FAQs About Financial Aid

In November, 2007 Exeter announced a new financial aid initiative that offers an Exeter education free to any accepted or current student whose family income is $75,000 or less. Learn more about this aid initiative below.

What is meant by free?

Will students now at the school benefit from the new initiative?

What if a family’s income rises over $75k during the year?

What if income falls below $75k the next year?

What if a family’s income is $75,001?

Can a family plan on the policy remaining in place during their student’s tenure at the Academy?

Can a family expect that the $75k figure will be indexed to inflation over time?

Will families’ assets other than income be considered?

How will the school handle any increase in applications this action may engender?

Who can a family contact at the Admissions Office or the Financial Aid Office to learn more?

What is meant by free?

Free means that the cost of tuition, room and board, books, as well as academic supplies, linen, health and technology fees will be covered by a financial aid award. A computer will also be covered by the financial aid award.

Will students now at the school benefit from the new initiative?

Yes, beginning in the 2008-2009 academic year.

What if a family’s income rises over $75k during the year?

Exeter is still free during that year.

What if income falls below $75k the next year?

Exeter will be free.

What if a family’s income is $75,001?

Above $75,000 a family’s contribution will be determined by Exeter's usual financial aid process. To see current family contributions at various income levels and family sizes visit www.exeter.edu/financialaid.

Can a family plan on the policy remaining in place during their student’s tenure at the Academy?

Yes. Note, however, that a family's financial aid information is updated and reviewed each spring.

Can a family expect that the $75k figure will be indexed to inflation over time?

Yes.

Will families’ assets other than income be considered?

Assets will be considered in the needs-analysis process, and families with considerable assets may be judged to be outside the spirit and intent of this initiative.

How will the school handle any increase in applications this action may engender?

While we can’t predict the volume of response, the Admissions office has established a phone bank (603-777-3437) to answer inquires and Rick Mahoney, Exeter’s director of financial aid, will now devote his full time to overseeing financial aid. His office has been relocated to the Davis Center giving the financial aid operation more space.

Who can a family contact at the Admissions Office or the Financial Aid Office to learn more?

For further information please visit www.exeter.edu/financialaid or contact Rick Mahoney, Exeter’s director of financial aid, at (603-777-3434) or pmahoney@exeter.edu.