Fees and Tuition Management

Canadian and US Boarding Student Fees 2021/2022

Canadian and US Boarding Student Tuition ($CAD):

$62,900

Tuition includes: Academic program, meals, accommodation, use of facilities, laundry, compulsory field trips, outdoor education training, library services, basic healthcare, basic infirmary supplies, travel and admission to athletic and cultural events.

Canadian and US Boarding Student Fees

List of 7 items.

  • Highlights of what’s included in your child’s tuition

    • Academic program delivered with a faculty to student ratio of 7:1
    • Average Class Size of 15 students
    • Comprehensive University Preparatory Curriculum including 9 Advanced Placement Courses
    • Access to a 315-acre campus with facilities that include: 3,800 ft. of waterfront property with boat house for sailing, windsurfing, paddle boarding and swimming, beach volleyball court, running paths, cross-country ski trails, outdoor and indoor basketball courts, outdoor tennis courts, soccer and playing fields, outdoor running track, outdoor climbing tower and high and low ropes course, 9-hole disc golf course, outdoor skating and hockey rink, outdoor yoga platform, outdoor workout station, modern gymnasium with 34 ft. indoor climbing wall, two fitness centres, dance studio, thrust-stage theatre, and art room (complete with wheels and kilns for pottery) 
    • A dynamic boarding program that includes a residential-character curriculum supported by house-parents and associate faculty teams who are all teachers at the school
    • Integrated, experiential outdoor curriculum on 315-acre waterfront campus
    • Health Centre that includes fully-staffed infirmary, on-site nurse, visits by a doctor two days per week, two counsellors and a psychiatrist for consult with monthly office hours
    • A comprehensive meal and snack program: full salad bar, deli and panini grill station, homemade soup station, bagel station, cereal and toast station is offered at every meal

  • Registration Fee (one-time fee): $3,000

    *To accept the offer of admission, please forward this one time, non-refundable registration fee.

  • Payment Plans

    Three payment plans are available for our Canadian and US boarding families 
    Families should indicate their preferred payment arrangements on the Enrollment Contract. All installments are billed 30 days prior to the due date. Tuition Fees can be paid with postdated cheques, online banking, wire transfer, pre-authorized debit, or by credit card according to the Payment Schedule below. Financial awards are credited on a pro-rated basis to billings following the first installment.

    Option 1: Early Payment Option - Tuition Refund Insurance Plan is optional
    A credit of 1% is applied if payment is received by the due dates. 

    First Installment (due March 31, 2021)      $12,580
    Final Installment (due June 30, 2021)$50,320
    Total$62,900
    Savings of 1% for payment received on time($629)
    Net Tuition$62,271


    Option 2: Standard Payment Option
    Tuition Refund Insurance Plan is optional. Payments are made in four installments.

    First Installment (due March 31, 2021)     $12,580
    Second Installment (due June 30, 2021)$25,160
    Third Installment (due September 30, 2021)$18,870
    Final Installment (due December 31, 2021)$6,290
    Total$62,900


    Option 3: Monthly Payment Option
    Tuition Refund Insurance is mandatory with this option, and is not included in the installments below (it is billed separately on July 31, 2021). Payments are spread out over ten installments. An administration surcharge of 1% ($629 for boarding students) is included in the second installment to help defray the extra handling and financing costs. 

    First Installment (due March 31, 2021)     $12,580
    Second Installment (due June 30, 2021)$7,645
    8 Equal Installments Totalling 
    (payable on the last day of each month July 31, 2021 to February 28, 2022)    		$50,949
    ($5,413 monthly)
    Total$63,529

  • Tuition Refund Insurance Plan (TRP)

    (May be optional depending on selected payment plan)
    (Estimate, see section below): $2,038

    The cost of tuition refund insurance is calculated on the tuition fees less any scholarship or bursary received and includes 8% provincial sales tax, and is automatically billed to all students in July. The deadline for cancelling this coverage with written notification is August 31.
     
