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Business Office Financial Information

Oak Hill Academy strives to keep our costs on the lower end of the boarding school spectrum, providing an affordable option to families seeking excellence in education and adolescent development.

 

2016-17 SCHEDULE OF FEES

Tuition, Room, Board…………………………………………………………………… $29,860.00#
#Students accepted prior to June 5, 2016, who pay the reservation deposit by that date, receive a $500 tuition discount.

Tuition Insurance……………………………………………………………………………… 2,374.00

Allowance Account Deposit…………………………………………………………………. 660.00

Expense Account Deposit…………………………………………………………………. 1,998.00

TOTAL DUE OAK HILL ACADEMY…………………………………….………$34,892.00*

*Additional NEW student fees due with reservation deposit:
Dell Computer and Software Fee – $965.00
Uniform Package Fee – $1,245.00

Oak Hill Academy is committed to assisting families in their efforts to secure quality education. To this end we offer several defined payment plans.  If one of these plans does not fit the needs of your family, we will work with you on an individual basis to develop a workable plan. Early enrollees benefit from a tuition discount plus the opportunity to pay on a monthly interest-free payment plan.  Please feel free to contact Rhonda Bowen, Director of Financial Affairs, to discuss your plan.

PAYMENT PLANS AVAILABLE

DEFINITIONS OF FEES AND ACCOUNTS

Tuition, Room, Board

The total cost of tuition, room, and board is charged to this account.  Any financial aid or scholarship awarded applies to this account.  Families utilizing payment plans receive monthly invoices, with payments due the 5th of each applicable month.

Tuition Insurance

Tuition Refund Insurance provides a prorated return of tuition to the family in the case that the student is withdrawn from school for a variety of reasons.  Oak Hill Academy partners with A.W.G. Dewar, Inc. to provide this service.

Student Allowance Account

Students receive a weekly allowance of $20 through the Business Office from the $660 deposit required upon entrance.  These funds may be used for the student’s personal needs, purchases in the campus store, off-hill trips, etc.

The allowance is given to the student in cash and is managed by the student.

Student Expense Account

The Student Expense Account is designed to assist in management of individual finances and daily needs of the student. Charges applied to this account throughout the year include, but are not limited to, books and class fees, Welcome Pack (bookbag & pullover), Yearbook, Student Accident Insurance, Technology Fee, Spring Formal Fee, Graduation Fee, required class supplies, testing fees (e.g., PSAT, TOEFL), haircuts, special school trips, sports team expenses, and cash releases to the student approved by the parent or guardian. Additionally, charges approved by the parent for activities such as paintball, trail rides, ski club, and campus store charge accounts are charged to the Student Expense Account.

The initial deposit to the expense account is a deposit only and is not indicative of an expected usage amount.  Replenishment of the account will be necessary throughout the year as funds are used.  Monthly statements are issued and deposits to the account will be requested when the account balance drops below $400.

The Student Expense Account is managed by the Business Office in conjunction with the parents. Students do not have direct access to these funds.

Student Personal Account

Students are encouraged to save a portion of their weekly allowance and place it on deposit in a Personal Account in the Business Office.  This helps to ensure that the student has funds available to participate in activities that are offered at a nominal cost (e.g., off-hill dinner trips, bowling, etc.).  Students also should not have more than $20 in cash in their possession.  Monies provided to the student by the parents or relatives must be deposited in a personal account.

The Student Personal Account is managed by the student.  It functions much like a bank account, as students can deposit and withdraw cash from their accounts as needed.

Computer and Software Fee

All students are required to purchase a school-issued laptop computer and accompanying software.  The laptops are configured to our specifications and will be used both academically and residentially.  (View laptop program details.)

School Uniform Package

New enrollees are required to purchase a school uniform package.  This is a one-time fee, with additional purchases made on an as-needed basis throughout the student’s enrollment at Oak Hill.

 

Contacts:

Rhonda H. Bowen, Director of Financial Affairs    rbowen@oak-hill.net

Paula H. Phelps, Student Expense Accounts        pphelps@oak-hill.net

Laura E. Phipps, Student Tuition Accounts            lphipps@oak-hill.net

 

Mrs. Rhonda Bowen
Director of Financial Affairs