Income & Assets
Income may include but is not limited to: taxable wages, self-employment income, taxable dividend and/or interest income, alimony received, rent, royalties, proceeds from estates or trusts, unemployment compensation, capital gains, taxable retirement distributions, profits from a business, child support received, and Social Security benefits.
Assets include but are not limited to: real estate, vehicles, bank accounts, investments and any other tangible or intangible assets.
Expenses & Debt
Typical expenses include but are not limited to: rent, mortgage payments, educational expenses, medical and dental expenses, vehicle expenses, food and clothing expenses, meals and entertainment expenses, child support and/or alimony and child care.
Typical debt expenses include but are not limited to: student loans, credit card payments, personal loans, business loans and home equity loans.
Non-Working Parent
If all children in a family are over the age of six, it is expected that both parents are employed. If one parent chooses not to work, we input a full-time income at minimum wage ($17.28/hour or $35,942 annually) to that parent for the purposes of calculating Flexible Tuition.
Filing Status
If all children in a family are over the age of six, it is expected that both parents are employed. If one parent chooses not to work, we input a full-time income at minimum wage ($17.28/hour or $35,942 annually) to that parent for the purposes of calculating Flexible Tuition.