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Business Office Financial Information

Oak Hill Academy strives to keep costs on the lower end of the boarding school spectrum. Our aim is to provide an affordable option to families seeking excellence in education and adolescent development.

 

2020-2021 Tuition & Fees

For domestic students (See information for International students HERE.)

Tuition, Room, Board and fees……………………………………………………….. $36,974.00#

#Students accepted prior to June 5, 2020, and who make the Initial Payment by that date, receive a $750 tuition discount.

Allowance Account Deposit…………………………………………………………………. 825.00

Expense Account Deposit…………………………………………………………………. 2,119.00

TOTAL DUE OAK HILL ACADEMY…………………………………….…..……..$39,918.00*

*Additional NEW student Uniform Fee of $1652 is due with Initial Payment.

COVID UPDATE:

In consideration of unexpected family situations, Oak Hill Academy is pleased to offer discounted, interest-free payment plans for tuition and fees. Please contact Mrs. Bowen in the OHA Business Office at (276) 579-2619 or at rbowen@oak-hill.net.

SEE REVISED PAYMENT PLANS AVAILABLE

Oak Hill Academy is committed to assisting families in their efforts to secure quality education. To this end we offer several defined payment plans. Early enrollees benefit from a tuition discount, and have 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.


DEFINITIONS OF FEES AND ACCOUNTS

Tuition, Room, Board and Fees
The total cost of tuition, room, board and fees is charged to this account.  Any financial aid or scholarship applies to this account.  Families opting for payment plans receive monthly invoices, and payments are due the 5th of each applicable month.

Note: Included as a part of the enrollment fees, families are provided Tuition Refund Insurance to protect your tuition commitment against unforeseen withdrawal or dismissal.

Student Allowance Account
Families pay a deposit of $825 to the Allowance Account to fund it for the year. Students receive a weekly allowance credit of $25 through the Business Office.  Students manage this account, and may use it for things like personal needs, purchases in the Campus Store, activities and off-hill trips.

Student Expense Account
The Student Expense Account finances the daily needs of the student. Charges to this account include, but are not limited to, books and class fees, Welcome Pack (backpacks & pullover), Yearbook, Student Accident Insurance, Technology Fee, Spring Formal Fee, Graduation Fee, required school supplies, testing fees (PSAT and TOEFL, for example), haircuts, field trips and sports team expenses.  Parents/guardians may authorize charges to the account for paintball, trail rides, ski club, and Campus Store charge accounts. Parents/guardians also may approve cash releases to the student if funds are available.

The required initial deposit to the Student Expense Account is a deposit only. Replenishment of the account will be necessary as funds are used.  Families receive monthly statements, and we will request a deposit when the balance drops below $400.

The Business Office manages the Student Expense Account in conjunction with parents/ guardians. Students do not have direct access to these funds.

Student Personal Account
Excess cash, including monies provided to the student by parents or relatives, must be deposited into a Personal Account in the Business Office for safekeeping. The Personal Account is separate from the Allowance Account and the Expense Account.

The Student Personal Account is managed by the student.  It functions much like a bank account, so the student can deposit and withdraw cash from his/her account as needed.

School Uniform Package
New enrollees must purchase a New Student Uniform Package.  This is a one-time fee, but additional purchases on an as-needed basis can be made throughout the student’s enrollment at Oak Hill.

 

Contacts:

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

Elly Tucker, Student Expense Accounts                  etucker@oak-hill.net

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

 

Mrs. Rhonda Bowen
Director of Financial Affairs

All tuition payment plans are administered through FACTS Tuition Management Company. Click the image for information and registration instructions.