Financial Aid FAQs
Questions about the financial aid process? We invite you to review the FAQs below. Our team is also happy to address your individual questions directly; simply email Carrie Healy, our Director of Admissions and Financial Aid.
During the Application Process
- Does Commonwealth offer merit-based grants or scholarships?
- Do families ever have to pay back financial aid?
- How do families know whether they are eligible for financial aid?
- Does applying for financial aid affect admission decisions?
- What is the policy for parents/guardians who are divorced, separated, or single?
- What if we would like assistance completing the Parents’ Financial Statement (PFS)?
Does Commonwealth offer merit-based grants or scholarships?
Do families ever have to pay back financial aid?
How do families know whether they are eligible for financial aid?
Does applying for financial aid affect admission decisions?
What is the policy for parents/guardians who are divorced, separated, or single?
What if we would like assistance completing the Parents’ Financial Statement (PFS)?
After Financial Aid Is Granted
- What is included in financial aid? Are there other costs families should anticipate?
- How do families manage transportation costs?
- How do families pay for extra expenses like tutoring or school trips?
- Are there payment plans that help families manage costs?
- Do families reapply for financial aid each year?
- Will the financial aid grant stay the same from year to year?