A St. Michael’s education is a major investment in your child’s future. It is also a commitment of a family’s resources. We understand this and are committed to making our outstanding independent school experience affordable to families. You will find that while the quality of our program is high, our tuition is lower than other Richmond independent schools of our caliber.
As an independent school, St. Michael’s is supported by tuition, fees and charitable gifts. Tuition covers approximately 90% of the cost of a St. Michael’s education, with the balance funded through tax-deductible Annual Giving and other sources. St. Michael’s parents recognize that Annual Giving and periodic capital campaigns are an essential part of their commitment to St. Michael’s School and give generously every year.
St. Michael’s has a long history of prudent financial stewardship. As a K-8 school, we do not have to carry the high costs and broad offerings of high school AP classes and faculty. Additionally, we invest in tried and true educational programs and proven practices versus chasing trendy educational or organizational philosophies.
St. Michael’s provides families with a variety of financing options, including payment plans and financial assistance.
|PAYMENT PLAN I||PAYMENT PLAN II||PAYMENT PLAN III|
|Payment in Full||Payment in Three Installments
(due in July, September, and November)
|Payment in Ten Consecutive Monthly Payments*
(*Interest is charged on this installment plan.)
St. Michael’s offers a plan that allows parents to purchase tuition insurance for a nominal fee. If, for any reason, a student withdraws from St. Michael’s during the course of the academic year, both parents and the School would be assured the continuation of tuition payments.
Students are accepted into St. Michael’s based on academic merit, test scores, teacher evaluations and personal qualities. A limited amount of financial aid is available for qualifying students through a scholarship program. Awards are based on need and are determined by the School’s Financial Aid Committee. All information is kept strictly confidential. Please note that while the School does its best to meet need requests, St. Michael’s cannot guarantee to meet every dollar of need. While families are encouraged to apply for financial aid as early as possible because of limited funds, financial aid decisions are not made until after a student has been accepted.
To apply for financial aid, please complete the following two forms:
|Grades 1 – 5||$11,470|
|Grades 6 – 8||$12,250|
|Deposit The deposit is required with the signed contract. This amount is applied to the student’s tuition for the school year.||$500|
Each family is assessed a first time enrollment fee which must accompany the signed contract.
|Additional children||No charge|
|Book and Materials Fee||$339|
|Lower School Activity Fee (grades K-5) Field trips/Curricular activities, Yearbook, School directory, and Parents’ Association dues, due with July 15 payment||$142|
|Middle School Activity Fee (grades 6-8) Field trips/Curricular activities, Yearbook, School directory, and Parents’ Association dues, due with July 15 payment||$158|
Financial Aid is available for qualifying students through a scholarship program. Awards are based on need and are determined by the School’s Financial Aid Committee. All information is kept strictly confidential.
To apply for Financial Aid, please complete the following two forms: