Fees Frame

Schedule of Fees

1. Application Fee
A non-refundable $50 application fee is required with each new application.

2. Bond
A $1000 Bond is paid by each family attending the school. One half ($500) is due within two weeks of acceptance to hold the child's place in class, and is non-refundable if the child does not enroll. The remainder is due at registration and stays on account with the school as long as the child is attending. The entire Bond becomes refundable once the child is enrolled and may be redeemed on October 31 following the last school year attended.

3. Annual Tuition

Primary - Grade 6:	$7,940
Grades 7 - 12:	$8,650

Please note that the tuition amounts include all activities and incidental fees (previously charged separately).

Note: Foreign students pay an additional $3,000, which includes an ESL program. Any student for whom we arrange a home-stay pays a $200 finders fee.

Payment Options:

a) One cheque for the full amount dated no later than August 15.
b) Two cheques, each for one-half of the total tuition, dated August 15 and January 15.
c) Ten cheques, each one-tenth of the total tuition. Cheques are post-dated for the 15th of each month, August through May. All cheques must be submitted at registration.
Automatic Withdrawl on a monthly basis. Please provide a voided cheque.

Notes:
A sibling discount of 10% will be allowed on a second child's tuition, 15% on a third child and 20% on a fourth or more.

Accounts thirty days or more in arrears will be charged interest at a rate of 1% per month (12% annually): ninety days will result in dismissal.

N.S.F. cheques are subject to a $15 penalty per cheque not including the bank charges.

Withdrawal- Tuition refunds or other reimbursements will not be made for absences. In the event of withdrawal, payment of tuition to cover a period 3 months from the date of written notice of withdrawal is required. If a student is expelled, the Bond and current month's tuition are forfeited.

5. Donations
As a non-profit charitable organization, the Shambhala School accepts and issues receipts for tax-deductible contributions. (Tuition and fees do not qualify as tax-deductible contributions.)