Tips on Completing the Parents' Financial Statement (PFS)
As families work to complete the Parents' Financial Statement (PFS), the Penn Charter Financial Aid Office encourages you to keep in mind the following:

General Guidelines
1. You should complete the Parent Financial Statement (PFS) as soon as you can. Where necessary, estimate information to the best of your ability, so that SSS responds with their report as soon as possible.
2. Do not leave any items blank. If nothing to report, than put a zero ("0") in the space.
3. Where the number or letter of an item is circled such as 9F, 11, 12C, 16A, 17, 18B, 19, 21, 22A, 22C, 23, 24, 26J, 27G, 27I, 29D and 29E, you must explain any unusual expenses or circumstances in section 32, unless it is zero or does not apply to you.
4. In the case of a family where the parents are divorced and/or separated, income and asset information must be provided for each, when both are involved in the support of the child. If it proves difficult for both to fill out a separate PFS form, then a note should be sent explaining the situation, and tax forms must be sent to the school for the parent not filing a PFS form.

Specific Items
Note: At the beginning of the form you can include information for up to three student applicants to independent schools (see "Student A, Student B and Student C" in Part I, A). Be alert to various places on the form where information is requested about each applicant.
#7A: We encourage you to receive your own report, though there is a fee, since it will help you understand how they arrive at your expected contribution. (Enter "Family Report" under "School name" and the "SSS Code no." is "9000".) This is in addition to listing all schools you wish to receive a report, including the William Penn Charter School. Our SSS code is 8218.
#9C: If there is a number here, there must be something
in #20 and/or #21.
#9E: If there is a number here, there must be something
in #23 A, B, C.
#22A: Please look on page 7 in the "Instruction Booklet" for those appropriate debts to enter here.
#22C: Please look on pages 6-7 in the "Instruction Booklet" for those consumer debts appropriate to enter here.
#25A/B: Please be realistic as to what you can afford for educational expenses, keeping in mind that there are no full tuition grants of aid. You need to explore all possible family resources in arriving at this figure.


Conclusion
1. If mailing the form, be sure to sign it and enclose a check for processing. Note: Fill out the enclosed postcard (attach stamp) to be notified that SSS received your forms. Be sure to keep a copy for your records.
2. If there are any unusual family circumstances that need explanation beyond the opportunity provided in the PFS, write a letter and send it to me at Penn Charter.