User blog comment:Imouto-tan/Royal Magic Academy/@comment-4867780-20170216043319/@comment-26362471-20170216162442

The academy is housed inside of a castle and originally only royalty with magic capabilities and high profile Witches were allowed, then poor Jewels and witches and finally everyone was allowed to attend.

It takes a lot of money to fund the college and there aren't that msny Jewels who want to use their powers for combat so many drop out of the more expensive combat and magic formula courses.

Victoria both is and isn't Sherria, while she certainly is Sherria's younger self its not like Sherria gives her money and Victoria doesn't ask for any as the Memory Vessels are seperate entities not her children (even her daughter is independent). Most of the rich families and government funds that used to back the school stopped after they started allowing humans and ex-troublesome witches to attend.