Canterbury School's Board of Trustees is pleased to announce that, for the first time in its history, the school will hold tuition flat for the 2020-21 academic year. Although this decision is based on many factors, ultimately, it is founded on a recognition that families make considerable sacrifices to send their children to Canterbury even at current tuition levels. It is also intended to ensure that the blessing of a Canterbury education is accessible to future generations
Canterbury School's Board of Trustees is pleased to announce that, for the first time in its history, the school will hold tuition flat for the 2020-21 academic year. Although this decision is based on many factors, ultimately, it is founded on a recognition that families make considerable sacrifices to send their children to Canterbury even at current tuition levels. It is also intended to ensure that the blessing of a Canterbury education is accessible to future generations.
With a focus on administrative efficiency, we are fitting our spending to their budgets — not the other way around — so that we can deliver the highest proven value in higher education. On the latter point, although it is too early to determine tuition levels beyond 2020-21, the Board is determined to hold the line, to the extent possible, going forward. We will assess tuition levels every year, as is our standard operating process, with the goal of offering a high-level education while focusing on administrative efficiency.
Canterbury's Board of Trustees Chair, Matt Wojewuczki, is a leading driver of this new initiative:
"I want to thank our Board of Trustees for approving a freeze to our tuition for the 2020-21 school year. I also want to send special thanks to the members of the Affordability Working Group, who spent countless hours this summer analyzing this important initiative. We have received feedback from parents, through surveys and otherwise, about the importance of tuition levels in the decision-making process for families. We wanted to let everyone know, as early as possible in the school year, that we heard you, and have taken definitive action. I want to also stress that this tuition freeze comes with no impact on programming."
To ensure that the tuition freeze is successful, school administration is working aggressively to manage costs, while at the same time maintaining the Canterbury Advantage: true academic excellence and accessible programming that ensure the development of a well-rounded child. Having analyzed the matter in some detail, the Board is confident that the strategies now being implemented are viable and will lead to a stronger, better school in the years to come.
Trustee, Chuck Surack, is another strong proponent of the plan:
"For most parents, providing a Canterbury education for their children represents one of their biggest investments. With lifelong benefits, both measurable and otherwise, it's plainly worth it. At the same time, it's critical that the school be a good steward of its resources. This initiative helps deliver on that promise."
Finally, in addition to holding tuition flat, Canterbury will maintain its robust financial aid program (totaling $2.75 million annually) in support of mission-appropriate students who demonstrate financial need. Affordability should never be a bar to admitting excellent students, of varying backgrounds, who enrich our school. Later this fall, we will be announcing our exciting SGO (scholarship granting organization) program that optimizes the Indiana Tax Credit Scholarship program to help fund our $2.75 million financial aid program.
With exciting initiatives afoot, Matt Wojewuczki believes all decisions start and end with the mission of Canterbury:
"Part of Canterbury's mission is to support our students in building the foundation for a life of purpose, passion, and meaning. We want to maximize their potential and we continue to do so in a number of ways, including addressing the cost of attendance and working to develop a strategic plan that solidifies a sustainable future for the institution. With these mechanisms in place, Canterbury will continue to fulfill its promise and live its mission both now and in the future."