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.
Both parents work and earn a combined salary income of about $260,000. The family has daycare expenses for a younger sibling totaling $18,000 per year. The family owns a home that is currently valued at $1.3M. They own two older cars and have $100,000 in retirement savings with no credit card or other debt. Their Forest Ridge tuition price is $34,000, representing about 80% of full-priced tuition.
A single-parent household with three children in tuition-charging schools. The parent earns $62,000 in income and pays $24,000 in yearly rent on their apartment. The family owns two vehicles, and has minimal savings. Their Forest Ridge tuition price is $2,200, representing 5% of full-priced tuition.
A single-parent household that earns a salary of $240,000 per year. The family has no school expenses for other dependents, but they do contribute to medical bills for an elderly grandparent. They own a home valued at $2.1M, one family car, and a retirement savings account of about $900,000. This family does not qualify for need-based financial aid, so their tuition price is $42,950, representing 100% of full-priced tuition.
Both parents work and earn a combined salary of $170,000. The family owns a primary residence in the Seattle area valued at $1.2M, plus a vacation timeshare valued at $10,000. The family has two students at Forest Ridge, paying $22,000 each, representing 51% of full-priced tuition