Mercyhurst Prep
Tuition Policies
Each year the Board of Trustees
works with the school to develop a balanced budget. They consider
the financial concerns of our families and the rising costs of operating
today's schools. Their efforts allow us to offer the best
possible educational programs at a cost considerably less than the cost of
education in the public sector while providing just salaries for out
faculty and staff. The task is not an easy one; yet we have always
been able to set priorities and find ways to achieve our common goals.
When making comparisons among tuition based schools, be sure to add into
account all costs. Be aware that Mercyhurst Prep does NOT charge
additional fees for student participation in athletics, for art classes,
for notebook computers and their maintenance, etc
MPS has contracted with FACTS Management
Company to help us better plan how to use our
financial resources and manage our tuition
collection program. FACTS serves over 1800
schools nationally and is used by nearly
200,000 families. Families can choose one of
three options to pay tuition:
1. Full payment is due in July. This payment
will be made directly to the school. It will not
be necessary to fill out FACTS contract
information.
2. Term payments are due in July, October,
and January. The FACTS contract must be
completed and returned to Mercyhurst Prep by
June 1. A term payment fee applies to families
choosing this option.
3. Ten monthly payments starting in July and
ending in April. Payments can be made on the
5th or 20th of the month. The FACTS contract
must be completed and returned to Mercyhurst
Prep by June 1. A term payment fee, set by
FACTS, applies to families choosing this option.
FACTS payments can be made through
checking or savings accounts or charged to
your Mastercard. We believe that this service is
an asset to our school and our families. Be
assured that neither FACTS nor MPS has direct
access to or any knowledge about the status of
your bank account. Your bank makes the
payment for you directly to FACTS on the day
authorized by you..
2007 - 2008 Tuition and Fees
A non-refundable registration fee of $100 is due
in April of each year for grades 9-12. The registration fee is part
of the tuition and should be deducted from the tuition total. There
are two types of payment plans available:
Full Payment due July 16, 2007
| Base Tuition |
$5,970.00 |
| Technology Fee |
$150.00 |
| Fundraiser |
$250.00 |
| Total |
$6370.00 |
-
* The base tuition of $5,970.00
is for all students that are members of an Erie Catholic parish;
non-parishioners must add $200.
-
All students are required to
participate in the annual fundraising program by selling their quota of
$250.00 per family. The fundraiser is billed on the tuition contract.
-
Seniors only must add a
$100.00 graduation fee.
-
Subtract
any financial aid/scholarship aid awarded.
-
Subtract continuum discount
for Mercyhurst Prep and Mercyhurst College employees.
Mercyhurst Prep uses FACTS Tuition Management to handle our payment plans. If you pay your tuition through FACTS, you can check on the status of your account, the schedule of payments still to be made, a listing of those payments already made, and a complete listing of all activity through My FACTS Account.
Click here to review your account: www.factstuition.com
NOTE: In order to access My FACTS Account, you will need the information on the confirmation letter, which FACTS sent to you when your account was established.
If you would like more information about the company, feel free to visit their Web site at www.factsmgt.com. FACTS is the largest service provider in the industry serving schools in all 50 states. They have been in business since 1986 and specialize in working with schools like ours.
www.factsmgt.com * 800-624-7092 * info@factsmgt.com
If you would like to setup your payment plan using FACTS, you can do so by accessing the link below. The Institution ID is 89740 and the PIN is 16504.
3 Term Payments or
10 Monthly Payments
| Base Tuition |
$5,970.00 |
| Technology Fee |
$150.00 |
| Fundraiser |
$250.00 |
| Term Payments Financing Fee |
$75.00 |
| Total |
$6445.00 |
The base tuition of
$5,970.00
is for all students that are members of an Erie Catholic parish;
non-parishioners must add $200.
-
All students are required to
participate in the annual fundraising program by selling their quota of
$250.00 per family. The fundraiser is billed on the tuition contract.
-
Seniors only must add a $100.00
graduation fee.
-
Subtract
any financial aid/scholarship aid awarded.
-
Subtract continuum discount for
Mercyhurst Prep and Mercyhurst College employees.
