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Tuition and Financial Aid

Prospective Families

The information below does not apply to international students who should visit the International Student page.

Tuition for the 2017-18 school year is $14,440 plus a $300 academic fee totaling $14,740. The estimated annual increase is from 3-6 percent. St. Mary's offers five tuition payment options to help meet the needs of its families.

The actual cost per student of a St. Mary's Academy education this year will be $19,240. St. Mary's is committed to seeking additional revenue sources to make up the difference between the actual cost for education and the tuition and fees that are billed to every family. We do this through fundraising efforts which include our annual giving campaign, Auction, Food for Thought luncheon, student fundraiser and grant writing. This assures that tuition can remain affordable for all families who seek a St. Mary's Academy education.

Fees
    • $65 nonrefundable application fee due at time of application submission
    • $250 enrollment fee due with the Confirmation of Attendance form

In addition to these costs, textbooks, retreats, and participation in sports and activities are separate.

Financial Aid

FINANCIAL AID PROGRAM

St. Mary's is committed to enrolling students from diverse economic, ethnic, racial and social backgrounds. As part of that commitment the school has a financial aid program for families who would otherwise be unable to consider St. Mary's as an option for their daughter's education.

Types of Aid

St. Mary's provides two types of tuition assistance:

Tuition reduction of $200 per student is provided to families with more than one daughter enrolled at one time.

St. Mary's also awards financial aid to families on a needs-basis only. Families must apply to be considered for aid.

Should I apply for financial aid?

St. Mary's encourages all families who feel that they will need assistance in meeting the cost of tuition to apply for financial aid. Often, families will ask for guidelines to help determine if they will be eligible for aid. However, each family's circumstances are unique and generate a response that is appropriate only for them.

Financial aid is awarded to the families most in need among the families who apply for aid in a given year. Factors that influence award decisions include such things as family income, assets, number of children and of those, the number attending tuition-charging institutions (excluding universities), and outside scholarships and grants.

Financial aid decisions are made by a finance committee and are determined outside of the admissions process. A family's ability to pay is not part of the admission criteria.

HOW TO APPLY FOR FINANCIAL AID

Class of 2022 Financial Aid Application

Families applying for financial aid will need to complete an application and submit the necessary supporting documentation to FACTS Grant & Aid Assessment by January 12, 2018.

Once an application has been completed, the following supporting documents must be sent to FACTS to complete the application process:

            • Copies of your 2016 Federal tax forms including all supporting tax schedules
            • Copies of your 2016 W-2 forms for both you and your spouse.
            • Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers' Compensation and TANF.
            • A letter explaining your family's financial situation. This will allow the committee to better understand how we can best provide financial assistance to your family. Financial aid applications submitted without letters will not be processed.

All supporting documentation and letters of explanation can be uploaded in .pdf format online, faxed to 866-315-9264 or mailed to the address below. Please be sure to include the applicant ID on all faxed or mailed correspondence. Please do not send documents to St. Mary's.

FACTS Grant & Aid Assessment
P.O. Box 82524
Lincoln, NE 68501-2524

If you have questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 866-441-4637.

Scholarships

The scholarship application form for eighth-grade applicants will be available online in late November 2017. Please contact the Office of Admissions at 503-721-7725 with questions.

Current Families

Tuition for the 2016-17 school year is $13,750 plus a $300 academic fee totaling $14,050. The estimated annual increase is from 3-6 percent. St. Mary's offers five tuition payment options to help meet the needs of its families.

The actual cost per student of a St. Mary's Academy education this year will be $18,350. St. Mary's is committed to seeking additional revenue sources to make up the difference between the actual cost for education and the tuition and fees that are billed to every family. We do this through fundraising efforts which include our annual giving campaign, Phonathon, auction, Food for Thought luncheon, student fundraiser and grant writing. This assures that tuition can remain affordable for all families who seek a St. Mary's Academy education.

Fees
    • $65 nonrefundable application fee due at time of application submission
    • $250 enrollment fee due with the Confirmation of Attendance form

In addition to these costs, textbooks, retreats, and participation in sports and activities are separate.

HOW TO APPLY FOR FINANCIAL AID

Returning Student Financial Aid Application

Families applying for financial aid will need to complete an application and submit the necessary supporting documentation to FACTS Grant & Aid Assessment by April 3, 2018.

Once an application has been completed, the following supporting documents must be sent to FACTS to complete the application process:

            • Copies of your 2017 Federal tax forms including all supporting tax schedules
            • Copies of your 2017 recent W-2 forms for both you and your spouse.
            • Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers' Compensation and TANF.
            • A letter explaining your family's financial situation. This will allow the committee to better understand how we can best provide financial assistance to your family. Financial aid applications submitted without letters will not be processed.

All supporting documentation can be uploaded in .pdf format online, faxed to 866-315-9264 or mailed to the address below. Please be sure to include the applicant ID on all faxed or mailed correspondence. Please do not send documents to St. Mary's.

FACTS Grant & Aid Assessment
P.O. Box 82524
Lincoln, NE 68501-2524

If you have questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 866-441-4637.

Forms must be submitted online or postmarked by April 3, 2018 for returning students.

More Information

Tuition Payment Options

Tuition Payment Options

PLAN A - FULL PAYMENT

One tuition payment of $14,740 is due on or before August 15, 2017. (This includes the $300 academic fee.)

PLAN B - TWO EQUAL PAYMENTS

Two tuition payments of $7,400 (this includes a $60 annual finance charge and the $300 academic fee). The first payment is due on or before August 15, 2017, and the second payment is due on or before December 15, 2017.

PLAN C - TEN EQUAL PAYMENTS

Ten monthly payments of $1,489 (this includes an additional $150 annual finance charge and the $300 academic fee). The first payment is due on or before August 15, 2017 and each subsequent payment is due on or before the 15th of each month thereafter until and including May 15, 2018. These payments will be made through an electronic account payment system or a credit card.

PLAN D - ELEVEN EQUAL PAYMENTS

Eleven monthly payments of $1,355 (this includes an additional $165 annual finance charge and the $300 academic fee). The first payment is due on or before August 15, 2017 and each subsequent payment is due on or before the 15th of each month thereafter until and including June 15, 2018. These payments will be made through an electronic account payment system or a credit card.


Frequently Asked Questions

How do I indicate my payment plan option?

During the month of July all families will receive a Tuition Contract with the above options listed. The contract must be signed and returned in July. Should you choose payment Plan C or Plan D, a monthly tuition payment will be debited from your checking or savings account. Specific information about the electronic account payment system process will be mailed with the tuition contract.

If I do not wish to participate in the electronic transfer process for tuition payment, what are my other options?

Payment-in-full or semi-annual payment options are also available. These options are specified above in Plan A and Plan B. No finance charges are accrued for families who choose the payment-in-full option (Plan A).

What is the school's policy concerning tuition refund?

St. Mary's Academy does not refund prepaid tuition after February 28 of each academic year. Students who make a decision to withdraw from SMA prior to March 1 and have prepaid tuition will receive a pro-rated tuition refund per the following chart:

FIRST SEMESTER

(Annual Payment)
August — 100%
September — 90%
October — 80%
November — 70%
December — 60%
January — 50%
February — 40%
March — -0-

SECOND SEMESTER

(Semi-annual payments)
January — 80%
February — 60%
March — 0

What is the school's policy concerning registration fee refund?

St. Mary's Academy regards the payment of a registration fee as a commitment to attend St. Mary's Academy and uses this commitment when determining staffing needs. Therefore, it is the policy of St. Mary's Academy not to refund any of the registration fee for non-returning students.