The Cost of a Catholic Education
One of the first questions parents ask when considering a Catholic education for their child is “Can we afford it?” We understand that the thought of financing a Catholic education can be daunting, but it doesn't have to be. At St. Katharine Drexel School, it is our mission to make a quality, Catholic education accessible to every Sacred Heart, St. Augustine’s, and St. Mary’s Cathedral Parish family that desires one for their child.
How is this possible? Let’s start with the numbers. Every Parish operating a Catholic school, has differences in how they finance the cost of a child’s education. St. Katharine Drexel School, like most Catholic schools, depends on three basic means to finance this cost:
· Family Investment (Faith-Based Covenant)
· Parish Investment (Parish Subsidies)
Parent tuition, parish subsidies, and fundraising are equally fundamental to the success of St. Katharine Drexel School. Like a “three-legged stool”, St. Katharine Drexel depends on the revenue from each of these three components for financial stability. This requires a sacrificial commitment from our families and parishioners, but the benefits to all our children and families are extraordinary.
The Faith-Based Covenant
In Matthew 9:14, Jesus said “Let the little children come to me, and do not hinder them, for the Kingdom of Heaven belongs to such as these.” In keeping with the teaching of Jesus Christ, St. Katharine Drexel School is committed to enrolling a truly inclusive and diverse school community. Essential to this policy is our Faith-Based Covenant tuition model. It is designed to determine each student’s tuition according to the principle that a family’s financial investment in their child’s education should be equitable to its financial resources.
Determining Your Financial Investmest
Families annually submit a confidential financial commitment to the Principal. This covenant states what your family’s financial contribution will be towards your child’s tuition. Each family is to prayerfully consider their financial commitment. When determining this amount, we advise families to take into consideration the following factors:
Income, savings, and other assets
Desire to pass on the faith
Special circumstances in the family
The value given to education
Family members, such as grandparents, who would like to support your child’s education
An Investment of Time and Talent
Once your financial investment has been determined, we ask that you consider how much time you are able to invest in your child’s education through volunteering and active participation in your child’s school community. Everyone has been given gifts from God. We consider your investment of time and talent to be equally as important as your financial investment. Our volunteers help keep our education costs low, build a sense of community amongst St. Katharine Drexel families, and carry out the mission of Christ to serve others. We also ask families to be active, involved members of one of the three Parishes that help fund St. Katharine Drexel School.
Frequently Asked Questions
HOW IS A FAITH-BASED CONVENANT DIFFERENT THAN TUITION?
Faith-Based Covenant asks parents, in gratitude for blessings received, to make a prayerful financial investment in their child(ren)’s education. We believe that with parents honestly sharing from their financial wealth, all families will be able to attend St. Katharine Drexel School.
WHAT IF I CAN’T AFFORD THE FULL TUITION AMOUNT?
It is okay if you cannot afford to pay the full tuition amount. The amount is given as a guideline for parents to reference when determining what is a reasonable, yet sacrificial amount to invest in your child’s Catholic education.
DO I STILL APPLY FOR FINANCIAL AID?
No, scholarships are not part of the Faith-Based Covenant. The school is funded primarily by parents, parish subsidies, and school fundraisers.
HOW DO I KNOW WHAT TO PLEDGE?
St. Katharine Drexel School asks each family to understand that an honest and prayerful financial investment, and sharing of one’s talents assures a quality, Catholic education for all. We ask the parent’s pledge to be a sacrificial and committed financial investment.
WHAT IF DURING THE YEAR I DISCOVER THAT I COULD HAVE PLEDGED MORE, OR THAT I CAN NO LONGER AFFORD TO MEET MY PLEDGE?
If your family circumstances have changed, adjustments to your pledge can be made during the school year. Please contact school administration to make necessary adjustments.
WHAT IF I AM NOT A MEMBER OF SACRED HEART, ST. AUGUSTINE’S, OR ST. MARY’S CATHEDRAL?
Families who are not members of the sponsoring parishes will need to coordinate with school administration on how to meet the per pupil cost.
HOW ARE PAYMENTS SET UP?
There are two payment options. (1) You can choose to make one payment at the beginning of the school year, or (2) you can choose to make monthly payments via automatic bank withdrawal (ACH).