The following is an overview of Prep’s tuition and fees, as a guide for prospective students and families. An explanation of our payment plans is included below.
Prep offers an extensive program of scholarships and financial aid. Learn more:
Tuition
Tuition for the 2024-25 academic year is $23,320. The majority 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 ten years, tuition increases at Prep have been in the single digits, averaging 4.78%.
Fees
The mandatory annual fees, which are not included in tuition for the academic year, are due in full on June 1st. 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 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.
Tuition Payment Plans
The payment amount is determined after all tuition assistance and scholarships have been deducted. Prep offers the following options for paying tuition:
- Annual Payment Plan: The full payment amount is due in a single installment on or before July 1. There is no service fee for this option.
- Semi-Annual Payment Plan: A two-payment option, with payments due on July 1 and December 1. This plan incurs a single $55 service fee, which will be combined with the tuition amount.
- Monthly Payment Plan: An eleven-payment option, with payments due on the first day of each month, from July 1 through May 1. This plan incurs a single $110 service fee, which will be combined with the tuition amount.