School Year: 2023-2024

Family Report Report Date: 07/03/23 03:23 AM

Application ID: 23340814
HOUSEHOLD STATISTICS APPLICATION STATUS
Magellan School Parents: 2 Review Status: Verified
Total Dependents: 2 Review Score: Good
Dependents attending Private Schools: 1 Number of Reviewed Items: 9
7938 Great Northern Blvd Dependents attending Your School: 1 On-Time Status: NO
Austin, TX, 78757 Household Contr. Education (HCE): $22,943 Application Received: 04/25/2023
Allowed Educational Exp.: $19,530 Internal Code:
Pro-rated HCE: $19,530
School ID: 15288 Calculated Student Need: $0
Total Grants Awarded: $12,760
HOUSEHOLD KEY RATIOS
Special Circumstances: Family Code: Family
Average Current Ratio 0.35 VP
Average Debt Service Ratio 0.39 F NONE
Average Debt to Asset Ratio 0.36 F
Documentation Provided:
Q - Questionable F - Fair
VP - Very Poor G - Good 1040 US Individual Income Tax Return, Parent 1 W2, Parent 1 Paystub, Parent 2 Schedule C (Form 1040), Parent 2 Schedule 1
P - Poor VG - Very Good (Form 1040)

STUDENT DETAIL INFORMATION

----- Tuition ----- Student Total
----- Contribution ----- Total Grant Prorated
Student Calculated Calculated Suggested Remaining
No Student Name Code Actual Allowed Parent/Guardian Others HCE Need Awarded Amount Amount Amount
1 LastName, FirstName New $19,530 $19,530 $9,000 $19,530 $0 $12,760 $0 $10,266 -$12,760

2 LastName, FirstName $0 $0 $0 $0 $0 $0 $0 $0

HOUSEHOLD CALCULATIONS
Assigned Income Reported Annual Deductions Household Assets
Employment $87,572 Actual Allowed Gross Assets $1,088,650
Business Income $5,555 Housing Expenses $40,532 $37,984 Net Assets $760,650
Other Monthly Income (annual total) $0 Daycare/Elderly Expenses $0 $0 Weighted Assets $114,950
Other Annual Income $50 Alimony & Child Support Expenses $0 $0 Retirement Allowance $4,000
Earned Income & Add'l Child Tax Credits $0 Medical Expenses $5,250 $5,250 Net Weighted Assets $110,950
Employer Medical/Dental Value $3,000 Charity Contributions $663 $663 Total Available Capital: $38,833
Total Assigned Income: $96,177 Total Annual Deductions: $46,445 $43,897
Uncovered Income Calculated Annual Deductions Household Refined Income (HRI)
Retirement Contribution $0 Subsistence Allowance $24,701 Total Household Income $106,605
Business Entertainment $93 Health/Dental Insurance Deduction $5,000 Available Capital $38,833
Business Property Depreciation $0 Employment Expenses $2,200 Reported Annual Deductions – Allowed $43,897
Business Amortization $10,335 Interest on Household Debt $4,500 Calculated Annual Deductions $45,657
Uncovered Income Subtotal: $10,428 State Income and Sales Tax $1,707 Household Refined Income (HRI): $55,886
Total Household Income: $106,605 FICA Tax $7,550 Household Contribution to Education: $22,943
Total Household Taxable Income: $72,177 Total Calculated Annual Deductions: $45,657

A. HOUSEHOLD INFORMATION
No Parent / Guardian Daytime Phone Evening Phone D.O.B. Marital Status Work Status

1 LastName, FirstName (202)-555-0189 (202)-555-0189 06/30/2023 Married Employed

2 Singh, Aditya (324)-354-6456 (464)-564-5555 09/20/1989 Married Employed
Address : UnitA 1503 Richcreek Rd., Austin, TX 78757 Email : 315041CC-CAD7-472B-8AC6-
005EBD609126@devmask.com

Custom Questions & Answers

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 School Year: 2023-2024
Family Report Report Date: 07/03/23 03:23 AM
Custom Questions & Answers
Application ID: 23340814
Have you taken a Yes
vacation(s) in the 4/2023 - Emergency trip to Montreal for family funeral $2,800
past two years? If so, 12/2022 - Christmas with family in New England $2,200
please list the 6/2022 - Visit with family New England $2,000
destination and the 5/2022 - Hawaii family trip $2,000
total cost of the 2/2022 - Visit with family in Florida $800
vacation(s). 12/2021 - Family trip to Marfa $800
8/2021 - Visit with family in New England $2,200
Please list the make, 2013 BMW 3 series (own)
model, and year of 2022 Jeep Grand Cherokee Laredo (lease)
the car(s) you lease
or own.
Do you anticipate Yes.
having monthly Spanish tutor. $100/month
expenses for therapy English tutor. $100/month
or tutoring for one or Math tutor. $100/month
more of your
children? If yes,
please provide details
and explain whether
these were already
included in "Medical
Expenses" reported
in your application.
Do you plan to enroll no
your child(ren) in
Magellan's after
school care program?
Itemize how much We think we can do $9,000 a year for Naomi - we also need to pay for childcare in the summer for Naomi and
money per student childcare for our 9 month old and will not be receiving financial help from grandparents.
applicant that you
and your family
(including
grandparents or other
family members) can
realistically afford to
pay for tuition
annually.
For how long do you 2 Years
anticipate needing
financial aid?
What else would you We value our families very much and so we make an effort to see them in New England twice a year and Florida
like the financial aid once a year. This gets expensive but we see it as vital.
committee to know
about your financial We haven't been paying student loans but that will kick in again soon. about $500 a month.
situation?
Marie was making good money until early 2021 when health issues caused her to leave her job. She started her
own business in 2021 which is not yet profitable but we believe it will be in the next couple years.

