Admission

Financial Aid

Financial Aid Calendar

November 1 Applicants are able to apply online at sssbynais.org.
December 15 For priority candidates (current families), completed PFS to SSS
January 15 New families deadline for above materials
January 31 Copy of 2020 W-2 to SSS
April 15 Copy of federal tax return (2021) to SSS

Late Applications

Funds sometimes remain or become available after the initial grants have been offered. Families whose applications for admission have been initiated too late for completion of the financial aid application on schedule are encouraged to proceed.
Students receiving financial aid 140
Percent of student body receiving aid 28%
Average grant 50% of tuition

Admission - Financial Aid - Philosophy and Objectives

The Lexington School Financial Aid program has a two-fold purpose: to provide students an opportunity for a high-quality education which might otherwise be unobtainable for them, and to provide to the school a well-qualified student body reflecting a broad social and economic mix. For these goals to be achieved, it is essential that the ability to pay the full tuition not be a deciding factor in determining whether or not a student may attend the school. Parents who require aid are encouraged to request a grant. The Financial Aid Program is open to students of any race, creed, and national or ethnic origin.

Selection

Need is the first requirement for financial aid, the final selection of a new recipient is based on our evaluation of the student’s overall academic and personal strengths.

Renewals

Every tuition grant is made for one year and may be renewed subject to parents’ filing an annual financial statement, and up to date account balance.

Priorities and Exceptions

Consideration for budgeted dollars is given in the following order.
  1. Applications from current recipients who have completed all renewal requirements on time.
  2. New applications from currently enrolled students, if completed on time.
  3. New applications from candidates accepted by the Admissions Committee for enrollment.
  4. New and renewal applications completed after the specified deadlines, as long as funds remain available. 
  5. No financial aid is offered for the Acorns two-year-old program, and very few grants are offered for the three-year-old preschool program.
  6. If financial aid is offered in the 3 and 4 year old years of preschool, it is capped at 50% off the full-time tuition based on qualifications.

Computation

The Lexington School subscribes to the principles and services of School and Student Services for Financial Aid (SSS). SSS reports provide a point of departure for The Lexington School’s Financial Aid Committee, which makes all final decisions on financial aid amounts. SSS processes applications from November through August, but notification that you have applied online should be made directly to Geriann Blevins, Financial Aid Director no later than December 15 in order to receive priority consideration (current TLS families) and January 15 (new applicants)

Family Contribution

The Financial Aid committee tries to meet each family’s demonstrated need as nearly as we can, and we hope to be fair and consistent.  Non-working spouses are prescribed an income in calculating financial aid. We encourage and utilize parents’ offers of payments beyond amounts calculated within SSS guidelines.

External Resources

Any financial support that may be available beyond the parents’ own income and assets should be reported on the PFS for consideration by the school. The committee welcomes parents’ explanations for these potential sources of help.

Confidentiality

Financial aid information is strictly confidential and only shared with the financial aid committee.

Sources of Funds

The Lexington School’s general budget is a combination of tuition, endowment, Annual Fund, and Celebration dollars, all of which combine to create an overall school program. For example, the athletic program of The Lexington School is one of the many programs that are funded from the general budget. Science is another. Faculty pay and benefits come from the general coffer as well. Financial aid exists as a program of the school and is funded in the same way any other program of the school is funded, through the general budget.
The Lexington School admits students of any race, color, national, and ethnic origin to all the rights privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, religion, national or ethnic origin, gender or sexual orientation in administration of its educational policies and other school-administered programs.
The Lexington School provides an education of the highest quality in a structured, nurturing community. We instill integrity, a joyful pursuit of learning, and a strong work ethic.
1050 Lane Allen Road
Lexington, KY 40504
Phone:
 859.278.0501
Fax:
 859.278.8604
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