Within the parameters of our financial aid budget, Cambridge School strives to provide assistance for qualified students who are admitted to our program and can demonstrate financial need.
Financial aid is awarded on the basis of financial need, and Cambridge School does not discriminate on the basis of race, religion, or national origin. Grants are also dependent on the availability of funds and the family’s fulfillment of their contractual obligations. Allocation of available funds is the responsibility of the Financial Aid Committee. All financial aid applications are kept in the strictest confidence.
Families that wish to be considered for financial aid must file annual financial statements to the “School and Student Service for Financial Aid” in Princeton, New Jersey.
To be considered for financial aid for the 2011-2012 school year, financial statements must be filed on or before January 14, 2011.
Financial Aid Checklist
Grants will be awarded not only on the basis of need but also on the availability of funds and the family’s fulfillment of their contractual obligations.
In order for Cambridge to meet the requirements of a financial aid audit, we must have all of the following information and documentation on file before a family will be considered for aid. In addition, to be considered for financial assistance, families must adhere to the following deadlines:
- The deadline for on-line completion or mailing the Parents’ Financial Statement (PFS) with payment directly to School and Student Services for Financial Aid (SSS) is January 15, 2010. To expedite the process, we recommend that you complete the PFS online at www.nais.org/financialaid/sss, but if preferred, you may request a paper copy of the PFS from the School Office when submitting your application for enrollment.
- Whether you submit the PFS online or mail a paper copy, please provide Cambridge with a copy of the completed PFS form. This copy will alert us that you wish to be considered for financial aid should SSS fail to receive or accurately compute your data.
- Cambridge School (SSS ID 1922) should be designated as a recipient of the report in section 7A. For an additional fee, we also recommend that you request a family report by designating SSS ID 9000 in section 7A of the PFS. Doing so will enable you to receive a copy of the report which includes the Estimated Parental Contribution upon which your financial need is determined.
- If you have any unusual circumstances that are not well explained or quantified on the Parents’ Financial Statement, please explain in writing to the Cambridge School Financial Aid Committee the circumstances and their impact on your family’s personal or financial decisions and/or resources.
- A copy of your 2009 Federal Tax Form 1040, including all attachments and schedules, must be submitted to Cambridge School no later than January 15, 2010. If the 2009 forms are not available before January 15th, please submit a copy of your 2008 Federal Tax Forms. In the case where the estimated and reported income amounts are significantly different, the Cambridge Financial Aid Committee reserves the right to recalculate the award amount and issue a new contract.
- If you are the owner of a business or farm, please complete the Business and Farm Statement. This form should be mailed directly to Cambridge School no later than January 14, 2011.
- In the case of divorced or separated parents or parents who have never married, both natural parents are required to complete a PFS. If either natural parent remarries, Cambridge does consider the resources of the step-parent, bearing in mind the obligations to his/her natural children.
- Financial aid award decisions will be mailed on March 1, 2010.
- Families who have been awarded aid on the basis of their 2008 tax forms are required to submit copies of their 2009 Federal Form 1040, including attachments and schedules, to Cambridge School no later than April 15, 2010.
Questions about the financial aid process may be directed to the Laura Karey in the Admission and Financial Aid Office at 410-486-8792.