Breaking the barriers of educational disparity, the Indiana Choice Scholarship Program (ICSP) stands as a beacon of opportunity for eligible families. This groundbreaking program, poised to make a profound impact in the 2024-2025 academic year, empowers parents with the freedom to choose the educational path that best aligns with their children’s unique needs. However, it is essential to understand the income limits associated with the ICSP to determine eligibility. Join us as we delve into the critical details, providing clarity and guidance for families seeking to unlock the transformative power of the Indiana Choice Scholarship Program.
To qualify for the ICSP, families must meet specific income requirements. For the 2024-2025 academic year, the income limit for a family of four is $150,000. This limit increases by $10,000 for each additional family member. For example, a family of five would have an income limit of $160,000. It is important to note that these income limits are based on the family’s adjusted gross income (AGI) from the previous tax year. Therefore, families should refer to their most recent tax return to determine their eligibility.
In addition to the income limit, families must also meet certain residency requirements. To be eligible for the ICSP, families must have resided in Indiana for at least one year prior to applying for the scholarship. Furthermore, the child must be enrolled in kindergarten through grade 12 in a participating private school. Notably, the ICSP is available to both Indiana residents and non-residents. However, non-resident families must meet the same income and residency requirements as Indiana residents. By carefully considering these eligibility criteria, families can navigate the application process with confidence, paving the way for their children to embrace the transformative opportunities provided by the Indiana Choice Scholarship Program.
Income Eligibility Thresholds for Indiana Choice Scholarship Program (2024-2025)
Adjusted Gross Income Eligibility Thresholds
To be eligible for the Indiana Choice Scholarship Program, families must meet specific adjusted gross income (AGI) thresholds. These thresholds vary based on household size. For the 2024-2025 school year, the AGI eligibility thresholds are as follows:
**Families with one child:** $60,000
**Families with two children:** $75,000
**Families with three children:** $90,000
**Families with four children:** $105,000
**Families with five or more children:** $120,000
Families whose AGI exceeds these thresholds are not eligible for the Indiana Choice Scholarship Program. However, families who are temporarily experiencing financial hardship may still be eligible for the scholarship. To determine if you qualify for a hardship waiver, please contact the Indiana Department of Education (IDOE) at (317) 232-6601.
AGI Verification Requirements
Families applying for the Indiana Choice Scholarship Program are required to submit proof of their AGI. This can be done by providing a copy of their federal income tax return for the most recent tax year. If you do not have a copy of your tax return, you can obtain a transcript from the Internal Revenue Service (IRS) by calling (800) 829-1040.
Additional Eligibility Requirements
In addition to meeting the AGI eligibility thresholds, families must also meet the following requirements to be eligible for the Indiana Choice Scholarship Program:
- The child must be a resident of Indiana.
- The child must be enrolled in a private school in Indiana.
- The child must be in kindergarten through 12th grade.
- The family must not have received a voucher under the Indiana Choice Scholarship Program in the previous two years.
Income Limits for Family of 1
The income limit for a family of 1 to be eligible for the Indiana Choice Scholarship is $102,300 for the 2024-2025 school year. This means that if your family’s income is below this amount, you may be eligible for the scholarship. To apply for the scholarship, you must submit an application to the Indiana Department of Education by the deadline.
Income Limits for Family of 2
The income limit for a family of 2 to be eligible for the Indiana Choice Scholarship is $137,100 for the 2024-2025 school year. This means that if your family’s income is below this amount, you may be eligible for the scholarship. The income limit for a family of 2 is higher than the limit for a family of 1 because the government recognizes that families with more members have higher expenses.
For families of 3 or more, the income limit is increased by $6,700 for each additional family member. For example, the income limit for a family of 3 is $143,800, and the income limit for a family of 4 is $150,500.
