CVA is a member of the School and Student Service for Financial Aid (SSS) which assists schools in determining financial need through a standardized application (PFS) and computation process in order to most equitably assess a family's ability to pay for a private education. The role of SSS is to make a recommendation to CVA for the amount a family can afford to pay based on the information a family provides. CVA applies its policies to the calculation made by SSS. The Financial Aid Committee makes the decision on whether to award aid and also determines the amount to be awarded in the form of grants.
Currently, it is CVA's policy to recalculate the numbers received from SSS. CVA has increased the Income Protection Allowance, which reflects the dollar amount needed to cover basic necessities and is based on the number of family members in a household.
