CRMS uses School and Student Services (SSS) to process financial aid applications. Based on the financial information families provide in the Parents’ Financial Statement, SSS provides an estimated amount a family can contribute to educational expenses. This estimate is a starting point to help the financial-aid committee make fair and objective financial-aid decisions.
To be eligible for consideration for financial aid, families must complete the Parents’ Financial Statement (PFS) and submit all supporting documents, including 2017 tax returns.
To begin a financial aid application for the upcoming school year, please follow the steps below:
Step 1: Complete a Parent Financial Statement (PFS) Online
1. Go to sssbynais.org/parents
to enter the PFS Online.
2. Create your PFS Online account with your email address and a password. If you applied for financial aid last year, log in to the PFS Online as a Returning Family, using the email address and password you set up last year.
3. Begin a PFS for Academic Year 2018-19. You can log out of the PFS Online at any time and return later to complete it.
4. After you have pressed “Submit,” you’ll be brought to a payment screen. The fee of $42 is nonrefundable. Once your PFS is submitted, it cannot be withdrawn from the SSS system.
Step 2: Submit Supporting Materials to CRMS
1. 2017 IRS Form W2 and/or 1099 earning statements
2. 2016 and 2017 IRS Form 1040 with all supporting schedules
3. 2017 Student tax returns – if applicable
4. 2016 and 2017 Business Tax Returns – required only for parents who own a business and/or a farm
Step 3: Submit a Personal Letter to CRMS
Families are invited to submit a personal letter to the Financial Aid Committee outlining any individual circumstances that the Financial Aid Committee should consider when determining your financial aid. Please be as specific as possible with dates and figures.
Need-based financial aid is not automatically renewable. Every financial aid 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 School and Student Services for Financial Aid (SSS). Unless new information comes to light, and as long as financial circumstances remain the same, the Financial Aid Committee’s goal is to maintain funding at proportionate levels over a student’s years of enrollment. Current CRMS families who are not on financial aid and who have experienced unexpected financial difficulties may apply for financial assistance for the following school year.
CRMS reserves the right to amend awards if new information comes to light after enrollment.
When the mother or father does not work, and there are no preschool children at home, the cost of an annual day student tuition will be added to the income of the family
Parent(s) in school:
If either parent returns to school and is not working, the cost of an annual day student tuition will be added to the income of the family.
Additional information request:
CRMS reserves the right to request additional financial information from aid applicants at any time.
Parents who own a business or a farm: All parents who own a business/farm will be required to furnish a copy of their current business tax return.
Parents are required to furnish a copy of the student's tax return, if applicable.
Computations based on the PFS will be adjusted to reflect figures shown on the tax forms. Funds will not be reserved for those whose PFS or tax forms are received after the deadlines.
Financial aid decisions:
An application for financial aid is considered only after a student has been admitted to CRMS.
CRMS financial aid waiting list: Admitted students who qualify for need-based financial aid outnumber those who CRMS can afford to support; therefore, some admitted students will be invited to accept waiting-list status for financial aid.
Financial aid and spring/summer admission:
Aid awards are made in the summer as, and if, funds become available.
Native American Scholarship
CRMS has a long history of education about and involvement in the Native American culture. Generous donations from alumni and parents have funded endowments that support two Native American scholarships. To be considered for a Native American Scholarship, please complete the regular financial aid process (outlined above). Applicants must also complete the Native American Scholarship Application Form.
Payment Options and Loan Information
The CRMS Business Office has compiled a helpful Financing a CRMS Education booklet, which details payment and financing options, as well as third-party loan options.
Frequently Asked Questions
How is financial aid determined?
To determine need, CRMS uses the services of the School and Student Service (SSS) for Financial Aid in Princeton, N.J. 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 Financial Aid 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 financial aid 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 Financial Aid 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.
Does the school offer Merit Scholarships?
CRMS does not have a formal merit scholarship program.
For more information about financial aid, please contact Molly Dorais