Admission

Fees and Financial Aid

An independent school education can be affordable. Each year, over twenty-five percent of our students receive financial assistance in the form of a scholarship or bursary. The school annually distributes approximately $1.6M in financial assistance. Should you have any questions regarding the tuition fees outlined below, or the financial assistance program, please contact the Admissions Office.

List of 6 items.

  • Tuition Fees

    Registration Fee
    To accept the offer of admission, please forward this one time registration fee ($3,000), as well as a signed Enrollment Agreement.

    Enrollment Agreement
    Parents are asked to return the signed Enrollment Agreement, with the first installment of tuition fees by March 31.

    Fees at a Glance 
    Please refer to the Lakefield College School Financial Information 2015/16  for complete details of fees and payment plans. All figures listed are in Canadian currency.

    2015/16 Tuition Fees
    International Boarder: $58,500
    Boarder: $53,950
    Day Student: $30,200

    Laptop & Technology Fee
    $2,900
    This includes the purchase* of a MacBook Air with AppleCare Warranty and school licensed software

    *For software licensing and repair purposes, the school will retain ownership of the device during the student’s LCS career; however when the student leaves the school, ownership of the device with any existing warranty will be transferred to the student’s family.
  • Tuition Refund Insurance

    The school strongly recommends the Tuition Refund Insurance Plan. This plan protects parents against possible financial loss in case of a prolonged absence, withdrawal or dismissal. At LCS, this insurance plan is optional except for those choosing the monthly payment plan.

    All accounts will be billed for this plan on July 31. The deadline to decline the insurance by written notification is August 31. Details of this plan are available on the Lakefield College School Financial Information 2015/16 form and the Tuition Refund Plan.
  • Additional Fees

    Laptop & Technology Fee
    This includes the purchase* of a MacBook Air with AppleCare Warranty and school licensed software.

    Students will receive an MacBookAir Package which includes:
    • a three year AppleCare warranty
    • a neoprene carrying case for their laptops
    • a replacement laptop (supplied by the school) in the event that a student machine requires repair
    • The Apple iLife applications: (GarageBand, iMovie,PhotoBooth)
    • The Apple iWorks applications (KeyNote, Pages, Numbers)
    • All of the MicroSoft Office Suite (Word, Excel, PowerPoint)
    • The Adobe Creative Suite (PhotoShop, Acrobat Pro, Illustrator, InDesign, Premiere and DreamWeaver)
    • Software to access Microsoft file systems so students can access legacy files
    In order to ensure compatibility and integration across the system, both technical and pedagogical, students are required to use this complete package, including the laptop computer, as supplied by the school.

    *For software licensing and repair purposes, the school will retain ownership of the device during the student’s LCS career; however when the student leaves the school, ownership of the device with any existing warranty will be transferred to the student’s family.

    Supplementary Fees
    Personal expenses and other incidental charges are billed monthly and can be paid by online banking or pre-authorized debit.

    Supplementary fees may include:
    • Tuition Refund Insurance (annually in July)
    • Text books, clothing, supplies, and sundries
    • Non-OHIP medical services
    • Personal athletic equipment
    • Athletic uniforms
    • English as a Second Language tutoring
    • University admissions applications
    • Private tutoring
    • Graduation and school photos
    • Adventure expeditions
    • Dry cleaning and mending
    • Travel (day & boarder)
    • Taxis to off-site medical services
    • Career testing
    • Planner and yearbook
    • Recreational entertainment
    • NSF cheques, wire, and other bank charges
    • Grove Society membership
    • School formal, semi-formal, and other dances
    • Private music lessons
    • Riding program

    Property and Health Insurance
    The school cannot accept responsibility for loss of, or damage to, a student’s personal property. Parents should ensure that their child’s personal belongings are insured while at the school.

    A copy of each student’s Health Card or health insurance policy must be on file in the Health Centre prior to school opening. As well, we also require a copy of each student's proof of nationality, i.e. birth certificate or passport. More detailed information on health insurance requirements are requested during the eRegistration process.
  • Payments and Banking

    Payment Methods
    In Canada, payment methods for families with a Canadian bank account include: online banking, pre-authorized debit, transfer, wire transfer, draft, post-dated cheques, or cash. For families with a U.S. bank account, payment methods include: wire transfer, draft, post-dated cheques, or cash.

    Outside of Canada, due to delays in clearing cheques from out of country, we ask that international families pay fees by a wire transfer or drafts. Cheques from Germany, for example, are not credited to our account for five to six weeks. Statements do not reflect these payments until they clear the family’s local bank account. This can result in confusion for our international families regarding their statement of account.

    Late Payment
    Accounts for fees and extra charges that are outstanding at the time of the billing will be subject to late payment charges at a rate of 16% per annum. Monthly billings are normally mailed on the 5th working day of the following month. In an emergency, or in the event of postal interruption, a telephone transfer of funds can be arranged to credit the school’s bank account (see “School Banking Information”).

    Failure to comply with the terms of payment may result in the student not being admitted to the school for the subsequent term or academic year. In addition, the school may withhold marks and exercise other sanctions as it deems necessary for the collection of overdue accounts.

    School Banking Information
    To be used only for the purposes of wire transfers or other bank deposits to the school’s account. Please ensure your child’s full name is on the deposit or wire transfer.

