Our financial aid program’s key purpose is to help families bridge the gap between what they can afford and the cost of tuition. Families from a wide range of income levels have qualified for financial aid and aid is available to students at all grade levels. Financial aid is awarded based on need and the availability of funds. Awards are granted for one year and must be applied for annually. An applicant’s need for financial aid does not affect admission eligibility. Families are notified of awards at the time of acceptance.
 
Families interested in financial should check the appropriate box on the admissions application. Families must complete the Parents' Financial Statement (PFS) form on the School and Student Services (SSS) website and submit federal tax returns with all schedules for two recent tax years. Both custodial and non-custodial parents must complete the PFS forms and submit tax information. If only one parent is legally and/or financially responsible for the applicant, supporting documentation must be provided. Additional documentation is also required for business owners and self-employed individuals. All financial information is kept confidential and is only shared with the financial aid committee.
 
The deadline for submission of all materials to LREI is December 15, 2018. Due to the high volume of requests, it is critical that families submit all requested materials in a timely manner. Award letters are mailed with acceptance letters according to the Independent School Admissions Association of Greater New York (ISAAGNY) notification guidelines.
 
If you have any questions, please contact Michele Blackwell, Director of Financial Aid at 212-477-5316, ext 307.

Click the links below to learn more:

List of 3 items.

  • The Financial Aid Process

    • We require families applying for financial aid to complete the School and Student Services for Financial Aid (SSS) Parents’ Financial Statement (PFS) form online.
    • Click the link “Complete your Parents’ Financial Statement (PFS)” and proceed as directed.
    • The LREI school code is 4664.
    • The deadline for submission of materials is December 15, 2018.
    Applicants must fully complete the PFS, including estimates for 2019 income. Please provide additional details for any items that require explanation and to clarify any unusual family circumstances. There is an application fee, which is submitted directly to SSS.
     
    SSS will not process incomplete PFS forms. For questions not answered by SSS’ online instructions, there is an SSS Helpline at 800-344-8328, or via email: sss@nais.org

    The PFS form and instructions are also available in Spanish on the SSS website.
     
    Applicants are further required to sign and return the Internal Revenue Service (IRS) Form 4506, which permits us to obtain tax return information from the IRS. This form should be completed for tax years 2016 and 2017 and signed and dated. There is no fee associated with the submission of this form. Please note that the completion of the IRS 4506 form does not substitute for the required federal tax documentation we must have on file.
  • Key Financial Aid Information

     
    • Families that enroll at LREI without Financial Aid are not eligible to apply for Aid until three years of attendance have elapsed. Families who are already attending the school will be asked for demonstrate a change in financial circumstances. Priority for Aid dollars will be given to those families who can demonstrate a significant change, however Financial Aid is not guaranteed to any student.
    • All financial information submitted is kept confidential.
    • Financial Aid decisions are made independently of Admissions decisions.
    • Decisions regarding aid awards are based solely on financial need.
    • Parent and student assets are considered in determining financial aid.
    • The cost for Afterschool is offered at a discounted rate to families receiving financial aid.
    • For new applicants to LREI, aid cannot be considered unless all financial obligations from previous schools have been paid in full.
    An application fee reduction code is available to all applicants upon request. Applicants from partner programs will receive a fee waiver. Please submit all waiver and reduction requests by email to mblackwell@lrei.org.
  • Required Documents


    All tax documentation as listed below should be uploaded to the SSS website: 
    1. 2016 United States 1040 form(s) and all schedules 
    2. 2017 United States 1040 form (s) and all schedules 
    3. A signed and dated copy of the IRS form 4506 for each tax year filed. 
      Complete form items 1-4 and sign. DO NOT INCLUDE A CHECK. 
    4. 2017 State Tax Return 
    5. 2018 W-2 forms (by February 1, 2019) 
    Please be aware that additional IRS documentation (IRS 1120S or K-1) is required for business owners. 

    Non-custodial parents (i.e. the parent with whom the child does not reside) and partners with a financial obligation to the applicant child should complete a separate PFS with SSS and upload similar documentation as listed above.