Financial Information

2022-2023 Current Tuition & Fees

Tuition and Fees
Tuition$14,275
New Student Registration Fee:$650
Annual School Fee$625

Tuition Payment Plans

All tuition payments are arranged through FACTS Management Company. After completing the OLMA New Student Registration, please click here. If you already have a FACTS account, you may add Our Lady of Mercy Academy to your existing account. You will be prompted to pay the OLMA registration fee of $650 per incoming student. All families must enroll with FACTS at the time of registration and are responsible for a FACTS administrative fee, if a quarterly or monthly plan is selected. You can expect your first tuition bill in May, to be paid on or before June 1, 2022.

Families are provided the convenience to select one of three payment plans:

Option 1: Single Payment Plan

A one-time tuition payment of $14,900 is due on June 1, 2022. This includes one payment of $14,275 for Tuition, plus a School Fee of $625. The Registration Fee of $650 is due at Registration and paid in conjunction with your FACTS enrollment. No FACTS administrative fee will be charged for a Single Payment Plan.

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Option 2: Quarterly Payment Plan

Quarterly tuition payments of four installments of $3,568.75 (25% of the total tuition). Tuition Payment Dates: June 1, 2022, September 1, 2022, December 1, 2022, and March 1, 2023. The Registration Fee of $650 is due at Registration and paid in conjunction with your FACTS enrollment. The School Fee of $625 is due on June 1, 2022, in addition to your tuition payment. An administrative fee of $50 will be charged for a Quarterly Plan at the completion of your FACTS enrollment.

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Option 3: Ten Payment Plan

Ten tuition payments of $1,427.5 (10% of the total tuition). Tuition Payment Dates: The first of the month from June 1, 2022 through March 1, 2023. The Registration Fee of $650 is due at Registration and paid in conjunction with your FACTS enrollment. The School Fee of $625 is due on June 1, 2022, in addition to your tuition payment. An administrative fee of $100 will be charged for a Ten Payment Plan at the completion of your FACTS enrollment.

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Payment Methods accepted by FACTS include Automatic Checking Account Withdrawal and Credit Card for all plans. Checks will be accepted through invoicing for Option 1 and Option 2 only. There is a convenience fee for all credit card transactions.

*Families who complete registration by January 28, 2022 will receive a one-time credit of $250 to their FACTS tuition management account.

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.

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