1. Affording Catlin Gabel
An Introduction to Financial Aid
Tuesday, December 13, 2016
Sara Nordhoff, Director of Admission & Financial Aid
Mary Yacob, Assistant Director of Admission

2. Our commitment
Catlin Gabel believes socio-economic diversity enriches the educational experience for all of its students. We are committed to offering a robust, need-based financial assistance program to ensure the school is accessible to all families regardless of their socio- economic or financial circumstances.

3. Tuition and Financial Assistance
Catlin Gabel School
Preschool Tuition
$22,080
Kindergarten Tuition
$23,950
Lower School Tuition
$25,910
Middle School Tuition
$28,670
Upper School Tuition
$29,640
Average Financial Assistance Grant
$19,302
Household income range for
most awards
$10,045 to $223,590
Total funds distributed
$4,149,905
Students receiving financial assistance
28%
Average need met
93.8%

4. The “Five Ws” of Financial Aid
Who is responsible for the cost of private school?
What is “financial aid”?
Why should I apply for financial aid?
When should I start planning?
Where should I go for more help?

5. Who is responsible for the cost of private school?1
The child’s family is primarily responsible.
This includes both parents even if divorced or separated. 2
All available resources should be explored before applying for aid
Grandparents, savings, trusts, discretionary income, outside scholarships, etc. 3
Once all resources have been explored and you feel the cost of tuition is still out of reach, financial aid MAY be available.

6. What is Financial Aid? GRANTS 1 OTHER TYPES OF FINCANCIAL ASSISTANCE 2
Money does not come from SSS.
Financial assistance at Catlin Gabel is in the form of need-based grants which are not loans and do not need to be paid back.
Financial assistance comes from the school’s budget and generous donors.
We are also a Malone Family Foundation school. 2
OTHER TYPES OF FINCANCIAL ASSISTANCE
Merit-based scholarships for those who qualify.
Monthly payment plans are available to all families.
Assistance for books, laptops, trips, and other programs

7. When should I start planning for 2016-17?
Now! Begin collecting 2016 financial documents.
Use these to estimate income, assets, and debts on your Parent Financial Statement.
For business owners: Use 2015 as a baseline and estimate % up or down. 2
Make a budget to determine what you can realistically contribute to the cost of tuition:
Add all sources of income (wages, investments, tips, child support, gifts, etc)
Subtract all expenses (try to reduce as much as possible) 3
Complete your 2016 taxes early. Required for verification.

8. When should I submit my information?1
SSS Parent Financial Statement by February 3, 2017
Use the comments section to explain special circumstances.
SSS experiences heavy volume in February causing delays. 2
Submit 2015 & 2016 taxes to SSS by February 28, 2017
Include W2s, 1099’s, Form 1040, and Schedule A (if applicable).
Include all schedules that explain income or losses on Form 1040 (e.g. C, D, E) 3
DO NOT wait until you have received an admission decision to apply for financial assistance. 4
Missed deadlines may result in losing eligibility.

9. How do I apply for financial aid?1
Step 1: Complete the Parent Financial Statement (PFS) from School & Student Services (SSS). 2
Step 2: (optional) Submit a Personal Statement in the comments section of the PFS explaining any special circumstances or information not otherwise reflected in the PFS about why your family is applying for financial assistance. 3
Step 3: Submit completed 2015 & 2016 taxes via SSS document upload.

10. How is my financial aid award calculated?1
SSS determines your Discretionary Income.
SSS determines your Discretionary Income.
Income protection allowance is calculated based on family size.
Taxable and non-taxable income is offset by eligible allowances and expenses.
Net worth is calculated and may be added as an income supplement. 2
SSS will calculate an Expected Family Contribution (EFC) from your discretionary income.
This could be anywhere from 17% to 33% depending on level of income.
EFC is divided among kids in tuition-charging school based on cost of school. 3
Financial Assistance Committee Reviews.
We will verify and correct the information presented.
Consider any special circumstances and use professional judgement to adjust.
Finalize award decision based on our policies and available budget.

11. Financial assistance Decision from school:
Financial assistance award – Example Catlin Gabel strives to meet between 85 to 95% of need
$29,640 Total Tuition
- 10,000 Expected Family Contribution
$19,640 Total Financial Need
Financial assistance Decision from school:
$17,680 grant at 90% of need
$11,960 family contribution

12. FAQs Do I have to reapply every year? YES
Can I expect the same amount each year my child is in school? YES, as long as the same level of need is demonstrated from year-to-year.
What if parents are divorced or separated? Both parents are required to complete a PFS. Extraordinary circumstances are considered on a case-by-case basis. We may require documentation.
Do both parents have to earn income? YES, when all children in the household reach 1st grade and above.
When will I find out about my financial aid? Admitted applicants are notified of their financial aid decision with their offer of admission.

13. Where should I go for more help?1
SSS determines your Discretionary Income.
PFS Support at sssbynais.org/parents.
PFS Online Workbook.
Parent Webinars.
Phone and support at or 2
Contact the Catlin Gabel Financial Aid Office at
ext 468 or 3
Visit our website:
Look under Affording Catlin Gabel

14. THANK YOU Sara Nordhoff, NordhoffS@catlin.edu
Mary Yacob,