Tuition and Financial Aid
Lakeside tuition for the 2018-2019 school year is $34,940. If the full tuition is a stretch for your family's income and resources, Lakeside has an extensive need-based financial-aid program that supports qualifying families with incomes from $10,000 to over $250,000. (Families with incomes over $250,000 may qualify for assistance if there are either extenuating circumstances or if there are multiple independent school or college tuitions within the family). Financial assistance for recipients extends beyond tuition and covers additional school-related costs including, but not limited to, food, books, bus, laptop, and field trips.
For the 2018-2019 school year, Lakeside awarded $7.2 million in need-based tuition aid and will award almost $800,000 for non-tuition costs to 32 percent of the student population.
The average tuition for a financial-aid recipient is $7,900. While financial aid and scholarships do not need to be repaid, it is required that recipients reapply for financial aid annually. In most cases, a student's tuition payment will remain at the same level, adjusting for tuition increases. Only in a few cases do aid amounts change significantly year-to-year, and this would reflect a dramatic change in financial circumstance.
Families who apply for financial aid should know that both the admissions and the financial aid committees make decisions independently. For many families, applying for financial aid is just another step in the process of applying to independent schools. Please review the information below for a fuller understanding of financial aid at Lakeside.
Financial Aid Information Sessions
Save the date for our upcoming information sessions where we will review the policies and provide a general overview of how to apply. No RSVP is required.
|Thursday, October 25, 2018 at 6:30 p.m.
Lakeside Upper School - Kent Evans Auditorium
Wednesday, January 23, 2019 at 6:30 p.m.
Lakeside uses the Parents' Financial Statement (PFS) financial aid application. The following steps outline the application process, required documents, and timeline.
- Starting early October 2018, go to www.solutionsbysss.com/parents.
- Follow the "Complete your Parents' Financial Statement (PFS)" link and begin your application.
- Submit and pay for the PFS. Fee waiver requests can be made within the PFS online system.
- Upload copies of the required documents (listed below) to your SSS account OR email, mail, or hand deliver to Lakeside’s office of admissions and financial aid.
Additional required documents:
- 2018 income statements. This includes W2s, unemployment statements, and Social Security income statements.
- 2018 IRS Form 1040 and relevant schedules. We also ask that business owners and those in partnerships include a Schedule C, Schedule E, Form 1120, and or K-1.
- IRS Form 4506-t. Complete lines 1-4 and sign. Do not submit the form to the IRS. Submit to Lakeside.
- Additional documents may be requested.
Timeline: The PFS and all additional required documents are due February 7, 2019.
We look forward to working with your family!
Associate Director of Admissions and Financial Aid Programs Director
Assistant Director of Admissions and Financial Aid
2018-2019 School Year
Tuition for grades 5-12
Financial aid is available for tuition, fees, and school-related expenses. Financial-aid recipients receive either full coverage or partial coverage for the school-related expenses listed on this page. Partial coverage would equal the same percentage of tuition support that a student receives. Food and the custom bus program are the exceptions; contact Tearon Joseph at firstname.lastname@example.org or 206-440-2773 for details.
Other Anticipated Costs
On average, Middle School books and other e-learning materials total between $100 and $400. Upper School books and other e-learning materials cost between $350 to $1,000. For financial aid recipients at any level, these costs are fully covered.
Optional Expenses and Fees
Food: Lakeside has an a la carte food service, therefore food costs per student can vary (many students bring lunch from home). Offerings include breakfast, lunch, and morning and afternoon snacks. A full lunch special includes a hot entree, soup or salad, milk or juice, and a dessert.
- Middle School per-month average: $90
- Upper School per-month average: $110
Technology: Students in grades 7 through 12 have personal laptop computers. Families can choose to purchase a Lenovo ThinkPad Yoga laptop through Lakeside or purchase a laptop on their own.
- Lenovo laptop: $1,743.04
Custom bus program: Lakeside contracts with King County Metro to provide custom bus routes that our students can use traveling to and from school.
