Learn, Lead, and Serve in the Spirit of Mary's Magnificat

Tuition & Scholarships

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 have provided over $2 million in tuition assistance to our students this year. 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, allows 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—an investment that lasts a lifetime.


2016/2017 Tuition: $14,200

Magnificat offers two methods for payment of tuition: 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 1st. A $100 discount is available for payments by cash or check. The SMART Tuition Plan allows you to choose one of the following payment plans:

Monthly—10 payments due each month July through April
Quarterly—4 payments due July, October, January, April
Semi-annual—2 payments due July and January

All forms and applications should be returned to Magnificat High School.

Questions regarding Magnificat High School Tuition, Financial Aid and Scholarships for the Class of 2021 should be directed to Mrs. Susan Reighard, Director of Student Accounts, sreighard@maghs.org or 440.331.1572, ext. 225.

For more details on the Magnificat High School financial policy, click here.

Tuition Assistance

Applying for Need-Based Aid

All students wishing to apply for tuition assistance for the 2017-2018 school year must complete a FACTS Grant & Aid Assessment application. The following link may be used to apply online directly to FACTS. If needed, paper copies of the FACTS application may be requested from the Finance Office. The FACTS application deadline for all current students, transfer students and incoming freshmen (who have not already completed an early application) is March 15, 2017.

Please note that families who applied early to FACTS for an 8th grade sibling must update their existing FACTS application with 2016 tax year data in order to be considered for assistance for their current Magnificat student.

Qualifying for Assistance

Families should not hesitate to apply for need-based 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).

Families requesting financial aid and applying for scholarships must fill out a FACTS Grant & Aid Assessment application each year. FACTS is an independent organization that evaluates a family's ability to pay tuition. The analysis is then sent to Magnificat. The amount of assistance is determined by the school, and is based on family need and available resources.

Please refer to the Scholarship tab on our website for information about the many scholarship opportunities available to prospective students. In order to qualify, students must take the Magnificat High School Scholarship/Placement Exam in Fall 2016 and complete separate applications for the respective scholarships.

Affordability

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 have provided over $2 million in tuition assistance to our students this year. 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, allows 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—an investment that lasts a lifetime.

FACTS Application

Please note that families who applied early to FACTS for an 8th grade sibling must update their existing FACTS application with 2016 tax year data in order to be considered for assistance for their current Magnificat student.

Click here for the FACTS application.
Click here for the instructions for FACTS application.

Please contact the FACTS Grant & Aid Helpline if you have any questions or problems completing the form. Customer Support is available 24/7.

FACTS Management | Grant & Aid Assessment
866.441.4637
www.factsmgt.com/grant-and-aid

Scholarships

Academic Scholarship

Magnificat offers merit-based scholarships. Students can qualify to apply and interview for these scholarships simply by taking the Magnificat High School Placement Exam, or submitting HSPT scores to us by November 8, 2016. Students with the highest scores on the exam have the opportunity to apply and interview for scholarships. Academic scholarships are annually renewable.

Magnificat Alumnae Scholarship

The Magnificat Alumnae Scholarship will be awarded to a daughter and/or granddaughter of a Magnificat alumna on the basis of merit, service and leadership. The scholarship is $2,500 per year and will automatically renew each year, provided the recipient maintains a 3.5 GPA and remains in good disciplinary standing. To be considered for this scholarship, the Magnificat Alumnae Scholarship application, copies of 7th and 8th grade report cards, and a letter of recommendation from an adult who is not a family member, must be received by November 8, 2016. The recipient of this scholarship will be notified in writing by the end of December 2016.

Click here for the Magnificat Alumnae Scholarship Application.

Marian Scholarship

Magnificat also offers twenty Marian Scholarships for current eighth grade students entering the Class of 2021. Each of the recipients, who represent the most qualified prospective incoming freshmen who are living their Catholic faith, will receive a $2,500 award.

Specific requirements for Marian Scholarship consideration include:

• Student must be Catholic
• Student must have taken the Magnificat Placement Exam
• Student must complete Marian Scholarship Application (due November 8, 2016)
• Student must have maintained a 3.0 or higher GPA in 7th and 8th grade
• Student must have demonstrated service and leadership activities within her school, parish or community
• Student must have recommendation from a 7th or 8th grade teacher (form included in application)

Click here for a Marian Scholarship Application.

Named Endowed Scholarship

For this current school year, there are 154 endowments which are funding 273 scholarships. Scholarships are awarded on a number of criteria, including financial need, academic excellence, and participation in service and leadership activities. Applicants must complete a FACTS Grant & Aid Assessment application (due November 8, 2016) and a separate Named Endowed Scholarship Application (due November 8, 2016).

Click here for a copy of the 2016 Named Endowed Scholarship Application.
Click here to view the 2016 Named Endowed Scholarship Listing.

Cleveland Scholarship Program

Cleveland Scholarship Program
Magnificat High School is a school provider for the Cleveland Scholarship Program. All students who reside in Cleveland are eligible to apply. The CSP is funded by the Ohio Department of Education, and scholarship recipients receive $5,700 a year in tuition assistance for the high school of their choice. Applications for the 2017-2018 school year will be available in February 2017. For more information, go to the Ohio Department of Education website.