Scholarships and Tuition Assistance
Mount St. Mary Academy is committed to working with families to make our educational program available to a variety of young women who desire to attend. All families must carefully consider the best means of funding their daughter’s education. Tuition assistance covers only a portion of tuition. Families will be responsible for remaining tuition costs and all fees.
For the sake of the family’s security and peace of mind, and the financial stability of Mount St. Mary Academy, we encourage parents or legal guardians to contact the Finance Office as soon as possible when they are experiencing economic difficulties. We will strive to make arrangements with families on an individual basis and in a way that respects the concern and commitment of all families for the education and faith formation of their daughters.
Financial Aid Resources
— Central Deanery High School Tuition Aid Fund
— Mount St. Mary Academy Tuition Grant Program
— Mount St. Mary Academy Work Study Program
— McAuley Achievement Scholarship Awards
— General and/or Named Scholarship Program
Central Deanery High School Tuition Aid Fund
— This program is funded and administered solely by the Catholic Diocese of Little Rock and administered by a local clergyman, appointed by the Bishop.
— Eligibility – Parishes that contribute to this program
— Contact – Local parish office for application; FACTS Grant & Aid Assessment application form is also required.
Mount St. Mary Academy Tuition Grant Program
— This program is funded by Mount St. Mary Foundation and administered solely by Mount St. Mary Academy. This program is based solely on demonstrated financial need.
— Eligibility – Families of students with demonstrated financial need
— Contact – FACTS Grant & Aid Assessment application form is required. No other Student/Parent action is necessary.
Mount St. Mary Academy Work Study Program
— This program is funded and administered solely by Mount St. Mary Academy and is designed to assist families with additional assistance to defray tuition costs.
— Eligibility – Students with demonstrated financial need
— Contact –FACTS Grant & Aid Assessment application form is required. No other action is necessary.
McAuley Achievement Scholarship Awards
— These awards are funded through the McAuley Achievement Award Fund, an endowed fund held by the Mount St. Mary Foundation. The criteria for consideration includes academic achievement, commitment to the total educational program at Mount St. Mary Academy, and a genuine dedication to all Mercy Values. Applicants must submit an application and be available to sit for a timed written essay in order to be considered for an award. Awards are announced in May and applied towards the following year’s tuition balance.
— Eligibility – Enrolled juniors, sophomores and freshmen students
— Contact – Application process is announced by the President’s office during the school year.
General and/or Named Scholarship Program
— This program is funded through designated annual gifts to Mount St. Mary Foundation and endowed scholarships funds established to honor and/or remember specific individuals. Scholarship criteria may be based upon merit and/or financial need and is specified by the donor.
— Eligibility – Student eligibility criteria is determined by donor.
— Contact – FACTS Grant & Aid Assessment application form is required for any endowed scholarship based upon financial need.
— A limited amount of tuition assistance is available from Mount St. Mary Foundation.
— Requests for tuition assistance must be made prior to April 20, 2015, by completing a FACTS Grant & Aid Assessment application form.
— The forms may be completed online at www.factstuitionaid.com, or paper applications, in both English and Spanish, are available in the MSM Finance Office.
— Eligible Catholic families seeking aid from Mount St. Mary Foundation are required to apply for additional assistance from the Central Deanery High School Tuition Aid Fund through their local parish. Central Deanery Application
— In order to be considered for the Central Deanery Fund, families must first complete the FACTS Grant & Aid Assessment application form for Mount St. Mary Academy.
FACTS Grant & Aid Assessment
Mount St. Mary Academy makes use of FACTS Grant & Aid Assessment to help us evaluate requests for financial aid.
FACTS works with nearly 5,000 educational institutions and over a million families each year, helping them achieve their goals. They have been in business since 1986 and specialize in working with schools
Grant & Aid Assessment
— Apply online or on paper
— Call center for application assistance (Spanish speaking reps available)
— All children listed on one application
— Apply for aid at multiple schools with one application
— Process is quick and easy
— Safe, secure, compliant
How FACTS Grant & Aid Assessment Works
FACTS Grant & Aid Assessment uses key personal and financial information to evaluate your need for financial aid. By completing an application, you will provide the necessary information to help your school administrators make an informed decision about awarding tuition aid.
The first step of the process is to complete the online or paper application as accurately as possible. You will then need to submit your Federal income tax return, W-2 forms, and supporting documentation for non-taxable income.
FACTS Grant & Aid Assessment will then make a recommendation to the educational institution on how much financial assistance is needed by each family that has applied. The final decision on how much financial aid to be given to each family will rest with the educational institution.
How Assistance is Calculated
Arkansas Activities Association Tuition and Financial Aid Procedures
— If tuition is charged, it must be paid by parent, legal guardian, or other family member. If a parent, guardian, or other family member secures a loan for payment of tuition, it must remain an obligation of the parents, guardian, or other family member to repay the principal and interest in full with no exceptions. Financial aid will be allowed under the following conditions:
— Financial aid may only be awarded on the basis of need.
— Any loan program, grant program, educational foundation, scholarship, or similar program that is established and/or administered, in whole or in part, by a school or official of a school is considered financial aid.
— Schools shall remove any student from athletic eligibility whose accounts with the school are 60 days overdue.