Information for the 2018-19 Academic Year
Tuition: Tuition for the 2018-19 academic year is $17,888. The lion’s share of our tuition goes directly to pay salaries and health benefits of our faculty and staff, and to programs that directly impact the quality of our student experience. Tuition only covers about 80% of the full cost to educate our students – alumni and other donors to Prep subsidize several thousand dollars of the cost of educating every Prep student. Over the past five years, tuition increases at Prep have generally been in the single digits, averaging around 6.5%.
Fees: The mandatory annual fees, which are not included in tuition for the academic year, are due in full on June 1. These fees are an activity fee of $750, a book fee of $300, and a technology fee of $250. Over the past few years, we have eliminated extraneous fees, such as the Freshman Arts Day fee, the Frosh-Soph Retreats, etc. The only other charges are for “opt-in” experiences. Examples of these are trips, music lessons, AP exams, SAT preparation, the Browning Center, etc. We have also eliminated mandatory student fundraisers such as the walk-a-thon. We do not have mandatory raffles or other sales that place fundraising demands and requirements on our parents. In addition, we do not have a pay-to-play system for athletics, which can become very expensive for our families. We do not charge for transportation for sports (athletes or fans), or include other athletic fees. We do not have graduation fees. Finally, we have eliminated fees related to our (optional) Emmaus and Kairos retreats with the exception of a small reservation charge.
Divorce Policy: The Finance office does not need any documentation if a divorced couple will be sharing one bill through FACTS and determining each person’s percentage between each other. However, if you are a divorced couple that wishes to receive separate bills through FACTS, you must each submit a signed Tuition Contract along with a copy of the divorce decree so we can determine the percentages due for each responsible party. In addition, you must each enroll with FACTS and create your own User ID and password, and choose your own payment plan.
Financial Aid: In 2018-19, Saint Peter’s Prep will offer need based financial aid to approximately 30% of our students, representing over $2.5 million. While we cannot meet every request for financial assistance, Prep has committed this significant portion of its budget to helping deserving students and their families. In order to receive financial aid notification in time for Registration Day, financial aid applications for the Class of 2023 must be submitted by November 30, 2018. For returning students (including the Class of 2022), all financial aid applications must be submitted annually by April 15th of each year. To learn more about the financial aid process, please go to the Financial Aid page .
Payments: The Finance Office has contracted FACTS Management Company “FACTS” to provide tuition billing and collection services starting in the 2014-2015 school year. The selection of FACTS followed a review of numerous tuition service providers. FACTS serve 6,000 schools in the United States and receive very high grades for professionalism, accuracy and customer service. It is mandatory that every family be enrolled in the FACTS system (No exceptions).
Families who are registered with FACTS and have already created their ID and Password, click here to sign in.
If you still need to register, click here and create your username and password, then provide all required demographic information and select a payment plan. Once your account is finalized and active, you can view your tuition bills, make a payment, and choose a payment plan, schedule automatic payments or invoice billing.
Payments are determined after all scholarships and tuition assistance has been deducted. If you wish to change your plan, please contact the Finance Office.
The following plans are available:
- Full Payment: Due July 1st. (no service fee)
- Semi-Annual Plan: One half of the total balance is due July 1st and the other half on December 1st. ($50 service fee will be combined with tuition)
- Eleven Month Plan: Monthly payments are due July 1st through May 1st. ($100 service fee will be combined with tuition)
- Please place the student’s student ID number on all checks and money orders to the school and the customer number for payments made to FACTS.
Payment Methods Offered: FACTS accepts Credit Cards (Visa, Master Card, American Express and Discover), Automatic Bank Draft (ACH) and Invoice (Check by mail). The Finance Office will only accept bank checks, cash or money order payments at the school window.
Payments are determined after all tuition assistance has been deducted.
Outstanding Balances: Outstanding balances cannot be carried from month-to-month. Tuition balances should be kept current at all times. Students will not be admitted to classes if outstanding balances exist as of September 1, January 1 or May 1. This policy also applies if your account becomes 2 months delinquent with no communication at the Finance Office to make payment arrangements. Participation in graduation exercises is also included in this policy.