SHATTUCK-ST. MARY S SCHOOL Tuition Plans and Fees International Students

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1 Tuition Plans and Fees International Students PAYMENT PLAN A (One Payment): Tuition is payable in full in July BOARDING DAY TOTAL TUITION DUE $48, $33, % DEPOSIT DUE WITH CONTRACT $ 9, $ 6, TUITION DUE IN JULY 2016 $39, $26, Tuition Refund Plan (TRP) is optional and is not included. TRP fee is $2,000 for Boarding and $1,350 for Day. METHOD OF PAYMENT: Through our Payment Service Provider, the School accepts credit or debit cards, or electronic funds transfers from US bank accounts for payment of tuition, fees, or incidentals. The School will also directly accept written checks, money orders, or wire transfers. If any checks for non-us funds are received, the conversion charges will be applied to the account. LATE FEES and SERVICE CHARGES: Payments not received by the Due Date stated on the monthly statement will be accessed a $40 late charge. A service charge of $30.00 will be assessed for all returned checks and ACH transactions to the student s incidental account. FINANCE CHARGES: Payments not made in accordance with the contractual arrangement will result in additional finance charges assessed on the unpaid balance computed at an annual rate of 18% (1.5% monthly), minimum $35.00 per month. DELINQUENCY: During the time of delinquency, students are placed on a cash-only purchase restriction until the balance is paid in full. This restriction does not allow a student to receive allowance, charge school activities, or purchase school store items on their account. The student may purchase items with cash or credit/debit card and will be allowed to charge to the student account only essential health and educational items at the School s discretion. In the event any account is more than 60 days delinquent, the child may be dismissed from Shattuck-St. Mary s School and transcripts and recommendations may be withheld. REFUNDS: As stated in the Enrollment and Tuition Agreement, enrollment is a commitment for the entire year and to full tuition, and there is no provision for refund of tuition unless the Tuition Refund Plan is elected and payment of the plan is made prior to the start of School. With the Tuition Refund Plan, a refund of 60% of the unused net tuition is granted in case of withdrawal for any reason. Therefore, 100% of tuition is owed for the time the student is enrolled and 40% of the remainder of the year is due. The School strongly recommends election of the Tuition Refund Plan. Additional fees are not covered by Tuition Refund Plan. Page 1 of 5 Rvsd. 2/4/2016

2 Tuition Plans and Fees International Students (continued) FEE TYPE FEE BIOSCIENCE $3,750 June ENGINEERING $4,500 June FIGURE SKATING Fees depending on program placement $6,000 or $10,000 June MONTH INVOICE SENT GOLF $6,000 June HOCKEY Boys Prep $5,000 in June, $1,000 HOCKEY Boys U-16 $5,000 in June, $1,000 HOCKEY Boys Bantam $5,000 June HOCKEY Boys Midget AAA $4,500 in June, $500 HOCKEY Boys Midget AA $4,000 June HOCKEY Girls Prep $5,000 June HOCKEY Girls U-16 $4,500 June THE MAJOR $2,000 June PRE-CONSERVATORY $7,000 June SOCCER Boys, Girls $5,000 June VOCAL PERFORMANCE $4,000 June CENTER FOR ACADEMIC ACHIEVEMENT For identified learning differences requiring additional academic support $1,500 per term $50/hr for part time usage ENGLISH AS A SECOND LANGUAGE (ESL) Fees depending on class placement $1,500 to $5,000 SENIOR FEE $100 January All fees are subject to change at the discretion of the School., January, March Page 2 of 5 Rvsd. 2/4/2016

3 Payment Options METHOD OF PAYMENT: Beginning with tuition deposits for the school year, the School will accept credit cards, debit cards, and electronic fund transfers from US bank accounts via our payment processing service. Personal checks or money orders in US funds can be mailed to the address noted below. If any checks for non-us funds are received, the conversion charges will be applied to the account. Wire transfers from accounts outside of US banks can be arranged using the information noted below CREDIT CARD / DEBIT CARD / ELECTRONIC FUNDS TRANSFER (EFT) Must be set up with the School s payment processing service Smart Tuition. This can occur online at through the family s required account, or can be requested via telephone by calling Shattuck-St. Mary s strongly encourages our families to take advantage of the convenience of making payment electronically through Smart Tuition. Smart Tuition will allow you to pay with an American Express, Visa, MasterCard or Discover credit card or debit card. You can also set up electronic transfers from your US bank account, which means you don t have to write a paper check and put it in the mail. You can schedule a payment online, or you can call Smart Tuition Customer service at to schedule a payment. You can authorize to have payment automatically made on your due date, either from a credit/debit card, or from a US bank account. But, if you need to use one of the following methods one more time, please use the following instructions: MAILING ADDRESS FOR PAYMENTS Checks or Money Orders Payable to Shattuck-St. Mary s School Shattuck-St. Mary s School Attn: Business Office 1000 Shumway Avenue Faribault, MN WIRE TRANSFER AND ROUTING INSTRUCTIONS To send funds from banks outside the US subject to fees by the sending bank Direct To: BMO Harris Bank 111 W. Monroe Street Chicago, IL Bank Routing Number: Swift Code: HATRUS44 Beneficiary: Shattuck-St. Mary s School 1000 Shumway Avenue Faribault, MN Account Number STUDENT S NAME MUST BE REFERENCED IN THE TRANSFER INFORMATION VERIFICATION OF RECEIPT OF PAYMENT Please access your Smart Tuition account at or contact Smart Tuition at if you want to verify receipt of any payments. Page 3 of 5 Rvsd. 2/4/2016

