Indexed Tuition Case Studies

Case Study 1

Multiple Households Tuition Index graphic case study

This is a divorced family with one student attending LCA. The parent’s combined gross income is $95,625. Mom rents her home and pays $15,600 annually. Dad also rents his home and pays $24,000 annually. Mom’s assets are $2,000 and Dad’s assets are $10,000.

According to the FACTS calculation, the estimated family Indexed Tuition rate was $10,000 for the 2020-21 school year.

Case Study 2

Single Parent Tuition Index graphic case study

This a family of two, with one working parent and one child attending LCA. The parent’s gross income is $42,000. No Federal Taxes were due. The family rents their home for $16,920 annually. Assets, including savings, stocks, bonds and CD’s are $200. Family has no retirement account.

According to the FACTS calculation, the estimated family Indexed Tuition rate was $3,600 for the 2020-21 school year.

Case Study 3

Family of 3 Tuition Index graphic case study

This is a family of three, with two working parents and one child attending LCA. The combined gross income of the two parents is $59,912. Federal taxes withheld amounted to $3,625. The family owns their house, valued at $300,000. Mortgage and property taxes are $13,135 annually. Assets, including savings, stocks, bonds, and CD’s are $13,000. Retirement account valued at $60,000.

According to the FACTS calculation, the estimated family Indexed Tuition rate for one student was $10,000 for the 2020-21 school year.  

Case Study 4

Family of 4 Tuition Index graphic case study

This is a family of four, with two working parents and two children attending LCA. The combined gross income of the two parents is $150,893. Federal taxes withheld amounted to $19,956. The family owns their house, valued at $380,000. Mortgage and property taxes are $24,588 annually. Assets, including savings, stocks, bonds and CD’s are $10,000. Retirement account valued at $450,000 (retirement accounts are protected and not considered when determining tuition rates; only liquid assets such as stocks, bonds, and CD’s are taken into consideration).

According to the FACTS calculation, the estimated family Indexed Tuition rate for two students was $20,650 for the 2020-21 school year.

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