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
Famous quotes containing the words financial and/or aid:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)
“Under the pressure of the cares and sorrows of our mortal condition, men have at all times, and in all countries, called in some physical aid to their moral consolations—wine, beer, opium, brandy, or tobacco.”
—Edmund Burke (1729–1797)