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Afford the Caxy Life

Lake Forest Academy is committed to making our education available to all qualified families. We offer $6 million in financial aid grants annually to families who could not otherwise afford the cost of a Lake Forest Academy education.

Financial aid grants are need-based and vary in range depending upon each family’s financial resources. Lake Forest Academy’s financial aid funds are allocated according to financial need. We also offer a select number of Headmaster’s Scholarships to recognize a student’s academic accomplishments. These range from $7,000-$10,000 and they do not require an additional application; all students are automatically considered for these awards upon applying. Lake Forest Academy does not offer athletic scholarships or any other non-need based extracurricular scholarships.

We use School and Student Services (SSS) to process our financial aid applications. Based on the financial information you provide, SSS provides an estimated amount of what your family should be able to contribute to educational expenses. This helps our school make fair and objective financial aid decisions. We will communicate decisions about financial aid at the same time admission decisions are rendered.

Financial Aid Deadline:
January 15, 2021

Tuition 2020-2021

Day Student: $45,950
Boarding Student: $61,500
International students pay an additional fee of $2,250.

*These amounts include tuition, room & board, and fees. Textbooks and Student Health Insurance are additional.

33% of students receive aid infographic

10% of the student body received 90% of aid or more.

financial aid by income levels ring chart

Start the Process

Step 1.

Complete the School and Student Services (SSS) application here before January 15, 2021 with LFA’s school code (4450). If you have more than one child applying to LFA, you simply complete Parents’ Financial Statement and list multiple children.

Step 2.

Submit required documents. At LFA, we require that you send a complete copy of your most recent 1040 tax return, including all schedules and W-2 forms directly to SSS using our school code (4450).