Apply » New Student Tuition & Fee Schedule for SY19-20

New Student Tuition & Fee Schedule for SY19-20

Application Fee:                             

PK3- 12                               USD250.00

This fee is designed to cover the cost of processing applications, and evaluations when necessary.  This non-refundable fee must be paid when the application is submitted. 

 

Capital Donation:                           

PK3 - 12                               USD16,000.00

ISP is a non-profit school and to fund the capital development of the School, each new student will be required to make a one-time Capital Donation.  This non-refundable fee must be paid for all new students within ten calendar days of official admittance to reserve a space.  New PK3 – 12TH grade students cannot commence school if the corresponding capital donation is not settled. Official admittance means when the Parent/Guardian has been notified via e-mail.

 Note:   

  • For new non-institutional PK-3 students a total capital donation of USD16,000 may be paid in two installments, USD 6,000 due upon admission and USD10,000 due on April 1, 2020.
  • For new non-institutional students in PK-4 through 5th grade may pay USD10,000 due upon admission and USD6,000 due on April 1, 2020.
  • New families with one child in 6th grade onwards must pay one installment of USD16,000 within ten calendar days of official admittance into the school.
  • New families with more than one child may have the option of paying in two installments per child if they so request with USD11,000 due when officially admitted to the school and USD5,000 at the beginning of the following semester.

 

Siblings of new students who enrolled in SY 2016-2017 will pay a capital donation of USD15,000 until SY 2019-2020. After SY 2019-2020, new ISP siblings will pay the regular capital donation established in the payment plan at that time.

 

Annual Registration Fee:

                 PK3 - 12                                            USD1,000.00

 

The Registration Fee is due in full at the time of admission and is not prorated regardless of enrollment date.  This fee is non-refundable.

 

If a student qualifies for admission and there is an available space, the school may agree to reserve a seat for no more than one semester.  To reserve a space for a new student, payment must be made for the Capital Donation, Registration Fee and the current semester of tuition.  These payments are non-refundable. Reservations cannot be made for more than one semester in advance. 

 

Annual Tuition

ISP tuition rates will be as follows:

PK3

        USD 9,424.00

Grades PK4-5

        USD 14,111.00

Grades 6-8

        USD 15,479.00

Grades 9-12

        USD 17,502.00

 

The costs of textbook rental, workbooks, and other consumable instructional materials are covered by the tuition payment.  Exceptions to this list may include special materials requested for certain subjects.

Tuition Payment Plan for New Students

For new students starting in August 2019, tuition and fees will be due according to the following schedule:

Quarterly tuition and fees will be due according to the following schedule:

 

Due Date

PK3

PK4-5

6-8

9-12

July 30, 2019

        2,356.00

        3,528.00

        3,870.00

        4,375.00

Sep. 27, 2019

        2,356.00

        3,528.00

        3,870.00

        4,375.00

January 3, 2020

        2,356.00

        3,528.00

        3,870.00

        4,375.00

March 20, 2020

        2,356.00

       3,527.00

        3,869.00

        4,377.00

 

The School will send reminders, but responsibility for making payments on their due date rests with the Parent/Guardian. Tuition payments are due as follows: July 30, 2019; September 27, 2019; January 3, 2020 and March 20, 2020.

The costs of textbook rental, workbooks, and other consumable instructional materials are covered by the tuition payment.  Exceptions to this list may include special materials requested for certain subjects.

 

Other General School Fees for New & Returning Students

Institutional Fee:   USD3,500.00 per student

As a means to accommodate and better serve the needs of more transient families, an annual per student Institutional Fee to subsidize the operating costs associated with running an international school is charged.

This fee is applicable to families with students whose educational benefits are paid directly/indirectly, reimbursed fully or partially, or included in their remuneration package by their employers, embassies, banks, corporations or other organizations. This fee is due upon acceptance or at the time of re-enrollment. Students in this category, as established in the admissions policy, have priority for admissions.

As part of the application process for all students applying to ISP, the Parents/Guardians will be required to complete an Institutional Fee Declaration, in which they will indicate if their employer is fully or partially responsible for the school fees of their child/ren. For returning students, the Institutional Fee Declaration must be completed every year as part of the re-enrollment process. Re-enrollment will not be processed unless all required information and documents are submitted.

Selective Student Fees for Special Services and Events

  1. EAL Fee: The goal of the EAL program is to give non-native English speakers special assistance in learning the language skills needed to perform successfully in the regular ISP classroom environment. The school will determine the need of this service. For students requiring this special service, the parent must pay an additional school fee of USD500.00 per semester.  This fee will be charged at the beginning of each semester in which the additional EAL services are provided.
  2. Learning Support Program Fee: The Learning Support Program at ISP is based on the philosophy that individuals vary in their learning styles, level of ability, pacing needs, motivation, and interests.  Student needs are met through differentiated instruction and clearly defined expectations appropriate to their level.  For students requiring learning support service, the parent must pay an additional school fee of USD500.00 per semester.  This fee will be charged at the beginning of each semester in which the additional Learning Support services are provided.