The income limits for the Indiana Choice Scholarship are based on the federal poverty guidelines. The poverty guidelines are updated each year by the U.S. Department of Health and Human Services. The income limits for the Indiana Choice Scholarship are also updated each year to reflect the changes in the federal poverty guidelines.
| Family Size | Income Limit |
|—|—|
| 1 | $102,300 |
| 2 | $137,100 |
| 3 | $143,800 |
| 4 | $150,500 |
| 5 | $157,200 |
| 6 | $163,900 |
| 7 | $170,600 |
| 8 | $177,300 |
Income Limits for Family of 2
The Indiana Choice Scholarship program provides financial assistance to low- and middle-income families to help them afford private school tuition. The income limits for the program vary depending on the number of children in the family. For a family of 2, the income limits for the 2024-2025 school year are as follows:
| Number of Children | Income Limit |
|:—|:—|
| 1 | $45,600 |
| 2 | $60,100 |
| 3 | $74,600 |
Families with incomes below these limits may be eligible for a scholarship that covers up to 90% of the cost of private school tuition. The amount of the scholarship award is based on the family’s income and the cost of the school they are attending.
Income Limit for Family of 3
The income limit for a family of 3 in the Indiana Choice Scholarship program is $74,600 for the 2024-2025 school year. This means that families with incomes below this amount may be eligible for a scholarship that covers up to 90% of the cost of private school tuition. The amount of the scholarship award is based on the family’s income and the cost of the school they are attending.
Families with incomes above the limit may still be eligible for a smaller scholarship award. The amount of the award will be prorated based on the family’s income. To apply for the Indiana Choice Scholarship, families must submit an application to the Indiana Department of Education. The deadline to apply is April 15, 2024.
Income Limits for Family of 3
For the 2024-2025 school year, the income limit for a family of three to qualify for the Indiana Choice Scholarship is $85,732. This means that if your family’s income falls below this threshold, you may be eligible to receive funding for private school tuition.
Income Limits for Family of 4
For the 2024-2025 school year, the Indiana Choice Scholarship income limits for a family of four are as follows:
| Income Range | Scholarship Amount |
|---|---|
| Up to $65,000 | 100% |
| $65,001 to $75,000 | 75% |
| $75,001 to $85,000 | 50% |
| $85,001 to $95,000 | 25% |
| Over $95,000 | 0% |
Notes:
- Income is based on the total adjusted gross income (AGI) of the family as reported on their federal income tax return for the prior year.
- The scholarship amount is a percentage of the maximum scholarship amount, which is currently $7,500 for K-12 students.
- Families with more than four children may be eligible for a higher scholarship amount.
- Families who receive other forms of financial assistance, such as free or reduced-price school meals, may also be eligible for a higher scholarship amount.
Income Limits for Family of 5
Families with five members, including the student, have higher income limits for eligibility for the Indiana Choice Scholarship. For the 2024-2025 school year, the income limits are as follows:
If your family’s total annual income for 2022 is at or below the following amounts, your child may be eligible for the Indiana Choice Scholarship:
| Family Size | Income Limit |
|---|---|
| 1 | $45,000 |
| 2 | $60,000 |
| 3 | $75,000 |
| 4 | $90,000 |
| 5 | $105,000 |
| 6 | $120,000 |
It’s important to note that the income limits are based on the family’s total annual income for the previous year, in this case, 2022. If your family’s income exceeds the limit for your family size, your child will not be eligible for the scholarship.
Income Limits for Family of 6
For the 2024-2025 school year, the income limits for a family of 6 to qualify for the Indiana Choice Scholarship are as follows:
| Income Type | Limit |
|---|---|
| Adjusted Gross Income | $105,000 |
Dependent Students
Dependent students are eligible for the scholarship if their parent or guardian’s income falls below the income limits. The income of the dependent student is not considered in determining eligibility.
Independent Students
Independent students must meet the following income limits to be eligible for the scholarship:
- Unmarried students without dependents: $60,000
- Married students filing jointly without dependents: $120,000
- Married students filing separately with dependents: $60,000
Income Limits for Families of 7 or More
For families of 7 or more, the income limit for the 2024-2025 school year is $90,090. This means that if your family’s income is at or below this amount, you may be eligible for the Choice Scholarship.
Additional Details
- The income limit for families of 7 or more is based on the federal poverty level (FPL).
- The FPL is a measure of poverty that is used by the federal government to determine eligibility for various programs.
- The FPL is updated each year, and the income limit for the Choice Scholarship is based on the FPL for the year in which the scholarship is awarded.
