[The University of the South] The Board of Regents of the University of the South approved a tuition change for The School of Theology that reduces the tuition from $18,730 to $14,980 per year for new students beginning in the 2012-13 academic year.

New students paying the reduced tuition of $14,980 will also be eligible for need-based financial aid, not only to cover tuition, but also for living expenses while at Sewanee, once all sources of a student’s income and expenses are identified.

It is the school’s financial aid practice to meet a very high percentage of demonstrated financial need and that will continue.

This change brings The School of Theology’s tuition in line with other Episcopal seminaries. The school previously offered a tuition discount to all entering students.

“Reducing our advertised tuition and eliminating the across the board discount allows us to focus financial aid assistance based on our students’ demonstrated need,” explained the Very Rev. William S. Stafford, dean of The School of Theology. “Combined with our generous scholarships, the cost of attendance here for most students is far lower than in many other schools; very few students need to borrow. The Anglican tradition of serious, formative education for priests is in fact affordable here at Sewanee.”