    Canadian Imperial Bank of Commerce
    37 Queen Street, Lakefield, Ontario K0L 2H0, Canada
    Phone: 705.652.3311
    Fax: 705.652.5242
    Account Number: 54-00317
    Bank Number: 010
    Branch Code/Transit Number: 04942
    Swift Code: CIBCCATT

    Student Banking
    Students are encouraged to responsibly handle their own finances and to have their own bank account in the village of Lakefield with either the Canadian Imperial Bank of Commerce (CIBC) or the Royal Bank. The school suggests a $30 weekly allowance to cover incidental expenses such as postage, taxis, and haircuts, etc. Students are encouraged to plan their spending and keep only small sums of money in their possession. A bank debit machine is conveniently located on campus.
  • Tax Credits

    Tax Credits
    Lakefield College School provides a childcare expense receipt and an educational tax credit for Advanced Placement courses. However, the school strongly recommends that you seek advice from your financial advisor before making a claim. If you have a preference for whose name should appear on tax receipts, please advise the Business Office.

    Education Tax Credit
    Grade 12 students taking Advanced Placement courses are entitled to a tax credit for each AP course.

    Child Care Expense Fees
    Under current legislation, students under 16 years of age are eligible for childcare expense fee receipts, depending upon residential status.
     
  • Bursaries & Scholarships

    The purpose of our financial assistance program is to recognize “excellence” in a number of different areas and to give deserving students the opportunity of a Lakefield College School education regardless of their family’s financial resources.

    Each year, approximately $1,600,000 in financial assistance is awarded to over 90 students. Lakefield College School awards both bursaries and scholarships, but the majority of these funds, however, are awarded to students who show a demonstrated financial need. For returning students, the deadline for applying for financial assistance is January 15. New students are asked to submit their applications by February 15. Students accepted after this deadline are asked to submit their applications as quickly as possible.

    While bursaries are renewable each year based on the good social and academic standing of the recipient, a Financial Aid application form (FACS) must be completed by parents annually.

    Please refer to the Guide to Scholarships and Bursaries for a complete listing of bursaries and scholarships.

Financial FAQs

List of 10 frequently asked questions.

  • Who is eligible for a bursary?

    All students who have been accepted are eligible to apply for a bursary.
  • How do I apply for a bursary?

    Lakefield College School is a member of the FACS Program (Financial Aid for students attending Canadian Schools). Families applying for a bursary must complete the parent’s financial statement (available through the Admissions Office), and return the completed forms including a non-refundable application fee, to Apple Financial Services for analysis. All applications for new students must be submitted to Apple Financial Services for review by February 15. An extension will be given to students accepted after February 15. For returning students, the deadline to apply is January 15.

  • When do I know if I will receive a bursary?

    The parent’s financial statement and the FACS needs analysis are reviewed by the school’s Financial Assistance Committee. The Financial Assistance Committee does its best to distribute awards as broadly as possible to the most deserving students. The school holds this information in strictest confidence and families are asked to do the same with all awards. Families will be notified of their bursary award prior to April 1.

  • How is Financial Assistance determined?

    Lakefield College School provides the FACS application form and FACS uses a standard formula to determine the needs of a family. Consideration of factors including income, expenses, assets and debts, age, size of family, and the number of children at tuition-paying schools and universities establishes the need. The school’s Financial Assistance Committee then determines an award that may be a bursary or a combination of scholarship and bursary.
  • How much can we expect to receive?

    Most bursary awards, for families who qualify, are between $4,000 and $15,000. In determining the bursary awarded, consideration is given to financial need, academic achievement, and breadth of contribution.

  • How important is merit/skill in academics, athletics, or the arts?

    Academic performance and the ability to contribute broadly to the community are major considerations in the admissions decision and in awarding bursaries, once need has been determined.
  • Is there a limit to the amount a family can receive?

    Lakefield College School believes that every family, regardless of means, should contribute something to the education of their child. Each case is considered individually and therefore bursaries may differ significantly from one case to the next.

  • Is the assistance renewable each year for the same amount?

    Each year is considered separately, and therefore a FACS application must be filed annually. Changes in financial status may affect the size of the award. Generally, the amount awarded remains the same until graduation, provided the student is in good academic and social standing. Families are considered for assistance only if previous school bills have been paid in full.

  • What happens if the parents are divorced or separated?

    The school may require both parents to submit financial statements depending on the circumstances. Confidentiality is assured. A contribution from the parent with whom the student does not reside is expected only after all special circumstances, including child support and alimony are considered. Please contact the Director of Admissions for guidance in handling unusual circumstances.

  • Will I be able to thank those who donate to my scholarship/bursary?

    Yes, scholarship and bursary donors appreciate being informed of the positive impact their gift makes on the lives of students at LCS. Students receiving any form of scholarship or bursary are required to write a personal thank you note to the donor(s) before the end of the academic year. In addition, background and scholastic information about the recipient may be shared with the donor(s).

Make Secure Online Payment

Questions?

If you have any questions please feel free to contact the Admissions Office  at 705.652.3324 ext.319

School Information

4391 County Road 29, Lakefield Ontario K0L 2H0   705.652.3324   admissions@lcs.on.ca
Lakefield College School is a private, coeducational boarding and day school for students in grades 9 through 12, located in Lakefield, Ontario, Canada.

Accessibility   Privacy Policy   Website Terms of Use