Tuition Discounting Report

for PK-12 Independent Schools: 2021-2023

Independent school business leaders need context to fully understand their school’s tuition discounting practices. Is the rate healthy, or does the school need to adjust its practices to remain financially viable? Whether it’s your business office and admissions team considering financial aid policies and practices for the coming year or your board and administrative team setting tuition and considering long-term financial sustainability, this report is essential to informed leadership conversations and decisions around tuition. 

In this exclusive report from NBOA, you’ll find analysis of national trends in: 

  • Tuition discounting rates
  • Types of tuition discounting
  • Students receiving discounts
  • Funding need-based financial aid and merit aid
  • Enrollment, tuition and fees and discounting. 
A benchmarking worksheet includes formulas to help you calculate your school’s overall tuition discount rate and discount rates by division, as well as strategic discussion questions for your leadership team or board.

The fully updated report is based on financial data from 439 member schools in NBOA’s Business Intelligence for Independent Schools (BIIS) data reporting platform.

Schools with a boarding component may be interested in the supplement: "Tuition Discounting Report for Independent PK-12 Independent Boarding Schools: 2021-2023," which focuses exclusively on the context of boarding schools. 

THIS REPORT IS FREE FOR NBOA MEMBERS. MEMBERS SHOULD SIGN INTO WEBSITE TO ACCESS THE REPORT.

Released: 2024

Cover of the Tuition Discounting Report

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