Our Financial Model
“Because thou hast been faithful over a few things, I will place thee over many things: enter thou into the joy of thy lord.” —Mt 25:21
We don’t do tuition like other colleges. Focusing on reducing costs and offering a trajectory that includes students earning income as part of their education, we not only promise a loan free graduation, but make possible a net positive departure from our school.
San Damiano Student expenses vs. student earnings
San Damiano vs. average cost of other degrees
How will I Pay?
We follow a pay-as-you-earn model: your payments begin lower to match your earnings. The Total cost for attendance is $25,000 per year, including tuition and room and board. As your wage and hours increase, you pay a greater part of the total education cost, which is distributed proportionately across your three years. An example payment scenario is below.
Year 1
Pre-matriculation summer earnings payment:
$5,000
1st Academic year payments:
$1,150 per month
Total 1st year payments:
$15,350
Year 2
Summer earnings payment:
$10,000
2nd Academic year payments:
$1,425 per month
Total 2nd year payments:
$22,825
Year 3
Summer earnings payment:
$12,000
3rd Academic year payments:
$2,758 per month
Total 3rd year payments:
$36,825
Total Cost of Attendance & Earnings Summary
Total Cost of attendance: $75,000 ($25,000 per year)
Total projected earnings: $80,400
Net gain by graduation: $5,400.
