Tuition Schedule
Our Lady of the Assumption School
Financial Information and Obligations 2025-2026
Our Lady of the Assumption School is an educational ministry of Our Lady of the Assumption parish. We provide a Catholic education primarily for families who are members of the parish. It is expected that all school families contribute to support general operations of the parish.
This year we anticipate increased expenses due to inflation and the ongoing significant utilities charges, healthcare and insurance increases. We must budget to appropriately compensate our staff as well as cover all expenses, so in 2025-2026 we are increasing our tuition by 5%. Other fees remain the same as previous year.
REGISTRATION
Payment of the per student registration fee guarantees student’s placement for the upcoming school year. Registration for both returning and new families begins in February each year, and then increases each month. Deadlines apply for submitting registration forms and payment. Registration is non refundable.
TUITION
Tuition is the principal source for income and vital to the continuation and support of all programs as well as instructional and support staff.
SCRIP (Gift Cards)
Each gift card purchase earns a percentage ‘commission’ that benefits the school. Each family must earn a total of $350.00 in this commission during the year.
SERVICE HOURS
The huge variety of activities and events at OLA only happen because of the amazing contributions of the school parents. Each OLA family must contribute 25 hours or $500.00 ($20 per hour for donations).
FINANCIAL ASSISTANCE
OLA is committed to making Catholic education available and affordable. Any family in need of tuition assistance must complete an application and submit supporting documentation. OLA uses the Archdiocese of Los Angeles Catholic Education Foundation applications to determine need. If a family does not qualify or meet the criteria for a scholarship from the Catholic Education Foundation, the application may be considered for an in-house award, determined by a sub-committee of the OLA finance council. Forms are available in January each year for awards the following school year. Any award will be reflected on FACTS® statements. For more information, please check their website www.cefdn.org.
RETURNED CHECKS
Any/all returned checks for any school events or activities are subject to a $40.00 fee per check. More than one returned check during the school year may void all check writing privileges at Our Lady of the Assumption School.
TUITION COLLECTION, PAYMENT PLANS, AND ‘AUTOPAY’ AUTOMATIC DEDUCTIONS
All families must enroll in FACTS® tuition Management Company, and maintain a family account for tuition and incidental billing. A $50.00 fee is required to establish the service and is collected with the monthly tuition payment. The service fee is waived for families who choose to pay tuition in full or bi-annually (see PAYMENTS options chart below).
- Automatic MONTHLY tuition payments can be initiated on either the fifth (5th) or twentieth (20th) calendar day of each month
- Either a checking or savings account can be used for automatic tuition payments
- Eighth grade families must complete all payments (all tuition and fees) by April 30, 2026.
- CREDIT CARDS: MasterCard, American Express, and Discover may also be used for tuition payments; however, a 3% convenience fee will be assessed on the transaction. Please call the school office to obtain the school account number for FACTS® to credit your payments.
- Existing/Current families - If there are no changes in an existing account, the account enrollment will automatically renew each year; FACTS® will send a confirmation/notification stating when payments will start.
- New families enroll online through FACTS® application once their student has been accepted as part of the registration process.
If payment debits to FACTS® are declined on the due date, the account holder will be charged $25.00 for each missed payment. FACTS® will reattempt the billing on the next billing date (either the 5th or 20th of the month, whichever is first). Reminder notices are e-mailed out. Following two unsuccessful billing attempts, student(s) will not be permitted to attend school until the account is brought current or arrangements have been made with the principal to clear the debt. It is the parents’ responsibility to contact the school office and make past-due payment arrangements in advance of possible student suspension as a result of delinquent tuition. If a family is in default at the end of the school year, the principal and pastor reserve the right to amend financial arrangements on a case by case basis for subsequent years, including refusing re-enrollment. The terms of payments may be amended including, but not limited to, completing all payments by April of subsequent years.
CONVENIENT BILLING AND TRACKING THROUGH FACTS® MANAGEMENT.
FACTS® tuition management and OLA have a convenient system for both tuition and incidental billing, as a safe and convenient way to keep track of payments and charges. Tuition is paid as usual through auto-pay deductions (electronic funds transfers). In addition, FACTS® generates an incidental bill and accepts for the following online payments:
When the incidental expenses are incurred, an invoice is generated and sent via email. Incidental expenses are automatically withdrawn as expenses are incurred with accounts charged 10 days after the invoice date.
PAYMENT OPTIONS
***SCRIP buyout?
Buying out removes the ‘obligation’ to participate, however, all families and staff are encouraged to continue to buy SCRIP gift cards. Purchase of $350 (face value) each month earns free dress for your child. Orders may be sent in with your child, email to [email protected] , or through the online link for pick up at the office: QUICK SCRIP ORDERS
FINANCIAL OBLIGATIONS 2025-2026
Registration Per Student
Tuition per Family
***Each additional child is calculated using the cost per child at the three child rate. For 2025-2026 this is $5,880.00 per additional child.
Fundraising per Family
Other Financial Obligations (applied as appropriate)
Our Lady of the Assumption School
Family Agreement for Financial Information and Obligations 2025-2026