Tuition, Fees and Financial Aid

Tuition

Tuition for the 2014-15 school year is $12,500 plus a $250 academic fee totaling $12,750. 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 $16,763. 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, Phon-a-thon, 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

  • $50 nonrefundable application fee due at time of application submission
  • $250 enrollment fee due with the Confirmation of Attendance form

In addition, students purchase new or used books for their classes. At year's end, students may be able to sell back their books in good condition to the school's online bookstore.

 

Tuition and Fees: 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
SECOND SEMESTER

(Annual Payment)

August — 100%

September — 90%

October — 80%

November — 70%

December — 60%

January — 50%

February — 40%

March — -0-

(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.

 

Financial Aid

Returning Student Aid Form: Click here for Upperclass Aid Form.
Click here for the 2015-2016 Freshman Student Aid Form.
Click here for instructions on how to complete the 2014-2015 Student Aid Form online. 

Please do not send completed Financial Aid applications to St. Mary’s. Completed forms should be mailed to:

PRIVATE SCHOOL AID SERVICE
P.O. BOX 89434
CLEVELAND, OHIO 44101-6434
Questions call: (440) 892-4272

*Forms must be postmarked by April 1, 2014 for returning students.

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