SMS Admission - financial planning and payment options - educational financial resources and aid

Plans and Resources

For your convenience, St. Margaret's offers several payment options.

Option I

Families opt to pay tuition and reservation fee in full by July 1

Option II

Families have the choice to pay 70 percent of the tuition and reservation fee by July 1. The remaining 30 percent is due on January 15 of the following year.

Option III

Families can extend the payments over an eight-month period, beginning in July and ending in February of the following year.

Resources

You may have more resources available to help fund your daughter's education than you realize. St. Margaret's parents often are able to supplement their personal contribution to tuition with funds from:

Grandparents or other family members

Home equity in the form of a loan, loan refinancing or second mortgage

Scholarships from local churches and civic organizations

Retirement plan or insurance policy loans

Liquidation of personal investments, such as real estate

Their daughter's summer earnings

prepGATE -- low-interest loans with online applications

Chela Financial - everything from loans to information on scholarship programs

You also should consider taking advantage of any college funds that you may have started for your daughter. Parents often find that an investment now reaps dividends later in the form of merit-based college scholarships--support that may not have been possible without their earlier commitment to secondary education.