A priority for Lake Highland Preparatory School is to provide socioeconomic diversity within our school. We recognize the educational value for all students if the student body is diverse in many ways. 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 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. LHPS does not offer academic, athletic, or other merit-based scholarships. Additionally, Lake Highland 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 provides 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 and enrolled at Lake Highland Preparatory School
- Have a solid academic record and remain in good academic standing
- Have strong character and integrity
- Be involved in activities outside the classroom
- Be current with financial obligations to Lake Highland
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
The deadline for receiving need-based financial aid applications through the ISM FAST portal for SY 2019-20 was April 15, 2019. Prior to applying, please contact admission specialist Forrest White at 407-206-1900 ext. 3324 to discuss availability of financial aid funds.
- January 1, 2020 - FAST begins accepting applications for school year 2020-2021
- April 15, 2020 - FAST deadline for receiving your 2019 tax return(s) and W-2 form(s)
- April 22, 2020 - LHPS Financial Aid Committee meetings
- May 4, 2020 - 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?
The FAST system opens their portal on January 1, 2020. At that time, both current and newly enrolled students may begin to submit Financial Aid applications. 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 2019 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 $45.00* payable by Visa or MasterCard.
FAST HELP is only a phone call or e-mail away.
Toll-free phone (24/7): 1-877-326-FAST (3278)
*this fee is determined by FAST and is subject to change without notice
Step 2. FILE
tax return early
- The FAST deadline for receiving your 2019 tax information is April 15, 2020.
- Once the April deadline has passed, families may still apply for aid with the understanding that financial aid funds may not be available. If applying after the April deadline, please contact Forrest White at (407) 206-1900 x3324 to discuss availability of funds prior to completing the FAST application.
Step 3. Upload or mail copies of your 2019 tax return(s) (1040) and W-2 form(s) to your FAST profile or to the address below:
1316 North Union St. Wilmington, DE 19806
If mailing, you must put "Lake Highland Preparatory School" on the front of the envelope under your return address. Please, also, use the FAST Quick Processing System to print a bar code page to mail with your tax documents. Bar coded taxes get priority handling!
For assistance in filling out the FAST application, please reference FAST’s Family Manual here: https://www.ismfast.com/pdf/EN/FamilyManual.pdf.
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’ 2019 1040 and W-2 tax forms 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?
Yes, if all minor children in the family are in school.
Is financial aid available to mid-year starts?
Unfortunately, financial aid is not available to mid-year starts.
Is financial aid available to international students?
Unfortunately, financial aid is not available to international students.
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 2019 tax returns and W-2 form(s).
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, 2020.
Is financial aid automatically renewed each year?
No. Lake Highland families who currently receive financial aid must re-apply annually.
Does LHPS accept the McKay, Step-Up, or other federal scholarships?
Lake Highland does not accept federal scholarships such as the McKay or Step-Up for Students scholarships.
Does LHPS offer any other forms of financial assistance (i.e. merit-, academic-, or athletic-based scholarships?
Lake Highland does not offer any other form of financial assistance outside of need-based financial aid.