The Element High School is a not-for profit organization with a mandate to provide our students with the highest quality education while remaining sustainable for our current and prospective parents Our tuition fees are as all-inclusive as possible so we are not asking parents for additional money throughout the year. Tuition is used to cover the operating costs of the school. New families are required to pay a one-time, non-refundable Acceptance Fee of $200.
The Beth MacKay Bursary Fund allows OMS Montessori and The Element to maintain a diversity of students and families in its community by providing financial assistance to those who would not, otherwise, be able to remain at OMS and The Element. No more than 50% of tuition will be covered by the bursary and the bursary will not be available to those who are not yet students of OMS or The Element.
The criteria will be applied in the following order of priority.
Financial need will be determined by Apple Financial Services, an external company that will assess the family’s finances and determine the amount of money the family can afford to pay for tuition. Applying parents will pay $90 per application to Apple Financial Services.
A Bursary Committee consisting of at least two Montessori staff and the School Director or designate will review the applicants and determine eligibility based on the above criteria. The name of the family applying for the bursary will remain confidential. Each application will be assigned a number. The application form will include the information required by the criteria. The documents from Apple Financial Services will be assigned an application number as well so that the committee is able to consider that information in a confidential manner.
The deadline for a bursary application is in December. Once a decision is made, someone from the committee will contact the applicant families in order for the families to meet the re-enrolment deadline in January.
The primary source of bursary funding will be from donations to the Beth MacKay Bursary Fund. All donations are eligible for a tax receipt. Money will also come from the fundraising activities of the school. The percentage of the profits of each fundraising event that will be directed to the Beth MacKay Bursary Fund will be determined and published prior to the event.
The bursary funding is placed in a treasury account. Some of the Fund will be used directly for bursaries; some will grow the capital in the Fund. Eventually, the interest on the capital will be used for the bursaries. If you wish to make a contribution to the Beth MacKay Bursary Fund, please drop a cheque to the office payable to “OMS” indicating the donation is for this program. Thank you.
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