Profiles of Current UPrep Families Using Financial Aid
Financial Aid at UPrep intentionally seeks to enroll a socioeconomically diverse group of students. To illustrate this, please see below for examples of current families in our financial aid program (please note that all identifying details have been changed to maintain confidentiality).
Student A: AMBER
Amber is a current 10th grader at UPrep. Their mom works as a self-employed consultant while Amber’s dad is a high school teacher. Their combined annual income is $165,000. Amber's family purchased a home in 2015 and it’s currently valued at $850,000. The family owns two cars, the parents are carrying $35,000 in student loan debt, and they have $420,000 in retirement savings. Amber has one sibling in a tuition-charging institution.
At UPrep, Amber has a tuition grant of $27,249, which represents a 62% grant. Given this, here’s a breakdown of the cost of attendance for Amber's family:
|Total cost||Cost to Amber's family|
|Optional Global Link Trip||$3,000||$1,140|
Student B: Sam
Sam is a current 6th grader at UPrep. Sam comes from a single parent household and their mom works as a healthcare administrator, earning $70,000 annually. Sam’s mom submitted a Statement of Explanation, sharing that she and Sam’s father have been separated for 7 years and he is no longer in Sam’s life. The family rents a home and pays $2300 per month in rent. In the financial aid application, Sam’s family explained that they spent $7,000 last year in unusual medical and dental expenses. Sam does not have any siblings in tuition-charging institutions.
At UPrep, Sam has a tuition grant of $38,385, which represents a 90% grant. Given this, here’s a breakdown of the cost of attendance for Sam’s family:
|Total cost||Cost to sam's family|
Student C: Spenser
Spenser is in 8th grade at UPrep. Spenser’s parents are divorced; Spenser’s mom has remarried and is a stay-at-home parent while her husband owns a café. Their annual income is $80,000 and they pay $2500 per month for their rented apartment. They have two young children are home who are not yet in school. Spenser’s dad works as a Career Counselor and makes $95,000 annually. He owns his home and it is currently valued at $300,000. Spenser’s dad rents out one of the units in his home and makes $18,000 annually in rental income.
At UPrep, Spenser has a tuition grant of $31,988, which represents a 75% grant. Given this, here’s a breakdown of the cost of attendance for Spenser’s family:
|Total cost||Cost to Spenser's family|
|Optional Global Link Trip||$2000||$500|