Choosing the right educational institution is a significant decision for families, and understanding the financial aspects is a crucial part of this process. This overview aims to provide prospective students and their families with a clear guide to Saint Peter’s Prep tuition and associated fees for the upcoming 2024-2025 academic year. We also detail the various payment plans available to accommodate different family needs.
Tuition
The tuition for Saint Peter’s Prep for the 2024-25 academic year is set at $23,320. It’s important to understand where your tuition dollars are allocated. At Prep, the majority of tuition revenue directly supports the faculty and staff who are committed to providing an exceptional educational experience. This includes their salaries, health benefits, and the various programs designed to enrich student life and academic quality. Interestingly, tuition covers approximately 80% of the actual cost of educating each student at Saint Peter’s Prep. The remaining portion is generously subsidized by alumni and donors, highlighting the strong community support that helps keep tuition costs manageable. Saint Peter’s Prep has also demonstrated a commitment to controlling tuition increases, with average rises in the single digits, specifically averaging 4.78% over the last decade. This consistent approach to tuition management provides families with predictability and value.
Fees
In addition to tuition, there are mandatory annual fees that are essential to student activities and resources. These fees are billed separately from tuition and are due in full on June 1st. For the 2024-2025 academic year, these include a $750 activity fee, a $300 book fee, and a $250 technology fee. Saint Peter’s Prep is committed to transparency in its fee structure and has, in recent years, actively worked to eliminate unnecessary extraneous fees. Unlike some schools, Prep does not have mandatory fundraising requirements or “pay-to-play” systems for athletics. The fees mentioned cover essential aspects of the student experience. Any other costs are typically for “opt-in” experiences, allowing families to choose what best suits their son’s interests and involvement. Examples of these optional expenses include trips, private music lessons, AP exam fees, SAT preparation courses, and access to the Browning Center. Notably, Saint Peter’s Prep does not charge for athletic transportation for athletes or fans, nor are there graduation fees, further demonstrating a commitment to minimizing mandatory costs. Fees associated with retreats like Emmaus and Kairos have also been eliminated, except for a minimal reservation charge.
Tuition Payment Plans
Saint Peter’s Prep offers flexible payment plans to accommodate family financial situations, and the payment amount for any plan is calculated after any awarded tuition assistance or scholarships are deducted. Families can choose from the following options:
- Annual Payment Plan: For families who prefer to pay in one lump sum, the full tuition amount is due on or before July 1. This plan has no service fee.
- Semi-Annual Payment Plan: This option allows for two payments, with installments due on July 1 and December 1. A single $55 service fee applies to this plan and is added to the tuition amount.
- Monthly Payment Plan: For greater flexibility, the monthly payment plan divides the tuition into eleven installments, due on the first day of each month from July 1 through May 1. This plan includes a single $110 service fee, which is incorporated into the total tuition cost.
Admissions
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