Tuition and Payment Policy

2008 – 2009

The tuition for the 2008 – 2009 school year will be as follows:

First Child $2,650.00

Second Child $2,450.00

Third Child $2,150.00

Four or more Children $2,150.00

Pre-School Tuition: $3,000.00

(When a pre-schooler is the 2^nd or 3^rd child, they receive the family rate.)

TUITION WILL BE PAID ACCORDING TO ONE OF THE FOLLOWING OPTIONS:

OPTION 1 - Single Payment due July 1, 2008 made directly to the School

(5% Discount will apply only if payment is received by July 1, 2008)

OPTION 2 - Semester Payments due July 1, 2008 and December 1, 2008 made directly to the School

OPTION 3 - Ten Monthly payments beginning in July, 2008 automatically withdrawn from your account through F.A.C.T.S. Management Company.

It is important to note that although the total amount may be paid monthly as per Option 3, this amount must not be considered as the “cost of education per month” or an amount to be prorated based on the amount of time a child attends the school.

Whenever there is a need to arrange for a different payment plan from that which is in the contract, the school should be contacted immediately.

We trust that all families will continue to be generous to Saint Michael Parish financially, above and beyond tuition, whenever possible.

FEES

A non-refundable Registration Fee of ($60.00 per student) will be paid by all new families at the time of acceptance.

A non-refundable Re-Registration Fee of ($50.00 - 1 child) ($75.00 – 2 children) or ($100.00 - 3 or more children) will be paid by all returning families at the time of re-registration.

A non-refundable Sports Fee of ($40.00 per student) will be paid by any student for each sport participated in during the school year. This fee is due at the start of each sport season.

NON-PAYMENT POLICY

Families choosing to pay tuition directly to the school in one or two payments and fail to do so will be required to pay through the F.A.C.T.S. Management Company.

When tuition is two months overdue, a letter will be issued indicating steps to be taken should tuition not be brought up to date.

When tuition is three months overdue, a letter will be sent indicating that the child will be excluded from class and all school related activities until the tuition debt is satisfied.

If payment is returned due to insufficient funds, the family will pay a returned check fee of $15.00 for each check returned by the bank.

TUITION COMMITTMENT

The full amount of tuition covers a number of things including, but not limited to the cost of education, salaries, books, supplies, etc…

In order to be ready for the opening of each school year, the school depends on a commitment by each family to pay this amount.

Based on the commitment by each family, the school reserves a seat in the classroom for the student and prepares for that student by ordering the appropriate books, supplies, etc. needed to educate the child.

The school has determined the amount needed to prepare for each student is one half (1/2) of the total tuition.

In order for the school to be covered for the above-mentioned expenses incurred based on the families’ commitment to the school, it is necessary for the school to be paid one half of the total tuition (Tuition Commitment Fee) even if the family withdraws the child from the school.

With that in mind, the following is Saint Michael School’s policy regarding refunds in the event of withdrawal from the school.

1. One half of the tuition (Tuition Commitment Fee) will be expected as payment for any student who has begun classes at Saint Michael School and then withdraws at any time after the first day of the academic year.

2. Payment of $100.00 per month will be expected beyond the Tuition Commitment fee, for each month or part of a month the student has been in Saint Michael School at the time of withdrawal.

3. Refunds will only be given if payment has been beyond the commitment fee and beyond the $100.00 per month the child has been in school before withdrawal.