Admissions

Tuition & Financial Aid

Welcome to Vermont Academy’s tuition and financial resources information page! At Vermont Academy we are committed to helping families make this financial decision responsibly. Our mission is to create a functional balance between affordability for our families and the needs for a healthy and vibrant school. We work with families on scheduling flexible payments for tuition and fees.

Financial Aid Information

Financial aid is available to deserving students on the basis of demonstrated financial need. Approximately $2.6 million is awarded each year to one third of our student body. These awards are reviewed annually and are contingent upon continued demonstrated need, as well as good academic and social standing.

Financial aid forms and filing instructions, as well as student loan information, may be obtained from School and Student Services at NAIS (National Association of Independent Schools). These forms must be filed in early January with School Scholarship Service (SSS) in Princeton, New Jersey, in order for Vermont Academy to receive information from SSS by February 8. A copy of your tax return (1040) and all supporting documents must also be submitted to the SSS by the stated deadline. We encourage you to file early.

Student Fees

Vermont Academy is a non-profit organization, financially supported by tuition, fees, and contributions. Our mandatory and optional charges are outlined below. In reviewing these charges, we suggest you discuss with your student what optional items are reasonable for them to charge. All fees are subject to change without notice. All fees are non-refundable once enrolled.

List of 1 items.

  • Student Fees

    Learning Skills (per trimester):
    1 Session per week: $ 950
    2 Sessions per week: $1,900
    3 Sessions per week: $2,850
    4 Sessions per week: $3,800

    International Student Administration Fee: $2,950

    English as a Second Language:
    $1,950

    Electronic Music: $40/trimester

    Music Lessons: $35/lesson
    Provided by and paid directly to outside instructor.

    Art Classes: $35 a trimester

    Filmmaking: $35/trimester

    Black & White Photo Lab Fee: $35/trimester

    Pottery: $30/trimester

    Robotics Lab Fee: $160/year

    Physics Mechanics Lab Fee: $85/year

    Driver's Education: $600
    Additional costs for permits, license, and testing billed separately. No refund given once the course has begun.

    Yearbook: $25

    Athletics Charges

    USSA/USASA Alpine
    $2,300
    USSA/USASA Snowboard
    $2,300
    USSA/USASA Freestyle Ski
    $2,300
    Ski/Snowboard Lakes Region League
    $1,500
    Ski Jumping
    $450
    Nordic Skiing Lakes Region
    $450
    Nordic SkiingUSSA/NENSA
    $1,600
    Skiing/Snowboarding Recreational
    $1,150
    Equestrian
    $1,350
    Football
    $300
    Dance
    $100
    Athletic Travel - if an overnight is required
    $75-$100 approx.

FAQs

List of 10 frequently asked questions.

  • Q. What is the enrollment deposit?

    Domestic students:
    A non-refundable enrollment deposit of 10% of the total tuition, less any financial aid award, is due by the date stated in the Reservation Agreement. The deposit will be counted toward the outstanding tuition balance.

    International students:
    A non-refundable enrollment deposit of 10% of the total tuition plus a $2,950 International Student Fee is due by the date stated in the Reservation Agreement. Students from China must pay a non-refundable enrollment deposit of $10,000 plus a $2,950 International Student Fee by the date stated in the Reservation Agreement. The deposit will be counted toward the outstanding tuition balance. International families must pay the tuition in full before or on July 15, 2017.
  • Q. What is the International Student Fee?

    An International Student Fee of $2,950 is required of all international students (except those from Canada). It is non-refundable and helps to defray expenses incurred during enrollment and immigration processing, as well as other costs and expenses associated with the international program. The fee must be paid with your deposit.
  • Q. Is health insurance required for international students?

    Yes, is is required for all international students.

    Costs:

    10 months: $2,055
    12 months: $2,260
  • Q. What does Vermont Academy use for tuition and incidental billing?

    We use Smart Tuition for tuition and incidental billing; our international families can use Smart Tuition as well, because the service accepts international payments through peerTransfer ®. This streamlines the process of international tuition payments; peerTransfer® allows you to pay securely from any country and any bank, generally in your home currency. By making your payment through Smart Tuition using peerTransfer ®, you can:
    • Track your payments from start to finish
    • Save on bank fees and exchange rates
    • Contact their multilingual customer support team with any questions, day and night
  • Q. What are the important dates for admissions/financial aid applicants?

    February 1 is the date all paperwork must be received by the Admissions Office in order to be considered in the first round of applications, after which we are on “rolling admissions,” or a space-available basis. If forms are received after this date, we cannot guarantee that the file will be reviewed before our decision letters and reservation agreements are mailed on March 10. April 10 is the due date for the return of reservation agreements and deposits.
  • Q. How do I view statements of tuition, incidental fees, or payments on my account?

