Vermont Academy | Affording Vermont Academy

List of 4 items.

Tuition & Fees

2023-24 Tuition
Boarding Students: $69,500
Day Students: $38,000

Health Insurance
All international students must enroll in a health insurance plan covering the period of time that the student plans to reside in the United States.

10 month plan: $2,295.00
12 month plan: $2,560.00

Optional for domestic students.

Fees
Incidental fees are listed below. Rates are subject to change without notice.

Fees include but are not limited to the following:
Art Classes: $35 per trimester
Black & White Photo Lab Fee: $35 per trimester
Dance: $100 per season
Electronic Music: $40 per trimester
English as a Second Language: $650.00 per trimester
Equestrian: $1,500 per season
Filmmaking: $35 per trimester
Golf: $350 per season
International Student Fee: $2,950 per year
Learning Skills: $950 - $3,800 per trimester
Music Lessons: $35 per lesson
Physics Mechanics Lab Fee: $85 per year
Pottery: $30 per trimester
Robotics Lab Fee: $160 per year
Skiing/Snowboarding: $450 to $2,400 per season
Yearbook: $25
Our Financial Aid Policy

Education is an investment, and families should expect to contribute to the cost of their child’s education. A Vermont Academy education offers students the opportunity to be known, inspired, supported, and part of something bigger. We are committed to providing an outstanding student-centered experience where the values and student outcomes are tangible.

Approximately 40% of Vermont Academy students receive financial aid, totaling 3.5 million dollars in awards annually.

Financial Aid grants are determined by a family’s demonstrated need, the merit of the applicant, and many other factors, after thoughtful consideration by the financial aid committee. To fairly and objectively determine a family’s demonstrated need, Vermont Academy partners with School and Student Service for Financial Aid (SSS), a third-party financial aid assessment organization. Each family completes a Parents’ Financial Aid Statement (PFS) and submits it to SSS by NAIS for Parents.

Families should request to have their PFS sent to Vermont Academy (School Code: 7936).

Although Vermont Academy benefits from a considerable financial aid budget, there is no guarantee that the full amount a family qualifies for will be granted in financial assistance.
The Vermont Scholars Program
Giving Vermont Students a Superior Education

The Scholarship:
- A merit scholarship opportunity for students who live in Vermont
- Merit scholarships range from $5,000-$16,000 annually
- No additional application is required, students residing in Vermont are automatically considered for the merit scholarship at the time of application
- Students must submit their application by the deadline to be considered for the merit scholarship
- The scholarship is renewable annually for up to four years, for students who remain in good academic and community standing
- Families still have the opportunity to apply for need-based financial aid
- Families living in sending/tuitioning towns can potentially further reduce the cost of investing in a Vermont Academy education by the amount of their town’s contribution.
Financial Aid Calendar Important Dates

Timeline for Returning Students
February 1
Submit completed Parent Financial Statement (PFS) to SSS by NAIS for Parents as well as tax returns and income verification documents.

Timeline for New Students
February 1
Submit a completed application for admission.

Submit completed Parent Financial Statement (PFS) to SSS by NAIS for Parents indicating Vermont Academy as a recipient (School Code: 7936).

February 15
Submit tax returns and income verification documents to SSS by NAIS for Parents.

March 10
Financial Aid decisions are sent to newly admitted. students with admissions decisions

FAQs

List of 9 frequently asked questions.

Q. What is the financial aid process for international students?

Vermont Academy offers limited financial aid to international students. International families must complete the Parent Financial Statement (PFS) and the International Student Financial Aid Profile. International families will need to provide income verification as per the International Student Financial Aid Profile. All currency figures must be converted to US dollars, and verification documents must be converted to English.
Q. Are returning families required to reapply for financial aid each year?

Returning families must reapply for financial aid each year. Families must submit the Parent Financial Statement (PFS) and all tax and income verification documents by February 1.
Q. What kind of financial aid can a family expect after their first year?

Vermont Academy will award a similar financial aid award each year, assuming a family’s financial circumstances do not change. Families enrolling at Vermont Academy should be aware that it is unlikely they will receive more financial aid than their original award in future years. Vermont Academy reserves the right to decrease an applicant’s award if a family’s financial situation changes for the better. Vermont Academy also expects students to remain in good academic and community standing to be considered for financial aid each year enrolled at Vermont Academy.
Q. Is it still possible to apply for financial assistance if we missed the deadlines?

Yes, it is still possible to apply after the deadline. However, there is no guarantee that financial aid will be available for late applicants, so we encourage you to submit all documents on time.
Q. What if the parents of the applicant are divorced or separated?

If parents are divorced or separated, both parents are required to submit a complete and separate Parent Financial Statement (PFS).
Q. Is the information submitted on the financial aid application confidential?

All financial information is kept confidential and only reviewed by the financial aid committee.
Q. Does Vermont Academy offer payment plans?

Vermont Academy does offer payment plans. Tuition is paid through Blackbaud Tuition Management BTM (formerly known as Smart Tuition).

Vermont Academy offers three different payment plans.

Payment in full
Requires carrying tuition insurance (TIP) unless opting out.

11 payments (from May through March)
Requires carrying tuition insurance (TIP) **

There are also rolling admission payment plans. If enrolling in May, it becomes a 10 payment plan; if enrolling in June, it becomes a 9 payment plan, and so forth.

2 Payment Plan
60% due by July 16th and the remaining 40% due by December 25 - Requires carrying tuition insurance (TIP)
Q. Does Vermont Academy offer loans or other financing options?

The payment plan is considered a loan. There are no points or interest on these education loans, however, they are required to carry the TIP.
Q. Questions?

Please direct any questions regarding financial aid to Director of Admissions, Nora Dock at 802-869-6258 or nora.dock@vermontacademy.org.