Tuition & Financial Aid
Affording The Academy at Penguin Hall
An Academy education is an investment in your daughter’s academic and personal development that does not depreciate over time. In fact, this investment grows in value throughout the course of her lifetime as she pursues her advanced education, a rewarding career and most importantly, enjoys a balanced and satisfying life.
Tuition for The Academy at Penguin Hall offers an unparalleled value among private schools on the North Shore. Tuition for the 2018-2019 school year is $22,800 including all academic fees and lunch. There are additional fees for transportation.
At The Academy, we recognize that when choosing a private, independent school, finances play an important role in the decision. The Academy at Penguin Hall strives to make its educational experience attainable to as many families as possible. Listed below are some possible resources for affording The Academy at Penguin Hall including financial aid. Families should seek all possible resources of financing an Academy education before applying for financial aid.
- Your Tuition Solution offers flexible, budget-friendly short and long term loans specifically for private education.
- 529 plans can be used for private elementary and high school tuition: The Tax Cuts and Jobs Act, which was signed into law in December 2017, allows families to use 529 plans to pay for up to $10,000 in tuition expenses at elementary or secondary public, private or parochial schools. The changes became effective January 1, 2018.
- Home Equity lines of credit: families should investigate if a home equity line of credit could be used towards tuition.
Financial Aid Responsibility
The primary responsibility for tuition rests with the student’s family; however, we recognize that families may require financial assistance to enable enrollment at The Academy at Penguin Hall. For all families, full participation is expected of both biological parents, stepparents and/or the adults with whom the child lives, has custody or has financial influence and responsibility in the student’s life.
In the process of evaluating a family’s financial situation, the financial aid process requires the complete documentation of all parties and the full transparency of all those identified in the categories listed above, regardless of divorce, separation or estrangement. Documentation and transparency are also required if other parties with a relationship to the child or their family (grandparents, friends, etc.) will be involved in funding all or part of tuition. A financial aid award will not be issued unless we have required information from all parties.
Apply for Financial Aid
Financial aid is available and awards are based on a family’s demonstrated financial need as determined by FACTS Grant and Aid Assessment Service. Families should identify all possible resources for funding a Penguin Hall education before seeking financial assistance from the school. To apply for financial aid, please visit the FACTS Portal and complete your application.
The Academy at Penguin Hall offers a convenient, online method through Smart Tuition for the processing and collection of tuition and fees. Enrolling in Smart Tuition allows you to select a payment option that best suits your financial needs.
We offer three tuition payment plans for the academic year:
Plan A* – Traditional Payment Plan
Pay the full year tuition on or before August 1.
Plan B* – 2 Installments Payment Plan
This plan allows for payment of tuition charges in two installments. Payment of 50% is due in August and the remaining 50% is due in November.
Plan C*– Monthly Payment Plan
The Academy at Penguin Hall partners with Smart Tuition to provide you with this affordable and convenient option. This plan allows you to pay 10 monthly installments beginning in July of and continuing through April. No interest charges are associated with this plan. You will be charged a minor origination fee of $50 collected by Smart Tuition.
*The non-refundable enrollment deposit will be credited against total tuition charges. The deposit is 10% of net tuition.
The Academy at Penguin Hall has several scholarships available on an annual basis for qualified applicants. Applicants are automatically considered for scholarships during the admissions process. Scholarships are renewable over four years and are applied to tuition.
Presidential Scholarship – $5000
This Scholarship seeks applicants who are confident collaborative thinkers who bring to The Academy a proven record of academic achievement, leadership, community and extra-curricular involvement. The Presidential Scholarship is only awarded to an early admission candidate who demonstrates achievement in at least two of the six program areas. All early admission candidates will be considered provided that all application requirements are complete by November 16, 2018. The Presidential Scholar will be announced on December 14, 2018.
Founder’s Scholarship – $5000
This Scholarship is awarded to that student who possesses a love of learning and a deep commitment to personal and intellectual growth. Her record of achievement is marked by passion, grit, and perseverance as she reaches for an education that will enlighten and empower her.
Dean of Academics Scholarship – $2500
This Scholarship is awarded to that student who demonstrates high academic achievement, creativity, leadership in the classroom, and a unique global perspective that will enrich the academic discourse at The Academy at Penguin Hall.
Dean of Student Life Scholarship – $2500
This Scholarship is awarded to that student who demonstrates a purposeful and significant commitment to enhancing student life through leadership and creative initiatives that positively impact her school community.