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The Gordon School

FIT vs. financial aid

Family Individualized Tuition
Family Individualized Tuition allows families from a broad range of economic circumstances to make a customized financial commitment to Gordon.

To determine a FIT price, families provide a succinct Family Financial Overview once every three years. There is a modest annual tuition increase for all families during the years that they do not submit new financial information.

Family Individualized Tuition has come at a time when independent schools are finding that their decades-old tuition models aren't working and people are looking for an authentic, sustainable alternative. Compare the experiences below:

  with FIT: with FINANCIAL AID:
Timely answers Families learn their price within ten days of completing an application, engaging with the FIT portal and interviewing. Families who apply in the fall do not learn their price until March, at the earliest. The first tuition bill could arrive only weeks after a family has learned their price.

Long-term planning Families know their FIT price for three years, and the prices for additional siblings can be easily and quickly projected. Families are given a price for one year and must reapply each year.
Equity, not negotiation Every families’ price is calculated by the model. There is no negotiation. Two families with the same financial profile would get the same price. Schools only fund, on average, 60% of the amount recommended by the financial aid process.  The balance is left up to the school's discretion and to the families' ability to negotiate.
A transparent system There is total clarity about how prices are determined during the entire journey from Nursery to eighth grade. When schools do not fund the full need, there is a lack of clarity about how final prices are determined. 
One community All families engage in the same tuition system. Prices are set at each family's maximum level. There are two systems of tuition pricing, one for “full pay families” and another for those “on financial aid."
Respectful billing Every family at Gordon is billed for their individual FIT price in a process that values their full investment and participation in the Gordon community. Every family is billed the full tuition, with financial aid then subtracted.

 

Find your FIT price:

start the application process