4 Student Incidental Expenses PURPOSE: Incidentals may be expensed on the student s behalf for required school related items such as weekly allowance, books, school supplies, athletic goods, hygienic items, and other articles as may be required or allowed. Cash Advances are not allowed from this account. Parents must send checks directly to their child if extra money is required for personal use or weekend activities. It is recommended that students maintain a checking and/or savings account either at a hometown bank or a local bank to facilitate transfers of money between parents and students. The School Store is available to cash checks for students at no charge for up to $125. ALLOWANCES: Allowances of up to $50.00 per week are given to students per instructions from parents or guardians. The Incidental Account Authorization Form must be submitted online to SSM and the Incidental Account Deposit must be paid before any allowances or store charge purchases beyond essential items are allowed. In order to ensure that parents exercise as much control as possible over their students spending, NO CASH ADVANCES are issued. In order to provide regular weekly payments, an allowance card is made up for each student and this card is signed in person by the student receiving the money. Students may elect to accumulate their weekly allowances for up to four weeks as a means of safekeeping in the School Store. Past-accumulated allowances may be withdrawn in whole or in part at any time. Allowances will not accumulate when accounts are in arrears. DEPOSIT: At the beginning of the year, International students are required to submit a $3, Incidental Account deposit for the Student Incidental Account. If no advance deposit is made prior to school, the student will be on CASH ONLY status. BILLING: At the end of each statement period, the amount of allowances drawn and incidentals expensed during the period will be summarized and billed to the parent/guardian. The charges appear on a separate statement that can be accessed by the Parent/Guardian from a parent account in the student information system called PowerSchool. METHOD OF PAYMENT: In order to continue receiving allowances and incidental privileges, the student s account must be in good standing. After any Incidental Account deposit is used up, parents must provide payment monthly for all incidental balances. DELINQUENCY: 1. Students are placed on a cash-only purchase restriction until the entire past due balance is paid in full. This restriction does not allow a student to receive allowance, charge school activities, or purchase school store items on their account. The student may purchase items with cash, credit or debit card, and will be allowed to charge only essential health and educational items at the School s discretion. 2. Payments not received by the due date stated on the monthly statement will be accessed a $40 late charge. 3. The School may impose a FINANCE CHARGE of 1.5% per month (18% per annum) on unpaid past due balances in excess of one billing statement. Page 4 of 5 Rvsd. 2/4/2016

5 Student Incidental Expenses (continued) STUDENT HEALTH INSURANCE: All students are required to provide proof of appropriate medical insurance coverage, either through a parent s policy or on his or her own, prior to the start of the school year. International families are strongly encouraged to purchase the medical health insurance coverage for International students that is endorsed by SSM. The cost for the 10 month insurance coverage for the school year is estimated to be around $2,000. An exact price for this insurance coverage should be available to families by June 1. A form will be provided after enrollment is confirmed to request this coverage. The cost of that insurance will be applied to the student s June statement, and will need to be paid in full before the student arrives on campus. The School reserves the right to have a student return home or limit a student's participation in any School activities until proof of coverage is provided. TEXTBOOKS: Students are responsible for the purchase of their textbooks and classroom supplies which may be handled through the School Store. At the end of each year, a returning student may choose to keep their books or may choose to consign the books to the School Store for sale. Upon the book s sale that fall, the student s account will be credited to offset the new School year book purchases. If the book does not sell, the Store will keep the book for up to two years. A senior or a non-returning student may choose to keep their books or they may donate them to the Annual Fund; students will receive a tax-deductible receipt indicating their gift. OTHER FEES: Other fees, such as Transportation fees, Commercial laundry fees, and dry cleaning fees can be located on the website. Please note these fees are subject to change Page 5 of 5 Rvsd. 2/4/2016