- Annual pass: $1,050
Miscellaneous: The following expenses are optional and determined by individual student choice.
- Yearbook: $50 (Upper School)
- May Day T-shirt: $15-17
- Miscellaneous technology purchases: $25-130
- Dances, per event: $8-10
- AP testing: $93 per test
- Music (varies)
- Instrument rental or purchase: cost varies
- Private lessons: $50/lesson
- Class trips, per trip: $0-250
- Individual competition entry fee: $0-350
- Senior sweatshirt: $28
- Senior Brick: $35
- Prom: $100
Global Service Learning: Contact Greta Block at email@example.com or 206-440-2860.
When determining a family's financial need, Lakeside reviews its income, assets, debts, and medical and other family circumstance, including whether the family has multiple children attending tuition-charging schools. Lakeside will commit to providing 100 percent of calculated need and does not offer loans as part of an aid package.
Many families have more than a single Lakeside tuition to consider. Once the need analysis is complete, Lakeside will factor a family's ability to pay other tuitions such as for nursery school, other independent schools, and college. For example, if it is determined that a family with two children in tuition-charging schools can afford $10,000 for all tuitions, two potential outcomes* could be:
- One child at Lakeside, one child at another independent school: $5,000 to Lakeside, $5,000 to other tuition.
- One child at Lakeside, one child at a university: $3,300 to Lakeside, $6,700 to the university.
*Lakeside does not consult with other institutions when determining need and cannot affect the need analysis at other institutions. The above examples reflect Lakeside's approach to multiple-tuition situations.
Tuition-aid recipients at Lakeside fall into four income categories. These categories are based on gross total income for all members of a given family. (The guidelines below may not apply in situations where accrued assets far exceed annual total income.)
Middle-income families are impacted by many cost-of-living challenges. Lakeside commits to keeping tuition affordable for middle-income families by considering income as the most important part of the calculation.
- On average, families in this range contribute 6 percent of gross total income toward all tuitions. Families with multiple tuitions normally pay less than 6 percent to Lakeside.
- Most families in this range also receive support for bus transportation.
Upper-middle-income families may have more monthly cash and accrued assets than the first two income groups, but tuition may not be affordable. Detailed evaluation of home values, debt, and retirement savings keep tuition affordable for upper-middle-income families.
- On average, families in this group contribute 7.5 percent of total income toward all tuitions. Families with multiple tuitions normally pay less than 7.5 percent to Lakeside.
- Family contributions to tuition range between 4 percent and 12 percent of total income toward all tuitions.
- Tuition calculations may exceed 12 percent if assets are notably higher than other families who are included in this range.
About 20 percent of Lakeside financial-aid recipients have family incomes higher than $200,000. Many of these families are juggling multiple tuitions and so become financial-aid qualifiers through Lakeside's multiple tuition policy.
- Families in this income range will likely be asked to pay more than 12 percent toward all tuitions based on individual circumstances.
- Individual circumstances vary and affect a family’s need. Bank accounts, investments, debts, home equity, other school tuitions, multiple households, and medical expenses are some of the many factors that affect a financial-aid decision.
We are fortunate to have generous endowed scholarships created by supportive donors. These need-based scholarships are awarded to deserving applicants who apply and qualify for financial aid. It is important to note that financial aid applicants are not required to apply for a scholarship. However, it is considered a significant honor to be associated with one of these special funds. If a student applies and is chosen as a scholarship recipient, his or her financial aid will be funded from a specific scholarship endowment. Scholarships are not awarded in addition to financial aid; these specific endowments are the source of the financial aid for approximately 20 percent of the students enrolled at Lakeside.
