Tuition for 2021-2022 School Year
High School: $27,600.00
Middle School: $24,600.00
Administrative Fees: $1,200.00
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 of at least the 90th percentile nationally is needed to qualify for some sort of merit scholarship, although that varies each year based on 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 as much as it can to as many applicants as it can. Not every applicant can be awarded merit scholarship.
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 at Devon isn’t determined by an entrance exam score or dollar amount, it’s determined by your willingness to engage yourself with what we have.
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, we feel 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 a merit scholarship isn’t enough to allow you to send your son to Devon Prep, we have need-based aid you can apply for.
Financial aid applications should be submitted at the same time that your son’s online application to Devon Prep is submitted, and are reviewed upon an applicant’s acceptance to the school.
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 problems, 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. Aid award determinations are strictly need-based.
The goal of the Financial Aid Committee is to give out as much as possible to as many families as possible, balancing their existing budget and the fact that more families apply 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. The goal is to bridge the gap between the cost of tuition and what the Committee feels a family can reasonably pay. There is an income level beyond which a family will not qualify for aid. Additionally, there are no families that receive an aid award that entirely covers tuition.
Rarely will a family not be able to make the financial piece work if they want to. The committee is very mindful when making decisions to help a wide range of families afford Devon Prep. Sometimes the gap between tuition and need is closed entirely. Sometimes a family will need to stretch to send their son to Devon Prep, and many families do just that, as they believe the school to be the best place for their son.
New families must apply by December 1st, 2021, to be considered for financial aid. Existing Devon Prep families must reapply by December 31st, 2021 to be considered for financial aid.
For further details about financial aid, please contact the Financial Aid Committee at email@example.com