Tuition Rates for 2019-2020
St. Peter School offers two general options for addressing tuition costs for students in grades K-8. The first options is our Fixed Tuition Rate Plan, with eligibility for certain discounts for baptized Catholics and multiple children. This rate is adjusted annually and is calculated in relation to the Actual Cost of Education (ACE) which is the per pupil cost reflected in the prior year’s budget. The fixed tuition rates are always lower than the ACE rate because that rate is offset by Diocesan subsidies and school-based fundraising. Those who wish to pay the fixed rate can do so in a streamlined manner without any financial data verification. Those interested in our rates may call the school to arrange a meeting with the principal and/or admissions coordinator to tour the school and discuss your options.
The second tuition option is our Variable Tuition Rate Plan. With this plan, families may work with school administrators to design a tuition rate that hopefully fits their budget. Those who opt for the Variable Tuition Rate Plan must formally apply through a third party manager called FACTS. Through FACTS, applicants will be required to submit financial data such as prior year’s tax statements, W-2’s, 1099’s and other important information in order to fairly assess financial need. Upon receipt of all required documentation, school administrators- including the Pastor- will make a recommendation regarding the proposed tuition rate. Typically, returning families are asked to apply for this option no later than January 31st in a given school year. New families seeking this option may complete an application on a rolling basis. There are a few general principles that govern the Variable Tuition Rate Plan. The process for new families seeking this option is as follows:
- initial consultation with principal regarding financial concerns relating to tuition
- apply for the variable option through FACTS (click here)
- review of application by school administration
- final phone conference or conference to discuss proposed tuition rate and additional considerations
Additionally, there are a few principles that govern how we determine a variable tuition rate.
- Variable Tuition Rates are set on a yearly basis; families must apply each year through FACTS (click here to learn more).
- All families who apply for the Variable Tuition Rate can expect to still pay tuition- tuition rates will never be reduced to $0 even in great need.
- Preference for reduced tuition rates is given to parishioners of St. Peter, practicing Catholics, and larger Catholic families with demonstrable need.
- Based on information in application or other factors, we reserve the right to decline the proposed variable rate from applicants and impose the fixed rate tuition scale.
- Unless owing to unique circumstances (as determined by the school’s administration), only those who are current on the present year’s tuition are eligible for the Variable Tuition Rate
- Final determinations regarding a Variable Tuition Rate are only made when an applicant is officially registered at St. Peter School (including payment of registration fees).
The chart below summarizes important differences between the two plans.
|Fixed Rate Tuition Option||Variable Rate Tuition Option|
PreK 3 Options:
3 days a week, half day program 8:00 – 11:30 $3,435.00
5 days a week, full day program 8:00 – 2:30 $5,305.00
Children must be 3 years of age on or before September 30 and must be bathroom independent.
PreK 4 Options:
5 days a week, half day program 8:00 – 11:30 $3,535.00
5 days a week, full day program 8:00 – 2:30 $5,305.00
Children must be 4 years of age on or before September 30 and must be bathroom independent.
Tuition Frequently Asked Questions
Parents may pay tuition over a 10 or 11 month plan with Fixed or Variable option. There is also a discount for those who pay the tuition up front (Fixed Tuition Option only). The 3 methods for paying tuition are:
OPTION 1: Single payment received through FACTS by August 1st — 3% discount (Fixed Option only)
OPTION 2: FACTS tuition monthly payment plan. Payment budgeted over 10 or 11 months beginning in August. Payments can be made on the 5th or 20th of the month.
OPTION 3: Mastercard/ Discover/ American Express credit card– also processed through FACTS Tuition.
The Variable Tuition Option was designed for those who may not be able to afford the Fixed Rate Tuition Option. Those who seek this alternative must formally apply for this. This can be done online by clicking here.
The Camden Diocese establishes parameters within which the individual parishes may set their tuition rates.
The value of a truly Catholic education cannot be overstated. It’s money wisely spent. Your child’s tuition is an investment which pays lifelong tangible and intangible dividends. In the present climate, in the state of NJ, we recognize that there are some real challenges to affordability for families that pay high property taxes and/or rent. These factors are taken into consideration when one applies through the Variable Tuition Option. However, at the end of the day, it is important to realize that Catholic education, like all aspects of our faith, requires some level of sacrifice. We have found that families who value a truly Catholic education are willing to make a certain level of sacrifice and experience all the joys and blessings that come with that act of trust.
Additionally, Catholic Schools represent excellence; there is an emphasis on efficiency and accountability in our school and an unwavering commitment to our school Mission, which is to “teach, model, and nurture Gospel values within the Catholic intellectual tradition.” In addition to a strong program in the “basics,” as well as challenging programs for gifted students, St. Peter emphasizes a well-rounded virtue based educational program with emphasis on a Catholic worldview, leading a life of virtue, and building an academic community that is liturgically centered. Simply put, we cannot put a price tag on this! We hope for the day when parents are truly free, spiritually and economically, to redirect tax dollars to the kind of education that they would like their children to receive, rather than what is imposed upon them by state and federal mandates. We pray for that day!