Tuition, Scholarships, Endowment, and Financial Aid
Base tuition for the 2011–2012 school year is $46,950 for boarding students and $35,150 for day students. Forty-nine percent of Academy students receive financial aid (need-based/merit). Merit scholarships are offered, including the Regents Merit Scholarship, a selective “full-ride” scholarship decided by a student’s academic promise, the Legacy Scholarship, established by H. F. Lenfest, awarded to a student whose parents or grandparents are alumni of the school and The Mercersburg Scholarship, awarded to a day student entering the ninth or tenth grade. The school’s current financial endowment is $198 million.
Read more about this topic: Mercersburg Academy
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