Tax Credit Scholarships (TCS)
Tax Credit Scholarships (TCS)* are awarded to income qualified Bishop Chatard students and are funded by Bishop Chatard benefactors through a Scholarship Granting Organization (SGO).
*They are called ‘Tax Credit’ Scholarships because people who donate to BCHS through the SGO to fund these scholarships receive an Indiana Income Tax Credit. (View more about making a SGO donation)
Eligibility
Any student who lives in Indiana, is currently attending or applying to a K-12 non-public school, and meets income guidelines is eligible.
Income Guidelines
In general, income guidelines are based on the Adjusted Gross Income (line 11) of your Federal 1040 tax return. The 2024/2025 income guidelines are as follows:
| Household Size | Income Eligibility |
|---|---|
| 1 | $111,444 |
| 2 | $151,256 |
| 3 | $191,068 |
| 4 | $230,880 |
| 5 | $270,692 |
| 6 | $310,504 |
| Household Size | Income Eligibility |
|---|---|
| 7 | $350,316 |
| 8 | $390,128 |
| 9 | $429,940 |
| 10 | $469,752 |
| 11 | $509,564 |
| 12 | $549,376 |
Award Amount
Tax Credit Scholarships do not have a pre-determined award amount. The actual amount awarded for each scholarship is based on family need and is limited to the amount available in the Bishop Chatard Tax Credit Scholarship fund.
Details
- Families must apply for financial aid via FACTS to be considered for a Tax Credit Scholarship.
- Not all students who receive an Indiana School Choice Scholarship will be awarded a Tax Credit Scholarship.
Questions?
Contact Bob Bell, Tuition Manager, at bbell@bishopchatard.org.