Assumption High School works diligently to meet the needs of our many families seeking financial assistance. Thanks to our generous donors and Assumption community, approximately $1.2 million was awarded in financial assistance for the 2018-2019 school year. In an effort to assess all applications, the school works with an independent organization, FACTS Grant and Aid Assessment which reviews applications and supporting information to make a need based determination.
Financial assistance at Assumption comes from a variety of sources including our annual Fund for Assumption, Rocket Spectacular Benefit Dinner & Auction, and the Walk for Assumption. Families receiving financial assistance are expected to assist with Rocket Spectacular. We are grateful for the generosity of our many donors who truly value the mission of AHS and assist us in making an Assumption education possible for your daughter.
TUITION & PAYMENT OPTIONS FOR THE 2018-2019 SCHOOL YEAR
Important K-12 Tax Law Changes for 529 Savings Accounts in Kentucky
(Prepared by Leisa Schulz, Superintendent of Schools, Archdiocese of Louisville
from Information Provided by David Lawhorn, KHEAA)
Please see below information related to the K-12 tax law changes for 529 savings accounts and KY HB 434 that was passed this year with an enactment date of July 16, 2018 in Kentucky.
The following Kentucky web site will be updated with information as the July 16, 2018 enactment date in Kentucky draws nearer:
Here is what currently appears on the web site above:
Important News: Federal legislation signed by President Trump includes changes to Section 529 college savings plans
Jan 09, 2018
The tax plan signed into law on December 22, 2017 by President Trump includes provisions related to 529 college savings plans. Effective January 1, 2018, qualified withdrawals for federal tax purposes have been expanded to include up to $10,000 in tuition per student in connection with enrollment or attendance at public, private, or religious elementary or secondary schools.
Only the federal tax treatment for qualified distributions was changed by the federal tax plan. At this time, states are reviewing the impact of the federal tax change to determine whether they require changes to state legislation. Additional updates pertaining to the state tax treatment for K-12 withdrawals are forthcoming.
We recommend you consult a qualified tax advisor about your own personal situation.