ADMISSIONS FINANCIAL AGREEMENT

International Christian School of Lima is dependent upon tuition and school fees for its operation. School fees and tuition are calculated in US dollars and paid in advance per semester.

Payment Plans
1. All fees and the first semester tuition are paid during the first week of school. The second semester tuition is paid during the first week of the second semester.

2. Quarterly – A 5% fee is added to this payment plan. Payments are due during the first week of each quarter (August, October, February, and April).

3. Monthly – A 10% fee is added to this payment plan. 11 monthly payments are made due August through June (this includes January when school is out). Parents opting for this plan must realize that tuition and fees are yearly not monthly, please see the withdraw policy for families that withdraw from school during the school year.

Due Date
Fees and tuition must be received at the school office or school bank before the close of the fifth school day of the semester. A late fee of $50 or 2% per month (whichever is greater) will thereafter be applied to outstanding account balances. Parents remain responsible for transfer delays and/or transfer costs. Accounts more than 30 days delinquent may result in suspension of the student until suitable arrangements have been made to bring the account current. It is the responsibility of the parent to make arrangements when bills are not paid.

Payment Options (In order of preference)
1. US dollars may be wired or deposited into the school’s US dollar account in the USA. Please contact the office for account information. Parents are responsible for any bank fees.

2. U.S. dollars will be accepted in cash.

3. Soles may be paid. However, you must check with the school office so they may calculate the amount of soles that must be paid.

A copy of any transfer must be sent to the school office if payment was made directly to the school’s US bank. This ensures that the correct account is credited. Any extra bank fees must be added to the account balance.

Registration Fee
A registration fee is required to ensure the acceptance of the student. The registration fee is US$50 per student. This fee is non-refundable and is due with the application.

Re-enrollment Fee
A re-enrollment fee of US$50 is required for each returning student. This information is vital for the planning and ordering of schoolbooks and materials. The re-enrollment fee is due May 1. Any student re-enrolling after this date will be charged US$100. This fee is non-refundable except in cases where extenuating circumstances require the student to withdraw. The principal makes refund decisions.

Tuition
Please refer to the current tuition rate sheet or see the office for the tuition rate.

ESL Fee
The English as a Second Language (ESL) fee is a non-refundable payment paid by each student who needs extra help with English. This fee is dependent on the number of periods the student attends ESL per week. The student is re-evaluated each semester. Therefore, this fee is paid with each semester’s tuition payments.

Textbook Policy
All textbooks and materials are the property of ICSL and are only loaned to the student for school use. Students are to use all books responsibly and keep them in excellent condition. Textbooks are to remain covered at all times and are not to be marked in for any reason. Parents will be held financially responsible for any ICSL textbooks and materials that are damaged or lost while in their child's possession.

Withdrawal/Refund Policy
Withdrawal from ICSL for any reason must be transacted through the school office by the parent or guardian. A withdrawal form must be completed. All monies owed the school must be paid before the withdrawal is complete and records can be released.

A 14-day notice must be given to withdraw any student. Upon early withdrawal from ICSL, tuition will be refunded according to the number of schools days attended that semester, up through the 20th school day of the semester a 50% refund will be given; from the 21st school day through the 39th school day a 25% refund will be given; from the 40th school day to the end of the semester no refund will be given. All fees are non-refundable.