“What would we have done without it?”
That is the question one mother asked herself when speaking about the Educational Improvement Tax Credit (EITC). After seeing her son thrive in the academically excellent and nurturing environment of her local Catholic school, this mom recognized that she had found the right school for her son’s learning needs.
The small class size, caring environment and specialized attention from teachers have made a positive difference in her son’s success. Yet she added, “None of this would have been possible without EITC funding.”
Both EITC and the Opportunity Scholarship Tax Credit (OSTC) programs are funded by companies that contribute to scholarship organizations in exchange for a tax credit. The longstanding EITC program has helped tens of thousands of students attend the school of their choice, including Catholic schools. The three-year-old OSTC program helps thousands more by giving special scholarships particularly for income eligible students who live in communities with the lowest performing public schools.
EITC tax credits are often depleted on the first day of their availability. OSTC credits are also exhausted. The need for more credits, to help more parents pick the best school for their children, is evident.
