Tri-County Educational Foundation

Tri County Educational Foundation Tuition Payment Policy

The following guidelines have been adopted by the Board of Directors:

1. Tuition may be paid in one of the following methods

1. Annual Payment due June 1st – receives a 5% discount

2. Semi Annual Payment due June 1st and December 1st – receives a 3% discount

3. Ten (10) Equal monthly payments beginning August 1st to May 1st

4. Twelve (12) Equal monthly payments beginning June 1st to May 1st

2. Monthly tuition not paid within 10 days (10th of the month) of the contract date is considered delinquent.  If a monthly tuition payment is not actually received within 10 days of the contract date, a late charge of $25.00 will be added to the account.

3. An additional $25.00 late charge will be added for each additional month said account is in arrears.

4. Any payment of tuition and/or fees that is returned by the bank for insufficient funds or other reasons will result in an additional charge of $40.00.

5. Tuition and/or fees for August, and proceeding months, if applicable, must be paid before a student can begin the fall session.

6. Patrons whose tuition and/or fees payments are in arrears and delinquent to the extent of two (2) monthly payments will have their students subject to immediate suspension.

7. The parent/parents of a student dismissed from school for non-payment of tuition and/or fees will be required, before readmission, to pay the entire balance of the tuition and fees due for that school year plus a re-entry fee of $50.00 per student.

8. Final grades and transcripts will be withheld while the tuition and/or fees are in arrears.

9. If tuition and/or fees are in arrears, the student may not register until the account is current.

10. The bookkeeper is in charge of tuition collections.  No arrangements are to be made through Administration.  Only the Finance Committee can hear tuition situations.

11. THE BUSINESS OFFICE DOES NOT MAIL MONTHLY STATEMENTS CONCERNING TUITION PAYMENTS.  As a convienence to Patrons, all families may, if they so desire, sign and deliver to the school post-dated checks to cover monthly tuition charges.  Also, an Authorization for Bank Debit in th emaount of your tuition can be arranged.  The Automatic Bank Debit would be prepared and processed on the fifth day of each month.

Note:  Release of any report cards, cumulative records, and/or transcripts is dependent upon all fees (tuition, lost book fees, etc.) being paid in full at the Business Office.  No exams will be given until all tuition is current.