Family D: One Household with a Single Income

This family has two students at Catlin Gabel attending the Beginning & Lower School and resides in one household with a single income. One parent is parenting full-time because at least one child is younger than first grade while the other is employed in education. The household income is $51,000 per year, and they are renting. The family owns two cars with no car debt. Retirement savings is $129,000 with no additional investments. The parents have combined educational debt of $93,000 and $2,500 in out-of-pocket medical expenses.

At Catlin Gabel, the older child has tuition assistance of $31,100, which represents 95% of published tuition and 95% of demonstrated need. The younger sibling has tuition assistance of $28,200 which represents 95% of published tuition and 95% of demonstrated need. Given this, here’s a breakdown of the cost of attendance for the family: