Tuition Adjustment Showing Dividends For Academy

Tuition Adjustment Showing Dividends For Academy


Cheshire Academy announced earlier this year that its enrollment has increased for the current academic year — a result of a recent tuition reset.

Cheshire Academy opened the 2022-2023 school year with 343 students enrolled, up nearly 15% from last year, according to school officials. Compared to last year's new enrollees, 75 new day students include 12 from Cheshire, two from Southington, and one from Meriden. Thirteen new students come from Hamden.

The Academy’s website describes its tuition reset this way: “Over the past 10 years, while average incomes in the United States saw only modest increases, day and boarding tuitions at private schools increased, on average, more than 40%.”

“In essence, during a decade when everything became moderately more expensive, the sticker price for private school increased dramatically. This trend can’t continue. We believe it’s time for a change,” the statement continues.   

The website also states that Cheshire Academy is the first independent high school in the state to lower tuition. The school attracts students from all over the world.

In October 2021, Cheshire Academy announced a move to cut tuition for all students, starting in the 2022-2023 academic year, to better align tuition with the income levels of more families within the region. The Academy reports that the strategy is working, especially for local families.

Day tuition was reduced by one third and boarding tuition by 10%.

The intent was to make the Academy more affordable and accessible in order to give more families, and a wider range of students, the opportunity to attend the private school.

Day school tuition was dropped from $42,320 to $29,850. Seven-day boarding tuition was reduced from $63,600 to $57,250.

The fIve-day boarding fee of $55,250 did not change. There’s an additional $10,000 fee for international students. Financial aid and merit scholarships applications are available.



 

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