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.
3. Yearly Tuition and Related Fees
| Kindergarten | $15,350 |
| Grades 1 – 5 | $15,350 |
| Grades 6 – 8 | $16,800 |
| 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.
| 1st child | $1,000 |
| 2nd child | $500 |
| Additional children | No charge |
| Book and Materials Fee (Gr K-8) Includes digital learning subscriptions, curriculum/classroom materials | $410 |
| Lower School Activity Fee (Gr K-5) Field trips/curricular activities, yearbook, school directory, and Parents’ Association dues, due with July 15 payment | $180 |
| Middle School Activity Fee (Gr 6-8) Field trips/curricular activities, yearbook, school directory, and Parents’ Association dues, due with July 15 payment | $200 |
| Lower School Technology Fee (Gr K-5) As part of our 1:1 computer program, families of Lower School students must also purchase a school-supplied Tablet or Chromebook laptop. | $78/year |
| Middle School Technology Fee (Gr 6-8) As part of our 1:1 computer program, families of Middle School students must also purchase a school-supplied Chromebook laptop (payable over three years in installments.) | $160-$164/year |
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.
St. Michael’s is committed to being a diverse and inclusive community, reflecting a broad socioeconomic range of families. The Financial Aid program is designed to make a St. Michael’s education possible for all families based on demonstrated financial need and the availability of funds. We partner with a service called Clarity, an impartial third-party platform, to determine a family’s level of financial need based on the information that families share in the application which includes assets, income, expenses, and debts. Submitting an inquiry or application for financial assistance has no bearing on the admission decision.
Please indicate your interest in learning more about the Financial Aid process on your admissions application. Information about applying for aid will be sent by email in December. Awards are based on need and are determined by the School’s Financial Aid Committee. All information is kept strictly confidential.