Sewanee, one of the historic seminaries of the Episcopal Church has announced that it is acting to bring its costs to students more in line with the costs of other Episcopal seminaries and will be dropping its tuition by nearly $4,000 (more than 20%).
"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.
[…]“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.”"
The article by ENS reports that students will still be eligible for additional financial aid as they were before the tuition cut.