Information about tuition, tuition refund insurance and tuition payment schedules may be obtained from the Business Office (901/537-1430) or the Admission Office (901/537-1405).
Financial Aid is available through St. Mary's and is based on demonstrated need as determined by the School and Student Service for Financial Aid (SSS) of Princeton, New Jersey. Applicants who are interested in financial aid must submit a Parents' Financial Statement to SSS and a current Federal Tax Form 1040 to St. Mary's. Financial Aid is funded from interest income from the School's endowment and from restricted contributions. A Financial Aid packet containing information and forms may be requested from the Admission Office.
For re-enrolling students, the Enrollment Contract with the non-refundable Enrollment Deposit of $600 must be received by January 31. For new students, the Enrollment Contract with the non-refundable Enrollment Deposit must be received by the date stated in the letter of acceptance accompanying the contract. After those dates, a place in the class can no longer be assured.
After the non-refundable deposit is remitted with the signed
re-enrollment contract, or the non-refundable deposit and one-time new family
enrollment fee are remitted with the signed enrollment contract, the following
payment plans are offered:
One Payment Plan – After payment of the deposit, 100%
of the remaining tuition and fees may be paid anytime before June 15, 2011.
Two Payment Plan – After payment of the deposit, 70% of
the remaining tuition is due June 15, and the final 30% is due on November 15.
Ten Payment Plan – Total tuition is paid in 10 equal
monthly installments by direct bank withdrawal from your checking or savings
account, beginning June 5 and ending March 5. An origination fee of 5% is added
to the amount of tuition financed, and the Tuition Refund Plan is required.
Books and Fees
All new families must pay a $150 New Family Enrollment Fee with their contract and enrollment deposit. Additionally, all students are billed the Technology and Facility Fee ($300 for PK, $450 for JK and SK, and $625 for Grades 1-12), and 12th graders must pay a $275 Graduation Fee. For grades 5 - 12, textbooks are purchased separately on Book Sale Day in August prior to the opening of school. Charges for field trips, Class Day costumes, P. E. uniforms for Middle and Upper School, etc. will vary with the grade and student. Out-of-town class trips for grades 5 - 8 are curriculum requirements and have varying costs.
A catered lunch program can be purchased, or students may simply bring their own lunch. There is a mandatory snack fee for all kindergartens and grades 1 and 2. Lunch and snack programs are purchased in August, at Parent Orientation.
Tuition Refund Plan
As enrollment contracts are financially binding for the entire academic year, a Tuition Refund Plan is offered and strongly urged to insure against your tuition loss in the event that a student must withdraw from school during the course of the school year. All new students and Financial Aid recipients are required to subscribe to the Tuition Refund Plan. The cost is 1.2% of the tuition and will appear on your June bill.
For additional Information, please contact the Office of Admission.