This year we are happy to offer five endowed scholarships for application. To see full descriptions of the scholarships, select one below:
- Excellence in Action: Endowed Leadership Scholarship
- Griffin Family Endowed Scholarship
- McCoy-Livingston Endowed Scholarship
- St. Nicholas Endowed Scholarship
- Clark Family Endowed Scholarship
The donors who established this scholarship value the leadership role that students can play in the Lakeside School community and in the larger world after they graduate. Lakeside has long had an enviable reputation in the Pacific Northwest for producing leaders. Its mission dedicates the school to nurturing the development of young people who can “contribute wisdom, compassion, and leadership to a global society.” Students applying for this scholarship must be academically capable, motivated to learn, and able to add leadership to Lakeside. Preference will be given to students who can describe how they have shown leadership in their previous schools—in clubs, student councils, athletics, in the classroom, or other extracurricular activities—or in other community organizations.
Matt Griffin '69, along with his wife Evelyne Rozner, established their scholarship to support capable students – one in each of the eight grades. Mr. Griffin has a long volunteer history with Lakeside. He began his leadership role with Lakeside School as a member of the Alumni Board in 1978, served as president of the Alumni Board in 1980, was chair of the Lakeside Now capital campaign from 1994-1998, joined the Lakeside Board of Trustees in 1994, served as President of the Board in 2004 and 2005, and served as the Cochair of the Living Our Mission capital campaign from 2004-2008. Mr. Griffin's commitment to Lakeside stems from the gratitude he feels for the excellent education he received, the dedication of the faculty, and he attributes his experiences at Lakeside for much of his success. A student applying for this scholarship should describe his or her personal definition of success and how Lakeside will help them to achieve this success.
Inspired by the mission of Lakeside School, Dr. Susan McCoy established the McCoy-Livingston Scholarship for Servant Leaders to support students who are making a difference in their local and global communities. Servant leadership is a practical philosophy that supports people who choose to serve and lead as a way of expanding service to individuals and institutions. Servant leadership encourages collaboration, trust, foresight, listening, and the ethical use of power and empowerment. A student applying for this scholarship should address his or her personal commitment to making a difference in the world.
In order to preserve the St. Nicholas name and heritage, graduates and friends of the school established the St. Nicholas Endowed Scholarship Fund. St. Nicholas School for Girls was founded in 1910 and derived its name from the patron saint of little children. St. Nicholas School was located on Capitol Hill in Seattle until merging with Lakeside School in 1971. The leaders of St. Nicholas School believed that, in order to fulfill her own promise, a girl must learn to think for herself, express herself clearly, understand her potential, establish her own set of values, and discipline and govern herself. The St. Nicholas Endowed Scholarship is given to capable young women. A student applying for this scholarship should speak to the ways in which she is fulfilling the goals of the St. Nicholas School stated above.
S.B. Joseph Clark ’59 established this scholarships to support capable students in their admission to Lakeside, especially students who are interested in math and science. Mr. Clark is the president of Aviation Partners, a small 40-person company that has developed a revolutionary blended winglet system for airplanes. This unique wing design makes the wings more efficient by reducing the drag. This means that the airplane burns less fuel and climbs faster, reducing the noise for those on the ground, and saves about 150 million gallons of fuel per year for all airplanes that have winglets. Mr. Clark has a profound belief in the important role math and science education played in developing such a remarkable invention. A student applying for this scholarship should address his or her interest in math and/or science and how it might impact their life.
APPLYING FOR SCHOLARSHIPS
Read the descriptions above and decide which scholarship(s) match your personal characteristics. A student may apply for up to two scholarships, writing separate essays for each.
The deadline to apply for endowed scholarships is February 7, 2019.
Using Microsoft Word, write an essay describing why you, the student, would be an ideal candidate for the scholarship. (Applying for two scholarships requires a different essay for each application; submit essays separately).
Submit essays by following the link below. If you do not have access to the internet, you may mail them to our office postmarked by the due date. If you need assistance in accessing the descriptions, please contact our office at 206-440-2762 and we will be happy to help you.
All scholarship recipients will be notified of the decision in conjunction with the regular admission and financial-aid notification dates.
Click here to apply.