Cheverus -- Admissions -- Tuition & Financial Aid

Pay the full tuition payment of $11,710 and return enrollment contract by December 31, 2007 and receive an additional $300 discount above our Plan I & II $250 discount.

*Both payment and enrollment contract must be received in the Treasurer's Office by December 31, 2007 in order to qualify for this discount.

Cheverus currently offers four plans for tuition payment:

Plan 1:	Pay the actual cost of educating a student at Cheverus High School by May 23, 2008: Total: $16,315 ($12,010 ($12,260 less $250 discount) will be applied to tuition and the balance of $4,305 as a tax deductible contribution) no returning student will receive this discount if payment is not received by the due date stated).

Plan 2:	Pay 100% of tuition (less enrollment holding fee and applicable discounts) due by May 23, 2008: Total: $12,010* (a $250 discount from full tuition of $12,260.) No returning student will receive this discount if payment is not received by the due date stated.

Plan 3:	Enroll in the semi-annual payment plan administered by FACTS Management Company by June 20, 2008. Paying 50% of tuition (less enrollment holding fee, applicable discounts* and financial aid) due on July 20, 2008; and the remaining 50% due on December 20, 2008. Total $12,160 (a $100 discount from full tuition of $12,260) no returning student will receive this discount if holding fee and payments are not received by the due dates stated). You may sign up for this semi-annual plan online through e-Cashier link on the Cheverus web site (www.cheverus.org). Total cost: $12,160 plus $39 (includes the Peace of Mind Life insurance fee).

Plan 4:	Enroll in the 10 monthly payment plan administered by FACTS Management Company by May 20, 2008. The tuition amount financed will be equal to the full tuition (less the enrollment holding fee, applicable discounts* and financial aid). The annual fee for this program will be $65.00. You may sign up for this monthly plan online through the e-Cashier link on the Cheverus web site (www.cheverus.org). Total Cost: $12,260 plus $65 (includes the Peace of Mind Life insurance fee). *NOTE: There is a discount of $1,250 from a student's tuition if a younger sibling is enrolled in the school.

An interest charge of 18% annually (1.5% monthly) is assessed on late payments on the outstanding balance if one of the above plans is not chosen.

IS THERE FINANCIAL AID AND HOW DOES A FAMILY QUALIFY FOR AID?

Cheverus offers a substantial, but limited amount of financial aid. A student must be notified of acceptance for admission and pay the $750* holding fee (applied to tuition) within two weeks if a financial aid award is offered (this applies to incoming freshmen and transfer students only). Further information is available through the Treasurer's Office (774-6238 ext. 15, 16 or 17).

WHAT IS THE FILING DEADLINE FOR FINANCIAL AID?

All financial aid applications will be processed through FACTS Management Company.

Class of Accepted 2012 & Transfer Students (Classes of 2011, 2010 & 2009):

* Early Financial Aid Grant Application Deadline: February 1, 2008

(Best opportunity to receive aid. 2006 or 2007 federal tax return & 2007 W2�s required.)

* Applications received after April 1, 2008 will be subject to availability of funds.

(Best opportunity to receive current level of Financial Aid Grant. This is not a guarantee since the Grant is determined by need, as well as effort, conduct, and work grant performance on the part of the student. 2006 or 2007 federal tax return & 2007 W2�s required.)

� Applications received after the deadline will be subject to availability of funds.

� Financial Aid Grant award decisions are made on a first come, first served basis.

Financial aid decisions will be made as soon as possible after completed applications reach the FACTS offices. Applications may be filed online (www.factstuitionaid.com) or through the mail with FACTS. However, the earlier an application is made, the more likely it is that there will be a financial aid award.

WHAT ARE THE CONDITIONS FOR RECEIVING A FINANCIAL AID GRANT?

A Financial Aid Grant is based on the financial need of a student and his or her family. Cheverus High School is committed to helping all qualified students as much as possible in their attempt to enroll at Cheverus. The size of each grant is determined by family need, the number of applicants, the amount of financial aid available, and the timely receipt of the application. In 2007-2008, approximately 48.25% of the student body received some financial aid, and $1,289,800 was awarded to students deserving of aid. Over 98.88% of the Families who applied for Financial Aid Grants this year enrolled their students. A Financial Aid Grant includes a work grant program, which credits a student with $7.00 (Maine State minimum wage effective October 1, 2007) for every hour worked. Juniors and Seniors are eligible to participate in the Double Your Dollar Program, allowing the turning in of paychecks from an outside employer crediting the work grant $2 for every $1 in the paycheck. Successful and satisfactory completion of work grants is the responsibility of the student. Work is assigned on campus according to a student�s schedule for class, athletic and co-curricular activities.

IS THERE ANY OTHER SOURCE OF FINANCIAL ASSISTANCE AVAILABLE?

Yes. Beginning 2008-09 school year Cheverus will be offering �Freshman Ignatian Merit Scholarship Exams�. Exam dates are: February 9^th and March 8^th, 2008. Up to five (5) $2,500 scholarships will be offered for freshman for the 2008-09 year who have received admissions acceptance, completed and returned an enrollment contract and paid the non-refundable holding fee payment prior to the exam date.

Also, several local Catholic parishes offer active members of their parish subsidies for tuition charges at Cheverus. Any subsidy from a parish is considered to be an addition to the Cheverus Financial Aid Grant. Check with your pastor concerning the availability of a parish subsidy.

ARE THERE FEES IN ADDITION TO TUITION CHARGES?

Yes. There is a non-refundable application fee of $50 to be submitted with the student's application. In 2007-08, Freshmen art students are assessed an Art fee of $40*. Freshmen are assessed a Retreat fee of *$15. All students are assessed a Retreat fee each year. These fees are exclusive of tuition charges and are included in the first tuition statement. In addition, textbook charges range between $350 and $450. Used textbooks are usually available at a lower price on a first-come/first-served basis. Hardcover textbooks that will be used in the next school year may be returned for credit at the end of the school year. A $45* fee for the yearbook is optional. *subject to a slight change after approval of 2008-09 budget in June.

WHO MAY I CONTACT TO RECEIVE FURTHER INFORMATION ABOUT FINANCES?

Michael S. Komich, Business Manager: komich@cheverus.org or 774-6238 ext. 29 will be able to give accurate information about finances at Cheverus High School.

Tuition & Financial Aid

WHAT IS THE TUITION AT CHEVERUS HIGH SCHOOL?

The tuition at Cheverus High School for the 2008-2009 school year is $12,260. There is a reduction of $1,250 from the older child�s tuition if there is more than one student in a family attending Cheverus at the same time.

WHAT OPTION ARE AVAILABLE FOR TUITION PAYMENT?