top of page

Add a Title

Add a Title

Add a Title

Add a Title

Info

Read more...

Add a Title

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Read more...

Add a Title

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Read more...

Whitaker-Myers Wealth Managers is an SEC-registered investment adviser firm. The information presented is for educational purposes only and intended for a broad audience. The information does not intend to make an offer or solicitation to sell or purchase any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. Whitaker-Myers Wealth Managers reasonably believes that this marketing does not include any false or misleading statements or omissions of facts regarding services, investment, or client experience. Whitaker-Myers Wealth Managers has a reasonable belief that the content will not cause an untrue or misleading implication regarding the adviser’s services, investments, or client experiences. Please refer to the firm’s ADV Part 2A for material risks disclosures.

Past performance of specific investment advice should not be relied upon without knowledge of certain circumstances of market events, the nature and timing of the investments, and relevant constraints of the investment. Whitaker-Myers Wealth Managers has presented information in a fair and balanced manner.

Copyright (c) 2023 Clearnomics, Inc. and Whitaker-Myers Wealth Managers, LTD. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on or via www.clearnomics.com or any affiliated websites, applications, or services are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company's stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed in this report are proprietary to Clearnomics, Inc. and constitute valuable intellectual property. All unauthorized reproduction or other use of material from Clearnomics, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Clearnomics, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. Clearnomics, Inc. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights.

  • Writer's pictureJake Buckwalter

What Ohio’s EdChoice program can mean for you, and what scholarship money could be available

Updated: Sep 28, 2023

Ohio recently expanded the EdChoice program to allow families of all income levels to apply for some scholarships to be used in grades K-8 and 9-12. The program provides state-funded scholarships to K-12 students who meet the eligibility criteria. The scholarship must be used to attend private schools that meet the requirements for program participation. You can find a complete list of the schools in your county by clicking the link here and selecting your county from the dropdown menu.


Scholarship limits

For 2023, the maximum voucher a family can qualify for in grades K-8 is $6,165, and for 9-12, $8,407. This maximum voucher amount is reduced as household income increases. Those in the highest bracket can only receive a maximum of $650 for grades K-8 and $950 for grades 9-12. The voucher amount is based on household income and the percentage above the federal poverty level. The federal poverty levels are adjusted for family size. You can find a complete breakdown of this in the chart below.


Income brackets

Use your household income and family members to find out your maximum voucher. Then, divide that number by the poverty guideline to get a percentage. For example, for a family of 4 making $140,000 a year, $140,000 / $30,000 is 4.66. Convert to a percentage, 466%, and use the following chart to see what voucher you would qualify for.


So, in the above example, the family would be eligible for $5,200 for grades K-8 and $7,050 9-12. Anyone under 450% qualifies for the maximum voucher.


Here is another chart that displays the scholarship eligibility based on income and family size:


Applying for the Ohio EdChoice Scholarship

If you meet the eligibility requirements and have chosen a school, you must complete a scholarship request. The process may vary by school, so check with the school Principal to be sure, but a general guideline of the application process is as follows:

· Verify your income on the Ohio Department of Education’s website.

  • Use the document below to guide you through the income verification process

· Complete the EdChoice Request Form Application – your school will be able to get you this application.

· Have a copy of your utility bill that shows your name, mailing address, AND service address. EdChoice is particular about it being a utility bill that lists mailing and service addresses.

· Have a copy of your child’s birth certificate

The application, utility bill, and birth certificate will likely get submitted to the school, and they will submit it to Ohio EdChoice, but just check with them on the process.


Then, you must wait for mail confirmation from the Ohio Department of Education regarding the scholarship decision and/or if there are any issues in verifying your income and/or eligibility. Your school will also be notified.

Ohio EdChoice Quick-Guide-Income-Verification-Portal-20230427 - Jake's article
.pdf
Download PDF • 409KB

Qualifying for the Scholarships

If you are close to reaching one of the income breakpoints and have access to an employer-sponsored plan, you may want to consider contributing pre-tax dollars to lower your yearly income. This will impact your annual income and scholarship eligibility for next year and might be a good option, especially if you have multiple children receiving the voucher. Your Financial Advisor would be happy to discuss this with you in more detail if you have any questions that are specific to your situation.


Comments


Whitaker-Myers Wealth Managers is an SEC-registered investment adviser firm. The information presented is for educational purposes only and intended for a broad audience. The information does not intend to make an offer or solicitation to sell or purchase any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. Whitaker-Myers Wealth Managers reasonably believes that this marketing does not include any false or misleading statements or omissions of facts regarding services, investment, or client experience. Whitaker-Myers Wealth Managers has a reasonable belief that the content will not cause an untrue or misleading implication regarding the adviser’s services, investments, or client experiences. Please refer to the firm’s ADV Part 2A for material risks disclosures.

Past performance of specific investment advice should not be relied upon without knowledge of certain circumstances of market events, the nature and timing of the investments, and relevant constraints of the investment. Whitaker-Myers Wealth Managers has presented information in a fair and balanced manner.

Copyright (c) 2023 Clearnomics, Inc. and Whitaker-Myers Wealth Managers, LTD. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on or via www.clearnomics.com or any affiliated websites, applications, or services are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company's stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed in this report are proprietary to Clearnomics, Inc. and constitute valuable intellectual property. All unauthorized reproduction or other use of material from Clearnomics, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Clearnomics, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. Clearnomics, Inc. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights.

bottom of page