Financial Information

2023-2024 Registration Process

Registration Step One

Register for OLMA’s Class of 2027 in OLMA’s My School App Portal. Be sure to save your login information.Please visit OLMA.org/2027 to begin the process.

Registration Step Two

Create or Login to a FACTS Tuition Management Account. Select your tuition payment plan, and pay the registration fee to secure your daughter’s seat at OLMA.

2023-2024 Tuition & Fees

The Board of Directors of Our Lady of Mercy Academy approved the 2023-2024 tuition and fees in December 2022 as follows:

Tuition and Fees
Tuition$15,275
Incoming Student Registration Fee – Incoming 9th grade only, due January 2023$650
Upperclassmen Re-Registration Fee – Rising 10th, 11th and 12th grades only$250
Annual School Fee$625
Athletic Participation Fee
(only students selected to be on an athletic team)
$250

Tuition Payment Plans

All tuition payments are processed by FACTS Tuition Management (“FACTS”). All families must open a FACTS account at the time of registration and elect a Tuition Payment Plan.

Tuition is due on June 1st and the first tuition bills are sent in Mid-May.

Please see the Tuition Payment Plans on reverse:

Option 1: Single Payment Plan

A one-time tuition payment is due on June 1, 2023. FACTS does not charge and administrative fee for a Single Payment Plan.

One Payment due June 1, 2023 – $15,275.00

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Option 2: Quarterly Payment Plan

Quarterly tuition payments of four installments of 25% each of the total tuition. FACTS charges a one-time administrative fee of $50 for a Quarterly Payment Plan. The payments are due as follows:

Quarterly Payment due June 1, 2023 – $3,818.75
Quarterly Payment due September 1, 2023 – $3,818.75
Quarterly Payment due December 1, 2023 – $3,818.75
Quarterly Payment due March 1, 2024 – $3,818.75

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Option 3: Ten Payment Plan

Ten monthly tuition payments of 1/10th of the total tuition. FACTS charges a one-time administrative fee of $100 for a Ten-Month Payment Plan.

The 10 monthly payments are due as follows:

Monthly Payment due June 1, 2023- $1,527.50
Monthly Payment due July 1, 2023 – $1,527.50
Monthly Payment due August 1, 2023 – $1,527.50
Monthly Payment due September 1, 2023 – $1,527.50
Monthly Payment due October 1, 2023 – $1,527.50
Monthly Payment due November 1, 2023 – $1,527.50
Monthly Payment due December 1, 2023 – $1,527.50
Monthly Payment due January 1, 2024 – $1,527.50
Monthly Payment due February 1, 2024 – $1,527.50
Monthly Payment due March 1, 2024 – $1,527.50

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2023-2024 Fees

The Registration Fee is due when families register and open a FACTS account. The Annual School Fee is due on June 1st. All fees are non-refundable. Athletic Participation Fees are billed when the team’s roster is finalized.

Scholarships

Our Lady of Mercy Academy annually awards a number of academic scholarships to qualified incoming freshmen based on their performance on the Test for Admission into Catholic High School (TACHS). Students who meet the scholarship criteria received notification in their acceptance letter. Scholarships are awarded at the end of each academic year and require that the student remains in good academic standing.

Named Awards

Students who applied for the MJ Lorello Mustang, Joan C. Echausse, and Alumnae Awards received notification in their acceptance letter.

Financial Aid

A limited amount of financial aid is available to families that qualify. Our Lady of Mercy Academy uses FACTS Tuition Management to process financial aid and determine needs. The FACTS portal is open for applications for the 2022-2023 school year, and available via FACTS. Students who qualified for financial aid (completed and verified by FACTS) received notification in their acceptance letter.

Intent to Apply for Financial Aid

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