Financial Assistance

Financial Assistance and Bursaries

What is a Bursary?

The Sacred Heart School of Montreal believes strongly in encouraging the development of a diverse community -- both ethnically and socio-economically. Enrollment is not limited to students whose families are able to afford the tuition and it is for this purpose that the Bursary Fund was established.

Each year, the school receives requests for financial assistance from Sacred Heart families. Every effort is made to provide some financial assistance to as many as possible. Bursary Fund assistance is not a loan. The amount for which a family qualifies is deducted from their tuition fees.

Bursaries are awarded on a year-to-year basis and are conditional on continuing financial need and good standing.

Who can apply for a busary?

There is no minimum income amount to apply for a bursary, as each family is assessed on an individual basis. To be eligible for assistance, students must complete the admissions process and be enrolled for the next school year.

How do I apply? How is the financial need of my family assessed?

The Sacred Heart School of Montreal uses the services of an independent, third-party organization, Apple Financial Services, which assesses the family's overall financial ability to contribute to their child's education.

Parents are asked to complete a Parents' Financial Statement from the Financial Aid for Canadian Students (FACS) and submit it directly to Apple Financial Services. The cost of this service is $65.00.

Apple Financial Services uses a standard formula to determine the needs of the family. Income, expenses, assets and debts, ages of children, size of the family and the number of children at tuition-paying educational institutions are factors considered.

Once the financial situation of the family is analyzed, the information is forwarded to the Bursary Committee which will, on a confidential basis, determine the tuition reduction for which the family qualifies.

The deadline for completing the bursary application is March 1st prior to the upcoming school year for which the bursary is awarded.

When will I know if my daughter will receive a bursary?

The Bursary Committee endeavours to communicate to families in a timely fashion. Families who have been awarded bursaries will know by late March.

Is financial assistance renewable each year?

Each year's application is considered separately and therefore a new application must be filed each year. Changes in a family's financial status may affect the bursary amount. An annual review of the student's academic standing and her overall contribution to the school are also considered as part of the awards process.

If you have any additional questions, please contact Admissions at 514-937-2845 (ext. 102).

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