CCS uses ISM’s (Independent School Management’s) online service Financial Aid for School Tuition (FAST) to process our tuition assistance applications.
CCS also has some basic guidelines when processing your tuition assistance applications. Due to limited funds to distribute, a guideline that is first reviewed is whether or not you are paying full-tuition rates. Families in only SK or Jubilee School do not qualify for CCS tuition assistance as those tuitions are already set at a discounted rate. These families are still encouraged to contact the Finance Manager as there are 3rd party Bursary Programs which the school can apply for on your behalf. Some other key considerations include whether your family is current with their present tuition payments and if your total tuition payments would exceed 15% of your family’s gross combined income.
FAST does not decide what amount your family is eligible to receive. Rather, FAST provides a financial aid analysis and then includes a recommendation of what a family should reasonably contribute toward tuition. All information from FAST is kept confidential. Recommendation results are reviewed by the CCS Finance Committee who will make the final determination regarding the amounts to be awarded. These decisions are based on the Board’s policies and next year’s budget. Once these determinations are made, notices will be sent to the individual families and they will be able to complete the school’s Tuition & Fees form for the upcoming school year.
When you are ready to begin, you can go directly to our CCS schools’
The application process is self-guided. You may navigate in and out of the program allowing you to partially complete an application and go back to it at another time. Online e-mail and a 24/7 helpline is provided. Please do not call the school with specific questions about the application process. The customer service at FAST is very helpful!
The online submissions are accepted from April 1st until May 1st. These applications will be reviewed and awards determined around the end May. Applications completed after May 1st will be reviewed and awards determined on a monthly basis right through the summer, but the awards may be limited by the amount of available bursary that remains in our fund.
The goal is to have an award determination sent to you quickly after the middle of the May – so that your family will have all the information in your hands as you make decisions for next year.
While no financial aid procedure can be perfectly equitable – there are simply too many individual factors and extenuating circumstances – this new process has been selected because we believe it will serve our CCS community very well. Among its many features is the ability to ensure the confidential handling of your financial data, and the ability to balance the wide variety of circumstances we find among our families.
**INFORMATION TO HAVE AT HAND FOR COMPLETING YOUR FAST APPLICATION**
Canadian Tax Forms
- Most recent federal forms
- Copies of all supporting tax schedules
- T-slips (such as T4, T4A, T3, T5)
- Fishing/Farming – T2121, T2042
- Rental Property – T776
- Corporation – Latest Financial Statements prepared by auditors
- Partnership – L122, Schedule 4 (Part III), T5013 or T5013A
- Trusts – T1142 if applicable
- Year-end statement from your mortgage holder including original mortgage value
- Bank statements
- Brokerage statements
- Insurance costs for home, life, auto, and health
- Utility information
- Medical records and expenses
- Retirement account information