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Financial Aid
Bringing private education within
reach
The following is a guide to financial aid and financing at Lake
Mary Preparatory School:
Philosophy
Lake Mary
Preparatory School understands that individual economic
circumstances may vary. Since we value you and your child as part
of our school community, we are happy to announce that financial
aid is available to qualifying students, who otherwise would not be
able to attend our school. We believe that families have the
primary responsibility for financing their children’s
education to the extent they can. Families who demonstrate need may
be provided with a grant to lower the amount they must pay to the
school.
No matter what your family’s financial situation, LMP
provides a wide range of Financial Aid and financing options to
make education affordable. Families may elect to supplement their
Financial Aid award with our Meritas Private Access Financing
program.
Applying
The application process is easy and the Lake Mary Prep Business
Office will assist you in the application process. Parents must
file an application with School and Student Service for Financial
Aid (SSS) in Princeton, New Jersey. SSS will make a determination
of financial need based on the information provided to them in the
Parent’s Financial Statement (PFS). Financial Aid awards are
based primarily on the financial need of the family. Financial Aid
availability may be constrained by budgetary restrictions.
Returning families are given preference. New families must first
apply for admission to LMP before an award will be determined.
Families must reapply for Financial Aid each year and meet all of
the guidelines set forth in the Financial Aid process.
How to Apply:
- If you have not already done so, apply for your student's
admission to LMP with the Office of Admissions.
- Complete the Parent’s Financial Statement and mail it
with the appropriate fee to the School and Student Service for
Financial Aid (SSS). We recommend completing this online at
www.nais.org/financialaid/sss , as this will expedite the process.
Use our school code: 2738. If you do not wish to complete the
application online, application forms are available in the Front
Office.
- Send a photocopy of your previous year’s income tax
return, including schedules and W-2 forms for both parents, to the
Admissions Office, Attn. Diane Whitley no later then March 1st. You
may fax these forms to us at 407-322-3872.
- Call 407-805-0095, ext. 101, if you have any additional
questions.
Tuition and Financing
As an LMP parent, you can enjoy the benefits of our Meritas Private
Access Financing Program for tuition financing. This program was
designed to make the high-quality education you want for your child
more accessible and easier to afford. Financing may be used instead
of, or in addition to Financial Aid. To apply, visit
www.Salliemae.com or contact our Admissions Office.
Meritas Private Access
A financing program that opens doors for your child.
- Low interest rates
- Affordable
- Low monthly payments
- No pre-payment penalties
- Covers all school-related expenses (computer, books, uniforms,
etc.)
- Approval within 24 hours
You can find out about our current tuition rates on our website
www.lakemaryprep.com.
Frequently Asked Questions
Is financing part of financial aid? Can
I receive aid if I also use the financing program?
The financial aid and financing programs can be used separately or
together. If you qualify, you may participate in both programs. See
Diane Whitley for more information.
I am not sure if my family will qualify for Financial Aid, is it
worth applying?
If you are not sure whether or not you will qualify, you may
contact the Business Office for advice. Since many financial
factors enter into the determination of Financial Aid, it is
usually best to apply.
When will we be notified if we have received an award?
Returning and new students will be notified shortly after all the
proper documents have been submitted. Once the committee meets, you
will be notified by mail.
Will applying for Financial Aid affect
my child’s chances for admission?
No. LMP operates a “need blind” admission process.
Students are admitted on their academic ability, not their
financial status. Admission decisions are made separately from
Financial Aid decisions.
Will my child’s Financial Aid
award change form year to year?
Families must file with SSS each year. Financial Aid is
recalculated each year using current information. If your financial
situation has changed, then your financial award may change.
Additionally, LMP requires that students receiving Financial Aid
adhere to our high academic standards and maintain a GPA of 2.5 or
higher, and avoid any disciplinary action.
Still have more questions?
We are here to offer as much assistance as you need and answer any
questions you have. The entire process is confidential.
For more information, please contact:
Diane Whitley
Financial Aid Officer
Phone: 407-805-0095 ext. 101
Email: dwhitley@lakemaryprep.com
Mail: Lake Mary Preparatory School
650 Rantoul Lane
Lake Mary, FL 32746
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