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.
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.
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.
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.
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.
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.