Lake Highland Preparatory School strives to provide socioeconomic diversity within our school. We recognize the educational value for all students if the student body is socioeconomically diverse. Our financial aid program was established to enroll highly qualified students who otherwise would not be able to attend Lake Highland Prep due to financial reasons.
Lake Highland Prep offers need-based financial aid to qualified families with students in Grades 6-12. Financial aid must be applied for and evaluated annually. The application process for financial aid is self-managed and allows families to track each step from start to finish. Lake Highland Prep does not offer academic or athletic scholarships. Additionally, Lake Highland Prep limits the awarding of financial aid to two children per family at a time. International students are not eligible for financial aid.
To objectively determine each family’s need for aid, we use Independent School Management’s program, Financial Aid for School Tuition (FAST). FAST provides the school with a detailed analysis including a recommendation of how much a family could reasonably contribute toward tuition. FAST does not determine whether financial assistance will be given or how much to give; FAST does provide a need-based financial aid analysis service. All information from FAST is kept confidential.
In order to receive financial aid, candidates must:
- Be accepted to Lake Highland Prep
- Have a solid academic record with at least a 2.5 GPA
- Have strong character and integrity
- Be involved in activities outside the classroom
- Be current with financial obligations to Lake Highland Prep
Candidates who fail to provide the required information, do not follow the guidelines, or miss deadlines may not be considered by the Financial Aid Committee.
FINANCIAL AID TIMELINE
- January 1, 2018 - FAST begins accepting applications for school year 2018-2019
- April 15, 2018 - FAST deadline for receiving your 2017 tax return and W-2 forms
- April 2018 - LHPS Financial Aid Committee meetings
- April 26, 2018 - Financial Aid decision letters are emailed
Financial Aid questions? Please contact Forrest White, Admission Specialist, at (407) 206-1900 x3324.
Lake Highland Prep awards financial aid to students without regard to race, gender, religion, national origin, or disability.
Financial Aid FAQs
When should I apply for financial aid?
Parents should begin the financial aid application process at the same time they submit admission materials. In order for your student’s file to be reviewed by the financial aid committee, they must first complete the admission process and be accepted to Lake Highland Prep. Your cooperation by promptly submitting the FAST application and your 2017 tax information (1040 and W-2) is critical to receiving a timely decision. You will receive email updates from both Lake Highland Prep and FAST on your application status. It is important to check your email regularly during the process to ensure your application is complete. The Financial Aid Committee at Lake Highland Prep cannot award financial aid without complete financial data from FAST. Late submission jeopardizes the possibility of an award for your student since requests for aid usually exceed the funds available.
How do I apply for financial aid?
Step 1. CLICK on this icon:
FAST requires a fee of $43.00 payable by Visa or MasterCard.
FAST HELP is only a phone call or e-mail away.
Toll-free phone: 1-877-326-FAST (3278)
Call Center hours are 24/7/365
Step 2. FILE
tax return early
- The FAST deadline for receiving your 2017 tax information is April 15, 2018.
- Once the April deadline has passed, families may still apply for aid with the understanding that financial aid funds may not be available. Please contact Forrest White at (407) 206-1900 x3324 to discuss availability of funds prior to completing the FAST application.
Step 3. MAIL copies of your 2017 tax return (1040) and W-2 forms to the address below:
Please use the FAST Quick Processing System to print a bar code page to mail with your tax documents. Bar coded taxes get priority handling!
1316 North Union St. Wilmington, DE 19806
You must put "Lake Highland Prep" on the front of the envelope under your return address.
Does a request for financial aid affect the admission decision?
No, Lake Highland Prep has an aid-blind admission policy. Admission Committee members do not know who is requesting financial aid.
How are financial aid awards determined?
Financial aid awards at Lake Highland Prep are based strictly on 1) financial need of the family, as demonstrated through the FAST application and a review of the parents’ 2017 1040 tax form and 2) available financial aid funds. The income, expenses, assets, and liabilities of both parents are considered.
May financial aid decisions be appealed?
No, Lake Highland Prep enlists FAST to precisely compute each family's need for assistance. Financial aid decisions are definitive and not subject to appeal following the communication of awards.
Is there a limit to the number of children in a family receiving financial aid?
Yes, Lake Highland Prep limits the awarding of financial aid to two children per family at a time.
Only one parent works outside the home. Must both parents be employed to receive financial aid?
Generally, yes, if all children in the family are in school.
If parents are divorced or separated, do you require both parents to complete the FAST financial aid process?
Yes, the income, expenses, assets, and liabilities of both parents are considered. Custodial and non-custodial parents are required to complete the FAST application and submit copies of their 2017
Remarriage of either parent creates a new family unit. On the FAST application, each parent should include information relating to their “new” family, specifically financial information on a new spouse (step-parent).
The Financial Aid Committee at Lake Highland Prep considers both parents’ ability to contribute to tuition, not their willingness. It is the custodial parent’s responsibility to ensure that the FAST application is completed by all parties by April 15, 2018