Family C: One-Household, Two W2-Based Incomes

This family has two children in Catlin Gabel’s Lower School and all live in one household. Both parents are employed in the education field with one earning $45,000 per year while the other parent earns $56,000 per year. They recently purchased a home in 2019 valued at $440,000. There are 3 cars listed with car debt of $26,000. The parents have very high consumer debt of $60,000 and education debt of $190,000. The financial assistance application shows no investments and retirement savings of only $45,000.

At Catlin Gabel, both students have tuition assistance of $30,000, which represents a 92% of the published tuition and 99% of demonstrated need. Given this, here’s a breakdown of the cost of attendance for the family: