Our new infographic, Can We Afford Private School? (see below) provides a quick look at where your family might fit in the private school financial aid equation.
In partnering with School and Student Services By NAIS (SSS), we’ve taken the regional cost of living adjustments and data used by SSS to calculate estimated family contributions toward tuition and put them into an easy to understand infographic. As SSS states it, their formula, “considers your income, what you own (your house and other investments), what you owe (your mortgage and other debts), the size of your family, and how many family members are enrolled in tuition-charging schools or colleges.”
With respect to our infographic, we present hypothetical financial situations, and possible tuition contribution, of families in Boston, Chicago, San Francisco, and the National Standard.
The infographic is part of our new free e-book, “Understanding Private School Financial Aid: What it is and How to Apply.”
If you’re contemplating, entering, or already deep into the private school financial aid process, “Understanding Private School Financial Aid: What it is and How to Apply” can help you navigate the waters.
We can give you general picture, but, in the end, every financial aid decision is made individually by each school.
Here’s the important disclaimer:
Keep in mind that all financial numbers we present are only estimates. Every family’s financial situation is unique as is each school’s financial aid program. Each school administers and determines its own financial aid process and awards. Schools do not necessarily use, or apply, metropolitan area Cost of Living Adjustments. Application of any Cost of Living Adjustment comes at the discretion of each school. Your family’s financial aid eligibility could be different at each school to which you apply.