So here are the eight schools, covered with their (approximate) meaning/meaning of words contained within the incantation:
Abjuration: "Manus, Potentis, Paro." Roughly translates to "The hand of the Mighty One is set."
Alteration: "Praeses, Alia, Vero." Roughly translates to "Protect(ing) another with certainty." (This should have been assigned to Abjuration, methinks. Nevertheless, onward we proceed...)
Conjuration: "Facio, Voco, Vere." Roughly translates to "Yes, I summon it truly."
Enchantment: "Cupio, Virtus, Licet." Roughly translates to "May I have the power I desire," or "I desire power, may I have it."
Divination: "Scio, Didici, Peto." Roughly translates to "I have learned for I have asked," or "I know for I have sought." (Very fitting.)
Illusion: "Veritas, Credo, Oculos." Roughly translates to "I believe the truth is in the eyes." (I love the irony of this.)
Evocation: "Incautus, Pulcher, Imperium." Roughly translates to "I command beautiful, uncertain/unforeseen things."
Necromancy: "Vita Mortis Careo." Roughly translates to "I am deprived of life."