Financial Aid

Each student at LPS automatically receives financial assistance in the sense that a large portion of the cost of education is subsidized by the synod.

LPS annually distributes financial aid grants from the LPS Student Assistance Fund. These grants are available to students who apply for them and are awarded on the basis of family need. The grants range from $250 to $3,000.

Financial aid application packets are sent to all new students in March. Returning students are asked to download the forms from the LPS website. The deadline for applications is May 1. Students who are accepted after May 1 may still submit applications and aid will be awarded based on funds still available.

Additional Information

Travel Assistance
LPS also offers grants to defray the cost of travel for students who live over 750 miles from Watertown. these grants are in addition to any financial aid that is awarded and are applied directly to the student's account. Travel distances of less than 750 miles are taken into account when determining the amount of financial aid awards.
Other Grants and Scholarships
A portion of the tuition charged at Luther Prep will be reserved for a college tuition grant once an LPS graduate enrolls at Martin Luther College in New Ulm, Minnesota.  

After at least three semesters on campus students become eligible for LPS scholarship awards distributed to the highest ranking members of their respective classes.

The State of Wisconsin offers the Wisconsin Academic Excellence Scholarship to the top-ranked student in the graduating class. This award is given in cooperation with participating colleges and universities throughout Wisconsin. The scholarship provides a scholarship equivalent to the tuition costs in the University of Wisconsin system, renewable for four years. Only Wisconsin residents are eligible.

Many congregations and districts throughout the synod have established scholarship funds to provide assistance for their members attending synodical ministerial schools. Parents should contact their pastor to determine whether such assistance is available.

Students are usually not permitted to hold off-campus jobs. On-campus employment is available as a way for students to earn money towards their educational expenses. Jobs include working in the cafeteria, helping with campus cleaning, live streaming events and doing peer tutoring. Students interested in an on-campus job may contact the business office.

List of 3 items.

  • Tuition and Travel Assistance

    Due May 1

    • Everyone needs to fill it out every year.
    • This is a fillable pdf. 
    • Fill it out online, print it up and send it in.
    • Send in with $25 check per family.

    Tuition and Travel Assistance Form
  • Registration Billing Form

    Due June 25 - with Smart Tuition Form

    • Everyone needs to fill it out every year.
    • This is a fillable pdf. 
    • Fill it out online, save it, print it up, sign it and send it in.
    Registration Billing Form 2019-20
  • Smart Tuition Form

    Due June 25 - with Registration Billing Form

    • Everyone needs to fill it out every year.
    • This is a fillable pdf. 
    • Fill it out online, save it, print it up, sign it and send it in.

    Smart Tuition Form 2019-20

    For Terms & Conditions with Instructions please click Read More - 
    Read More

List of 3 members.


These forms are all fillable pdf's. Open them up on your computer, fill out the information and save the form. Then print it and send it to:
  • Financial Assistance, LPS 1300 Western Ave. Watertown, WI 53094
The forms may also be sent electronically as an attachment to: Mrs. Beth Zastrow, 

Luther Preparatory School
1300 Western Avenue | Watertown, WI 53094 | 920-261-4352 |
FAX 920-262-8118 |
Luther Preparatory School is an independent coeducational preparatory school in Watertown, Wisconsin. The continuing mission and purpose of Luther Preparatory School is to prepare and encourage young men and women for the full time ministry in the Wisconsin Evangelical Lutheran Synod.