Income Table
The following table shows the income limits for families of 7 or more for the 2023-2024 school year. The income limits for the 2024-2025 school year will be announced in the spring of 2024.
| Number of Family Members | Income Limit |
|---|---|
| 7 | $90,090 |
| 8 | $102,960 |
| 9 | $115,830 |
| 10 | $128,700 |
Adjustments to Income Limits for Subsequent Years
The Indiana Choice Scholarship program’s income limits are adjusted annually to reflect changes in the cost of living. These adjustments are made by the Indiana State Board of Education based on the Consumer Price Index, a measure of inflation.
The following table shows the adjusted income limits for the 2024-2025 school year:
| Household Size | Income Limit |
|---|---|
| 1 | $54,225 |
| 2 | $69,550 |
| 3 | $84,875 |
| 4 | $100,200 |
| 5 | $115,525 |
| 6 | $130,850 |
| 7 | $146,175 |
| 8 | $161,500 |
| 9 or more | $176,825 |
The income limits apply to the total income of all members of the household, including the student. If the household income exceeds the income limit, the student will not be eligible for the Indiana Choice Scholarship.
Additional Considerations for Determining Income Eligibility
1. Tax Returns
The Indiana Choice Scholarship Program relies on the federal income tax return as the primary document for determining income eligibility. However, if you or the student has not filed taxes, you must provide proof of income from other sources, such as a W-2 or paycheck stubs.
2. Adjusted Gross Income (AGI)
AGI is the income used to calculate income tax liability. It includes all income sources, such as wages, salaries, dividends, and interest. When determining income eligibility for the Indiana Choice Scholarship, AGI is used as a measure of income.
3. Gross Income
Gross income is the total income earned before any deductions or adjustments. It includes wages, salaries, self-employment income, investment income, and other sources.
4. Number of Dependents
The number of dependents claimed on your tax return can affect your income eligibility. The more dependents you claim, the higher your income limit will be.
5. Filing Status
Your filing status, such as single, married filing jointly, or head of household, also affects your income limit.
6. Exemptions
Exemptions are subtractions from your income that reduce your taxable income. They can affect your income eligibility for the Indiana Choice Scholarship.
7. Credits
Credits are reductions in your tax liability that do not reduce your income. They do not affect your income eligibility for the Indiana Choice Scholarship.
8. Extraordinary Circumstances
If you have experienced extraordinary circumstances, such as a job loss or a medical emergency, you may be able to request an adjustment to your income eligibility.
9. Verification of Income
The Indiana Department of Education (IDOE) may request documentation to verify your income, such as a tax return, pay stubs, or other proof of income.
10. Table of Income Limits
Below is the income limit for the Indiana Choice Scholarship program, effective for the 2024-2025 school year.
| Filing Status | Income Limit |
|---|---|
| Single | $55,000 |
| Married Filing Jointly | $110,000 |
| Head of Household | $82,500 |
| Married Filing Separately | $45,000 |
Income Limits for Indiana Choice Scholarship 2024-2025
The Indiana Choice Scholarship program provides financial assistance to eligible students to attend private schools in Indiana. To qualify for the scholarship, students must meet certain income eligibility requirements. For the 2024-2025 school year, the income limits are as follows:
- For families with one child, the income limit is $66,000.
- For families with two children, the income limit is $78,000.
- For families with three children, the income limit is $90,000.
- For families with four children, the income limit is $102,000.
- For families with five or more children, the income limit is $114,000.
These income limits are based on the federal poverty guidelines. Families whose income exceeds the applicable income limit are not eligible for the Indiana Choice Scholarship.
People Also Ask About Indiana Choice Scholarship Income Limits 2024-2025
What is the Indiana Choice Scholarship?
The Indiana Choice Scholarship is a state-funded program that provides financial assistance to eligible students to attend private schools in Indiana.
Who is eligible for the Indiana Choice Scholarship?
To be eligible for the Indiana Choice Scholarship, students must meet the following requirements:
- Be a resident of Indiana
- Be enrolled in a private school in Indiana
- Meet the income eligibility requirements
How do I apply for the Indiana Choice Scholarship?
To apply for the Indiana Choice Scholarship, students must submit an application to the Indiana Department of Education. The application deadline is May 1st.
