Financial Aid Family Scenarios

In calculating each family's tuition contribution, we consider many factors, including assets, income, expenses, and debts. We recognize that each family’s situation is unique, and even families with similar income levels may qualify for varying levels of financial aid, depending on these factors.

Student A:

A family of six, with one working parent earning a salary of $234,000. The family has daycare expenses for a younger sibling totaling $14,000 per year. The family owns a home that is currently valued at $1.7M.* They own two older cars and have $100,000 in investments with minimal credit card and no other debt. Their Forest Ridge tuition price is $34,500, representing about 78% of full-priced tuition.

Student B:

A single-parent household of three, with one child in tuition-charging school. The parent earns $68,000 in income, has a student loan of $40,000 and pays $30,000 in yearly rent on their apartment. The family owns one vehicle and has minimal savings. Their Forest Ridge tuition price is $3,000, representing approximately 7% of full-priced tuition.

Student C: 

A family of 4, with one working parent that earns a salary of $260,000 per year. The family has two children in tuition paying schools. They own a primary residence $1M and two additional properties, valued between $600,000 and $1.5M, two family cars, and a retirement savings account of about $900,000.* This family does not qualify for need-based financial aid and would pay 100% of full-priced tuition.

Student D:

Both parents work and earn a combined salary of $180,000. The family owns a primary residence valued at $700,000 and 529s investment account with balance of $30,000.* The family has one child in tuition paying school and a younger sibling in childcare. Their Forest Ridge tuition price is $20,500, presenting 46% of full-priced tuition.

*Primary home equity is excluded from calculation