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SMUS Icon
  • Discover SMUS
    • Introducing Our School
    • Our People
    • History and Traditions
    • The Campuses
    • Governance and Community
    • Equity, Diversity and Inclusion
    • Careers with SMUS
  • Admissions
    • Start Here
    • Apply for Boarding School
    • Apply for Day
    • Open House
    • Admissions Travel
    • Fees and Financial Support
    • International Families
    • Welcome and Orientation
    • Publications
    • Contact Admissions
  • Our Schools and Programs
    • Boarding
    • Senior School
    • Middle School
    • Junior School
    • SMUS Camps
  • Support SMUS
    • Advancement Office
    • Annual Fund
    • Journey for Life Campaign
    • Legacy Circle
    • Vivat Foundation
    • Our Donors
    • Contact Advancement
  • Links for
    • Current Parents
    • Current Students
    • Faculty and Staff
  • News and Calendar
  • Campus Services
  • Alumni
  • Apply Now
  • Contact Us

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  1. Home
  2. Admissions
  3. Fees And Financial Support
  4. Financial Aid

Financial Aid FAQ

Below you will find the answers to many of the most common questions about the Financial Aid program at SMUS.

A Financial Aid (or Financial Assistance) program is offered by many independent schools. It provides families a needs-based money award that is offset against tuition fees. The money mostly comes from our generous community of donors. It is not a loan and does not need to be repaid.

‘Needs-based’ (or ‘means-based’) is an award that is based on the financial position of your family. It is a variable amount and the academic potential of the student is not a factor.

Approximately 20% of the student population at SMUS receives a portion of financial aid, scholarship and staff bursaries. Although the financial aid budget is finite, SMUS has no cap on the number of students that receive financial aid. Students on financial aid are treated the same as full fee paying students.

Your financial information is held in the strictest confidence. It is only made available to Senior Leadership Team members on the SMUS Financial Aid Committee.

There are no restrictions on the Financial Aid program at SMUS. It is open to all grades, to both day and boarding students; Domestic, North American and International. Please see the Eligibility for Financial Aid page for more information.

The Financial Aid program awards up to a maximum of 50% of the cost of tuition.

The application process is a detailed assessment of your family’s financial position by a third-party organization (see the Application Process webpage). It considers several factors including dependents, income and assets. This means that until you have gone through the external application process it is impossible to define an award amount. As you might expect, there are too many variables to consider, so we encourage you to apply.

The school assumes that parents, to the extent that they are able, will bear the primary responsibility for financing their children’s education, sometimes at the expense of other discretionary expenditures. If you have looked at the Tuition Fees pages and feel like the fee would be a struggle to pay, you should apply.

See the Application Process for Financial Aid webpage.

When you accept a financial aid offer, the award is applied as a credit to your SMUS account.

Since it is common for financial positions to change, we require families to reapply each year for financial aid. It is likely that if the student is in good standing and your position does not change that you will continue to receive Financial Aid each year.

We recognize that personal circumstances change, so each year all families can apply or reapply for financial aid.

  • Fees and Financial Support
    • Financial Aid
      • Applying for Financial Aid
      • Eligibility for Financial Aid
      • Financial Aid FAQ
      • Support the Financial Aid Program

St. Michaels University School is an independent day and boarding school of 1,000 students from Junior Kindergarten to Grade 12 in Victoria, BC, Canada.

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3400 Richmond Road

Victoria, BC, Canada, V8P 4P5

(250) 592-2411 [email protected] More contact information
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