Illinois Tax Credit Scholarship Program

Updated October 1, 2018

Directions to apply for a 2019-2020 Tax Credit Scholarship will be available in November of 2018.

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 that the Archdiocese of Chicago has recommended our families and benefactors work with is Empower Illinois. Their website is https://empowerillinois.org/. Through this website 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 ($73,800 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 ($45,510 for a family of four).

As this is the first time Illinois has had a program such as this, there are many unknowns as far as how many Saint Viator High School students will apply and be awarded this Tax Credit Scholarship. 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

The prospective date to apply for one of these scholarships, for the 2019-2020 school year will be available in late November 2018. Families who feel they will qualify should follow the Saint Viator High School Tuition Assistance process.

FYI - For the 2018-2019 school year, families were required to supply the following documentation when applying:

  • Copy of 2016 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*

 

Prospective Tax Credit Scholarship Donors, Click Here