Tuition and Financial Aid
At Latin, we believe students learn best when their peers are from a variety of economic, cultural and geographic backgrounds.
This belief, anchored in our mission and the National Association of Independent Schools (NAIS) Principles of Good Practice, is why we are strongly committed to making a Latin education possible for families from diverse socioeconomic backgrounds. Our Financial Aid Office is dedicated to supporting families for whom the cost of tuition is the only barrier to attendance. It is also why we award more than $5.2 million in aid on an annual basis.
Typically, more families apply for financial aid than the school can fund in the first round of admission decisions. In the event that funds become available later, some applicants in the wait pool might then be considered for financial aid awards.
Below is our current tuition and fee information, as well as details about the financial aid process.
Tuition and Fees
Tuition: Below are the tuition rates for each division for the 2024-25 school year.
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$40,590 |
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$45,265 |
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$46,395 |
Fees: The following is a schedule of fees a Latin family can expect during the school year.
- Parent Association dues $55-$110
- Extended Day: Fees vary depending on number of days and hours: Costs range from $310 - $7,065
- After School Resources (ASR): $125 - $240 per session
- Books and supplies $300-$900 (average)
- PE uniforms $35
- Grade 6 trip to Springfield $750 (estimate)
- Grade 7 Project Week in Chicago $300 (estimate)
- Grade 8 trip to Washington, D.C. $1,925 (estimate)
- Books and supplies $400-$900 (average)
- Athletics costs vary according to sport
- Project Week costs range from $0 to $3,200 for international travel
Financial Aid
Below are the key things to know about Latin’s financial aid process.
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Latin offers financial aid to families from a wide range of income levels, and makes every effort to provide each admitted student with the resources they need to attend our school.
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All students, regardless of race, color, sex, gender identity, religion, disability, national origin, ancestry, or sexual orientation, are eligible for financial aid.
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There are partial and full financial aid awards available to Lower, Middle, and Upper School students.
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Latin has a need-sensitive policy that governs how we allocate financial aid. Under this policy, all admitted students who demonstrate need will be funded. However, the number of students in need of financial aid who can be admitted is limited based on our budget.
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All financial aid awards are based on a family’s demonstrated financial need. These awards often take into account tuition, books and lunch. If additional funds are available, other discretionary expenses may be considered. There is no expectation of repayment.
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Per the NAIS Principles of Good Practice for Financial Aid Administration, retention of a student’s financial aid is not based on any performance criteria. Latin maintains the same standards of behavior and academic performance for recipients of financial aid as it does for non-recipients.
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Families must re-apply for financial aid each year.
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Ongoing eligibility for financial aid is based primarily on a family’s continued demonstrated need for funds. The school is committed to funding families consistently each year, including any tuition increase, provided that their financial situations do not change dramatically from the previous year.
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Latin does not currently offer academic, athletic, or activity-based awards.
Payment Plans
Latin School of Chicago offers families the following school-administered tuition payment plans:
- One payment – Full tuition is due on July 15.
- Two payments – 50% of tuition is due on July 15, and the balance is due on November 15.
- Eight payments - Payable starting July 15, and due on the 15th of every month through February 15. A $150 fee will be assessed.