Learning in a diverse community is an educational
imperative. Collaborating with peers of different
cultural backgrounds not only enriches the learning
experience, but contributes to open mindedness, a
key component of the International Baccalaureate
Programme. At LCIS, a robust financial aid programme
helps ensure social and economic diversity. Donations
to the Annual Fund make LCIS a reality for a greater
number of qualified Bahamian students, further
increasing the diversity and richness of our student
body.
The funds raised in the 2015-16 fiscal year will be
awarded to students applying in 2016-17 and used
for tuition remuneration in the 2017-18 fiscal year.
Raising money over a year in advance of the time
it will be used provides stability and predictability
to our financial aid programme, benefiting both the
recipients and the school.
The percentage of tuition paid by financial aid has
ranged from 5%-100%, and since 2008, an annual
average of just over $7,600 has been awarded to
each applicant. Distributing more than $220,000
annually, the programme supports an average of
30 students yearly. Since 2002, it has helped 62
different families and 88 individual students at LCIS.
This financial assistance has enabled students to
gain a high-quality education and to matriculate to
some of the best universities in the world.
In 2015-16, the programme was expanded to include
named scholarships and bursary awards, in addition
to our traditional need-based awards for financial aid.
• Named Scholarships: These scholarships are
awarded to students who are able to contribute
in specific ways to the school community and add
socioeconomic diversity, but may not qualify for
sufficient aid in the need-based category.
• Bursary Awards: These awards assist with the
additional costs of attendance for students
receiving financial aid.
We were also able to accomplish the following in
the 2015-16 school year through the Financial Aid
Programme:
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A total of $166,243 in financial aid was awarded
32 students applied for financial aid
15 students have been enrolled with funding
The average award was $11,083
Awards ranged from 25% to 85% of total tuition
As LCIS looks forward to the construction of the new
Upper School campus, raising funds for scholarships
and financial aid will come to the forefront, with many
more opportunities to impact Bahamian youth. LCIS
plans to greatly increase its reach and impact in the
community in the coming years, by investing a further
$1.5 million into its financial-aid and scholarship
endowment.