Maimonides Kindergarten end of year celebration

Maimonides Affordability Initiative

MAI TUITION PILOT PROGRAM DESCRIPTION --  JANUARY 2017


The 2017 MAI Tuition pilot program has two components for eligible families:* "MAI Flex" and "MAI Discount."

  • "MAI Flex," is available for families Grades K-7.
  • "MAI Discount" is available for families Grades K-12.

*Eligible families meet the following criteria:

  • Families who are new to the school in either 2016-17 or 2017-18 school years.
  • Returning families who applied for Financial Aid or MAI Tuition for the 2016-17 school year.
  • Families with net worth less than $1 Million (includes home equity and non-retirement investments).

MAI FLEX (K-7)

This program is designed to allow K-7 families to pay a flexible tuition that varies with income. 

For students entering Kindergarten in September 2017, the calculation is 6% of AGI, with a minimum tuition of $14,490 -- both guaranteed for 3 years!

For those who entered the MAI Tuition program as Kindergarten students this year (2016-17) or in 2015-16, the 6% percentage calculation remains the same for the 2017-18 school year.

 

Category % of AGI for
2017-18
Minimum Tuition1
New K students 6% through 2nd Grade2 14,490
ES students (1st - 5th Grades) 7%2 16,265
6th and 7th Grade Students 9%2 20,380

1 Registration fee is not included.

2 AGI percentages are for the 2017-18 school year, with the exception of new K students who have a fixed 3-year 6% AGI guarantee.

MAI DISCOUNT (K-12)

The "MAI Discount" program gives a percentage discount based on income and the number of children a family has at Maimonides.

 

Adjusted Gross Income   Number of Children at Maimonides
        1 2 3 4 5
100,000 to 125,000   20% 20% 20% 20% 20%
125,001 to 150,000   15% 20% 20% 20% 20%
150,001 to 175,000   10% 20% 20% 20% 20%
175,001 to 200,000   5% 15% 20% 20% 20%
200,001 to 225,000   5% 10% 20% 20% 20%
225,001 to 250,000   0% 10% 15% 20% 20%
250,001 to 275,000   0% 10% 10% 20% 20%
275,001 to 300,000   0% 10% 10% 15% 20%
300,001 to 325,000   0% 10% 10% 10% 20%
325,001 to 350,000   0% 0% 5% 10% 15%
350,001 to 375,000   0% 0% 5% 10% 15%
375,001 to 400,000   0% 0% 0% 5% 10%
400,001+ to     N/A N/A N/A N/A N/A

 

Please note that the MAI Tuition program is possible due to enrollment stability and growth. It is a pilot program, but increases in future enrollment will increase the likelihood that we will be able to continue the program in subsequent years. 


Click here for MAI Tuition FAQ's (Frequently Asked Questions)

Click here for sample MAI Tuition calculations

Application for "MAI Tuition" program (downloadable pdf)