        If the student requires both services (EAL and Learning Support) the parents must pay a single fee of USD750.00 per semester to cover these services.  

  1. International Baccalaureate (IB) Fees: Students in the eleventh and twelfth grades, who choose to enroll in the IB Program, will be assessed separate IB program fees.  These fees are payable through the school and are collected over a two-year period.

 

Students Withdrawal

Students withdrawing from the School will be charged the applicable tuition due through the last semester in which they attend any classes.

Re-Admissions Fee

Families with returning students who for reasons of relocation or to attend another school have voluntarily withdrawn for more than twelve months will be charged a Readmission Fee. This fee is equal to 10% of the Capital Donation amount at the time of readmission and is subject to the same rules and regulations as a Capital Donation. For the 2019-2020 Academic Year, the Re-Admissions fee will be USD 1,600.00.  Any outstanding debts to the School must be settled in full before a student can be considered for readmission. 

Collection of Accounts

The Board has established the following policies for collection of accounts

  1. Discounts for Advance Payment:

    Fees are due quarterly on July 30, 2019, September 27, 2019, January 3, 2020 and March 2020.  Tuition payment  for the entire 2019-2020 academic year received before the beginning of the school year will be credited with a 2% (two percent) discount from the total annual tuition.  If for any reason the student should then withdraw from school during the school year, the Parent/Guardian or company may apply for a refund of the tuition for any semester (two quarters) in which the student has not attended classes.

  1. Penalties for Delinquent Payments:

To offset the additional administrative costs that arise from delinquent payments, an administrative charge will be levied on all payments not settled by the due date. Please see procedure below.

 Families with outstanding fees will not be allowed to request cafeteria credits or enroll in after-school activities, field trips, plays, and other non-core academic activities.

  1. Payment and Collection of Tuition and Fees:
  • Invoices for the subsequent school year are sent to the Parent/Guardian in July.  These invoices will define payment policies and the respective dates for payments.
  • It is the Parent’s/Guardian’s responsibility to ensure that payments are made by the respective due dates.
  • If payment is made by an organization, it will still be the Parent’s/Guardian’s responsibility to as certain that the payment is made on time.
  • As a courtesy, the School will send out reminder invoices for each quarter to those Parents/Guardians that have not paid in advance.
  • However, the Parent/Guardian accepts the charges for late payments even if the School has not previously contacted the family.
  • Payment Grace Period: The school will provide a grace period of fifteen calendar days from the invoice due date to receive payment. After this period, if payment is not received, a 10% (ten percent) fixed rate penalty fee over the unpaid amounts will be charged.
  • Re-enrollment:  A Parent/Guardian who has reached 180 calendar days overdue during the current school year will not be allowed to re-enroll their child/ren for the following school year, unless all overdue amounts are paid and the next two quarters are fully paid in advance.
  • Disclosure of Information:  The School Administration is authorized to disclose contact and outstanding fee information with our legal collection agency when the outstanding amount is considered a financial recovery risk.

 

Payment Methods

The School accepts a variety of payment methods as listed below. Regardless of the payment method used, the student number must be included to help the School trace payments accurately.

  • Payment Booklets: Payments can be made using standard payment booklets that are numbered to coincide with the child’s account number. These payments can be made directly at any of the Banco General branches.
  • On-line Banking: Parents/Guardians with a current account in Banco General can make payments using the bank’s online banking system.
  •  In Person: Payments made in person at the School are accepted by check only.
  • Wire Transfer and ACH For payments made by international wire transfer or local ACH, see bank instruction below:

 

Account Name: La Escuela Internacional de Panamá

Account Address: Golf Club Road, Cerro Viento Rural, San Miguelito Panama, Rep. de Panama

Account Number: 03-01-01-020860-7

Checking Account

Bank Name: Banco General S.A. – Panama

Bank Address: Marbella Ave 5 B Sur y Aquilino de la Guardia

Tel. (507) 303-5001

Swift Code: BAGEPAPA

 

Fund transfer from a bank located in a foreign country must include our intermediary bank information in your remittance instruction.

Intermediary Bank: Citibank New York, N.Y.

Swift code: CITIUS 33

ABA: 021000089

Account Number: 10951934

 

  • Credit Card: only for the Application Fee, Capital Donation and Registration Fee.