With transparency we can reasonably manage Catholic school tuition.
At St. Peter, we feel we have a great approach to addressing the challenge of Catholic school tuition. St. Peter School offers two options for addressing tuition costs for our families. The first option is our Fixed Tuition Rate Plan, with eligibility for certain discounts for baptized Catholics and multiple children. We adjust this rate annually, and we calculate the rate in relation to the Actual Cost of Education (ACE). This figure reflects the per pupil cost calculated in the prior year’s budget. The fixed tuition rates are always lower than the ACE rate because parish subsidies and local fundraisers offset these costs. Those who pay the fixed rate can do so in a streamlined manner without any financial data verification.
Another option for Catholic school tuition for those in need
The second tuition option is our Variable Tuition Rate Option. With this plan, families can work with school leaders to design a catholic school tuition rate that hopefully works for them. Those who opt for the Variable Tuition Rate Plan must apply through a third party manager called FACTS. Through FACTS, applicants submit financial data such as prior year’s tax statements, W-2’s, 1099’s and other important information in order to fairly assess financial need. After this step, school leaders- including the Pastor- will make a recommendation regarding the tuition rate. We ask returning families to apply for this option no later than January 31st in a given school year. New families seeking this option may complete an application on a rolling basis. However, a few general principles guide our Variable Tuition Rate Plan.
Our process for new families seeking this option is as follows:
- First, initial consultation with principal regarding financial concerns
- Next, apply for the variable option through FACTS (click here)
- Third, review of application by school leaders
- Last, final phone conference or conference to discuss proposed tuition rate and additional considerations
Catholic School Tuition Frequently Asked Questions
Parents may pay tuition over a 10 or 11 month plan with Fixed or Variable option. There is also a discount for those who pay the tuition up front (Fixed Tuition Option only). The 3 methods for paying tuition are:
OPTION 1: Single payment received through FACTS by August 1st — 3% discount (Fixed Option only)
OPTION 2: FACTS tuition monthly payment plan. Payment budgeted over 10 or 11 months beginning in August. Payments can be made on the 5th or 20th of the month.
OPTION 3: Mastercard/ Discover/ American Express credit card– also processed through FACTS Tuition.
The Variable Tuition Option was designed for those who may not be able to afford the Fixed Rate Tuition Option. Those who seek this alternative must formally apply for this. This can be done online by clicking here.
The Camden Diocese establishes parameters within which the individual parishes may set their tuition rates.
The value of a truly Catholic education cannot be overstated. It’s money wisely spent. Your child’s tuition is an investment which pays lifelong tangible and intangible dividends. In the present climate, in the state of NJ, we recognize that there are some real challenges to affordability for families that pay high property taxes and/or rent. These factors are taken into consideration when one applies through the Variable Tuition Option. However, at the end of the day, it is important to realize that Catholic education, like all aspects of our faith, requires some level of sacrifice. We have found that families who value a truly Catholic education are willing to make a certain level of sacrifice and experience all the joys and blessings that come with that act of trust.
Additionally, Catholic Schools represent excellence; there is an emphasis on efficiency and accountability in our school and an unwavering commitment to our school Mission, which is to “teach, model, and nurture Gospel values within the Catholic intellectual tradition.” In addition to a strong program in the “basics,” as well as challenging programs for gifted students, St. Peter emphasizes a well-rounded virtue based educational program with emphasis on a Catholic worldview, leading a life of virtue, and building an academic community that is liturgically centered.