Some Facts About Catholic Education


One of the most important decisions a parent can make is where they send their children to school.  Not only is a solid academic program the key to future financial independence, but outside of family life, a child's school experience typically has the most impact on their faith and morals.  Catholic schools are an excellent provider of this foundation and represent a great investment!


Consider these facts:

  • The average college graduate will earn $932,000 more than the average high school graduate (U. S. Census Bureau, 2004);
  • More than 95% of 2006 Catholic high school graduates are attending college;
  • More than half of last year's Catholic high school graduates earned an academic scholarship or grant with a total value of about $27 million;
  • College students who take additional time to graduate can cost a family $50,000 per year.  The national average for students graduating from college in 4 years is 39% and 5 years is 63%.  A recent survey of Dayton area Catholic high school grads shows 63% graduated from college in 4 years while 94% finished their degree within 5 years.
  • Academic performance in college is a significant determinant in starting position opportunities.  Assuming that each student will receive a 4% increase each year the 40 years earnings of a $20,000 starting salary is $1,977,000; for $30,000 it is $2,965,000; and $3,953,000 for a $40,000 start.

The bottom line is ... Dayton Catholic schools have high academic standards and excellent performance results which translate into impressive lifetime earning opportunities for most graduates!


Unfortunately, the cost of Catholic schools has strained many household budgets and, in some cases, the affordability issue has put Catholic education completely out of reach.  But a new program called Partnerships 4 Success may be the answer for those Catholic families who want to get, or be able to keep, their children in Catholic schools.


As seen in the Catholic Telegraph (Nov. 10, 2006, page 23), Partnerships 4 Success assists Catholic families in finding part-time jobs as a way to pay tuition costs.  The program was launched in early 2006 by a group of local Catholic educators, business people and religious representatives.  It is not affiliated with any one parish.


Having an extra, part-time job could be the key for many families who want to make the investment in a Catholic education.  For example, working 16 hours a week at $8 an hour translates into more than $6,400 of income per year.  "What this shows is that a modest effort should allow enough discretionary income to get many families over the tuition hurdle," said George Molinsky, retired businessman and chairman of the Partnerships 4 Success program.


Earning Potential - Part-time Work by Father, Mother or Student
Work Schedule $6/Hour $7/Hour $8/Hour $9/Hour $10/Hour $12/Hour
10 Hours per week
50 Weeks $3,000 $3,500 $4,000 $4,500 $5,000 $6,000
40 Weeks $2,400 $2,800 $3,200 $3,600 $4,000 $4,800
30 Weeks $1,800 $2,100 $2,400 $2,700 $3,000 $3,600
 
20 Hours per week
50 Weeks $6,000 $7,000 $8,000 $9,000 $10,000 $12,000
40 Weeks $4,800 $5,600 $6,400 $7,200 $8,000 $9,600
30 Weeks $3,600 $4,200 $4,800 $5,400 $6,000 $7,200
 
Summer Work
40 Hours - 10 Weeks $2,400 $2,800 $3,200 $3,600 $4,000 $4,800
40 Hours - 12 Weeks $2,880 $3,360 $3,840 $4,320 $4,800 $5,760
 
Substitute Teacher
50 Days - $75/day $3,750
100 Days - $75/day $7,500
 
Babysitting
100 Hours - $10/hour $1,000
200 Hours - $10/hour $2,000

If a part-time income will allow your children to enter or stay in a Catholic school and you are interested in receiving assistance with finding part-time work, complete and return the confidential "Prospective Employee" form.


If your business or home needs a quality part-time worker, return the "Prospective Employer" form.


If you have any questions, please call George Molinsky at (937) 433-1188, extension 213.  Keep in mind that there are also financial aid programs available at various schools.


As you make this critical decision, please recognize that the positive experiences and likely success of your Catholic school educated children will provide a higher probability of your grandchildren going to Catholic schools.  Leaving a legacy is about the future - how can you change it, mold it, and inspire it.  When thinking about your children and their children, is there a better legacy than a Catholic education?