2011 - 2012 FINANCIAL INFORMATION.............................................RETURN TO HOME PAGE

REGISTRATION

The Annual Registration Fee of $150.00 is charged to each student and is due at the time of Registration.  Families who register by the end of the school year of each year and pay the first month tuition get a $25.00 discount.

The registration fee covers Student Insurance, Admission Package, Mandated Standardized Tests, it may also include: Library Materials, Athletic Equipment and Upgrading Computer Software.  This is non-refundable.

BOOK FEE

A book fee of $130.00 for Pre-k, and $ 145.00 from Kindergarten to Grade 8 is charged annually for basic textbooks and learning materials.  This is non-refundable.  Textbooks, however, are the property of the school.  They are on rental and should be properly handled and returned at the end of the school year or when the child ceases to be a student.  If a book is lost or damaged it must be replaced by the child’s parent(s) or guardian.

BASIC TUITION

Constituent Members*                                                       $250.00

Non-Constituent Members                                                $275.00

Non-Seventh-Day Adventists                                             $300.00

Pre-K (3 ˝ – 4 ˝ years of age)                                           $355.00

*Constituent Churches: Co-op City, Emmanuel, Grand Concourse, Mamaroneck, Morris Park, North Bronx, Philadelphia, Shalom, Victory, Wakefield, and Yonkers.

TUITION PAYMENTS

All monthly tuition payments are due by the first of each month. The first month’s tuition is due by August 20, along with registration and book fees. The last month’s tuition must be paid by May 20, otherwise your child will not be allowed to take final exams. An arrangement with SMART, INC. allows payments to be made by the 20th of each month.  Tuition Payment Schedule is below:

July 20th

Registration and Book Fees due

   Aug. 20th

1st Tuition Payment due

Sept. 20th

2nd Tuition Payment due

Oct. 20th

3rd Tuition Payment due

Nov. 20th

4th Tuition Payment due

Dec. 20th

5th Tuition Payment due

Jan. 20th

6th Tuition Payment due

Feb. 20th

7th Tuition Payment due

Mar. 20th

8th Tuition Payment due       

Apr. 20th

9th Tuition Payment due

May 20th

10th Tuition Payment due

 

 

                                                               

A fee of $38.00 per family will be charged to administer the SMART (financial institution) Plan yearly.

Families who choose to use of the following options will be eligible for discount as follows:

PAYMENT                               TUITION                  DISCOUNT

YEARLY (5% Discount)         $2,500.00              $125.00

                                                                                $2,750.00              $137.50

                                                                                $3,000.00              $150.00

                                                                                $3,550.00              $177.50

HALF-YEARLY (2.5% Discount) e.g.    $1,250.00              $ 31.25

Note: Payment for Yearly (10 months) or Half-Yearly (5 months) must be made directly to OAKVIEW PREPARATORY SCHOOL.  (There will be a graduation fee for Kindergarten and Grade 8 students)

FAMILY PACKAGE DISCOUNTS (SIBLING ONLY)

Documents must be provided for Adopted Children

FIRST CHILD                           FULL TUITION (e.g. $300.00 for Non-Constituent)

SECOND CHILD                      5% Discount (e.g. $300.00 – 15.00 = 285.00)

THIRD CHILD                          10% Discount (e.g. $300.00 – 30.00 = 270.00)

FOURTH CHILD                      15% Discount (e.g. $300.00 – 45.0 = 255.00)

FIFTH CHILD                           Free Tuition only.

PENALTIES

A.      LATE PAYMENT

A late charge of $20.00 will be assessed to each account if payment is not received within 10 days of the due date.  Remember the SMART PLAN due date is the 20th of the month.

B.       DISHONORED PAYMENTS (Returned Checks, etc.)

A bounced check fee is $40.00.  This fee will be charged to your account for any unpaid return checks.  Returned checks will not be re-deposited.  A Returned Check plus late payment fee ($40.00 + 20.00) will be assessed to your account.  Read the SMART PLAN CAREFULLY.  After one returned check, fees and all charges must be paid by money order or certified check only. We are not accepting any more personal check from anyone who falls behind in payment or had a return check. We will only accept cash, money orders, visa or master card and /or teller’s check in order to protect the school

C.       DELINQUENCY (PENALTY) SUSPENSION

A child’s tuition is delinquent after the last day of the month in which it is due.  The school and/or its Agent will notify the parent/guardian immediately by letter and/or telephone.  The child may be suspended thereafter.

                A child who is suspended will…

      be required to stay home

      not receive tests and/or report cards

      not be permitted to participate in graduation exercises.

NB. Delinquent tuition will be referred to the Credit Bureau and/or a Collection Agency.

All accounts must be CLEARED on or before May 20th

Refunds will not be granted for vacation periods and/or unauthorized absences from school.  Extended absences must be reported to the Principal/Accountant immediately.  The Finance Committee/School Board will review each case and make necessary adjustments if warranted.

D.       Pre-Registration Fee – an additional late fee of $50.00 will be charged for Returning Students who failed to pre-register by the end of the school year.

TUITION PAYMENT POLICY

Tuition is scheduled monthly for 10 months prepaid August through May.  Monthly tuition payment is due on time without billing and is payable to SMART Tuition.  (See Contract and Brochure)  Yearly and half-yearly tuition are paid directly to Oakview School.

 

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