Fees and Financial Aid

An independent school education can be affordable.

Each year, one-in-three LCS students receive financial assistance in the form of a scholarship or bursary. The school annually distributes approximately $1.9 million in needs-based financial assistance.

Questions? Contact Admissions

Financial Assistance FAQs

List of 11 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 Enrollment Management 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).

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Have Questions? Contact Valerie for more information.

School Information

4391 County Road 29, Lakefield Ontario K0L 2H0   705.652.3324


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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