Tuition Refund Program - Regular Session

By enrolling your student at Phillips Exeter Academy, the parent/guardian accepts the obligation for full payment of tuition and other charges for the entire academic year. A significant portion of the Academy’s costs are committed at the beginning of the school year based on student enrollment. Consequently, the school requires full payment of the year’s tuition and fees once a student is enrolled. In view of this obligation, we offer our Tuition Refund Program (TRP) to protect parents from the adverse effect of withdrawal, dismissal, or medical leave from the Academy. The Academy strongly encourages you to participate in TRP.

Parents choose to accept or decline enrollment in TRP on their student’s Enrollment Contract each year. The TRP fee is billed in May on the student's tuition and fees account and must be paid in full by July 20.

Cost 2024 - 2025

Your TRP fee is 2.5% of tuition (less any financial aid awarded). 


TRP provides for a 75% refund of the unused portion of the annual tuition (excluding the non-refundable enrollment deposit paid and any financial aid awarded) in the event of a withdrawal or dismissal for any reason subject to the following exclusions and terms.

Exclusions and Terms

  • Our TRP does not include a refund of either your enrollment deposit or any billed fees.
  • In the event of a medical leave, refunds will be issued only if the student does not return to campus for the remainder of the academic year.
  • The effective date for TRP coverage is July 1st.
  • Our TRP does not provide coverage for situations in which the Academy is unable to offer instructional or other related services for reasons beyond its control, such as, without limitation: (a) war, or any act of war, declared or undeclared; (b) insurrection, rebellion, riot, civil commotion, or any governmental order; (c) any natural or man-made disaster; (d) destruction of the physical facilities of the school; (e) pandemic, epidemic, disease, quarantine or governmental health alert; (f) any nuclear power station accident or emergency event.
  • All refunds are based on the total number of school days (including weekends, holidays, and vacation periods) beginning the first day of classes in September and ending the last day of classes in June. Refunds are applied by the Academy as follows: First, to pay the student’s outstanding tuition and fees; second, to pay any academic or other outstanding charges. Any remaining balance will be refunded to the parent(s) or guardian responsible for paying the student’s tuition costs.

Changes in TRP Election after Signing Enrollment Contract

The Finance Office must receive a signed written notice of any change in your TRP election no later than July 1.  Notices should be sent to  Any requested change in election after that date will not be honored. If you have questions about TRP, please contact Billing at 603-777-3487 or by email.