Payment in Full — Tuition is due in full by June 1 before the start of the next school year.
Quarterly Payments — Tuition is paid in four quarterly installments (payments made in June, September, December and March).
Monthly Payments — Tuition is paid in monthly installments. In order to have 12 monthly payments, payments must start in in June before the start of the new school year and continue on a monthly basis through May of the next year. All plans must be completed (paid in full) by May. Payments are due on the 5th or 20th of each month as per the FACTS agreement.
Does every MPA family submit financial forms?
All families are invited to submit financial information to determine the tuition level for which they are eligible. For families who elect not to submit financial forms, tuition will automatically be set at the top of the index for each student’s grade level.
What kind of economic situation is typical for families paying tuition below the top of the index?
Family circumstances range widely. While some families can afford only minimal tuition, others can afford to pay around the midpoint or almost at the top of the tuition index. In calculating each family’s ability to pay, FACTS considers various income sources and expenses.
When will we find out the tuition determination for our family?
It depends on when you apply via FACTS and how soon that information is verified by FACTS. As soon as the information is verified (usually 2 weeks from date of submission of materials), your indexed tuition will be calculated and enrollment contracts will be sent. For currently enrolled families who do not apply to FACTS, tuition levels will be indicated on students’ re-enrollment contracts, which will be available at the beginning of January.
Priority consideration for tuition below the highest level is given to currently enrolled students whose families are eligible. Unfortunately, in a particular school year, the number of students whose families are eligible may exceed the school’s indexed tuition budget. Once the indexed tuition budget is gone for the year, no additional aid will be awarded.
For students newly accepted to MPA, tuition levels will be indicated on the enrollment agreements enclosed with admission decision letters.
Is indexed tuition available for all eligible students?
Unfortunately, no. Priority consideration is given to currently enrolled families and, in a given school year, the number of students whose families are eligible may exceed the school’s indexed tuition budget. While MPA strives to make indexed tuition available to a high percentage of accepted students whose families are eligible, in a given year the school cannot guarantee that resources will be adequate. Applying for indexed tuition early is important.
Might our submission of indexed tuition materials hurt my child’s likelihood of being accepted?
Determination of tuition levels is a separate function from the admission process. Families should not hesitate to ask to be considered for tuition below the highest level because they are concerned that it might impact their child’s application.
Does indexed tuition continue throughout a student’s years at MPA?
If family circumstances remain the same and the school’s resources can continue to support indexed tuition to the same extent. The school intends for a family to pay an indexed tuition throughout the child’s years at MPA. It should be noted, however, that families must resubmit verified financial information each year.
When will we know what the tuition is for an upcoming school year?
Tuition ranges and payment dates are established each winter. For currently enrolled families, this information will be included in the re-enrollment communication at the beginning of January if not before. For new applicant families, it is conveyed with the acceptance letters mailed after you apply. Parents should be aware that there could be some increase in tuition each year. Information on available payment plans is also included in the January communication.
If we have questions regarding indexed tuition, whom should we contact?
Please direct questions about indexed tuition to controller Julie Cuadros-Perry at (773) 881-6700 ext. 230 or email@example.com.