Affording MSSM

We are funded directly by Maine State Legislature, supplemented by Room and Board and other fees collected from each family. Although there is no tuition for Maine residents, all families are responsible for paying Room and Board which was set at $9,300 for the 2020-2021 school year.

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MSSM accepts electronic fund transfer (ACH) from your checking/savings account, checks or money orders. Checks and money orders must be made payable to MSSM. A $ 25.00 fee will be assessed for a returned checks or returned ACH payments. Credit card payments are not accepted.

• A $25.00 refundable deposit is required for a keycard*
• A $25.00 refundable deposit is required for a room key*
• A $5.00 refundable deposit is required for mail box key*
• Student must have an appropriate hand-held calculator for mathematics classes
• Various exams (AP, SAT, etc.) have fees
• Personal computers must be configured with a network card and virus protection
• Unless proof of adequate insurance is provided, health insurance must be purchased at an approximate cost of $1,880/10 month policy. The entire premium is due by August 21, 2020.
• MSSM courses for UMPI college credit have a fee.

*A deposit is forfeited in the event of loss or destruction. An additional deposit is required to re-issue keys/key cards. Deposits will be returned upon receipt of undamaged keys at the end of the year. Once it has been established that a student has lost his/her key and charges have been submitted through the business office, no refunds will be made.

After being accepted, a non-refundable deposit of $150, which will be credited to your room and board invoice, must be made to reserve your space.

An initial invoice and a Payment Option Contract for admitted students are issued in July by the Business Office.

Your first payment must be made by August 21, 2020. The payment will be determined by your choice on the Payment Options Contract. Families not meeting this deadline will not be allowed to register their son/daughter on move in day. Refundable deposits for keys are due with first payment. Payments cannot be accepted on move in day.

Past due invoices will be subject to a $25 late payment fees which may be assessed after the 15th of each month.

There are three payment plans available.

1. Pay in full by August 21, 2020 (ACH, check or money order).
2. Pay ½ by August 21, 2020 and ½ by January 4, 2021 (ACH, check or money order).
3. *Pay in 10 equal monthly installments. Payments are scheduled via electronic fund transfer on the first of the month, no exceptions. Payments are scheduled August 21 through May 15.*

*Please note that this option is only available via enrolling in ACH payments.

Financial aid at MSSM applies to the Room and Board fee for qualified Maine residents only. Maine families who wish to be considered for financial aid are required to complete a financial aid application with Facts Management. The Facts Grant & Aid assessment process, very similar to the college financial aid process, provides the amount the family should be able to contribute to Room and Board. Facts Management will provide MSSM with a Family Need Report. In addition to state funded financial aid, there is also a limited amount of scholarship funding generously provided by the MSSM Foundation. There is no official deadline for applications but early submission is requested. Parents or students may apply for financial aid at any time.

Any questions, please email financialaid@mssm.org.

To initiate the process, go online to https://online.factsmgt.com/aid

• Create an account or sign in to an existing account
• Select “Begin Application”
• Select “Add School”
• Input Zip Code 04750
• Select “Search”
• Select “Maine School of Science and Mathematics”
• Select “Start Application”

Refund Policy for Student Withdrawals or Early Departures

Current Policy

Students who withdraw or depart early from the Maine School of Science and Mathematics may be due a credit for the unearned portion of the Room and Board charged based upon the refund guidelines listed below.

Room and Board for the year is considered fully earned after of the third week of classes for returning MSSM students and after the fifth week of classes for first time MSSM students. For refund purposes, the school year begins on the first day of class listed on academic year calendar.

Returning MSSM Students

• Prior to 1st day of school 0% of amount owed
• During the 1st week 10% of amount owed
• During the 2nd week 20% of amount owed
• During the 3rd week 30% of amount owed
• After the 3rd week 100% of amount owed

First Time MSSM Students

• Prior to 1st day of school 0% of amount owed
• During the 1st week 10% of amount owed
• During the 2nd week 20% of amount owed
• During the 3rd week 30% of amount owed
• During the 4th week 40% of amount owed
• During the 5th week 50% of amount owed
• After the 5th week 100% of amount owed

*minus $150 Non-refundable deposit

MSSM’s Executive Director has the authority to make exceptions to this policy when there are extenuating circumstances.

For non-residents, Tuition is $34,300 and Room and Board is $9,300 for the 2020-2021 school year. There is also a $5,000* Non-Resident Student Fee.

MSSM accepts electronic fund transfer (ACH) bank transfer, domestic/international wire transfers, checks or money orders. Checks and money orders must be made payable to MSSM. A $ 25.00 fee will be assessed for a returned check. Credit card payments are not accepted.

• A $25.00 refundable deposit is required for a keycard*
• A $25.00 refundable deposit is required for a room key*
• A $5.00 refundable deposit is required for mail box key*
• Student must have an appropriate hand-held calculator for mathematics classes.
• Various exams (AP, SAT, etc.) have fees
• A $5,000.00* fee is required for all non-resident students. This fee is necessary for ESL + SAT/TOEFL instruction, related texts. In addition, each student will be provided a host family.
• Unless proof of adequate insurance is provided, health insurance must be purchased for students not covered for medical care in Maine at an additional cost of $1,880/10 month policy or $2,090/12 month policy. The entire premium is due by August 21, 2020.
• MSSM courses for UMPI college credit have a fee.

*A deposit is forfeited in the event of loss or destruction. An additional deposit is required to re-issue keys/key cards. Deposits will be returned upon receipt of undamaged keys at the end of the year. Once it has been established that a student has lost his/her key and charges have been submitted through the business office, no refunds will be made.

After being accepted, a non-refundable deposit of $5,000 must be made to reserve your space. The deposit will be credited to your invoice for Room and Board, Tuition, and Non-Resident Student Fee.

Initial invoices for admitted students are issued in July by the Business Office.

Payment in full must be made by August 21, 2020. Refundable deposits for keys are due with 1st payment. Families not meeting this deadline will not be allowed to register their son/daughter on move in day. Payments cannot be accepted on move in day.

Current Policy

Students who withdraw from the Maine School of Science and Mathematics prior to the end of the third week of the school year may be due a credit for the unearned portion of the Tuition, Room and Board, and Non-Resident Fee.

All of the aforementioned charges for the year are considered fully earned at the end of the third week of classes. For refund purposes, the school year begins on the first day of class in the year, regardless of the student’s first class day of attendance during week one and ends on the school’s determination date of official or unofficial withdrawal. The period of time used to calculate the refund is the first day of class according to the school calendar.

Returning MSSM Students

• Prior to 1st day of school 0% of amount owed*
• During the 1st week 10% of amount owed*
• During the 2nd week 20% of amount owed*
• During the 3rd week 30% of amount owed*
• After the 3rd week 100% of amount owed*

First Year MSSM Students

• Prior to 1st day of school 0% of amount owed*
• During the 1st week 10% of amount owed*
• During the 2nd week 20% of amount owed*
• During the 3rd week 30% of amount owed*
• During the 4th week 40% of amount owed*
• During the 5th week 50% of amount owed*
• After the 5th week 100% of amount owed*

*minus $5000 Non-refundable deposit

MSSM's Executive Director has the authority to make exceptions to this policy when there are extenuating circumstances.