Elite boarding schools are not only highly selective, they're also well fundedsome boast endowments even larger than those of prominent colleges.Business Insider recently published alist of the most elite boarding schools in America. The ranking was based on three metrics weighted equally:endowment, acceptance rate, and average SAT score, primarily using data fromBoardingSchoolReview.com, a website that collects information on boarding schools directly from the institutions.Here, we've re-ranked the schools based solely on endowmentto determinewhich are the country's richest.These funds, raised from generous donors and alumni, support schools' day-to-day operations and help provide financial aid to students. At Phillips Exeter Academythe No. 1 school on our list with an endowment of $1.15 billion nearly half of the student bodybenefits from financial aid.Behind Exeter, Phillips Academy Andover took the No. 2 spot on the list with an endowment of $1 billion.Read on to seethe rest of the 20richest boarding schools in America.Additional reporting by Andy Kiersz. SEE ALSO:The 50 most elite boarding schools in AmericaDON'T MISS:The 16 most selective boarding schools in America20. The Hill SchoolLocation:Pottstown, PennsylvaniaEndowment:$153 millionEnrollment: 515The Hill School primes students for "college, careers, and life" through a traditional liberal-arts education, formal dress, a student-written honor code, regularfamily-style meals, and severalsignature programs. Nearly 80% of students board at The Hill School, originally founded as "The Family Boarding School"for its pioneering decision to house students and faculty under the same roof to forgeconnection, communication, and understanding.19. The Loomis Chaffee SchoolLocation:Windsor, ConnecticutEndowment:$180 millionEnrollment: 650Above all, The Loomis Chaffee School is committed to providing top-notch academics and shaping students into their best selves. To enhance the academic experience, the school offers writing workshops, study-abroad opportunities, guided-research projects, and experiential-learning programs such as internships, volunteer work, and scholarly competitions. 18. St. Andrew's School, DelawareLocation:Middletown, DelawareEndowment:$195 millionEnrollment: 310Technology is intertwined with the curriculum at St. Andrew's School.Students use blogs to document their progress in physics, musicians send recordings to their instructors for feedback, and teachers keep in touch with their pupils through learning-management software. St. Andrew's students also gain entrance to elite colleges. New York University, Wesleyan University, and Davidson College topped the list of the most popular choices from the last four years.See the rest of the story at Business Insider
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