Estimated Family Contribution determined by SSS: $28,250
Aid offered by RA: $$18,480
Tuition is designed to meet the core costs of providing the highest quality educational program for our students. However, while tuition provides for much of our annual program costs, it does not cover the full expense of educating a child. Like many independent schools, we count on bridging the financial gap through charitable contributions made to our Annual Fund. By keeping tuition modest, we believe we can put an RA education within reach for more families and build the type of inclusive community we all wish to have.
The family’s income is $318,000. The family owns their home, has some equity after living there for a handful of years, and the parents have retirement and cash assets of nearly $400,000. There were unusual expenses of $25,000. After the School and Student Services (SSS) calculation was adjusted for Fairfield County, CT and Westchester, NY costs of living, the following was determined:
Both parents, though divorced, have a cumulative income of $130,000. Both parents rent their homes, their assets total about $90,000 and there were no allowable unusual expenses. After the School and Student Services (SSS) calculation was adjusted for the Fairfield County, CT and Westchester, NY costs of living, the following was determined:
Estimated Family Contribution determined by SSS: $7,930
Aid offered by RA: $36,790
The family’s income is $410,000, and they own their own home, but with little equity having just moved to it last year. There are high “unusual expenses” related to the care of an elderly grandparent in the home totaling $40,000. They have significant assets in retirement and savings of almost $350,000. After the School and Student Services (SSS) calculation was adjusted for the Fairfield County, CT and Westchester, NY costs of living, the following was determined:
Tuition: $24,300 + $32,040 = $56,340
Estimated Family Contribution determined by SSS: $41,380
Aid offered by RA: If both children enroll, $14,960; if one child enrolls, $0.
Because the actual cost of educating each student exceeds that of our tuition and fees, every Ridgefield Academy student, in effect, receives aid - the difference between the tuition and fees, and the actual cost of an RA education.
Our substantial tuition assistance budget comes entirely from our operating budget. In recent years, nearly twenty-five percent of our students have received assistance; the range of grants is from $1,215 to $37,000.
We award tuition assistance to many middle-income families, families with relatively high incomes but more than one child in school, and those whose financial circumstances qualify them for a grant that equals the full cost of tuition and fees. Even if you're unsure if you qualify for assistance, we encourage you to apply.
Applying for tuition assistance has absolutely no effect on a student’s application for admission. Admission decisions are based on a student’s qualifications and the likelihood that they will contribute to the life of the school. A family’s application for tuition assistance is considered separately from the application for admission.
Ridgefield Academy safeguards the confidentiality of all financial information supplied by applicants and does not publicly identify recipients of financial aid, except with parental permission. Only those persons directly involved in the financial aid process or in its administration will review this information.