    *Recognizing that parents are responsible for the full fees, a Tuition Refund Insurance Plan is recommended to protect your financial commitment. The school recommends that parents purchase Tuition Refund Insurance made available through the school by an independent insurer. When fees are fully paid, parents may receive a 60% to 75% refund (pro-rated based on attendance) depending on the circumstances leading to withdrawal (75% for physical disability, 75% for mental or nervous disorder, 60% for non-medical withdrawal, or 75% for dismissal).
     
    At LCS, this insurance plan is optional except for those choosing the monthly payment plan.

    By enrolling in the Plan, you authorize the School to process and collect any claim payment to which you are entitled under the Tuition Refund Plan and credit it to the student's account, paying any excess to you. 

    NOTE: TRP will automatically be applied to student accounts on August 31 if there are any tuition fees overdue at that time. 
     
    Insurance coverage is valid provided the student has attended the school more than fourteen consecutive calendar days commencing with the first day of classes.

    Parents should review the School Life Guide to fully understand circumstances that may lead to dismissal. The school practices a zero-tolerance policy, as described in the School Life Guide, in various circumstances related to standards and discipline.

  • Additional Fees (Standard)

    Additional Standard Fees:
    Standard charges apply to many or all students. Amounts are approximate and subject to change.

    Tuition Refund Insurance (Mandatory for Domestic Monthly Payment Plan Option)Up to $2,200
    Laptop Option 1 (Computer and Tech package purchased through school)$2,900
    Laptop Option 2 (Bring Your Own Device (BYOD))$350
    Textbooks$100 (Gr.9 / 10)
    $200 (Gr.11)
    $500 (Gr.12)
    School Uniform$500-$750
    Grove Society Membership (*Refundable)$50-60
    The Chronicle - Yearbook (*Refundable)$75

  • Supplementary Fees (Optional)

    Supplementary Fees:
    Optional items/activities (dependent upon student choice) that may incur additional expenses. Amounts are approximate and subject to change.

    Tuition Refund Insurance (Optional for Early Payment Plan Option and Domestic Standard Payment Option) Up to $2,200
    Competitive Athletic Uniforms (varies)Up to $300
    Non-OHIP Medical Servicesvaries
    Tutoring (per hour)$45
    Overnight Stays (associated with competitive athletics)Cost kept to a minimum
    Nordic Ski Team Travel (Alberta)$800
    First Team Hockey Travel$800
    Alpine / Snowboard Team $300
    Riding Program (per term)$1,250-$1,500
    Graduation Photos (group and/or Individual)$25-50
    School Photos  (pack with student card)$25
    Dry Cleaning and Mending (per garment)$15-$35
    Adventure Expeditions$5,000-$5,500
    Academic Travel Credits$5,000-$6,000
    The Strong Interest Career Testing$25
    School Formal and Semi-Formal$25-100
    Spirit EventsUp to $25
    Shopping Bus to Toronto$25-50


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

  • 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

List of 4 items.

  • Payment Methods

    For families who have a Canadian bank account, LCS offers the following payment methods:
    • online banking
    • pre-authorized debit
    • credit card via Plastiq (3rd party partner)
    • draft, money order, or post-dated cheques

    For families who have a bank account outside of Canada, LCS offers the following payment methods:

  • 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 payment.
     
    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

  • 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 statements are emailed by the 5th working day of the following month. All original medical invoices/prescriptions are mailed after statements are emailed.
     
    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 grading services and exercise other sanctions as it deems necessary for the collection of overdue accounts.

  • 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 of Canada (RBC). 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.
Questions? Please contact the Admissions Office today and hear why students love it at LCS!

School Information

4391 County Road 29, Lakefield Ontario K0L 2H0   705.652.3324   admissions@lcs.on.ca

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Lakefield College School is a private, coeducational boarding and day school for students in grades 9 through 12, located in Lakefield, Ontario, Canada.

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