Tuition & Financial Aid

At Choate our goal is to provide the finest academic programs and retain the most talented faculty in the country, while keeping tuition affordable so that we continue to attract the best students.

Every effort is made to keep tuition as low as possible, while still delivering the outstanding educational experience that you and your son or daughter expect from Choate.

We recognize the investment parents continue to make on their children’s behalf. To that end, our financial aid budget has increased to $10.6 million, the largest in school history, with substantial awards granted to 33% of our students and families.

Tuition and Fees - 2014/15 Academic Year

  Boarding   Day  
Tuition $ 51,950     $ 40,000  
Technology Fee $ 750   $ 750  
Health Fee $ 140   $ 90  
         
Total Tuition and Fees $ 52,840   $ 40,840  
         

Additional Costs

Books and Academic Supplies — The anticipated cost of $850 is based on the current price of books and supplies purchased in the Choate School Store.

iPad — All Choate students are required to have the latest generation iPad.

Health Insurance Plan A ($240) is a partial primary insurance; it is an addendum to a family’s current health coverage. Plan B ($979) is a primary insurance plan and is required of all international students.

Laundry — Students have an option to purchase a laundry plan or may choose to do their own laundry free of charge on campus.

Payment Schedule

Payment Schedule
  Boarding   Day   Due Date
Non-Refundable Deposit $ 5,120   $ 3,970 April 10, 2013
First Payment $ 25,620   $ 19,830 July 15, 2013
Final Payment $ 20,500   $ 15,850 Nov. 15, 2013
         
Total Payments $ 51,240   $ 39,650  
         
         
A 1% Discount is available if paid in full prior to July 1, 2013
Boarding Discount $ 460      
Day Discount $ 360      

Payment Options

One Payment Plan — This plan is for families who would like to make one payment for all yearly tuition and fees by July 1. Families utilizing this option will receive a 1% discount on the tuition and fees (less the non-refundable deposit).

Two Payment Plan — This plan requires families to pay 50% of all yearly tuition and fees by July 15 and the remaining balance of tuition and fees by November 15.


Smart Tuition Monthly Payment Plan — Choate offers a 9-month payment plan administered by Smart Tuition. This is a budget plan that divides the total yearly tuition and fees into nine equal installments and paid by direct debit to Smart Tuition.

Families may choose payment dates of either the 1st or the 15th of each month beginning in June. There is no interest charge; however a $45 application fee payable to Smart Tuition is required.

If you sign up after June 1 a late fee of $100 is charged by Smart Tuition. For more information contact Smart Tuition — (888) 868-8828/ www.parents.smarttuition.com.

Beyond the Classroom Fund

All Choate students, regardless of whether they receive financial aid, are eligible to apply for support from The Beyond the Classroom Fund. The purpose of this fund is to support a student’s full participation in the Choate experience.

To ease the financial burden of a Choate student's participation in distinct, valuable opportunities that are associated with, and enhance, the student's academic, athletic and extracurricular involvements, a student may apply to this fund to cover non-tuition associated costs.

At the discretion of the Dean of Students, the Fund may also be used to provide financial support to a student facing emergency circumstances.