CONCORD, N.H., 07/15/15 – St. Paul’s School will extend its financial aid policy to include more American families, beginning in the 2015–16 school year. In the first change to its financial aid guidelines since 2012, the Concord, N.H., boarding school for students in grades 9–12 will award full tuition and mandatory fees to students demonstrating strong academic ability and leadership potential and whose families earn $125,000 or less annually. In addition, families earning between $125,000 and $250,000 will be expected to contribute no more than 10 percent of the family’s household income toward their child’s education. The move was made to address impact of rising tuition costs and slowing income growth and their effects on the affordability of education.
“This increase reflects our continued commitment to providing a St. Paul’s School education to all qualified students, despite their ability to pay,” said Rector Mike Hirschfeld ’85. “By remaining as accessible as we possibly can, we are able to enrich the overall quality of our education by creating a dynamic community of individuals who bring their diverse experiences and perspectives to the School.” Currently 38 percent of all St. Paul’s School students receive some form of financial aid.
At the School, where all students live on the grounds, this financial support includes room, board, and other expenses. The cost of attending St. Paul’s School in 2015–16 is expected to be $57,985. The aid under the revised policy will come entirely in the form of grants; the School will require no loans to be repaid.
The policy is similar to those available from some of the nation’s most competitive colleges, including Stanford, Harvard, and Princeton, where income thresholds help families more easily calculate their financial responsibilities. “We want our financial aid philosophy to be clear for prospective families,” said Dean of Admission Scott Bohan ’94. “It recognizes that $57,000 is a lot of money for tuition and board, and it outlines what one’s actual contribution might be. This is a very logical – and timely – next step that underscores our intention to increase the range of families who can take advantage of all St. Paul’s School has to offer.”
According to Financial Aid Director Tim Caryl-Klika, the new policy also means that there is no income cut-off for financial aid eligibility, so families with incomes higher than $250,000 per year may still qualify for aid. “We have been a leader in independent school financial aid for some time now, he said. “We want students and their families to determine if St. Paul’s is the best school for them based on the quality of our programs and our commitment to living in community. Financial considerations are of course important, but finding the right fit should be paramount.”
Building on a policy announced in 2006 that awarded full tuition to families of admitted students with household incomes of $65,000 or less, the policy was expanded in 2008 to offer full financial aid to families with household incomes of $80,000 or less. In 2012, families earning between $80,000 and $200,000 per year were asked to contribute no more than 10 percent of their yearly income.
Founded in 1856 and affiliated with the Episcopal Church, St. Paul’s School is a co-educational, college-preparatory high school in Concord, N.H. The 2,000-acre grounds are home to approximately 525 young men and women from 36 states and 25 countries. All students and the nearly 100 full-time faculty members live on the grounds. The School is accredited by the New England Association of Schools and Colleges and other nationally recognized agencies. In addition to its regular program for high school students, St. Paul’s School also offers the Advanced Studies Program each summer for academically talented New Hampshire public school juniors. The School website is www.sps.edu