AFFORDING A TLS EDUCATION
An independent school education is a costly yet beneficial investment, and many families are concerned about their ability to afford such an education. TLS understands this concern and is committed to making our program affordable to all qualified students to the extent that our resources allow.
Financial aid is based solely upon demonstrated financial need. To help determine each family’s need, TLS subscribes to SSS (School & Student Services) for financial aid processing and assessment.
Families should expect to contribute to their child’s educational expenses to the greatest extent they are able, given their economic situation. Financial aid awards vary by grade level and situation and provide families from a range of socio-economic backgrounds access to affording a TLS education. Financial aid awards are available only for students in Pre-Kindergarten through Grade 8.
IMPORTANT DATES & DEADLINES
November 1 | Applicants are able to apply for aid online via School & Student Services (SSS).
December 15 | Deadline for current families to complete Parents' Financial Statement (PFS) to SSS.
January 15 | Deadline for new families to complete Parents' Financial Statement (PFS) to SSS.
January 31 | Deadline to submit copy W-2 to SSS
April 15 | Deadline to submit federal tax return to SSS
BY THE NUMBERS
TLS STUDENTS RECEIVE AID
OF TUITION IS AVERAGE GRANT AWARDED
ALLOCATED FOR TUITION AND FEES
FINANCIAL AID OVERVIEW
Any current or prospective student (PK through Grade 8) may apply for financial aid, which entails submitting the online aid application and required tax forms (1040s, W-2s, business tax returns and other tax documents related to income or estimated income).
SSS processes the family's current financial status. Common factors taken into consideration are family income, assets, debts, family size, age of parents, number of children attending tuition-based institutions, home equity, and certain other expenses.
SSS evaluates the information on the application to estimate what the family can pay toward education expenses. This amount is not binding and does not imply what kind of financial assistance will be given by the school.
The Lexington School's Financial Aid Committee reviews each file carefully and reserves the right to adjust the amount of the recommended family contribution based upon school policy, demand, and supporting documentation.