Tuition Reduction Using SCRIP Every family that wants to use the SCRIP program will have to fill out an enrollment form before starting to acquire credit toward tuition. Every order will have to be submitted with an order form. The family receiving the credit will need to be clearly marked.
By using the SCRIP you will accumulate 40% of the profit that you raise (not the amount of the purchase). That amount of credit will be deducted from your tuition for next year. When tuition envelopes are distributed in the fall the SCRIP amount from the previous year will already be deducted. A cap of 40% is placed on the amount of tuition that can be reduced. If you are receiving other assistance the cap would apply to the lesser amount.
i.e., 40% of $1395 = $558.00
The tuition credit earned will ONLY count toward tuition. You are still responsible for book fees, uniforms and work hour monies. If a family chooses not to return the next year, the SCRIP profit earned would go toward the project goal for that year. If a family leaves in the middle of the school year the credit earned would go toward the goal for that year. If your youngest is in the eighth grade the profit you accumulate will go toward the eighth grade gift fund. Parishioners and Teachers SCRIP profit earned not designated toward a family will be applied to the scholarship fund or the project goal. It will be their choice. The project goal for the next year will be decided by HASA members/faculty the previous year.
After the tuition is paid, the goal has to be less than the balance of the profit made for the year or make the goal a 2-year project. The profit for the year will be distributed approximately this way: 40% tuition reduction, 40% goal project, 20% will go back into the SCRIP fund to continue to build the funds there. Other SCRIP program guidelines have not changed. Your SCRIP purchases can still be made by you, family, friends, coworkers etc. Every order does not have to be paid with a check from you and cash is accepted. The check does need to be made out to Our Lady of Hungary School.
A fee of $20 will be assessed for every returned check. A post-dated check will not be accepted. SCRIP for tuition will start June 1, 2002 and end for the year on the same date in 2003. Remember the reduction you earn will reduce your 2003-2004 tuition bill.
SCRIP Program Enrollment Form (105k).
In-Stock SCRIP Order Form
Special Order SCRIP Order Form
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