Payment Instructions
APPENDIX A
PAYMENT INSTRUCTIONS AND SCHEDULE OF PAYMENT
1.Payment Instructions:
Please make payment either by cheque in the name of REPTON SCHOOL FZ LLC or transfer the amount directly to our bank account as detailed below. Please also send notification of the transfer to finance@reptondubai.org
Name of Beneficiary : Repton School FZ LLC
Name of Bank : Abu Dhabi Islamic Bank
Account Number : 11555816
Branch : Sheikh Zayed Road, Dubai, U.A.E.
Swift Code : ABDIAEAD
IBAN : AE410500000000011555816
If payment is made by bank transfer, the pupil name and year group and applicant ID number must be mentioned as remittance advice.
If payment is made by cheque, please put the pupil name and year group on the back of the cheque.
2: Initial Payment
For New Parents: Initial payment of AED10, 000 must be made within seven days of receiving an offer of a place. Should there be a change in circumstances which necessitates a withdrawal, a full refund of this payment will be made up until 15th April. After this date, no refund of this payment will be made. However PDCs will be returned as per clause 68. Failure to make initial payment at the time of acceptance of place will result in the offer of a place being withdrawn for the forthcoming academic year.
If an offer of place is made after 15th April, parents have a 15 day period from acceptance of place to recover this initial payment if there is a change in circumstances. After this period, no refund of this payment will be made. However PDCs will be returned as per clause 68.
For Current Parents: Initial payment of AED10,000 is due at the time of re-registration. Should there be a change in circumstances which necessitates a withdrawal, a full refund of this payment will be made up until 15th April. After this date, no refund of this payment will be made. However PDCs will be returned as per clause 68. Failure to make initial payment at the time of re-registration will result in the child’s place being withdrawn for the forthcoming academic year.
3. Remaining Payment
If payment is made by cheque, parents are requested to remit three cheques at the time of acceptance of place or re-registration. Payments are divided into three installments of 40%, 30% and 30%, less the initial payment of AED10,000.
Autumn Term Cheque: 40% of Tuition fees plus Boarding fees (if applicable) – cheque dated 6th September 2011.
Spring Term Cheque : 30% Tuition fees plus Boarding fees (if applicable) – cheque dated 3rd January 2012.
Summer Term Cheque: 30% Tuition fees plus Boarding fees (if applicable) – cheque dated 15th April 2012.
|
Year |
Initial Payment |
Autumn Term 1st Cheque |
Spring Term 2nd Cheque |
Summer Term 3rd Cheque |
Total Tuition Fees |
|
|
Date of registration |
06/09/2011 |
03/01/2012 |
15/04/2012 |
|
|
Nursery |
10,000 |
13,000 |
9,750 |
9,750 |
42,500 |
|
Reception |
10,000 |
13,000 |
9,750 |
9,750 |
42,500 |
|
Year 1 |
10,000 |
13,800 |
10,350 |
10,350 |
44,500 |
|
Year 2 |
10,000 |
13,800 |
10,350 |
10,350 |
44,500 |
|
Year 3 |
10,000 |
15,400 |
11,550 |
11,550 |
48,500 |
|
Year 4 |
10,000 |
16,000 |
12,000 |
12,000 |
50,000 |
|
Year 5 |
10,000 |
17,600 |
13,200 |
13,200 |
54,000 |
|
Year 6 |
10,000 |
17,600 |
13,200 |
13,200 |
54,000 |
|
Year 7 |
10,000 |
22,000 |
16,500 |
16,500 |
65,000 |
|
Year 8 |
10,000 |
23,000 |
17,250 |
17,250 |
67,500 |
|
Year 9 |
10,000 |
24,000 |
18,000 |
18,000 |
70,000 |
|
Year 10 |
10,000 |
26,000 |
19,500 |
19,500 |
75,000 |
|
Year 11 |
10,000 |
28,000 |
21,000 |
21,000 |
80,000 |
|
Year 12 |
10,000 |
30,000 |
22,500 |
22,500 |
85,000 |
|
Year 13 |
10,000 |
30,000 |
22,500 |
22,500 |
85,000 |
Remittance to the School of a cheque which returns unpaid for any reason whatsoever constitutes a criminal offence as per Article 401 of the United Arab Emirates Penal Law No. 3 of 1987. The School reserves the right to initiate legal action against the defaulting party who has signed the cheque.
There will be a penalty fee of AED250 which will be added to a pupil’s account for any returned cheque. If this recurs and a second cheque is returned, all further payments to the School must be made in cash or by credit card according to the payment schedule.
For Boarding parents who are paying by bank transfer, fees are due by the dates above. Transfer must be made in time to ensure arrival of funds by the due date. Parents are liable for all bank charges incurred in the transfer in their own country and in the UAE. Parents must ensure that enough funds are remitted to cover these costs. Late transfer will result in a penalty charge of AED250 being added to the account for the first week and AED1000 for each subsequent week.
4. Early Payment Discount
If a parent pays the full tuition fees within seven days from the date of the offer of a place, an early payment discount of 5% (on the tuition fees only) will be applied.
At re-registration, if a parent pays the full tuition fees prior to 15 April 2011, an early payment discount of 5% (on the tuition fees only) will be applied.
5. General
Transportation, meals and any other extra charges will be invoiced separately.