Other Special Circumstances

NONE

Notes
Note Added By Added On

B. DEPENDENTS

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 School Year: 2023-2024
Family Report Report Date: 07/03/23 03:23 AM
B. DEPENDENTS
Application ID: 23340814
No Name D.O.B. Status Sch ID School Name Grade Returning Student
1 LastName, FirstName 06/30/2023 Private School(Applying for Aid) 15288 Magellan School 1 Y
2 LastName, FirstName 06/30/2023 Not Attending school Y

C. PARENT / GUARDIAN EMPLOYMENT

APPLICANT SCHOOL FINANCIAL AID
Estimated Estimated Prior Year Estimated
Employer Parent Current Annual Income
Annual Income W2 Income Annual Income
USAA FirstName Y $96,000 $87,572 $99,874 $97,572

D. BUSINESS INCOME
APPLICANT SCHOOL FINANCIAL AID
Percent Estimated Estimated Prior Year Estimated
Business Name Parent Active Owned Type Annual Income Annual Income Net Income Annual Income
kjjkh Aditya Y 100 Partnershi $5,555
p

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 School Year: 2023-2024
Family Report Report Date: 07/03/23 03:23 AM
Application ID: 23340814
APPLICANT ANSWERS
E. Monthly Income H. Medical Expenses N. Assets & Debt – Automobiles
1.Welfare (TANF) 0 1.Total Payments 5250 1.Number of Vehicles Owned 1
2.Food Stamps 0 2.Total Debt 660 2.Total Value 12000
3.Retirement / IRA 0 3.Employer pays Medical Some 3.Total Monthly Payments 0
4.S.S. Parents / Guardians 0 4.Employer pays Dental Some 4.Total Debt 13000
5.S.S. Dependents & Elderly Dependents 0 5.Number of Vehicles Leased 1
I. Alimony & Child Support Payments
6.Child Support 0 6.Total Monthly Lease Payment 368
1.Number of Children Supported 0
7.Alimony 0 7.Annual Total of Vehicle Insurance Cost 2400
2.Child Support – Previous Year 0
8.HousingAllowance 0
3.Child Support – Estimated 0 O. Assets & Debt – Recreational Vehicles/Boats
9.Misc. Monthly Income 0 1.Total Value 0
4.Alimony 0
F. Other Income 5.Alimony – Estimated 0 2.Total Monthly Loan Payment 0
1.Int & Div - Previous Year 0 3.Total Debt 0
2.Int & Div - Estimated 0 J. Child Care And / Or Elderly Expenses
3.Worker’s Comp – Previous Year 0 1.Total Payments – Previous Year 0 P. Assets – Current
4.Worker’s Comp – Estimated 0 2.Total Payments – Estimated 0 1.Checking Account 1000
5.Unemployment – Previous Year 0 K. Charitable Giving 2.Savings Account 12000
6.Unemployment – Estimated 0 1.Largest Donation ACLU 3.Cash 0
7.Misc. Income – Previous Year 0 2.Previous Year Contributions 663 4.Stocks, CDs, Bonds, etc. 0
8.Misc. Income – Estimated 0
L.Assets & Debts–Real Estate O/T Home Q. Miscellaneous Debt
G. Home Expenses 1.Number of Properties 0 1.Credit Cards 30000
1.Monthly Rent 0 2.Purchase Price of All Properties 0 2.Student Loans(Parents/Guardians) 36000
2.Annual Renters Insurance 0 3.Cost of Improvements / Additions 0 3.Student Loans(Dependents) 0
3.Electricity 80 4.Total Current Market Value 0 4.Personal Bank Loans 0
4.Gas, Oil, Coal 20 5.Total Principal Owed 0 5.Loan Company 0
5.Water & Sewage 100 6.Total Monthly Loan / Mortgage Payment 0 6.Other Debt 0
6.Current Market Value 661000 7.Previous Year Gross Property Income 0
7.Total Owed on Property 315000 8.Previous Year Gross Property Expense 0
8.Monthly Mortgage Payment 1630 9.Property Types Multiple
9.Previous Year Property Tax 10678 M. Assets–Retirement Plans–Self Managed
10.Home Owners Insurance 3500 1.Previous Year Contribution – Household 5508
11.Dwelling Type SINGLE FAMILY 2.Previous Year Contribution – Employer 0
12.Previous Year Rental Income 0 3.Previous Year End Value 333250
13.Previous Year Rental Expense 0

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