iCap Tuition

iCap Tuition

Designed for simplicity and ease, families can anticipate their core tuition obligation year after year based on a grid of the family’s Adjusted Gross Income (AGI) as listed on their most recent federal tax return, and the number of children enrolled at Schechter in Kindergarten through Grade 8. Families are subject to additional asset eligibility requirements.

Using the Tiered iCap chart below, tuition for qualifying families is based on the sliding scale. The grid shows the percent of your AGI (based on the number of children enrolling at Schechter) that your family would contribute in core tuition (excluding activity fees, trips, enrichment classes and extended day) The family’s AGI is listed on 2025 IRS Form 1040 (or 2024 if the 2025 tax return has not yet been submitted, in which case a preliminary award will be issued). Final Tiered iCap tuition will be determined based on the final 2025 1040 (including all schedules/forms) once it is received. Note: Minimum tuition amounts per student will apply.

Eligibility Requirements:

• 2025 AGI must be between $0 and $600,000

• Family assets (excluding primary residence and retirement saving accounts - 401k, 403b, IRA, etc.) must be less than $500,000.

• Families must submit a new application and meet eligibility requirements each year.

• Tiered iCap is available for children entering Kindergarten through Grade 8 only.