Tuition: $38,585
Estimated Family Contribution determined by SSS: $28,250
Aid offered by RA: $10,335
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:
Tuition: $36,930
Estimated Family Contribution determined by SSS: $7,930
Aid offered by RA: $29,000
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: $21,010 + $26,460 = $47,470
Estimated Family Contribution determined by SSS: $41,380
Aid offered by RA: if both children enroll, $6,090; if one child enrolls, $0.
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.