CTO News

Unlocking Educational Opportunities: Financial Assistance for Southwest Iowa Families

by Mark A. Reed, Sr. Executive Director, CTO | Published March 28, 2024

In the pursuit of quality education for all, Iowa stands at the forefront, offering families two invaluable resources – School Tuition Organizations (STOs) and Iowa Education Savings Accounts (ESAs). Families living within the Diocese of Des Moines are not only encouraged but should explore the benefits of both programs, as qualified applicants can receive assistance from both avenues. Here’s why families should consider these opportunities and how they can shape the educational future of their children. 

Dual Support: STOs and ESAs Working Hand in Hand 

Understanding the financial challenges families face, Iowa provides a dual support system through STOs and ESAs. Eligible families can and should apply for assistance from both programs, ensuring comprehensive financial aid for their children’s education. This combined approach aims to break down barriers and make quality education accessible to all.

STOs: Opening Doors to Educational Equality 

Iowa STOs, like the Catholic Tuition Organization (CTO), play a pivotal role in providing financial assistance to students of families facing economic constraints. To qualify for CTO, a family’s income should be at or below 400% of the Federal Poverty Guidelines. This support is available for students in K-12 grade levels, creating opportunities for a diverse range of learners.

ESAs: Investing in Educational Futures with Flexibility

Iowa ESAs take a forward-thinking approach, offering financial flexibility and planning for families. ESAs are available to all new/transfer students, kindergarten students, and current students whose family income is at or below 400% of the Federal Poverty Guidelines. A unique feature of ESAs is that any remaining funds in the student’s account can be utilized for future tuition costs or other eligible education expenses, providing families with financial foresight and planning. 

Key Dates for Application: Act Now for a Brighter Tomorrow 

For families considering assistance through CTO, the application deadline is Monday, April 15. This is a crucial opportunity for eligible families to secure financial aid for the 24-25 academic year. It is imperative to act promptly and not miss out on this chance. To apply visit htps://fairapp.com, using school code 450 and password 450ddm.

Simultaneously, the application window for ESAs will begin on April 16 and extends until June 30. Families are urged to plan ahead, gather necessary documentation, and submit their applications within this time frame to benefit from the ESA program.  For more information or to apply visit htps://withodyssey.com/iowa. 

Iowa’s commitment to accessible education is evident through the diverse avenues of support available to families. By applying for financial assistance through both CTO and ESAs, eligible families can pave the way for a brighter educational future for their children. Act now, meet the deadlines, and invest in the potential that a quality Catholic education brings to the next generation. 

Don’t miss the chance – secure your educational future today! 

For more information about CTO or to donate and receive 75% Iowa tax credits, please visit www.CTOIowa.org or call 515-237-5010.  The bottom line?  It’s for the KIDS…and their futures!

In a society plagued by relativism, sending our children to Catholic schools allows them the grace to be rooted in our Catholic faith, understand natural law and grow in values and virtues needed by all in society.

The bottom line?  It's for the kids...
and their futures!
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