Family Individualized Tuition (FIT)

GUS FIT offers families a tuition package that fits their personal economic profile. Each family’s financial commitment will be customized based on their income, expenses, and assets, along with the current GUS tuition rates, to ensure that every family’s financial investment in a GUS education is in equitable proportion to their economic resources. GUS FIT replaces the traditional financial aid model of discounting tuition or offering "awards," allowing all GUS families to contribute meaningfully.

All families will be required to engage with the GUS FIT Portal during re-enrollment or during the application process. Families who choose to invest in GUS at the maximum FIT price will have the option to indicate that in the portal and will not be required to submit financial information. Families will receive their GUS FIT Tuition within ten days of completing their economic profile in the GUS FIT Portal - well ahead of the traditional late spring decision date. A three-year financial outlook will be provided in all GUS FIT pricing - showing you not only what your tuition will be for the upcoming school year, but also what it will likely be for the following two academic years.

Learn more about why GUS has reimagined tuition and our new approach to tuition here, and if you have any questions, please don’t hesitate to contact Director of Admission Katie Chhu at kchhu@gus.org or 978-927-1064.

Required Documentation for GUS FIT

  • 2021 Federal 1040 Tax Return (including all schedules) 

  • 2021 IRS Tax Return Transcript

  • Parent A W-2

  • Parent B W-2

  • Current Mortgage Statement

The deadline to apply for Family Individualized Tuition for the 2024-2025 school year is March 15, 2024.

GUS FIT vs. Traditional Financial Aid Process

 
 

Payment Options

Glen Urquhart School partners with Blackbaud Tuition Management to make the payment process more convenient for parents. Services include online account access, tuition and fees invoicing, payment processing, and 24-hour customer service. Blackbaud Tuition accepts payment via check, credit card (although a service fee will be imposed), or online bill paying service through the customer's bank. Please consult the Blackbaud Tuition Management Plan document accessible on our website, visit the Blackbaud Tuition website at parent.blackbaud.school or contact Tuition Coordinator, Linda Beneke for more information. Learn more about our Tuition Refund Plan here.

We offer the following payment plan options: 

  • One Payment Plan: Payment due June 5, 2024. (Tuition will be discounted by $100 if payment is received in full by June 5, 2024.)

  • Two Payment Plan: 60% of total tuition due and payable on June 5, 2024, with the balance due and payable on November 5, 2024 according to the terms of the Blackbaud Tuition Plan.

  • Six Payment Plan: One sixth of total tuition due and payable on the 5th of each month from June through November 2024 according to the terms of your Blackbaud Tuition Plan.

OTHER WAYS TO FINANCE YOUR CHILD’S EDUCATION

529 Plans: In 2018, Legislation for 529 Plans was amended to allow families to withdraw up to $10,000 per child per year to help finance K-12 tuition. If you are considering this option, we recommend you consult with a financial advisor prior to taking advantage of this option.

IRS Gift Tax Exclusions/Tax Advantaged Family Giving: In 2020, family members and friends can make an annual tax free gift of up to $15,000 to as many individuals as they would like, which can be used to pay tuition. For example, two grandparents can each give one child a gift of $15,000, for a total of $30,000. They may do so for more than one grandchild. We advise families to consult with a financial advisor about developing an annual giving strategy for children and grandchildren before taking advantage of this option and to avoid the requirement these family members pay significant estate tax on that money later.

Nondiscrimination

Glen Urquhart School does not discriminate on the basis of race, color, age, religion, national origin, ancestry, sexual orientation, gender identity, pregnancy, disability, mental illness, military status, genetics or sex or any other classification protected under applicable law in the administration of its admissions, scholarships, and hiring, and its educational, athletic, and other programs. Glen Urquhart School admits qualified students and applicants of any race, color, age, religion, national origin, ancestry, sexual orientation, gender identity, pregnancy, disability, mental illness, genetics or sex or any other classification protected under applicable law. The rights, privileges, programs, and activities generally accorded or made available to students at the school are extended to all students.