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Tuition Assistance

Tuition Assistance  
Our Lady of Mercy has limited tuition assistance funds to give to those families whose income is less than $100,000.
The Opportunity Scholarship Act creates scholarships for students, in grade K-12, from low-income and working-class families to attend participating private schools. We recommend any interested families to explore the NC Opportunity Scholarship.

 FACTS (formerly PSAS) is provided to current families attending OLM School. Anyone wishing to apply for tuition assistance must fill out an online application form, with proper financial documentation, including a current tax return, by March 15. We are unable to process any request for tuition assistance without this form being filed.
FACTS processes the applications to ensure total confidentiality and objectivity. They rank families by need and send us the rankings. FACTS does not award tuition assistance. We do our best to match needs with the tuition assistance funds we have available. Tuition assistance offers are usually mailed by the last week of May.
Note that Tuition Assistance is separate from the subsidy that a supporting Catholic parish pays to our school on behalf of the families who participate at their parish.
This overall financial policy reflects the interaction and consultation of the Board of Education, the Finance Council, Business Manager, the Principal, and Pastor of Our Lady of Mercy Church in concert with policies established by the Diocese of Charlotte.
Click on the link to APPLY for a FACTS Tuition Assistance Application form. FACTS DOES NOT provide financial assistance. FACTS is an outside agency that ranks your individual (family) financial needs based on the information provided. 
This application requires documentation for income received the previous year..
     1.    Detailed copies of all pages and Schedules of your previous year Federal Income Tax Return Form 1040, 1040A, or 1040EZ (as filed with the IRS) for individuals listed in Sections A and B Recaps and/or Summary Forms are not acceptable. If you file Schedule(s) A, C, E, or F, you must provide copies. If you have not yet filed, or are not required to file a tax return, see the REQUIRED DOCUMENTATION section of the INSTRUCTIONS.
     2.    Copies of all previous year W-2 Wage and Tax Statement Forms, all previous year1099/1099R for Interest/Dividends, Pensions/Annuities and/or Misc. Income Forms for individuals listed in Sections A and B (Please make sure all documentation is copied on regular 8 1/2 x 11 paper – Documentation cannot be returned).
     3.    Documentation of TOTAL AMOUNTS received in previous year for all Non-Taxable Income (see Section G for specific requirements)..

The Opportunity Scholarship Act creates scholarships that allow low-income and working-class students (in grade K-12) to attend participating private schools.
For more information, click on the link below and you will be redirected to the School Choice NC website.  
 NC Opportunity Scholarship Information
**The State of North Carolina begins accepting scholarship applications for the next school year  FEBRUARY 1st!!   

The Disabilities Grant Program was created by the NC General Assembly to help parents pay qualified expenses for children with disabilities who attend school in an eligible nonpublic setting for which tuition is required. Qualified applicants can receive up to $6,000 per child. The application portal opens May 1st for the next school year.
For more information, click  the link below:

K12 Disabilities Grant.