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 our 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 four options to pay tuition:
Full payment is due in August. This payment will be made directly to the school. It will not be necessary to fill out FACTS contract information.
Term payments are due in August, November, and February. A term payment fee applies to families choosing this option. [Register for FACTS]
Ten monthly payments starting in August and ending in May. Payments can be made on the 5th or 20th of the month. A term payment fee, set by FACTS, applies to families choosing this option. [Register for FACTS]
Twelve monthly payments starting in August and ending in July. Payments can be made on the 5th or 20th of the month. A term payment fee, set by FACTS, applies to families choosing this option. [Register for FACTS] (NOT recommended for seniors).
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.
2021 – 2022 Tuition and Fees