In preparing for the 2014-2015 school year we are contracting with FACTS Management Company to help us manage our tuition payment program. Every family must be enrolled online with FACTS for the upcoming school year. Click here to visit https://online.factsmgt.com/register and you will create your login credentials, choose your payment plan and confirm or change your demographic information. It only takes a few minutes to enroll. The deadline for enrolling in FACTS is April 30, 2014. (No Exceptions)
Further information will be updated by May 10, 2014 for the 2014-2015 Academic year.
Information for the 2014-15 Academic Year
Tuition: Tuition for the 2014-15 academic year is $14,150. 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 75% 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%.
Mandatory Fees: The only fees Prep charges for the academic year 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, over the next two years, we will eliminate all fees related to our (optional) Emmaus and Kairos retreats.
Financial Aid: In 2014-15, Saint Peter's Prep will offer financial aid to more than 40% of our students, representing over $2.2 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 2019 must be submitted by November 30, 2014. For returning students, all financial aid applications must be submitted anually by April 15th of each year. To learn more about the financial aid process, please go to the Financial Aid page .
Payment Plans: All mandatory fees are due for everyone on June 1st. Regular tuition payments start July 1st for all plans. Payments are determined after all 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. There is a $20 service charge for this plan.
- Semi-Annual Plan: One half of the total balance is due July 1st and the other half on December 1st. There is a $50 service charge for this plan.
- Eleven Month Plan: This plan incurs a $100 service charge that is due at the time of enrollment and will be added to your first monthly installment amount. Monthly payments are due July 1st through May 1st.
Please place the student's student ID number on all checks and money orders.
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 a new semester if outstanding balances exist as of September 1, January 1 or June 1. Participation in graduation exercises is also included in this policy.