SCHOOL FEE POLICY
SCHOOL FEES 2006-2007

Introduction

• It is the policy of the Board of Directors to ensure all fees are paid promptly and in full. This policy clearly describes the processes for billing and collection of all school fees.

Registration Fees

• A Registration Fee is payable for a period of continuous education and non-refundable. A child re-entering the school will not be guaranteed a place if term fees have not been paid in the period of absence.
  • A place in the School is guaranteed only when the Registration Fee has been paid. Until then a child’s name is placed on a waiting list.
  
  Tuition Fees
  
  • Tuition Fees may be paid Annually or Termly.
  • Fees are in Pounds Sterling, an equivalent in US Dollars will be quoted on the invoice - if requested.
  N.B. An administrative charge has automatically been added to the invoice for any payments made in US Dollars.
  • Invoices will be issued for current pupils on the first day of each school term.
  • Invoices for new pupils will be issued on the first day of attendance.
  • New pupils starting at anytime in the first half of a term will pay the full term’s fee, those staring after half term will pay 50% of the terms fees.
  • Payment on invoices will be due no later than 28 calendar days after the commencement of the relevant term or 28 days after receipt of invoice, which ever is later.
  • Fees not paid by the due date will be subject to a £100 administrative charge.
  • If after 14 days from due date, the amount remains outstanding a further administrative charge of £200 will be payable.
  
  Methods of Payment
  
  • All fees are payable in Pound Sterling or US dollars by either of the following methods:
  1. By cheque to our Finance Office, made payable to Maadi Egyptian British Cultural Society, no cash payments.
  2. By direct deposit or bank transfer to our account:
  HSBC, New Maadi, Egypt.
  Maadi Egyptian British Cultural Society
  Sort Code: EBBKEGCX
  A/C No. 005 – 002373 – 126 (Sterling account)
  A/C No. 005 – 002373 – 125 (Dollar Account)
  
  If paying directly to the bank, it is imperative that a copy of the deposit slip or transfer notice is sent to the Finance Office for clearance. Until such confirmation has been received fees will remain outstanding.
  
  Collection Process
  • If, after 28 days from due date, the amount remains outstanding the matter will be referred to the Board of Directors to determine any further action.
  • Persistent delay in the payment of fees will result in pupil(s) exclusion.