The Board of Trustees approves two-year tuition freeze
At its winter Board meeting last week, the St. Paul’s School Board of Trustees approved a tuition freeze for the upcoming 2020-21 and 2021-22 school years. As part of the Board’s discussion on the School’s mission and purpose, the trustees renewed their commitment to educating the whole student in a community that engages the minds and shapes habits of collaboration, contribution, and leadership, and the expenses necessary to fulfill that promise.
One of the great strengths of the St. Paul’s School experience, remarks President of the Board Archibald Cox, Jr. ’58, is the diversity of its student body. “Young people from all walks of life, from around the country and around the world, come to St. Paul’s to contribute their unique backgrounds and experiences to the powerful residential community that is the heart of the St. Paul’s experience,” he says. “This kind of education is expensive, and over the past number of years, our Board has invested in a diverse student body by purposefully expanding financial aid resources. However, we have also been concerned about the sustainability of steady tuition increases. We want and need to take decisive action on the issues of affordability and access for all families.”
“The SPS community speaks with one voice on community diversity and has created extraordinary opportunities for young people to transform themselves and what they think is possible for their lives,” says Rector Kathleen C. Giles. “The Board’s vote represents both an affirmation of the School’s strength and a call to action. We look forward to doing the work that makes an SPS education truly accessible to every young person who shares the School’s priorities of scholarship, leadership, character and community.”
Tuition for the 2019-20 school year is $62,000. The tuition freeze is one of a multi-pronged approach to continuing the excellence of a fully-residential education while providing financial accessibility to students and their families. Fundraising with a focus on financial aid began last year, and the School’s administration continues to analyze how best to put the School’s financial resources to use while ensuring sustainability and academic excellence.