Family B: Self-Employed, Single Parent

Family B: Self-Employed, Single Parent

This family has a student in Upper School at Catlin Gabel and has a brother attending college. This is a self -employed single parent household with no other parent. The parent has an AGI of $97,000. This family is considered a single parent household based on their specific family circumstances and the school’s classifications. The family purchased their home in 2011 which is now valued at $600,000 and only one car. In the financial aid application, the family lists no debt and shows investments of $375,000 to cover educational expenses through college for both kids. Parent also has $114,000 in retirement savings. Medical insurance is about $9,000 per year for the family with out-of-pocket expenses of $11,000 due to high deductibles. Student’s older sibling has college tuition of $73,500 with no financial aid listed.

At Catlin Gabel, this student has a tuition assistance of $23,395, which represents 55% of the published tuition and 67% of demonstrated need. Given this, here’s a breakdown of the cost of attendance for the family:

  Total Cost 21-22 Family Contribution
Upper School Tuition $37,025 $13,630
Laptop $2,100 $500
Textbooks/Fees $650 $0 (covered at 100%)