9% Reduction in Need-Based Financial Aid
Median Need-Based Financial Aid Discount (need-based aid as a percentage of gross tuition revenue) decreased 9% this year, falling from 13.3% in 2020-21 to 12.1% in 2021-22. This is the first time in INDEX’s history that there has been a decrease in the Need-Based Aid Discount Rate. [INDEX Annual Report>Financial Assistance]
4% Reduction in Need-Based Aid Recipients
The median Percentage of Students Receiving Need-Based Financial Aid decreased 4% this school year, falling from 21.4% in 2020-21 to 20.5% in 2021-22. Again, an INDEX first. [INDEX Annual Report>Financial Assistance]
67% Increase in Time Spent in Advisories
Over the last 5 years, the Average Time Spent in Advisories in the Lower School (grade 2) increased 67%. The Middle School (grade 5) and Upper School (grades 9-12) increased Average Time Spent in Advisories by 22%. [INDEX Annual Report>Faculty>Teaching Workload]
26% Increase in Students of Color
The Percentage of Students of Color at INDEX schools grew 26% in the last 5 years, from a median of 27% of total enrollment in 2016-17 to 34% of enrollment in 2021-22. [INDEX Annual Report>Admissions>Student Diversity]
31% Increase in Teachers of Color
The Percentage of Teachers of Color at INDEX schools grew 31% over the last 5 years, from a median of 13% of total faculty in 2016-17 to 17% of faculty in 2021-22. [INDEX Annual Report>Personnel>Teacher Diversity]