Financial Information

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.

This tuition and payment schedule is to be retained for your records. You will be billed by the Business Office for the June and November tuition payments and other charges appropriate to your daughter's grade level.

The first tuition payment is due by June 15 and the second by November 15. Payments not made by these dates will be assessed a late charge of 1%. Delinquencies of more than 30 days may result in the student not being admitted to the school. A $25 fee will be charged for returned checks.

Available to St. Mary's families is the Achiever Loan®. This is a personal, unsecured loan, designed to finance educational expenses, using a monthly payment plan, through Key Education Resources. Families may apply online for the Key Achiever Loan and receive an instant credit decision at www.key.com/achieverloan. Upon approval and once Key receives a signed promissory note, Key can remit 100% of the loan proceeds electronically or by check to the St. Mary's Business Office.

Books and Fees

All new students must pay a $150 New Student Matriculation Fee with their contract and enrollment deposit. Additionally, all students are billed the Consolidated Fee ($250 for all Kindergarteners and $300 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.

Food Services

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 1.05% of the tuition and will appear on your June bill.

For additional Information, please contact the Office of Admission.

Click the links to view the tuition schedules for the 2007-2008 and 2006-2007 school years.