The Caedmon School does not discriminate against students because of gender, race, religion, color, disability, nationality, ethnic origin, or sexual orientation in any of the rights, privileges, programs, and activities generally accorded or made available to the students at the school. It does not discriminate on the basis of gender, race, religion, color, disability, nationality, ethnic origin, or sexual orientation in the administration of its educational policies and other school administered programs.
Socioeconomic diversity is a valued component of The Caedmon School’s mission. We strive to be supportive and inclusive of families from diverse backgrounds and experiences. The School recognizes that paying independent school tuition is a significant financial commitment. The Financial Aid program at The Caedmon School provides assistance to families who require some financial support in order to enroll their child. The Caedmon School considers financial need to be the difference between what it costs to attend The Caedmon School and a family’s ability to pay the tuition, as demonstrated in the Financial Aid application.
Financial Aid is not a loan. It is a financial grant awarded by the School to a family. Each year, all families receiving Financial Aid are responsible for contributing at least a minimal amount towards their child’s education. The amount of tuition that a family is responsible for each year is likely to increase slightly since tuition is raised annually. Financial Aid is funded from The Caedmon School’s operating budget and the money donated to the Annual Fund by families and friends.
The Caedmon School offers Financial Aid to families with a wide range of financial situations. Most families adjust their spending priorities, maximize family earnings, and carefully manage assets in order to pay tuition. As each family’s circumstances are different, the School cannot provide firm guidelines to help a family decide whether to apply for Financial Aid. The Financial Aid Committee’s awards are based on a variety of factors including income, assets (including home equity, college funds and investments), family size, and the number of children attending institutions charging tuition. In addition, The Caedmon School seriously considers each family’s entire financial picture and extenuating circumstances when deciding on Financial Aid awards and assumes each family has provided an honest assessment of its ability to pay tuition.
Families submit a Parents’ Financial Statement (PFS) application form to School and Student Service (SSS). Separated and divorced parents must each submit a PFS form. SSS uses the submitted information to generate a Family Report that summarizes a family’s financial situation. The Caedmon School receives a copy of this report directly from SSS and uses that information, in addition to the supporting documents submitted by the family, to determine a family’s Financial Aid award.
The Financial Aid Committee must receive a complete application or it will not be reviewed.
Families currently enrolled at the School must submit complete applications by December 10, 2012.
Families applying their child to begin at the School in September 2013 must
submit completed applications by January 14, 2013.
The Financial Aid Committee processes all aspects of financial aid applications through the School and Student Service (SSS) website http://sss.nais.org/. Parents should not submit any Parents Financial Statement (PFS) applications or other documents directly to the school. Instead, all PFS forms should be completed only on the SSS website.
The following documents are required for both current Caedmon families as well as prospective Caedmon families. Families should upload the required supporting documents directly to the SSS website.
The Parents’ Financial Statement application (PFS) can be found at http://sss.nais.org/. The Caedmon School code for SSS is 1984.
In support of the PFS, we also require that parents upload the following to SSS:
2010 and 2011 1040 Tax forms (no schedules required)
2010 and 2011 W2 forms
If applicable, 2010 and 2011 Business/Farm statements for business owners.
Applicants can be assured that Financial Aid applications and supporting documents are strictly confidential and will only be reviewed by members of the Financial Aid Committee. Families will be required to share details of their financial situation, which we know is very personal information. Please be assured that we will be respectful of each family’s privacy.
The Caedmon School believes that families, to the best of their ability, should bear the primary responsibility for financing their children’s education. Therefore we expect that, if able and available, both parents or guardians will contribute financially. However, each application is evaluated individually and specific circumstances are taken into account.
The Caedmon School does not charge an application fee to families who apply for Financial Aid. SSS charges $22 for the first school to which a family applies, and $13 for each additional school to which a family applies. This fee is nonrefundable.
The Financial Aid Committee considers a family’s entire financial situation, reflecting all income and expenses. Domestic partners, stepparents and non-custodial parents must also submit financial information. Please contact Erica Papir or Simon Prosser if there is an exceptional circumstance that prevents both parents from submitting applications, and the Committee will determine the appropriate way to proceed.
Families who have applied for Financial Aid will be notified of the Financial Aid Committee’s decision at the same time families are notified of admissions decisions. Families applying to Beginners or Early Program will be notified on February 28, 2013. Families applying to Kindergarten or 1st grade will be notified on February 8, 2013. Families applying to 2nd through 5th grades will be notified on February 4, 2013.
Current Caedmon Families
Financial Aid award letters are mailed with re-enrollment contracts in mid-January.
All families who receive Financial Aid must submit applications for every year that their child is enrolled at The Caedmon School in order to continue receiving Financial Aid. It is essential that families adhere to the deadlines when submitting applications. Failure to file your PFS form with SSS by the deadlines will most likely result in a returning student’s loss of his or her continuing award. Applications are reviewed each year and the size of a Financial Aid grant is subject to change based on the family’s current financial circumstances.
The Caedmon School recognizes that many families may have questions and we are here to support you throughout the Financial Aid process. Please feel free to contact the Financial Aid Co-Chairs for assistance. You may either call 212-879-2296 or email: