Case Study #2
This family has two parents who are divorced. Each parent is required to complete an application for assistance. The combined income from both households is approximately $270,000. Each household consists of 3 members with 2 children in tuition charging schools. Both parents are homeowners and have combined home equity and non-retirement assets of $325,000. This family is expected to contribute $20,000 toward the cost of tuition and receives a financial aid grant of $10,500.