How is tuition assistance determined?
To determine need, CRMS uses the services of the Clarity Financial Aid. This service utilizes information provided by the family on a Parents’ Financial Statement (PFS) form, which asks for income, expenses, assets, and liability information. Families send the original completed PFS form to the School and Student Service online through their website. SSS computes this information and determines an estimated need. The Report of Family Contribution is sent from Princeton to CRMS, and the CRMS Tuition Assistance Committee uses this estimated need as a guideline in making awards, in conjunction with an assessment of the supplementary materials submitted with the application.
How much tuition assistance can I expect to receive?
Each case is considered individually, but every family should expect to contribute something toward their child’s education – typically a minimum of $10,000-12,000. The total amount received will be based on demonstrated financial need, academic record, extracurricular activities, and character.
What if there is a situation involving divorced or separated parents?
CRMS expects both the custodial and non-custodial parents to participate in the support of their child. It is up to all parties involved to communicate and participate in good faith in the financial responsibilities. CRMS does not interpret divorce or legal separation decrees.
What if I do not have my tax return completed by the deadline?
A copy of the most recent year tax return is required in order to cross-reference the information provided on the Parents' Financial Statement. In some instances, at the sole discretion of the Tuition Assistance Committee, a preliminary award can be made and then finalized upon receipt of your most recent tax return. Priority and funding will be allocated first to families who submitted complete applications.
What about award renewals? Can I expect the same award each year?
Need-based tuition assistance is not automatically renewable. Every tuition assistance award is made for one year only and will be reviewed annually. Each year and for each child, parents must submit the necessary forms to Clarity Financial Aid. Unless new information comes to light, and as long as financial circumstances remain the same, the Tuition Assistance Committee’s goal is to maintain funding at proportionate levels over the years that the student is enrolled. Current CRMS families who are not receiving tuition assistance and who have experienced unexpected financial difficulties may apply for aid for the following school year.
CRMS reserves the right to amend awards if new information comes to light after enrollment.
Does the school offer Merit Scholarships?
CRMS does not have a formal merit scholarship program.
For answers to additional questions about tuition assistance, please contact Molly Dorais.
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