Thank you for your interest in Cannon School's financial aid program. As outlined in the Financial Aid Purpose Statement and Priorities, Cannon School strives to make an independent school education available to families of various financial means.
Cannon School adheres to the National Association of Independent Schools (NAIS) "Principles of Good Practice for Financial Aid Administration" which recognizes that families bear the primary responsibility for financing their children’s education.
Please consider the following as you prepare to submit your application for financial aid:
Applications can be completed at sss.nais.org (Cannon's ID Number is: 1981)
The application fee is $48.
We require both custodial and non-custodial parents to file financial aid forms.
Financial Aid grants are need-based and do not need to be repaid.
The deadline for Financial Aid applications is February 15. (Applications received after the deadline will be processed if funds are available.)
No financial aid grants cover the full cost of tuition at Cannon School. Families receiving the "maximum" grant at Cannon are required to pay $3,000 per year, per student for tuition. (Please note that some fees associated with attending Cannon School are not covered by financial aid grants.)
Cannon School's financial aid policy requires a signed copy of the family's current year Federal Tax Return (1040) to be submitted, along with the application, to SSS by NAIS. Families are encouraged to file their tax returns by mid-February. Financial Aid grants cannot be finalized without a current tax return on file. Our policy requires full disclosure of assets.
Applications for financial aid must be submitted annually.
Cannon School's financial aid program is administered in the strictest of confidence. We request that recipients and their families keep their grant information confidential as well.
The deadline for submission of Financial Aid applications is February 15.
If you have any questions related to financial aid, please feel free to contact Bill Diskin, Director of Admission and Financial Aid at email@example.com.
Financial Aid Application Process
As a member of the National Association of Independent Schools (NAIS), Cannon School utilizes School and Student Services (SSS) by NAIS to process all financial aid applications. This application and the required supporting documents assist the Financial Aid Committee in determining a financial aid grant amount. Completing the entire application process online is the fastest and most secure way to provide all necessary information.
Step 1: Complete and submit the SSS Parents’ Financial Statement (PFS) application online at sss.nais.org by February 15.
(Please upload your tax documents directly to the SSS website as instructed by SSS at sss.nais.org. This is the preferred collection method.)
Step 2: Upload copies of the following items after submitting PFS:
Current year's federal tax return (1040)
Current year's W2s
(Please upload copies of your tax documents directly to the SSS website as instructed by SSS at sss.nais.org.)
Step 3: Please mail or deliver copies of the items in the following list (as appropriate) to Cannon School’s Financial Aid office at the address below:
Divorce or separation decree that indicates any financial responsibility related to cost of education by either partner
Unemployment or severance agreements
Director of Financial Aid
5801 Poplar Tent Road
Concord, NC 28027
*The deadline for Financial Aid applications is February 15.
Step 4: Decisions. Financial aid grants will not be finalized until all appropriate forms mentioned above have been received. Parents are notified of grant decisions by letter. No financial aid grant will be offered until the student’s enrollment application is processed and the student is offered enrollment at Cannon School. While first consideration will be given to applications received by the above deadline, applications received after February 15 will be reviewed on a rolling basis depending on availability of funds.
Cannon School partners with School and Student Services by NAIS (SSS) to process financial aid grants. A financial aid committee (Director of Financial Aid, Director of Business and Finance, Admission Coordinator), following qualification guidelines reported by SSS, determines the amount of each applicant's annual grant.
All financial aid grants at Cannon School are need-based
No financial aid grant at Cannon School is greater than 85% of the full tuition. (That is, in cases where a family qualifies, according to SSS, for "full" funding, Cannon School requires the family to pay $3,000 of tuition per student per year, not including incidentals.)
Assuming a family's financial profile remains constant, they can expect to receive financial aid grants at consistent levels in the years ahead. SSS applications must be submitted annually (Due every Feb. 15)
After receiving the financial profile information submitted by the family, SSS generates a report, the Estimated Family Contribution (EFC) which details an estimate of a family's ability to pay independent school tuition.
Our Financial Aid Committee uses the EFC to guide its decision on the grant amount to be offered.
There are opportunities within the SSS application process for families to articulate short-term financial difficulties that might temporarily impact their ability to pay full tuition.
Once the financial aid committee reaches a decision, the family is notified via electronic letter. Parents sign and submit an acceptance of grant letter and Cannon’s billing office adjusts their account accordingly.
Typically, financial aid decision notification letters are sent to families between March 1 and March 20.