Catlin Gabel is committed to making its education affordable and encourages families to apply for admission regardless of financial circumstances. Although families bear the primary responsibility for financing their child's education to the extent they are able, the school provides need-based assistance to help bridge the gap between a family's resources and a child's total educational experience.
Financial assistance is distributed by Catlin Gabel as grants which do not have to be repaid and are based on a family's demonstrated need as calculated by School and Student Services (SSS). Parents complete the online Parent Financial Statement (PFS). Then SSS produces a Report of Family Contribution (RFC), estimating the amount a family can contribute toward the cost of their child(ren)'s tuition or the Expected Family Contribution (EFC). The SSS methodology considers many aspects of a family's financial situation including but not limited to: the incomes of both parents (taxable and non-taxable), assets held by the family, number of dependents, age of both parents, and the number of children attending tuition-charging schools. Allowances are made for living expenses, retirement, taxes, medical costs, unusual expenses, debts, and a modest standard of living.
Catlin Gabel reviews the RFC and, if necessary, makes adjustments upon review of final tax documents, consideration of special circumstances, and other professional judgment guidelines designated by the school. We then calculate and allocate grants as the difference between the total tuition amount and the EFC. Our financial assistance budget is finite, therefore our goal is to meet at least 85% to 95% of demonstrated need in order to serve as many families as possible.
Our policies ensure that we apply uniform guidelines to every family that applies for assistance and that awards are made without regard to student's race, color, religion, gender, national origin, disability, or age and in compliance with existing state and federal laws or regulations in addition to the school's principles or equity and inclusion.
Award calculation example:
|Less SSS EFC||-$15,000 (per child)|
|Demonstrated need||$16,400(per child)|
|Grant||$14,760 (90% of $16,400 need)|
|Family contribution||$16,640 (tuition - grant) → payment plans available, see FAQ|
The financial assistance committee appointed by the head of school decides and finalizes all financial assistance application decisions. This committee prioritizes the allocation of grants as follows:
Families are expected to continue paying the same level of tuition for the duration of enrollment. New applications for or increases in financial assistance in subsequent years will be considered if there is a qualifying change in circumstances. Limited assistance may be available for families facing a temporary unexpected financial hardship. Families who feel they are able to afford only the first year or two of a Catlin Gabel education should review their financial situation with the Financial Assistance Office prior to enrolling.
Financial assistance grants for students attending Catlin Gabel are contingent upon the student successfully completing each school year and the payment in full of all financial obligations set forth in the Enrollment Agreement and/or re-enrollment commitment.
Because of these income sources, our policies and procedures ensure that the school is doing its due diligence on behalf of both our donors and tuition paying families. In addition, we reserve the right to share limited student data regarding academics and co-curricular involvement with our donors for the purposes of reporting on scholarship allocations and continued fundraising.
Catlin Gabel receives no outside funding from state or federal sources and is not supported by any religious organizations.
Examples of a temporary financial hardship include but are not limited to: