The Andover Plan

The Andover Plan provides the following payment options for a range of family situations.

Families may prepay tuition from their own resources for a student's entire Andover education at the entry level cost and benefit from no tuition increases. The family pays the first year's tuition rate times the number of years remaining; for example, four times the current tuition costs for 9th grade, three times for 10th grade, two times for 11th grade. This option is available to all families at Phillips Academy except those receiving financial aid. For the 2008-09 school year the family will receive complimentary tuition refund plan coverage.

Contact Darlene Peracchi, 978-749-4510 to find out how to participate in the Guaranteed Tuition/Single Payment Plan or e-mail the Academy at billing@andover.edu.

This payment plan offers families the option of paying the entire year's tuition and fees by July 15, 2008. Those families opting for this plan will receive complimentary tuition refund plan coverage. For more information on this plan, please contact Rebecca Marcos at 978-749-4504 or e-mail the academy at billing@andover.edu.

This payment plan requires that families pay half of tuition and fees by July 15, 2008, and the remainder of tuition and fees by December 1, 2008. For more information on this plan, please contact Rebecca Marcos at 978-749-4504 or e-mail the Academy at billing@andover.edu.

Monthly Payment Plan

The Phillips Academy Monthly Payment Plan, administered by TMS, is a convenient budget plan that divides Academy costs into 10 interest-free installments. To find out more about this plan, please log onto www.afford.com/andover or call TMS at 1-800-437-3430.

AchieverLoan® is a low-cost private loan for education, administered by Key Education Resources, offering benefits of up to a 20-year repayment term, low overall cost and easy renewal. For more information about the AchieverLoan®, log onto www.afford.com/andover or call TMS at 1-800-437-3430.

A prepGATE loan is a low rate, low-cost education loan offered by Bank of America and the First Marblehead Corporation with a 20-year repayment schedule. To learn more about the prepGATE education loan, log onto www.prepgate.com or call 888-353-GATE (888-353-4283).