Each year, St. Mary's Academy offers ten (10) $1,000 merit-based scholarships to incoming ninth graders. Five scholarships commend dedication to leadership and service and five acknowledge academic achievement. Students must qualify to apply for the academic scholarship by placing in the 90th percentile nationally on the HSPT. These scholarships are non-renewable and will be applied toward freshman year tuition.
St. Mary's also offers renewable endowed scholarships. Each scholarship has its own eligibility criteria and selection process. All applicants for endowed scholarship must demonstrate a need for financial assistance to attend St. Mary's.
- Scholarship opportunities for the Class of 2018 will be posted in December 2013.
- Applications are due to the Office of Admissions by January 31, 2014.
- Notification of Scholarship Awards will be mailed with admission decision letters on March 14, 2014.
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 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
Freshman applicants: The Freshman Student Aid Application Form will be posted in Fall 2014. This form is to be filled out by applicants for the Class of 2018. Completed forms should be mailed directly to the processing center in Ohio and must be postmarked by January 17, 2014.
Transfer applicants and returning students: TheTransfer and Returning Student Aid Application Form will be posted in Winter 2014. This form is to be filled out by transfer applicant and returning student families for the 2014-2015 school year. Completed forms should be mailed directly to the processing center in Ohio and must be postmarked by April 1, 2014.
To complete the forms, you will need the family's most recent tax return and W-2 information. If this information does not reflect your financial position for the following year, please submit adjusted information and a written explanation. Once completed, mail it to PSAS, along with the processing fee.
Please do not send Financial Aid applications to St. Mary’s.
Completed forms should be mailed to:
Applications can be completed online and will be available in Fall 2014.
PRIVATE SCHOOL AID SERVICE
P.O. BOX 89434
CLEVELAND, OHIO 44101-6434
Questions call: (440) 892-4272
The most important step to ensure you are considered for financial aid is to have your forms postmarked by the following dates:
Entering ninth grade: January 17, 2014
All others: April 1, 2014
Forms received after the deadline will not be considered in the first round of financial aid decisions. If funds remain after the first round, late applications will be reviewed.
- January 17, 2014
Financial aid applications for ninth grade students must be postmarked by this date.
- March 14, 2014
Financial aid decisions for ninth graders are mailed on this day.
- April 1, 2014
Financial aid forms for students grades 10 through 12 must be postmarked by this date.
Questions regarding the PSAS Financial Aid Application forms or the financial aid program can be answered by St. Mary's Finance Office.