Parents are charged a $25 processing fee for any withdrawal after July 1. Official withdrawal must be made by completing a withdrawal form in the office or by email two weeks prior to the withdrawal from the school. Failure to notify the office will require payment for two additional weeks of tuition.
Two weeks notice must be given to the office when changing preschool programs where the change results in reduced number of hours or number of days. Failure to do so will require the higher payment for those two weeks. There is a $20.00 fee for changing programs.
We have enlisted the services of FACTS Grant & Aid Assessment to help us evaluate requests for financial aid. FACTS provides third-party objectivity and will make a recommendation to the School Board who will in turn make the final decision regarding tuition assistance awards.
Instructions to apply for tuition assistance can be found here.
Click Here to download a PDF File of BVCS Tuition Information.
529 PLANS – Education Savings Plan
The tax overhaul bill passed by Congress in December 2017 provided a change to the College 529 plans. Formerly, these plans only provided preferential tax treatment of account distributions if the money was used for higher education. The new tax bill now allows tax-free distributions for primary and secondary private education for up to $10,000 per plan beneficiary. Distributions are paid to the owner/trustee of the account and are for tuition only.
For years, 529 plans have allowed parents, grandparents and others to contribute money to an investment account that allows tax-free growth of investment returns and tax-free distributions as long as those distributions were for higher education expenses. As such, these plans have allowed for a very efficient method of saving for college that has now been extended to primary and secondary within the allowable limits.
If parents and grandparents wanted to get a start on saving for education, plans can be started when children are infants to be ready for either primary, secondary or higher education expenses. Consult your tax or investment advisor to begin taking advantage of this tax benefit for education.