Caedmon Financial Aid

Please note: The Caedmon School is now using TADS as our Financial Aid service.  This program came highly recommended by many other Independent Schools.  We believe that parents will find this new service manageable and accessible

What is Financial Aid?

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.

How do we know if we qualify for Financial Aid?
Who is awarded Financial Aid?

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.

How are Financial Aid awards determined?

The first step in the process of applying for financial aid is to visit the TADS website (www.mytads.com) to access the application form. Upon completion, this form should be submitted to TADS along with the $34 processing fee. Separated and divorced parents must each submit a form. TADS uses the submitted information to generate a Family Report for the Financial Aid committee that summarizes a family’s financial situation. The Caedmon School receives a copy of this report directly from TADS and uses that information, in addition to the supporting documents submitted by the family, to determine a family’s Financial Aid award.

What information is required to apply for Financial Aid?
What is the deadline for submitting an application?

Parents should not submit any information directly to The Caedmon School. All applications and supporting documents must be submitted directly to TADS at www.mytads.com. Any documents sent to the School will be returned to the family to be correctly submitted to TADS.

The following link is a Financial Aid worksheet which shows what information will be necessary to provide:

Click here to apply at tads.com 

Families currently enrolled at the School must submit complete applications by December 10, 2013.

Families applying their child to begin at the School in September 2014 must submit completed applications by January 13, 2014.

The following documents are required for both current Caedmon families as well as prospective Caedmon families:
• Household members’ most recently completed federal tax forms (personal and businesses owned).
• W-2’s from each job held by household members.
• Most recent pay stub from each job held by household members.
• Documents that establish the amount of miscellaneous monthly or yearly income you currently receive (i.e., welfare, food stamps, unemployment, workers’ compensation, etc.).
• All corporate, partnership, and trust forms if a household member owns 20% or more interest in a corporation, partnership or trust.

TADS provides a number of support services:

• Online Chat: http://www.mytads.com/
• Email: support@tads.com
• Mailing Address: 1201 Hawthorne Avenue, Suite 100 Minneapolis, MN 55403
• Family Helpline: 1-800-477-8237 or 1-800-884-8237 (Monday – Friday 8:00 – 8:00 Central time)
• Fax Number: 1-612-548-3326

Applicants should 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 know that we will be respectful of each family’s privacy.

What if a spouse or partner is not employed outside the home?

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.

What does it cost to apply for Financial Aid?

The Caedmon School does not charge an application fee to families who apply for Financial Aid. TADS charges $34 as a processing fee.

What if we are separated or divorced? Who is required to submit financial information?

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.

When will we be notified of the Financial Aid Committee’s decision?

Applicant Families

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 27, 2014. Families applying to Kindergarten or 1st grade will be notified on February 7, 2014. Families applying to 2nd through 5th grades will be notified on February 4, 2014.

Current Caedmon Families

Financial Aid award letters are mailed with re-enrollment contracts in mid-January.

What must we do to continue receiving Financial Aid?

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 application with TADS by the deadline 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.

If we have questions at any point during the Financial Aid application process, whom at The Caedmon School should we contact?

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:

• Erica Papir, Director of Admissions, admissions@caedmonschool.org
• Simon Prosser, Director of Finance, sprosser@caedmonschool.org

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