Tuition is payable in two ways at Magnificat: Payment in advance or enrollment in the SMART Tuition Plan. For payment in advance, tuition is billed in June and full payment is due on or before July 1. A $100 discount is available for payments by cash or check. The SMART Tuition Plan allows you to choose a monthly (10 payments due each month July through April), quarterly (4 payments due July, October, January, April), or semi-annual payment plan (2 payments due July and January).
For more details of the Magnificat High School financial policy, click here.
Magnificat is dedicated to serve a student body that is economically and socially diverse. We recognize the financial commitment necessary for a Magnificat education and over the last four years have provided nearly $4 million in tuition assistance to our students. The primary source of tuition assistance and scholarships comes from the Magnificat Endowment Fund. Income from the fund, along with gifts from alumnae, private donors and several foundations allow us to make a Magnificat education affordable for everyone. We are committed to helping interested and dedicated students so that they may experience what Magnificat can be for them – the investment that lasts a lifetime.
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).
Click here for the 2014/2015 PSAS financial aid application.Families requesting financial aid and applying for 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 and fill out a separate scholarship application. To help families plan accordingly, Magnificat offers parents an estimate of financial aid and scholarships in January.