SALTSBURGH (KDKA) – The Kiski School has become the first boarding school in the nation to reset its tuition rate.

The all-boys school is reseting its annual tuition rate for the upcoming 2020 to 2021 academic year. Tuition will drop from $61,300 to $48,500.

READ MORE: Pittsburgh Weather: Cold Front Passes, Sunshine And Warmer Temperatures Return

In a press release, the school said the decision comes as the average tuition cost at boarding schools is increasing much faster than the median household income.

READ MORE: 4 Teens Accused Of Plotting Attack At A Pennsylvania High School On Columbine Anniversary

“Simply put, we said ‘enough is enough’ and decided it was time for a change. This tuition reset is a significant milestone in ensuring the Kiski mission continues well into the future,” Headmaster Christopher Brueningsen said in a press release.

The Kiski School’s website said the boarding school will shift to a “philanthropy-driven tuition model.”

MORE NEWS: Howard W. Hanna Jr., Founder Of Real Estate Agency Dies At 101 Years Old

The school recently completed a $35 million capital campaign.