Flexible Tuition Examples

List of 4 items.

  • Flexible Tuition Example 1:

    This is a family of four: two working parents and two children, with only one child attending a tuition-charging school. The combined income of the two parents is $123,962. State and federal taxes withheld amounted to $19,583. The family owns their house, valued at $285,000; mortgage and property taxes are $33,500 annually. Assets, including savings, home equity, and investments are $117,590.
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  • Flexible Tuition Example 2:

    This is a family of four: two working parents and two children attending a tuition-charging schools, including one in college. The combined income of the two parents is $354,903. State and federal taxes withheld amounted to $92,391. The family owns their house, valued at $200,000; mortgage and property taxes are $25,500 annually. Assets, including savings, home equity, and investments are $166,000.
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  • Flexible Tuition Example 3:

    This is a family of three: one working parent and one child attending a tuition-charging school. Because the stay-at-home parent chooses not to work, the system assigns an additional income of $15,000 in determining the family’s financial need, resulting in a combined total income of $114,268. State and federal taxes withheld amounted to $17,498. The family rents their home at a cost of $13,200 annually. Assets, including savings and investments are $500.
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  • Flexible Tuition Example 4:

    This is a family with multiple households: two parents in separate households and one child attending a tuition-charging school. All financial information is kept strictly confidential, and at no time will one household have access to the others’ information.
     
    Parent 1 has an income of $63,652, with federal and state taxes amounting to $7,178. The house is owned and valued at $153,000, with an annual mortgage and taxes of $15,174. Assets including savings, home equity, and investments, are $68,650.
     
    Parent 2 has an income of $80,897, with federal and state taxes amounting to $16,113. The house is owned and valued at $230,000, with an annual mortgage and taxes of $15,174. Assets including savings, home equity, and investments, are $21,000.
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An independent, coeducational, college preparatory day school, toddler through grade 12

Early Childhood, Lower, and Middle Schools, 5000 Clubside Rd, Lyndhurst, OH 44124
Birchwood School of Hawken, 4400 West 140th Street, Cleveland, OH 44135 
Upper School, PO Box 8002 (12465 County Line Rd), Gates Mills, OH 44040
Mastery School of Hawken, 11025 Magnolia Dr, Cleveland, OH 44106
Gries Center, 10823 Magnolia Dr, Cleveland, OH 44106

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