Cheshire Academy requires all families to complete and submit the Parents’ Financial Statement (PFS) form through School and Student Services (SSS). Click here to begin the application on SSS. In addition to the PFS, all families must submit to SSS a filed IRS Form 1040 tax return with all schedules for 2020 and 2021, as well as all W-2s for 2022.

Cheshire Academy has a limited financial aid budget and we are not able to guarantee that financial aid will be available to late applicants or students who begin at Cheshire Academy paying the full tuition. Thus, it is best for a family to apply for financial aid by the financial aid application deadline rather than waiting until the applicant has been accepted for admission or already enrolled in the school.

Cheshire Academy considers a family’s income, assets, and the number of siblings enrolled in tuition-charging schools in order to qualify a family for financial aid. In situations where one parent of a two-parent household chooses not to work full time and there are no preschool-aged children in the home, Cheshire Academy will add $25,000 to the family’s income when determining the family’s financial need.

Cheshire Academy considers a family’s income, assets, and the number of siblings enrolled in tuition-charging schools in order to qualify. Cheshire Academy subscribes to the guiding principle that the primary responsibility for the cost of a child’s education resides with the family and that financial aid must be based on demonstrated need, not on willingness or unwillingness to pay. We expect that each family will make the funding of their child’s education a priority. The Financial Aid Committee utilizes all data provided through the PFS (Parents’ Financial Statement), tax documents including, but not limited to two years of a Federally filed 1040. All documentation is submitted to and verified by SSS to determine a family’s “demonstrated need” – demonstrated need is the difference between the cost of education at Cheshire Academy and a family’s expected contribution to that education as a percent of your discretionary income.

Cheshire Academy requires all families to complete and submit the Parents’ Financial Statement (PFS) form through School and Student Services (SSS). Click here to begin the application on SSS.

Cheshire Academy has a limited financial aid budget, and we are not able to guarantee that financial aid will be available to late applicants or students who begin at Cheshire Academy paying the full tuition. Thus, it is best for a family to apply for financial aid by the financial aid application deadline rather than waiting until the applicant has been accepted for admission or already enrolled in the school.

A family who receives a financial aid award in their first year can expect to pay a similar amount of tuition each year that their child is enrolled at Cheshire Academy, assuming their financial circumstances do not change.

Families enrolling at Cheshire Academy should be aware that it is unlikely they will receive additional financial aid in future years, beyond the original amount awarded, unless they are able to clearly demonstrate (in writing, with supporting documentation) a significant, unexpected change in their financial situation.

While we make every effort to accommodate circumstances beyond a family’s control, such as loss of a job or an unexpected illness, we have a limited financial aid budget and cannot guarantee meeting a change of need. Cheshire Academy reserves the right to decrease an applicant’s award in the event a family’s financial situation changes for the better (i.e. attain a new job, a salary raise, a sibling graduates college, etc.). Cheshire Academy also reserves the right to increase tuition in a given year and in doing so, families should anticipate having to increase their contribution toward tuition.

All financial aid decisions for newly accepted families will be given at the time of an admission decision.

The Plitt Loan

Through the generosity of The Clarence Manger and Audrey Cordero Plitt Trust, Plitt loans may be available to families who either did not qualify for financial aid or feel they need additional support to bridge the gap between their financial aid award and the cost for their student to attend CA. These loans allow families to pay for tuition in regular monthly installments at competitive interest rates, over a five-year period after graduating from the Academy.  Interest does not begin to accrue on loan principal until such time as the loan payments begin.  For more information on Plitt Loans, please contact CFO Matthew R. Piechota at matthew.piechota@cheshireacademy.org.

Commercial Loan

Bank loans at commercial interest rates may be available to all families for a loan to help cover the costs associated with enrollment. Also, Cheshire Academy works with Your Tuition Solution, www.yourtuitionsolution.com.