Home | Admission | Tuition, Scholarship, & Financial Aid

Tuition for 2024-2025 School Year

High School:  $30,900.00
Middle School: $27,900.00
Administrative Fees: $1,300.00

Financial Aid

Applications can be submitted at https://sssandtadsfa.my.site.com/familyportal.

Financial aid applications should be submitted at the same time that your son’s online school application to Devon Prep is submitted – the sooner, the better.

Financial Aid Philosophy

Financial aid exists to make it possible for a family to send their son to Devon Prep that otherwise couldn’t afford to do so. It doesn’t exist to resolve cash flow issues, or to reduce tuition costs to match a competing school. We aren’t as inexpensive as some other schools, but we believe you get what you pay for. Tuition is an investment in your son and in his school. Our families make their son’s education a financial priority.

The goal of the Financial Aid Committee is to give out as much as possible to as many families as possible, understanding that there is more need than the budget could possibly cover. A completed application calculates an amount a family can afford, and the Committee uses that as a starting point. Their intent is to bridge the gap between the cost of tuition and what they feel a family can reasonably pay.

Aid award determinations are strictly need-based, and there is an income level beyond which a family will not qualify for aid. Often families will ask whether it is worth their time to submit an application. The short answer is that it is always worth applying, with a letter from the Committee stating you do not qualify as the only risk. The longer answer is that as a family’s income rises – generally above $250k or so – a family will not qualify for financial aid, as there will be enough families applying in a given year below that mark to use up the financial aid budget for the year. A family’s asset level and spending will also factor in the Financial Aid Committee’s decisions; use that income level as a guideline.

Additionally, there are no families that receive an aid award that entirely covers tuition.

Some families will need to stretch financially to send their son to Devon Prep, and many families do just that, as they believe our school to be the best place for their son. The aid budget is limited, and requests for financial aid have significantly increased in recent years. The goal of the Committee is to put families in the position to be able to afford Devon Prep if they make it a financial priority; financial aid is a tool that helps. It is up to each family to find a way to make it work, and we believe you’ll feel as we do, that the investment is worth the cost.

New applicants to Devon Prep must apply by December 1st to be considered for financial aid. Existing Devon Prep families must reapply by December 31st to be considered for financial aid.

For further details about financial aid, please contact the Financial Aid Committee at financialaid@devonprep.com

Merit Scholarship

Scholarships are awarded based on the strength of a student’s application to Devon Prep, including his performance on the entrance exam.  There is no separate application process for merit scholarship. Scholarship awardees are notified upon acceptance to Devon Prep.

Scholarship Award Philosophy

Merit scholarships are given out based on the strength of a student’s application – grades, teacher recommendations, and, of course, the entrance exam score. Often an entrance exam score better than the 90th percentile nationally is needed to qualify for some sort of merit scholarship, although that can be higher depending upon the strength of the applicant base. Please note that we do not give full scholarships, nor do we give scholarships specifically for athletics.

Merit scholarship allows us to award high-achieving applicants, and help them afford a Devon Prep education. The budget and number of applicants will change each year, but the Scholarship Committee does its best to distribute what it can.

Scholarship is not something to be bragged about to neighbors, or viewed as a popularity contest. It is, for us, a means to an end. If you are awarded a merit scholarship to Devon Prep, you should be proud of your achievement. If you aren’t awarded a merit scholarship to Devon Prep, don’t worry – your success isn’t determined by an entrance exam score or scholarship amount, it’s determined by your willingness to engage with what we have and make the most of your time at our school.

It is important to note that are no families that receive a scholarship that entirely covers tuition. To best utilize its budget, the Committee would prefer to give, for example, two $10,000 scholarships rather than one $20,000 scholarship. The budget only stretches so far, and we want to make sure as many students as possible have the ability to come to Devon Prep. The Scholarship Committee works with the Admission Department, utilizing scholarship to build a well-rounded class.

At the end of the day, the decision to send your son to Devon Prep should come down to more than just finances – we are unique in environment, class size, and opportunity level for your son. If you are not awarded a merit scholarship, or you feel a merit scholarship alone isn’t enough to allow you to send your son to Devon Prep, we have need-based aid you can apply for.