Families who feel they will qualify should follow the Saint Viator High School Tuition Assistance process.

FYI - For the 2019-2020 school year, families are required to supply the following documentation when applying:

  • Copy of 2018 federal tax return, 1099, W-2, or year-end pay stubs
  • Verification of Illinois residence (utility bill, driver’s license, etc.)
  • Student’s prior semester report card*
  • If available, letter of acceptance or enrollment at an eligible school*

For more information on the application process, click here.  

Prospective Tax Credit Scholarship Donors, Click Here