Financial Aid Parents may apply for either or both of two kinds of financial aid: (1) a Scholarship; (2) the Student Loan Payment Plan (Option # 3 on the Tuition & Fees Agreement). Each has its own procedures: 1. Scholarship Program. Scholarships are offered according to a family's financial need as demonstrated and determined through the evaluation process of the School and Student Service for Financial Aid in Princeton. This organization has set the standards for financial aid and works with most independent schools in the country. Currently 25% of our students receive some scholarship aid. Scholarship amounts are based on a family's Financial Report by SSS (the School and Student Service for Financial Aid). The maximum scholarship award to a recipient is 90% of the academic year's tuition. The 10% nonrefundable deposit is required for all students, including scholarship recipients. However, scholarship applicants are not required to pay the deposit until the amount of their scholarship award has been determined. If this creates a hardship, please contact the Business Office to make payment arrangements for the deposit. Parents applying for a scholarship must choose the payment option they will use to pay any outstanding tuition balance if a scholarship award is made. 2. Student Loan Payment Plan. This program is not administered under the auspices of LTS, but is one offered to our students by lending institutions which provide low-interest, affordable payback financing to cover tuition costs. Monthly payment plans are provided by CitiBank Student Loan Corp., TERI, and prepGATE Education Loan programs. Applications for student loans are available in the School Office or Business Office (both located at 995 Tahoe Blvd). Payment from the lender must be received by August 1. If loan is denied, then the appropriate payment using either Option # 1 or Option # 2 (see the Tuition & Fees Agreement) must be received by August 1.