The common currency of the Provinces is the Leeuwendaalder, and any family’s liquid worth in Leeuwendaalders significantly impacts that family’s status and prosperity. Mages from otherwise mundane families that exhibit magical prowess are severely disadvantaged by their family’s lack of Leeuwendaalders and are often only able to succeed with help from philanthropic organizations that provide patronage until they graduate, conditional to their academic performance. The unlucky individuals that receive no assistance or intervention have to find the means to fund their education all on their own, literally starting out with nothing at all.
People who manifest magical powers become members of the Magimundi and are known as mages until they earn the title of Wizard by completing Magischola. Note: all people who have mastered the art of wielding arcane powers are known as wizards, regardless of gender. Wizard is an official title earned by those who have completed Magischola. Those without such a credential may be known as mages or as sorcerers, but not wizards. Again, mage and sorcerer are used regardless of gender. The suffix-ess (as in sorceress or wizardess) is considered uncouth and derogatory.
In North America, the official, accredited magical colleges are known as Magischola. There are currently two fully accredited Magischola, though some others are in the process of seeking accreditation. Only an credentialed graduate of an accredited Magischola can be considered an actual Wizard in the provinces and seek corresponding employment. For example, a brilliant healer without credentials can at best be part of an underground economy, or serve as a mere assistant to a potentially mediocre healer who has earned a Magischola degree. The system is designed to be a meritocracy, but functionally serves as a gatekeeping mechanism that privileges wealthier families and those of Unsoiled Heritage, as they have the greatest access to the Leewendaalders needed to afford Magischola.