iCap Tuition

iCap Tuition

iCap sets a clear, predictable cap on your family’s total core tuition.

Your tuition is determined by two things:

• Your household’s Adjusted Gross Income (AGI), as listed on your most recent federal tax return

• The number of children you have enrolled at Schechter in Kindergarten through Grade 8

Using our Tiered iCap grid, your family’s total core tuition is calculated as a percentage of your AGI. That percentage is based on how many children you have enrolled — so the more children at Schechter, the lower the percentage per child.

This means:

• Your tuition is scaled to your family’s income.

• There is a defined maximum your family will contribute toward core tuition.

• You can anticipate your tuition obligation from year to year.

Core tuition does not include activity fees, trips, enrichment classes, or extended day.

Families must also meet asset eligibility requirements. Tuition is calculated using AGI from your 2025 IRS Form 1040 (or 2024 if 2025 has not yet been filed, in which case a preliminary award will be issued). Final tuition is confirmed once the completed 2025 Form 1040 (including all schedules) is received.

Please note: Minimum tuition amounts per student 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.