Financial Aid FAQs
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?
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. All newly enrolled financial aid students will receive a stipend towards the purchase of a computer.
What if a family’s income rises over $75k during the year?
Exeter is still free during that year. However, with the increase in income, a family′s contribution in the next year will be determined by Exeter′ usual financial aid process.
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?
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.
Who can a family contact at the Financial Aid Office to learn more?
For further information contact John Hutchins, Exeter’s director of financial aid, at (603-777-3434) or firstname.lastname@example.org.