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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. A term payment fee applies to families choosing this option. You may register for FACTS by using the following link: FACT PAYMENT PLAN
  3. Ten monthly payments starting in July and ending in April. 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. You may register for FACTS by using the following link: FACT PAYMENT PLAN
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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.. 

2014 - 2015 Tuition and Fees

A non-refundable registration fee of $100 is due in May 1, 2014 for grades 10-12.  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 15, 2014

Base Tuition $8175.00
Technology Fee 200.00
iPad Insurance 65.00
Fundraiser 250.00
Total $8690.00
  • The base tuition of $8,175.00 is for all students who are members of an Erie Catholic Diocesan 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 $100.00 registration fee (if already paid)
  • Subtract continuum discount for Mercyhurst Prep and Mercyhurst College employees (not eligible for other financial aid or scholarships).

3 Term Payments or
10 Monthly Payments

Base Tuition $8175.00
Technology Fee 200.00
iPad Insurance 65.00
Fundraiser 250.00
FACTS Payment Plan 75.00
Total $8765.00
  •  The base tuition of $8,175.00 is for all students who 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 $100.00 registration fee (if paid)
  • Subtract continuum discount for Mercyhurst Prep and Mercyhurst College employees (not eligible for other financial aid or scholarships).

TUITION POLICIES | FINANCIAL AID | FACTS PAYMENTS | SCHOLARSHIPS | FINANCIAL AID DOWNLOADS

 

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