New tax credit scholarship available for several local schools

Last August, Illinois Public Act 100-0465, also known as the Evidence-Based Funding for Student Success Act, was passed. Part of this act included the Invest in Kids Act.

While it can be quite easy to get lost or confused by the intricacies of evidence based funding, the Invest in Kids Act section may be of interest to anyone who would want to send their children to private schools.

According to the Illinois State Board of Education, the Invest in Kids Act “is a five year tax credit scholarship pilot program that will award scholarships to eligible students who attend qualified non-public schools in Illinois.”

Funded by donations from individuals and businesses, this scholarship program is based on financial need. The scholarships can allow families more of a choice in where to send their children, as private schools are often more expensive.

Families can apply for the scholarships by visiting Empower Illinois, www.empowerillinois.org.

The website notes, “Families of K-12 students can apply for scholarships beginning Jan. 31, 2018. The Tax Credit Scholarship will cover up to 100 percent of private school tuition up to a maximum of the average Illinois cost to educate, which is roughly $13,000.”

For more information, please see this week’s print edition.