FEE SCHEDULE SCHOOL YEAR Annual Tuition Fee only excluding other fees & interest

Transcription

1 P.O. Box 2651 Dar es Salaam Tanzania Telephone Fax FEE SCHEDULE SCHOOL YEAR Annual Tuition Fee only excluding other fees & interest Grades US$ Early Childhood ,900 Kindergarten - Grade 5 19,800 Grades ,900 Grades ,300 Grades 11,12 (IB1 & IB2) 29,300 Other Fees in addition to annual tuition excluding interest For a Returning For a New Student a Parent Pays Student a Parent Pays $1,000 Annual Capital Fee $1,000 $1,000 Annual Tuition Deposit $1,000 (deductible from the 1 st tuition payment) $0 Building Fee Grades 11 and 12 $7,000 payable fully in the year of admission 0$ Building Fee - Early Childhood(EC) to Grade 10 Option 1 - $7,000 payable fully in the year of admission Option 2 - $2,500 payable annually for three consecutive years (full amount is not payable if the child leaves before the start of year 3) $0 Alumni Fee $100 $0 Family Deposit $500 $0 Application Fee $ Annual Tuition Fee - An Annual Tuition Fee shall be paid for each student for each year enrolled at the School. Tuition Fees vary with grade levels as shown in the table above. The Tuition Fee covers operating costs, including overheads, salaries and educational materials, workbooks, the use of textbooks and some extra-curricular activities. It does not include certain items required for personal student usage, such as uniforms, transportation to and from school, lunch and personal school supplies. Late Admissions New students entering after the School Year has commenced will be invoiced on a pro rata termly basis. Fees shall be invoiced fully for the whole term regardless of the days the student attended School. When a student is not attending at the beginning of the School Year or the beginning of a term despite being enrolled, his or her seat can only be reserved if the student s Annual Tuition Fee has been paid for the concerning term. A seat can only be held for the school year under review. The seat held is neither transferrable to another student nor automatically rolled over to the next School Year. March 2017 Fee Schedule: SY Page 1 of 3

2 Early Withdrawals In case students leave or release a seat being held during the School Year, the Annual Tuition Fee shall be refunded pro rata from the moment the student leaves on the condition that the parents of the concerning student have given the School a minimum of 4 weeks written notice before they leave. No refunds shall be made for a term that has already started. 2. Annual Capital Fee (non-refundable and non-transferable): This US$1,000 is in addition to the tuition fee stated above. The Annual Capital Fee is levied as a contribution by the parents to cover the School s capital expenditures. All parents pay the full capital fee in the 1 st installment irrespective of the payment plan selected. 3. Annual Tuition Deposit (non-refundable & non-transferable but deductible from the first tuition payment): A fee of US$1,000 per child is due by April 06 th, 2017 to ensure a seat for the next school year. A similar fee is payable by new students enrolling during the course of the school year. This fee is deductible from the first tuition payment. The deposit represents the family s commitment to join the School. A student is re-enrolled in the next year only when the current outstanding sum is cleared. If a family decides to withdraw the student(s) after the payment of the Annual Tuition Deposit, the deposit shall be forfeited. 4. Building Fee Grades EC1 to Grade 10: Option 1 - $7,000 payable fully in the year of admission Option 2 - $2,500 payable annually for three consecutive years (full amount is not payable if the child leaves before the start of year 3). Grades 11 and 12: Fee of $7,000 payable fully in the year of admission. Building fee is neither refundable nor transferable. The fee is assigned to the Building Reserve Fund, a School Reserve Fund that is specifically designed for major building projects, land and/or property purchase, new construction, expansion and major infrastructure improvements. Eligible parents may pay the building fee in installments (along with applicable interest) depending on the payment plan selected. 5. Alumni Fee: (one-time payment per child enrolled): US$100 non-refundable Alumni Fee is payable on admission. This fee is administered by the School for Alumni outreach activities. 6. Family Deposit: US$500 payable upfront at the time of joining the School. This deposit is refundable, without interest, at the time last child of the family leaves the School. The School reserves the right to adjust this refundable security deposit against any amount due and outstanding from any fees, activity fee, library or any other area, prior to refunding the deposit. Deposits unclaimed for over three years from the date of the last child leaving School shall be transferred to the School s Operating and Capital Reserve Fund. 7. Application Fee (non-refundable and non-transferable): A fee of US$500 per child is payable on submission of an application. The Application Fee ensures the processing of the application for admission of a new student or of a student returning after an absence of one year or longer. Completed applications will only be processed after receipt of the Application Fee or upon submission of adequate proof of payment. Payment of the fee does not guarantee that a child may be admitted. It is nonrefundable & non-transferable if you decline our offer of a place or withdraw your application. If you decide to leave a wait list and/or if IST is unable to meet the needs of your child, you will receive a refund of US$350. The balance will be retained as a processing fee. If the application is rolled over to the following year and you decide to leave a wait list, you will receive a refund of $200 ($150 processing fee per annum). March 2017 Fee Schedule: SY Page 2 of 3

