Santa Fe Preparatory School has committed a record $750,000 to tuition assistance for the coming school year, according to Head of School, Jim Leonard. The School’s Board of Trustees approved the 2009-2010 preliminary budget last week and increased tuition assistance from 10 percent of tuition revenue to 12 percent.
“We believe Prep offers the best college preparatory education in Santa Fe and affords its graduates an exceptional range of opportunities,” said Leonard. “Making a Prep education available to all qualified students will continue to be a top priority for the School, even given the challenging economic environment,” he added.
Nearly 20 percent of Prep’s students receive tuition assistance, and the average grant amount in 2008 was $9,711. Awards are granted based on demonstrated need, and a family’s ability to pay is determined by an independent firm, School and Student Services. Students retain the same grant amount during their enrollment at Prep, adjusted for tuition increases, unless the family’s income status changes.