Utilities

Branding

Location

Les Hommes De Foi

Off Canvas Navigation Container

Close Trigger (container)

De La Salle President | Monthly Letter


March 4, 2021


President Mark DeMarco '78 Headshot

Dear Parents and Guardians,

What a year it has been. Thank you for your support as we managed life around a pandemic. As you know, last year there was no tuition increase – the first time in the history of the school. We, like you, figured out ways to stretch ourselves financially. However, to try to do this for two years in a row would be financially irresponsible. 

In setting next year’s budget, we seek to achieve three goals: to provide the highest-quality educational program, to meet the financial needs of our students, and to ensure the long-term financial stability of the school.

As you might know, tuition revenue covers approximately 80% of the actual cost of educating our young men. In 2020-2021, each student’s actual cost of education was underwritten by approximately $4,000, which will come from fundraising and the generosity of benefactors. Your tuition payments and our benefactors’ donations together represent a substantial investment in your son’s education. 

If our current school year (2020-21) was a typical year, we would have increased the tuition approximately 3% from the year prior, but in light of the situation last spring and the financial strain that the pandemic put on so many of our families, we made the decision not to increase our tuition. This current year, the tuition and book rental fee remained flat and totaled $20,250.

For the 2021-22 school year, tuition and book rental fees will total $21,060, an increase of 4.0%. We understand that a tuition increase may constitute a hardship for some families, which is why we will make available approximately $4.0 million in financial aid.

Our commitment to keeping tuition increases to a minimum is made possible through two focused and finely balanced efforts: (1) detailed financial budgeting and (2) the philanthropic support we receive from parents, alumni, alumni parents, grandparents, foundations, faculty, staff, and friends, thanks to the efforts of the Advancement Office which raises budget-supporting funds through the Annual Fund, the Brotherhood Fund, and endowment funds.

Our plan for the coming year, carried out in partnership with you, should enable us to balance our budget within two years without diminishing De La Salle’s trademark academic program or decreasing access to our school for students from all socioeconomic backgrounds. I hope that you will agree that we have struck an appropriate balance and that we are serving as wise stewards of De La Salle’s extraordinary resources.

In the Spirit of Saint John Baptist de La Salle, 

Mark DeMarco '78
President


 

Monthly Newsletter Archives