3 Guidelines and Terms for Payment of Fees and Refunds 1. All fees are based in US$ and are subject to change without notice. 2. All tuition fees are due by the dates indicated, unless other arrangements are approved by the Director. Following the due date, late payment charges of US$25 per week are added to the student s account and will continue each week until the fees are made current. 3. Parents who select semester and termly payment plans but are not able to fulfill their installment payment obligations may be required to shift to plans designated by the school management. 4. All dishonoured cheques incur a charge of US$100 and late payment penalties in addition to all bank charges levied against the drawer. 5. Payments can be made by: a) Cash deposited directly to any one of the School s bank accounts. Contact fees@istafrica.com for details of the School s preferred bank account. Please note that the School does not accept payment of school fees in hard cash. b) Cheque deposited directly into one of the School s accounts. Contact fees@istafrica.com for details of the School s preferred bank account. Alternatively, cheques may be presented to the Fees Office situated in the Administration Building, Elementary Campus, Upanga or to the Fees office situated in the Admissions Office, Secondary Campus, Masaki. c) Credit Card (this will attract an additional charge of 3.5% for VISA and 4% for MasterCard). d) In line with Bank of Tanzania regulations, all payments made in Tanzanian Shillings which are above TZS.10M or United States Dollars US$10,000 should be transferred by Tanzania Interbank Settlement System (abbreviated as TISS). 6. When making payments directly to the School s bank accounts, please provide IST with a copy of the bank or wire transfer advice that will enable us to record and receipt your payments. Please note that IST is not responsible for bank transfer charges or commissions. These if incurred by the School for incoming transfers/wires, would be debited to parents concerned. 7. Payments made in Tanzanian Shillings, Sterling Pounds and Euros are converted into US Dollars at the internal IST rates prevailing on the day the sums are receipted by the School and credited in the school s bank account. Though IST endeavours to align its internal conversion rates with those of the market, it shall not be responsible for foreign exchange differences. To avoid exchange differences, parents are requested to contact the Fees Department for the current day s exchange rate on telephone nos ; ; (Extension 144 or 237) or on address fees@istafrica.com. 8. Refunds for withdrawals under any plan will apply only to unattended terms after submitting a written notification for withdrawal to the School at least four calendar weeks before the commencement of the new term(s). No refunds will apply for partial completion of a term nor capital portion of the fees. Refunds are calculated on the basis of school days and shall apply to tuition fees only. Refunds shall be made by crossed cheques or bank transfers. The School does not take responsibility for bank charges. 9. The School reserves the right to deny entry to pupils in arrears of fees. March 2017 Fee Schedule: SY Page 3 of 3

