The Choice Scholarship Program (Voucher) at ISI

The ISI High School began participating in the Choice Scholarship Program in 2017-2018 for grades 9 to 12. The Upper School expanded participation to include the Middle School in the 2023-2024 school year. A cautious approach was applied to expansion, specifically for the Lower School, as ISI wanted to ensure that our unique approach to education, pairing language learning with the Primary Years Program, could remain the same while participating in the program. In April 2024, after a thorough evaluation, ISI announced that the program would be expanded to all eligible grade levels for the 2024-2025 academic year. Currently, participation is possible for eligible families with Kindergarten through Grade 12 students through the 2026-2027 academic year.

Beginning in the 2026-27 academic year, Indiana will expand school choice to all families, making vouchers universally available. This means there are no longer income restrictions, and all Hoosier K-12 families are able to use school vouchers to fund their child's education.

Estimated award amounts depend on the school district where the student resides. Families applying to ISI or reenrolling for the 2026-2027 academic year can view the Indiana Department of Education’s 2026-2027 School Year Estimated Award Amounts Document to better understand estimated voucher award amounts.

As a private, independent school, ISI is committed to having the freedom to define our mission and education philosophy, design curricula and academic programs that best serve our students’ needs, adopt the best pedagogical approaches for our students, establish job requirements and expectations for the performance of our faculty and staff, and adopt admissions procedures that reflect the mission and values of our school.

Though ISI has had to meet additional requirements to participate in the Choice Scholarship Program (for example, testing) to date, ISI has maintained autonomy, ensuring self-governance and defining and carrying out its educational mission, policies, and procedures without interference.

All schools wishing to participate in the Choice Scholarship Program, including schools that have participated in prior years, must complete a Choice School Application annually. On an annual basis, and prior to applying, ISI evaluates participation, ensuring that requirements for participation don’t interfere with the school’s ability to maintain autonomy in operational, governance, instructional, academic, and extracurricular programs and practices.

The majority of financial aid offered by ISI reflects an unfunded tuition discount, meaning financial aid comes largely from the institution's gross revenue rather than financial aid backed by endowed scholarships or grants. Participation in the Choice program provides a partial but important funding source for the school’s financial aid program. Since ISI has expanded its participation in the Choice Scholarship Program, it has made an ISI education more accessible, with an estimated 76% of the financial aid recipients at ISI receiving funded or partially funded financial aid, an increase from 24%.

Satisfy the following requirements:

• The student must have a legal settlement in Indiana.  
• The student must be entering grades K-12.
• The student must be at least five (5) years of age and less than 22 years of age on or before October 1 of the school year.

Click here for estimated award amounts for 2026-2027. Note that the estimated amount is based on the student’s public school corporation of legal settlement (the school district where the student resides).

ISI will apply for Choice on your behalf if you qualify, and you will receive a notification from the school confirming eligibility and your adjusted tuition rate. 

For families who have already applied for Financial Aid, the Registrar works directly with them and keeps them informed of the status and any additional documentation needed for their Choice application.

Families who are NOT currently receiving financial aid awards but who meet the eligibility requirements do not need to apply for financial aid, but will complete the ISI Choice Scholarship Eligibility Form.

The form requires that you upload one of the following to substantiate Proof of Residency:

• Bank Statement
• Credit Card Bill
• Loan Statement
• Lease Agreement
• Mortgage 
• Rental Contract
• Property Deed
• Tax Bill
• Voter Registration
• Homeowners/Auto/Renters Policy
• Utility Bill
• DL
• Tax Returns

Forms must be submitted by April 15 so that the tuition bill sent over the summer reflects the Choice award and modified tuition obligation amount.

For families already receiving financial aid awards from ISI, the overall total award will not change unless the voucher amount exceeds the current aid award. 

With Choice vouchers applied, tuition will be reduced by 23 to 31%, depending on your student's grade level and residency. Your ISI Invoice will be adjusted to reflect Financial Aid provided by the State and or ISI, and Your Family’s Expected Contribution:

Financial Aid

• Tuition Obligation fulfilled by ISI Financial Aid Contribution 
• Tuition Obligation fulfilled by the Indiana Choice Scholarship Program

Your Family’s Contribution:

• Tuition Obligation fulfilled by family