Introduction

Wholesome Identity Scholars operates a school fees policy, school fees; which is the life blood of the school, as the school can only run on the wheels of prompt payment of fees. The purpose of the school fees policy is to ensure parents are consistent in payment and also to ensure that pupil’s / student’s learning, aspirations and engagement are not interfered due to delay or non-payment of fees.

In implementing this policy, the school and parents are to strictly adhere to the following principles.

Payment of Fees

1) School fees are always due in expiration of an old term and in start of the current school term.

2) School fees are non-refundable.

3) All school fees must be paid on or before resumption.

4) School fees paid after two (2) weeks of resumption attracts a fine of 5% of total sum. This fine will increase every two weeks. This means that in the fourth week the fine will accumulate to 10%.

5) All fees must be paid in the bank. Cash payments are not allowed in the school.

6) Financial institutions frown at cheques that bounce, we therefore insist that parent double check before turning in their cheques.

Installment Arrangement (Payment Plan)

7) Any agreement (payment plan) will be confirmed in writing and signed by both parties i.e the school and the concerned parent.

8) An agreement by the school to accept payment of fees by installment is subject to separate agreement between the parents and the school. Failure to meet up with the agreement attracts a fine of 10% of total sum.

9) Parents who have a prior agreement to pay by installments via the bank will be allowed to continue to do so as long as they pay the agreed amount as at when due.

10) If parents have entered into a payment plan with the school and more than one payment is missed, the school reserve the right to request the full amount paid immediately.

11) If installments are missed or paid late, the parent will be notified by the school Trustee of the amount owed and details of the missed or late payments. Appropriate action, which could include exclusion, will be taken.

12) If fee remain unpaid on or before second (2nd) week of resumption and no agreement is reached, the wards whose fees are not paid will not be allowed in school.

13) The status and details of any financial arrangement will be kept confidential and only discussed with relevant authorities.

Exclusion from School

14) If a debt rises to an unacceptable level, the school reserves the right, in extreme cases to exclude the pupil (student) on three days written notice if fees remain overdue for payment. By an unacceptable level, we mean, payment of fees for a single term and failure to reach feasible agreement of payment.

15) If a pupil is excluded for a period of 28days (a month) by the parent, he/she will be deemed withdrawn from the school, all administrative process of withdrawal would be conducted if exclusion from school is done without notice. Upon exclusion, if fees are payable, a letter of notice will be sent to the parent, related financial and legal authorities will be informed to ensure that outstanding payment is facilitated.

16) The parent shall also be liable to pay all costs, fees, disbursement and charges including legal fees and costs reasonably incurred by the school in the recovery of any unpaid fees regardless of the value of the school’s claim.

Fee Increase

17) Fees are subject to increase based on the increased cost of learning materials and staff numeration needed to maintain the standard of the school.

18) Fees are reviewed annually and are subjected to increase from time to time. Notice of increment will be sent to parents 21 days before due date.

19) School fees are to be discussed with only the assigned authorities and all complaints as regards fees must be channeled to the school administrator.

20) All fees within the term will be stated in the school fees schedule and sent to parents at the end of the term.

Payment of Fees by Third Party

21) Upon reaching agreement with a third party on school fees payment, please note that the school is not liable if anything goes wrong in the payment process. Parent and the third – party are to bear the responsibility of such agreement and payment of fees would still be paid in full.

22) The parents shall indemnify the school against any losses, expenses (including legal expenses) and interest suffered or incurred by the school if the school is required to repay all or part of any sum paid to it by a third – party credit provider on behalf of the parents.

Signed

Board of Directors