4 P.O. Box 2651 Dar es Salaam Tanzania Telephone Fax Options for Payment of School Fees for In order to provide payment flexibility to parents, the School has developed three payment plans which we feel will make it easier for parents to pay their fees. Under these payment plans, parents have the following options: 1. Yearly Payment Plan option allows parents to pay for the whole school year by 11 th August Semester Payment Plan is overall 4% more costly than the Yearly Payment Plan. This allows for parents to pay in two instalments, which are due by 11 th August 2017 and 11 th January Termly Payment Plan is overall 8% more costly than the Yearly Payment Plan. This allows parents to pay in four instalments, which are due by 11 th August 2017, 13 th October 2017, 11 th January 2018 and 23 rd February For Grade 12 students, payments are due by 11 th August 2017, 15 th September 2017, 1 st December 2017 and 26 th January Meanwhile, in case students leave or release a seat being held during the School Year, the Annual Tuition Fee shall be refunded pro rata from the moment the student leaves on the condition that the parents of the concerning student have given the School a minimum of 4 weeks written notice before they leave. No refunds shall be made for a term that has already started. The school has also signed up as a credit card merchant. This gives you the option of paying our fees by credit card. However, payments using this option will incur an additional fee of 3.5% for VISA & 4% for Master card to cover bank charges. March 17 th, 2017

5 P.O. Box 2651 Dar es Salaam Tanzania Telephone Fax INTERNATIONAL SCHOOL OF TANGANYIKA LTD PAYMENT PLAN SCHEDULE 2017/2018 SCHOOL YEAR YEARLY PAYMENT PLAN: Fees Payable in One Installment PAYMENT PLAN 1 1ST PAYMENT TOTAL Tuition Capital Total Payment Due Before 11th August 17 GRADES US $ US$ US$ US $ Early Childhood ,900 1,000 15,900 15,900 KG - Grade 5 19,800 1,000 20,800 20,800 Grades ,900 1,000 23,900 23,900 Grades ,300 1,000 25,300 25,300 Grades ,300 1,000 30,300 30,300 SEMESTER PAYMENT PLAN: Fees Payable in Two Installments - 4% PAYMENT PLAN 2 1ST PAYMENT 2ND PAYMENT TOTAL Payment Due Before 11th August 17 11th January 18 GRADES US $ US$ US$ US $ US $ Early Childhood 1-2 7,231 1,000 8,231 8,265 16,496 KG - Grade 5 9,610 1,000 10,610 10,982 21,592 Grades ,114 1,000 12,114 12,702 24,816 Grade ,794 1,000 12,794 13,478 26,272 Grades ,220 1,000 15,220 16,252 31,472 TERMLY PAYMENT PLAN: Fees Payable in Four Installments - 8% PAYMENT PLAN 4 1ST PAYMENT 2ND PAYMENT 3RD PAYMENT 4TH PAYMENT TOTAL Payment Due Before 11th August 17 13th October 17 11th January 18 23rd February 18 GRADES US $ US$ US$ US $ US $ US $ US $ Early Childhood 1-2 4,202 1,000 5,202 3,308 4,112 4,470 17,092 KG - Grade 5 5,584 1,000 6,584 4,396 5,465 5,940 22,384 Grades 6-8 6,458 1,000 7,458 5,084 6,320 6,870 25,732 Grade ,853 1,000 7,853 5,395 6,707 7,290 27,244 Grade 11 8,263 1,000 9,263 6,505 8,087 8,790 32,644 PAYMENT FOR G12 ONLY PAYMENT DUE ON 11th August 17 15th September 17 1st December 17 26th January 18 Grade 12 8,263 1,000 9,263 6,505 8,087 8,790 32,644 Notes: 1. The Capital Fee of $1,000 is included in the first installment. 2. Parents selecting Payment Plan 2 or 4 would have an option of paying the Building Fee for newly admitted children in instalments along with approriate interest. 3. No interest is chargeable on Capital Fees. 4. Careers testing fee and costs of curriculum related field trips are covered in the tuition fees above. 5. The above schedule includes Tuition Fees, Capital Fee and Interest on installment payments. For other charges, please refer to the Fee Schedule. March 11th, 2016