FEES STRUCTURE FOR 2009/2010 AND 2010/2011

The following payments should be made at the time of registration.  Enrolment becomes final only after settlement of the following payments.

1. APPLICATION FEE

a) A non-refundable application fee of HK$2,500. 

b) Please submit a crossed cheque payable to “THE SINGAPORE INTERNATIONAL SCHOOL FOUNDATION LIMITED” together with the application form.

2. ENTRANCE FEE (ONE-TIME PAYMENT)

A student on Personal Debenture has to pay an Entrance Fee of HK$13,000

3. DEBENTURE  

a) Each debenture is valid for the enrolment of one student only. 

	Effective from 1 January 2010
Personal	HK$120,000
Corporate	HK$250,000

Corporate Debenture

The Corporate Debenture is valid for 8 years.  During this period, the registered debenture holder is entitled to appoint one nominee at a time subject to the terms and conditions of the corporate debenture.
 
Personal Debenture 

The Personal Debenture is redeemable six months after the student has left the school.  During the period between the student’s departure from the school and the due date for redemption of the debenture, the “vacant” Personal Debenture can be transferred to a sibling of the student.

4. CAPITAL LEVY 

	Effective from 1 January 2010
Personal Debenture Holders	HK$8,000
Corporate Debenture Holders	HK$64,000 (one-time payment)

5. ANNUAL SCHOOL FEE

Section	2010/11*(before subsidy)
Preparatory Years	72,664
Primary Section	89,000
Secondary Section	99,000

*Subject to the approval by the Education Bureau, HKSAR

a) Students in the Primary and Secondary levels whose parents or who themselves are Singapore Citizens, Singapore Permanent Residents and/or Approved-In-Principle Residents will have a fee subsidy of HK$16,100 per annum, which is subject to change. No fee subsidy will be provided during the period when the AIP status is invalid.  Also, the letter of extension of AIP status has to be submitted to the school within 2 weeks of the notification.  Otherwise, an administrative fee of HK$1,000 will be levied.

b) The above payments do not include payment for uniform, school bus, lunch, snacks, school books, stationery and other special co-curricular activities.

c) All cheques should be crossed and made payable to “THE SINGAPORE INTERNATIONAL SCHOOL FOUNDATION LIMITED”.

d) Parents are strongly advised to use the auto-payment service for convenience, and prompt settlement of school fees.

6. PAYMENT SCHEDULE

a) School fees are payable on a quarterly basis.  Payment schedule is also listed in the Parents’ Handbook and Student Diary.

	Due Date for Payment for School Fees (2010/2011)
Term 1	23 July 2010
Term 2	5 November 2010
Term 3	21 January 2011
Term 4	15 April 2011

b) All school fees which are in arrears for 7 days after the due date will incur an interest at the rate of 8% per annum, commencing 7 days after the due date until full payment is settled.  In addition, an administrative fee of HK$200 will be levied.  

c) Should the school fees be in arrears for more than three months, the student concerned will be required to leave the school.

d) No school report will be given if a student whose school fees or other payments remain unpaid.  The outstanding sum will be deducted from the debenture.

7. WITHDRAWAL

a) An advanced written notification (a minimum of 90 days excluding the summer holidays) must be given, specifying the student’s effective date of withdrawal from school.

b) Failure to comply with 7(a) will incur a levy based on a pro-rata of the shortfall in the required number of days for withdrawal notification.  The school fee to be paid will be pro-rated as:

c) The withdrawal notification will be deemed as final and irrevocable upon the school’s acknowledgement of it.