The Philips Exeter Academy Tuition is one area that you will need guidance on if you wish to enter as well as survive in this institution. As you read through, we will be guiding you on what to expect regarding Philips Exeter Academy tuition and some financial aid that will help you.
Phillips Exeter Academy
Situated in the town of Exeter in southern New Hampshire, Phillips Exeter Academy is a coeducational boarding school catering to students in grades 9 through 12.
With its establishment dating back to 1781, it stands as one of the longest-running secondary schools in the United States and is widely regarded as one of the most prestigious institutions of its kind in the nation.
Phillips Exeter Academy boasts an enrollment of approximately 1,000 students, hailing not only from various parts of the United States but also representing 33 different foreign countries.
These students, often affectionately called “Exonians,” proudly sport maroon and gray as their school colors.
The Academy offers extensive educational opportunities, with over 450 diverse courses available across 18 academic fields.
Additionally, it provides more than 30 study-abroad programs, spanning nearly a dozen foreign countries across five continents (excluding Antarctica).
For those seeking a top-notch secondary school experience, whether for themselves or a loved one, Phillips Exeter Academy presents an excellent option.
To discover more about admission rates, tuition expenses, extracurricular offerings, and all the essential information that draws students to this renowned institution, continue reading.
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Phillips Exeter Academy Tuition
The tuition fees for the 2022-23 academic year at Phillips Exeter Academy vary depending on whether students live on campus or at home.
For those who reside on campus, the annual tuition cost is $61,121, while day students, who live off-campus and solely attend classes, pay a more affordable rate of $47,739. Choosing to live off-campus results in a savings of over $10,000.
In addition to tuition, students at Phillips Exeter Academy are responsible for purchasing necessary educational materials like books, which the school estimates will amount to around $900.
The deadline for the non-refundable enrollment deposit payment is April 10 each year.
Although attending Phillips Exeter may seem financially challenging for many families, the school is committed to making tuition accessible through various means.
Generally, tuition is due in full by the beginning of July each year. However, for those unable to make the full payment,the school offers two payment options.
The first option entails paying half of the tuition by the July 1 deadline and settling the remaining balance by November 1.
Alternatively, families can choose to spread the tuition cost across ten monthly installments, with regular payments commencing on May 15 and concluding on February 15.
Phillips Exeter Academy Acceptance Rate
Phillips Exeter Academy maintains an exceptionally low acceptance rate of 10%, firmly establishing it as one of the most highly selective secondary schools in the United States.
In contrast, the vast majority of secondary schools in the country admit a substantial portion of their applicants, with an average acceptance rate of approximately 85%.
This rigorous admission rate at Exeter should come as no surprise, considering its status as one of the most coveted secondary schools in the nation. An examination of historical admissions data reveals the school’s enduring reputation for being one of the most competitive and prestigious high schools in the country.
Despite its already impressive selectivity, the Academy’s acceptance rates have continued to decrease year by year. For instance, as reported by Insider, in 2016, Phillips Exeter had an acceptance rate of 19%.
Just a few years later, during the 2019-20 academic year, the acceptance rate further declined to 15%. While the difference between 10% and 19% might not appear substantial, these statistics indicate that the school’s acceptance rate has nearly halved over a mere six-year span.
Given this steady decline in acceptance rates in recent years, it is prudent for prospective students to recognize the high likelihood of further reductions in the future.
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