Tuition Reduction Grants and Scholarships for the Class of 2012
Affordability
Magnificat is dedicated to serve a student body that is economically and socially diverse. Recognizing the financial commitment necessary for a Magnificat education, the school has provided over $3.2 million in tuition assistance over the last four years. As a result of the efforts of the Alumnae Association, the Endowment Fund, the Fathers' Club, the Mothers' Club, and the Sisters of the Humility of Mary, financial aid grants and scholarships are available. The scholarships include over 175 Named Endowed Scholarships. This assistance is awarded according to a family's financial need with consideration given to academic potential. Any student planning to attend Magnificat High School can be considered for tuition assistance.
Qualifying for Assistance
Families should not hesitate to apply for assistance. All applications are evaluated with attention given to a variety of factors, including family assets and family size. Additional consideration is given to families with a number of children at tuition-charging institutions (including day care as well as elementary and high schools and colleges). The following are examples of who can qualify:
Family #1
- Western Suburb
- Two Parents
- Four Children
- Income $75,000
- Paying two elementary school tuitions and one student at Magnificat
Amount of Assistance
$3000
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Family #2
- City of Cleveland
- Single Parent
- Two Children
- Income $30,000
- Paying one tuition at Magnificat
Amount of Assistance
$5000
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Family #3
- Eastern Suburb
- Two Parents
- Six Children
- Income $50,000
- Paying elementary tuition, college tuition and two Magnificat tuitions
Amount of Assistance
$7700 ($3850 per student)
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Families requesting financial aid and scholarships must fill out a Private School Aid Service (PSAS) application. PSAS, an independent organization, analyzes a family's ability to pay. The analysis is then sent to Magnificat. The amount of assistance is determined by the school based on family need and available resources. In addition to filling out the PSAS form the student must take the Magnificat High School Scholarship/Placement Test in November. To help families plan, Magnificat offers parents an estimate of financial aid and scholarships in January.
Application must be made each year. For printable versions of the PSAS form and the school code list
click the links below.
PSAS Form
Parish / School Code List
For parents of eighth graders only:
| Application available in Admissions Office |
October 15 |
| Application Deadline |
November 23 |
| Notification of grant/scholarship estimate |
Before January 7th |
Return application to Private School Aid Service,
P.O. Box 770728, Lakewood, Ohio 44107. |
Questions regarding Tuition, Financial Aid and Scholarships for the Class of 2012 should be directed to Mrs. Terry Carney, Director of Admission, 440.331.1572.
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