Groton’s Board of Trustees recognized that tuition at Groton, like tuition at so many independent schools, colleges, and universities, was spiraling out of control. Groton’s leaders were determined to contain tuition growth, and to inspire others to consider doing the same.
After one year of the three-year freeze, Groton’s tuition retreated from the #1 to the #14 position among peer schools, and after the second year of the freeze, tuition was at #29.
Underlying the board discussions was recognition that while freezing tuition has a cost, so does raising tuition. “A tuition freeze isn’t a cost, it is a forgone revenue opportunity.” says Groton School Trustee William Gray P’15. “Raising tuition has a more important opportunity cost, in the form of a more restricted applicant pool.”