Financial Info
Financial Aid
St. Thomas recognizes the challenge for parents in providing a quality Catholic education for their children. We understand the difficulty and sacrifice necessary to meet the financial burden of tuition. It is our endeavor to keep tuition as low as possible while operating the school in a fiscally responsible fashion. St. Thomas allocates a portion of its annual budget to provide grant aid for qualifying families.
All families are eligible to apply for aid. A demonstrated financial need is the first criteria. Financial need is determined by FACTS: Grant and Aid Assessment and reported to the school following your submission of the FACTS application by March 1. The Financial Aid Committee will make an evaluation and award aid by matching your ability to pay tuition with the resources available. All financial information is handled in strict confidence.
All students who apply for financial aid must be accepted and registered for the coming school year. Financial Aid packages will be available from the school in January or upon registration. Aid cannot be guaranteed from one year to the next. Families must apply annually.
Parish Subsidy
Catholic students may receive a subsidy from their local parishes. Parish information on the Enrollment Contract must be completed by parents and signed by the parish pastor to receive the subsidy. Catholic students not registered with a parish, or belonging to a non-participating parish, must pay full tuition.
Payment Options
Tuition payment is paid by using one of the following payment options. These are the only options available for payment.
Option 1: Single Payment: Due June 1. Total tuition paid by check or cash will be discounted $100 per student.
Option 2: Semi-Annual Payments: First payment is due June 1; the second is due November 1. Tuition paid by check or cash will be discounted $50 per student, $25 each payment.
Option 3: 10 Month Payment Plan:
Payments must be automatically debited from your checking or savings account. Payments begin on June 1 and conclude on March 1. Both Enrollment Contract and Direct Payment Authorization Agreement are required.
The following fees will be included with total tuition due: $10 ACT exam fee (sophomores only); ($20 PSAT testing (juniors only); $90 Advanced Placement exam fee (per course); $250 senior graduation fee (yearbook, graduation activities included)
Penalties
Payments must be received on or before the first day of the month due. Accounts will be assessed a $35 finance charge over 15 days late and $35 for each 30/day late period thereafter. Returned checks/failed automatic withdrawals are charged a penalty of $35. A student whose tuition is not paid will not be issued a class schedule, will not be allowed to take examinations, and may be excluded from class. Until outstanding tuition matters have been resolved, students will not receive grades and transcripts will not be released to another school or to colleges.
Refunds
Families who withdraw from St. Thomas may be eligible for tuition reimbursement. All refunds must be requested in writing. Reimbursement is based upon the following schedule:
Before August 1: 100% minus $200 ($500 for incoming freshmen or transfer students)
August 1 – September 30: 75%
October 1 – December 31: 50%
January 1 – February 29: 25%
After March 1: No Refund
TUITION
School Year 2007-2008:
$8,500/yr. per student
$9,700/yr. foreign exchange student
Freshman Tuition: All incoming freshman students are required to pay a non-refundable tuition deposit of $500 at the time of registration. The $500 deposit is deducted from the total annual tuition on the Enrollment Contract.