Apply » New Student Tuition & Fee Schedule

New Student Tuition & Fee Schedule

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 by all new students within ten days of official admittance to reserve a space. New PK3 – 12TH grade students cannot commence school if the corresponding capital donation is not settled.

Note:    

  • For new PK-3 students the total of USD 16,000 capital donation may be paid in two installments, USD 8,000 upon admission and USD 8,000 will be due when entering PK4.
  • New families with one child from PK-4 onwards, must pay USD 16,000 within ten days of official admittance into the school (one installment) or prior to their commencing at school.
  • New families with more than one child may have the option of paying in two installments per child if they so request as follows: USD 11,000 when officially admitted or prior to their commencing at school and USD 5,000 at the beginning of the following semester. *
  • Capital donation for siblings of current ISP students who enrolled in or before SY 2015-2016, will remain at USD 11,000 until SY 2018-2019. After SY 18-19, new ISP siblings will pay the regular capital donation established in the payment plan at that time. *
  • Capital donation for siblings of new students who enrolled in the year of SY 2016-2017, will pay a capital donation of USD 15,000 until SY 2019-2020. After SY 19-20, new ISP siblings will pay the regular capital donation established in the payment plan at that time. *

 

*Only for non-institutional students

 

Building Fee:                     

PK4 - 12                               USD250.00

To help subsidize the reminder of the Strategic Plan development, all the students except for PK-3 will be charged this annual non-refundable fee. The Building fee is due in full at the time of enrollment and is not prorated regardless of enrollment date.

 

Registration Fee:

PK3 - 12                               USD750.00

The Registration Fee is due in full at the time of admission and is not prorated regardless of enrollment date.

 

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

PK4-Grade 5                   USD 13,700.00 

Grades 6-8                     USD 15,028.00

Grades 9-12                   USD16,992.00

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 2018, tuition and fees will be due according to the following schedule:

Due Date

PK3

PK4-5

6-8

9-12

July 30, 2018 *

2,356.00

3,425.00

3,757.00

4,248.00

September 26, 2018

2,356.00

3,425.00

3,757.00

4,248.00

January 3, 2019

2,356.00

3,425.00

3,757.00

4,248.00

March 20, 2019

2,356.00

3,425.00

3,757.00

 4,248.00

 

(*)  The Registration Fee (USD750.00), Building fee (USD250.00) and Institutional Fee (if applicable USD3,500.00) are due on July 30th.  (The Building fee does not apply for Pk-3 students)

The School will send reminders, but responsibility for payment on the due date rests with the parent.

 

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 to 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-inscription.  Students in this category, as established in the admissions policy, have priority for admissions.

 For all students applying to ISP, parents will be required to complete, as part of the application process, the Institutional Fee Declaration, in which they will indicate if their employer is responsible fully or partially for school fees.

For returning students, the Institutional Fee Declaration will be required to be completed every year as part of the re-inscription process. Re-inscription 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. Musical Instrument Fee: Students using a school instrument will be assessed a fee of USD20.00 per semester. The musical usage fee will defray costs for maintenance and eventual replacement of school instruments.  Additional costs may result from the need to purchase items such as reeds and valve oil not covered in the usage fee.  Replacement for any instrument or accessory lost, broken, or stolen will be the responsibility of the family.
  2. 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 a period of three (3) years or less will be assessed a readmission fee.   This fee is equal to 35% of the Capital Donation amount existing at the time of readmission.  The readmission fee is subject to the same rules and regulations as a Capital Donation.  For the 2018-2019 Academic Year the re-admissions fee will be USD5,600.00.   Any outstanding debts to the School must be settled in full before a student can be considered for readmission. 

Students who are re-enrolled after an absence exceeding three years will be charged the full Capital Donation upon readmission.

Collection of Accounts

  1. Discounts for Advance Payment: Fees are due quarterly: July 30, 2018; September 26, 2018; January 3, 2019 and March 20 2019.  Tuition payment for the entire 2018-2019 academic year received before the beginning of the first semester will be credited with a 2% (two percent) discount from total annual tuition.  If for any reason the student should then withdrawn from school during the school year, parents or the company may apply for a refund of the tuition for any semester in which the student has not attended classes. For such refunds, a service fee of 00 will be charged.
  2. 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). At the discretion of the Administration, student attendance may be suspended until a delinquent payment is resolved.   
  3. Procedures for Payment and Collection of Tuition and Fees:
  • Invoices for the subsequent school year will be sent to parents in July. These invoices will define payment policies and the respective dates for payments.
  • It will be the parent’s responsibility to assure that payments are made by the respective due dates. If payment is made by an organization, it will still be the parent’s responsibility to assure that the payment is made on time.
  • As a courtesy, the School will send out reminder invoices for each quarter to those parents who have not paid in advance. These invoices will be sent at least three weeks prior to the due date.
  • The School will give a fifteen-day grace period from the due date of the invoice to receive the payment. After this period, if payment is not received, a 10% (ten percent) fixed rate penalty fee over the nonpaid amount will be charged.
  • Parents with a poor historical payment record will be requested to pay two thirds of the quarterly tuition fee in advance two weeks before the established tuition due dates. Poor historical payment record refers to families that in the previous school year presented payment delays of 30 (thirty) days or more over a quarterly tuition payment.
  • The Parent/Guardian accepts the charges for late payments even if the School has not previously contacted the family.

 

Payment Methods

  • Payment Booklets: These are standard payment booklets. Each booklet is numbered to coincide with your children’s account number.  Payments are made directly at any of the Banco General branches. 
  • On-line Banking: If you have a current account with Banco General you can access their web site (bgeneral.com) and make your payments accordingly. Please contact our School Business Office for further details (student account number, etc.)
  • Payments made directly at the school may be made by check only.
  • Payments made through an international wire transfer or local ACH, please contact our School Business Office for further details (student account number, etc.).
  • Note: regardless of the payment method used, the student number must be included. This will help us streamline payments.