The Lovett School is committed to admitting qualified students regardless of a family's ability to pay the full cost of tuition. All financial aid awards are based on a family's demonstrated need, and they are made available to students at any grade level.
In order to assess a family's demonstrated need, the Financial Aid Committee requests specific information including Federal Tax Returns from the previous year with all schedules and W-2s, and completion of a Parents' Financial Statement (PFS). The PFS is a part of the School and Student Service for Financial Aid (SSS), a service of the National Association of Independent Schools (NAIS), which is used by Lovett and many other independent schools as a way of helping determine a family's level of need.
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Timely submission of the Parents' Financial Statement and all tax returns is critical to the financial aid process. The committee is unable to grant financial assistance without the complete financial data and, because there are limited funds, late submission will jeopardize the possibility of financial aid for your child.
How is demonstrated need determined? Demonstrated need is defined as the difference between the tuition cost at Lovett and the recommended amount which a family is able to contribute towards the applicant's education in a given year. The Report of Financial Contribution (RFC) from SSS provides a recommendation of a family's ability to pay for education, after considering such factors as net income, assets, unusual expenses such as medical costs, number of dependents, and number of children attending tuition-charging educational institutions. In April, the committee will send the first round of decision letters based upon the evaluation of SSS, as well as our own analysis of the data submitted.
AAAIS Financial Aid Policies: As a member school of the Atlanta Area Association of Independent Schools (AAAIS), Lovett does not provide financial awards for any reason other than demonstrated need, and awards may not exceed that need. AAAIS prohibits the use of scholarships for academic, athletic, or artistic merit and talent as recruitment tools.
Financing Options
An education from The Lovett School is an investment in your child's future. We realize, however, that education costs are a significant financial commitment and may be a challenge for many families. The following organizations offer financing plans to our parents who desire a tuition loan.
Your Tuition Solution Loan
Finance all or part of tuition through Your Tuition Solution. Your Tuition Solution is a premier provider of low fixed rate extended payment options for primary and secondary private school education. Your Tuition Solution loans are offered by Springstone Financial, LLC, whose management team brings over 25 years of combined experience in providing high quality consumer financial services.
- Your Tuition Solution offers fixed rate loan agreements of 24-84 months.
- First payment not due for 4-6 weeks and no prepayment penalty.
- Your Tuition Solution provides low fixed rates assigned at the time of the application (good credit standing required).
- To arrange financing through Your Tuition Solution, you may call the company at
(800) 920-9777 or apply online at http://www.yourtuitionsolution.com/.
K-12 Family Education Loan
Available through SLM Financial, a Sallie Mae company. Sallie Mae is the nation’s leading provider of saving, planning and paying for education programs.
- Sallie Mae’s K-12 Family Education Loan can be used to cover the entire cost of a child's education and expenses at a private school.
- You may take up to 10 years to repay your loan.
- Principal and interest payments begin within 30 days of first disbursement and there is no prepayment penalty.
- The K-12 Family Education Loan has interest rates that reward good credit. Interest rates are variable and are reset monthly based on the one-month LIBOR Index.
- Applying together with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
- To arrange financing through Sallie Mae, you may call the company at (888) 272-5543 or apply online at www.salliemae.com/K12.
Tuition and financial aid links:
A Letter from the Director of Admission and Financial Aid
Information for Divorced Parents
Principles of Good Practice for Financial Aid Administration
Instructions for Applying for Financial Aid