Need-based financial assistance is offered by Catlin Gabel and is based on a family’s demonstrated need as calculated by our third party provider School and Student Services (SSS). Parents first complete the online application or Parent Financial Statement (PFS) and then uploads required tax documents. SSS then verifies the income and tax data and produces a Report of Family Contribution (RFC) estimating the amount a family can contribute towards 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, qualifying debts and expenses, number of dependents, age of both parents, and the number of children attending tuition-charging schools (up to and including four years of undergraduate college/university studies). Allowances are made for living expenses, retirement, taxes, medical costs, unusual expenses, debts, and a modest standard of living.
The Catlin Gabel financial assistance committee 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 such as a cost of living adjustment. We then calculate need-based tuition as the difference between the total published tuition amount and some or all of the family’s demonstrated financial need. Our overall financial assistance 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.
In addition to the school’s principles of equity and inclusion, our policies ensure that we apply uniform guidelines to every family who applies for need-based assistance and that decisions 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.
Need-Based Tuition Calculation Example (per child) |
Published Tuition |
$37,400 |
|
Less: SSS EFC |
(16,500) |
Must Apply Online |
Demonstrated Need |
20,900 |
|
Need-based Financial Assistance |
18,810 |
90% of $20,900 |
Need-Based Tuition ($37,400-18,810) |
$18,590 |
Payment Plans available |