    Participation in Smart Tuition is compulsory for all families, there is an annual fee of $50

    You can view statements of tuition, incidental fees, and payments on your Smart Tuition account. A late fee of $45 will be assessed on all accounts not paid within the terms. An additional monthly finance charge of 1.5% may apply on all unpaid balances thereafter.
  • Q. What is a Student Spending Account?

    At Vermont Academy, we are committed to a complete education for each student, and part of that education is the ability to budget funds as well as time. We believe the Student Spending Account gives students a valuable experience with handling money and, at the same time, allows you control over your student’s spending while at school.

    The Vermont Academy Student Spending Account is based on facial recognition in our point-of-sale system and the student ID card. Purchases and withdrawals can be made as long as there is a sufficient balance in the student’s debit account; students should always have their ID cards ready to show.

    The Vermont Academy Student Spending Account can be used to make purchases at the School Store, which may include clothing, personal items, school and athletic supplies, team photos, snack foods at the VA Café, and supplementary classroom reading materials. It can also be used at the Student Bank to make withdrawals for allowance, not to exceed $20/day without permission.

    Miscellaneous charges for participation in special events and student fundraisers will be processed through the Debit Account as well.

    Parents/guardians are able to set limits on how much the student has available to spend in each area. These maximums can be set as daily, weekly, or monthly restrictions. They may be changed at any time during the school year by emailing Candy Chaples or calling 802-869-6804.

    Parents will be responsible for viewing purchases made and funding this account through the online portal of MyKidsSpending.com. If there are insufficient funds in the student’s account, the transaction may not be allowed. If the account becomes negative, a check, cash, or credit card will be required at the time of sale.

    Student Spending Worksheet
  • Q. What about Health Services/Student Insurance?

    Vermont Academy Health Services provides comprehensive health care to students, including 24-hour nursing coverage as well as an on-site medical clinic, counseling, and athletic training services. Students are required to possess domestic health insurance coverage that will reimburse preventive as well as emergency care in Vermont and New Hampshire. International students are required to purchase United Health Care insurance managed by the Academy. Parents are ultimately responsible for all charges. Charges may include: prescription drug costs and fees associated with packaging of medication, transportation to appointments, counseling services, medical supplies, and overnight nursing care. Charges are billed at the cost to provide the service. For more information and questions, contact Vermont Academy Health Services.
  • Q. What about Tuition Insurance?

    Vermont Academy has the majority of its budget committed by early September of the school year and, therefore, must follow a policy of not granting refunds of tuition or fees unless the Tuition Insurance Plan (TIP) is purchased. Parents/guardians are obligated to pay Vermont Academy’s full tuition (installment payments do not constitute pro-rated contracts) and other charges, even if a student is withdrawn or dismissed. The education experience of most students at Vermont Academy is not interrupted, but withdrawal or dismissal may, of course, occur. In the past, when it has occurred, the reasons have included:
    • Accident or sickness of student
    • Family relocation
    • Family financial reversal
    • Academic failure
    • Disciplinary action
    Vermont Academy provides TIP to safeguard the investment of parents/guardians and lessen financial hardship. The plan will credit 50 percent of the unused tuition upon a student’s separation from Vermont Academy*. This is a non-refundable, non-prorated premium. The academic year upon which refunds are based consists of 263 consecutive calendar days (including weekends, holidays and vacations) commencing with the first day of the formal academic instruction, September 4, 2017, and ending on the last day of the academic year, May 25, 2018.

    The charge for TIP is 5 percent of adjusted tuition (tuition less VA financial aid). The Tuition Insurance Plan is optional, but recommended if tuition is paid in full. Any tuition not paid in full will have the Tuition Insurance automatically charged in August. The Tuition Insurance Plan is required on all town-paid tuition regardless of how the remainder of the tuition is paid. *except: (1) war or act of war, (2) insurrection, rebellion, riot, or civil commotion, (3) any nuclear reaction, (4) epidemic disease,(5) destruction of the physical facilities of the school, or (6) closure of the school.

    Please fill out the domestic student form or the international student form and email to Candy Chaples to let us know whether or not you will participate in the Tuition Insurance Plan.
  • Q. Do you offer an Early Tuition Payment Discount?

    Yes, a discount is offered for tuition paid in full when paid by cash, check, or wire, or through Smart Tuition. Wire fees are $20. For payments made by cash, check, wire, or through Smart Tuition, and Postmarked or Received by April 11, 2017, an additional 2% discount will be deducted from the total tuition paid.

    There is no discount given on payments made with a credit card. If paying with a credit card, an additional 3.75% convenience fee will apply.

    IMPORTANT NOTE: Current families should only continue using FACTS Management to complete tuition and incidental fee payments for the 2017 – 2018 school year.

    You may view monthly tuition, see incidental fee charges or credits, and make online payments using your Smart Tuition account; there is a $50 annual administration fee per student for online access, enrollment, bookkeeping, invoice, mailing, processing, and collection and all incidental fees billed monthly. A fee of $45 will be assessed to all accounts not paid within monthly terms.