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
For more details on 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 have provided nearly $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.
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 Private School Aid Service (PSAS) application each year. PSAS 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 2014 and complete separate applications for the respective scholarships.
Applying for Aid - Prospective Students
Prospective students wishing to apply for tuition assistance for the 2015-2016 school year, must complete a Private School Aid Service Application. The following links may be used to either print the application or to apply online directly to PSAS. Paper copies of the PSAS application may also be requested from the Admissions Office. Completed applications, along with all supporting documents, must be sent to Private School Aid Service by March 2, 2015. Families that apply will receive notification of financial assistance in May 2015.
Private School Aid Service
P.O. Box 89434
Cleveland, OH 44101-6434
Applying for Aid – Current Students
Applications for tuition assistance for the 2015-2016 school year are now available to current students through the following links on our website. Applications are also posted in the Finance folder on Edline and paper copies are available in the Magnificat Finance Office. Completed applications, along with all supporting documents, must be sent to Private School Aid Service by March 2, 2015. Families that apply will receive notification of financial assistance in May 2015.
Please note that families that applied early for an 8th grade sibling with 2013 tax information must re-apply with 2014 tax information in order to be considered for financial assistance for their current Magnificat student.
This form is a state of the art interactive PDF. You must DOWNLOAD this PDF and save it to your computer before filling it out. To properly complete the form and ensure the information is recorded correctly, you must open it within Adobe Reader or Adobe Acrobat (get.adobe.com/reader). DO NOT “view” the PDF and attempt to complete it in your browser. This will result in an unusable PDF and/or improperly recorded information. Print and mail the completed form with your income documents and application fee to the following address:
Private School Aid Service | PO Box 89434 | Cleveland OH 44101-6434
Note: You can select which pages to print under the “Print Range” section and preview every page under the “Preview: Composite” section by moving the sliding bar beneath the image. If you have any problems printing the file, please follow the steps below:
- Click on the file
- Select Print
- At the bottom of the print window there is an option called “Print What”
- Change this option from “Document” to “Document and Comments”
- You should see the change in the small print preview screen
- The PDF should print correctly
Please contact our Account Representative at Private School Aid Service if you have any questions or problems completing the form:
Misael Mayorga Jr. | Account Representative
Private School Aid Service
440-892-4272 ext 390