MONTHLY TUITION FINANCING
Tuition can be paid monthly through First Bank & Trust. Complete terms and conditions applicable to the Tuition Line Program are contained in First Bank & Trust's First Class Tuition Line Agreement. First Bank & Trust will finance the full tuition over a period of up to ten months. The rate of interest on the Tuition Line for Stuart Hall is 7.75% (annual percentage rate). The Tuition Line is computed using a simple interest calculation with daily interest accrual. Your loan may be paid in full at anytime with no prepayment penalty. Payments are due on or before the first of each month, beginning July 1st. You will not be charged an application or origination fee on the Tuition Line. There will be a $15.00 Annual Fee assessed on the funding date of the line. Payments may be made by mail, online or in person at any First Bank & Trust Branch.
Enrolled families may begin the online process for obtaining monthly Tuition Financing by logging in here.
Please note that even if you had a tuition bank loan with First Bank in any prior year, you must reapply for your loan each year. Tuition Refund Insurance must be purchased by all families obtaining a tuition bank loan. The cost of this insurance is included in the fees online.
Financial assistance to qualified parents and children is important to the Stuart Hall School for Boys. The application forms must be completed (by both parents if there is a separation or divorce) and returned to the school by April 15th of each preceding school year. Please note that even if you received financial assistance in any prior year, you must reapply each year. Each applicant must complete and submit the following items each year in order to be considered for financial assistance: (1) parents must complete the online process through ISM's Financial Aid for School Tuition (FAST/ISM), (2) parents must complete the Stuart Hall financial assistance application, which supplements the information provided to FAST/ISM, and (3) IRS form 1040 and all supporting tax schedules for the prior year must be submitted to FAST/ISM. The Financial Assistance Committee will not consider a request for financial assistance until all three of these requirements are met. Financial assistance is based on financial need and number of children. The maximum financial assistance that any student may receive is 50% of tuition only. Parents receiving financial assistance must participate fully in the life of the school with specific support to such programs as the Auction and the Stuart Hall Annual Giving Drive. Parents receiving financial assistance are expected to serve on committees that assist the school and to be ready to donate their time and services.
Stuart Hall School does not discriminate on the basis of race, color, national or ethnic origin in the administration of its financial assistance program, educational policies, admissions policies and other school-administered programs. It admits students of any race, color, national or ethnic origin to all rights, privileges, programs, and activities generally accorded or made available to students at the school.