Information for the 2017-18 Academic Year
The Tuition and Fees for the 2017-2018 Academic Year will be announced after the Board of Trustees meeting in the early spring.
Saint Peter’s Prep has contracted with FACTS Management Company “FACTS” to provide tuition billing and collection services through an online portal. Once you have received your Acceptance Letter, it is mandatory for every family to register for FACTS online at http://facts.spprep.org and provide all required demographic information and choose a payment plan. (Sheehan Scholarship recipients should select the Annual Plan). FACTS will contract one account per family, whether there is one child or multiple children. To add an incoming student to your existing FACTS account, please notify the Finance Office at the time of registration. Once you are enrolled, you can sign in and view your account at any time.
Fees Not Included in Tuition:
These mandatory annual fees are due in full on June 1st for all students
- Activity Fee – This fee defrays the costs of non-academic programs
- Books – This fee covers the cost of summer reading and books for each student’s individual classes
- Technology Fee – This fee covers the cost of the school-owned device, wireless infrastructure and support for the 1:1 Computer Program.
Enrolling in a FACTS tuition payment plan allows you to select a payment option that best suits your financial needs. There are three payment plan options and each are due on July 1st:
- Annual Payment Plan: Full payment is due on or before July 1st. There is no service fee with this plan.
- Semi-Annual Payment Plan: A two-payment option with payments due on July 1st and December 1st. This plan incurs a $50 Service Fee which will be combined with tuition.
- Monthly Payment Plan: An eleven-payment option with payments due on the 1st of each month from July through May. This plan incurs a $100 Service Fee which will be combined with tuition.
Payment Methods Offered: FACTS accepts Credit Cards (Visa, Master Card, American Express and Discover), Automatic Bank Draft (ACH) and Invoice (Check by mail). The Finance Office will only accept bank checks, cash or money order payments at the school window.
Payments are determined after all tuition assistance has been deducted.
Information for the 2016-17 Academic Year
Tuition: Tuition for the 2016-17 academic year is $16,300. 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 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 five years, tuition increases at Prep have generally been in the single digits, averaging around 6.5%.
Fees: The mandatory annual fees, which are not included in tuition for the academic year, are due in full on June 1. 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 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, we have eliminated fees related to our (optional) Emmaus and Kairos retreats with the exception of a small reservation charge.
Divorce Policy: The Finance office does not need any documentation if a divorced couple will be sharing one bill through FACTS and determining each person's percentage between each other. However, if you are a divorced couple that wishes to receive separate bills through FACTS, you must each submit a signed Tuition Contract along with a copy of the divorce decree so we can determine the percentages due for each responsible party. In addition, you must each enroll with FACTS and create your own User ID and password, and choose your own payment plan.
Financial Aid: In 2016-17, Saint Peter's Prep will offer need based financial aid to approximately 30% of our students, representing over $1.7 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 2021 must be submitted by November 30, 2016. For returning students, all financial aid applications must be submitted annually by April 15th of each year. To learn more about the financial aid process, please go to the Financial Aid page .
Payments: The Finance Office has contracted FACTS Management Company “FACTS” to provide tuition billing and collection services starting in the 2014-2015 school year. The selection of FACTS followed a review of numerous tuition service providers. FACTS serve 6,000 schools in the United States and receive very high grades for professionalism, accuracy and customer service. It is mandatory that every family be enrolled in the new system (No exceptions).
Families who are registered with FACTS and have already created their ID and Password, click here to sign in.
If you still need to register, click here and use the unique code that was previously sent to you so you can login and create your codes and account. Once you are logged into your account you can view your tuition bills, make a payment, and choose a payment plan, schedule automatic payments or invoice billing.
Payments are determined after all scholarships and 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. (no service fee)
- Semi-Annual Plan: One half of the total balance is due July 1st and the other half on December 1st. ($50 service fee will be combined with tuition)
- Eleven Month Plan: Monthly payments are due July 1st through May 1st. ($100 service fee will be combined with tuition)
- Please place the student's student ID number on all checks and money orders to the school and the customer number for payments made to FACTS.
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.