Phillips Exeter Academy

We never stop working to make Exeter as affordable as possible. Our tuition is significantly lower than peer schools. We achieve this by limiting tuition growth and supplementing tuition dollars with annual fundraising and endowment revenues.

Approximately 45 percent of our students receive assistance each year.

Costs for Current Year

How to Apply for Financial Aid

Here’s a timeline to help you understand the process:

By Jan. 31:

• Indicate that you intend to apply for financial aid on the online application.
• Complete the Parents’ Financial Statement with School and Student Services (SSS). Note that the Parents’ Financial Statement for the next school year will not be available until October this year. Please do not complete the form for the current school year.
• Upload a complete copy of your tax returns (1040, including all forms and schedules) and W-2s, if applicable, to SSS.
• If you have either an s-corp. or a partnership on Schedule E of your return, please upload directly to SSS the K-1 and corresponding Forms 1120-S (s-corp.) or 1065 (partnership). Since these documents are not “required” within SSS, please upload them as “Additional Documents.”

Non-U.S. residents:

• Complete the Parents’ Financial Statement with School and Student Services (SSS). Note that the Parents’ Financial Statement for the next school year will not be available until October this year. Please do not complete the form for the current school year.
• For families living outside the United States and who do not file U.S. tax documents, please submit official income/asset documentation, such as foreign tax returns and/or official wage statements from employers. If tax information is in a language other than English, please submit a translated copy.
• We also ask families to complete the International Student Financial Aid Profile form.
• All supporting documents (official wage statements, the International Student Financial Aid Profile, etc.) are to be uploaded as “Additional Documents” since they are not “required” within SSS.

SSS School Code: 5764

Supplemental Information

Exeter’s financial aid program hinges on parents financing their children’s education to the extent they are able. We assume that each parent in a family will work if there are no elementary school age children in the household. Parents who are not working should be prepared to share why that is the case, and understand that Exeter may assign an income for a non-working parent in determining a family’s financial need. Please note:

• Families who anticipate needing financial aid at any time during their child’s tenure at Exeter need to apply for financial aid at the time of admission.
• Exeter considers the financial resources of both legal parents, if living, before making an award. The Academy does not feel bound by the assertion, if it is made, that one parent disclaims responsibility for educational expenses. If either legal parent remarries, we consider the obligations of that parent to his or her new family. When a parent with custody remarries, we consider the resources of the stepparent. However, we do bear in mind the obligations of the stepparent to his or her own children.
• In a divorced or separated family, a separate Parents’ Financial Statement should be submitted for each household. Please include contact information for each parent on the Gateway to Prep Schools application form.

We appreciate that every family’s situation is different. If you have questions, we are here to help. Please contact John Hutchins. If you change your mind about requesting aid, please let the Financial Aid Office know immediately.