Latin School of Chicago

As a school community, we are committed to making a Latin education possible for families from socioeconomically diverse backgrounds. Latin School is proud to be able to award more than $3.6 million in need-based aid annually. e Financial Aid Office strives to assist families for whom the cost of independent school tuition is the only barrier to attendance. Using the NAIS Principles of Good Practice for Financial Aid Administration and our own school policies and procedures, Latin reviews each family's situation carefully with the intention of providing an appropriate level of support. Latin has a need-sensitive financial aid policy. is means that all admitted students demonstrating need will be funded, but the number of students needing financial aid who can be admitted is restricted based on our budget. e amount of financial aid awarded is based on the cost of attendance in relation to what a family can reasonably contribute based on their financial circumstances. We work with families to understand their individual circumstances and determine a financial aid package that addresses each family's needs as best as possible. Latin follows a cost-of-attendance model for awarding financial aid, which ensures that additional costs associated with attending Latin beyond tuition are taken into account. Financial Aid Scenarios THE FOLLOWING ARE EXAMPLES THAT ILLUSTRATE THE RANGE OF FINANCIAL CIRCUMSTANCES AND FINANCIAL AID WE OFFER. SCENARIO 1 An applicant for ninth grade lives with her parents and sixth grade sibling who does not attend a tuition-based school. Her family income totals just over $79,000. e family has $1,500 in savings and does not own a home. Total cost of attendance (tuition and fees*) . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,735 Expected Family Contribution after allowable expenses . . . . . . . . . . . . . . . . . .$0 Financial need . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,735 Total aid offered . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,735 SCENARIO 2 An applicant for ninth grade lives with his single mother. e family income is $28,000. e family does not own a home and currently has no savings. Total cost of attendance (tuition and fees*) . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,735 Expected Family Contribution after allowable expenses . . . . . . . . . . . . . . . . . .$0 Financial need . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,735 Total aid offered . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,735 Financial Aid at Latin

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