BISHOP TIMON-ST. JUDE HIGH SCHOOL
TUITION POLICY
2006-2007 ACADEMIC YEAR
The Board of Trustees will set tuition and fees for the academic year. Failure to exercise a tuition payment option will result in the student being denied admission to the school for the academic year.
Families have the OPTION of paying tuition in one of three ways.
OPTIONS:
1) FULL PAYMENT PLAN - For those electing to pay tuition in full, payment is due by July 1st of each year. A discount of $100 and a $50 Billing Fee waiver will be granted if payment is received by July 1st. Please note, students receiving total Financial Aid in excess of $1,000.00 will not be eligible for the $100.00 discount. Financial Aid includes scholarships, grants, work study, etc. Payments received after July 1st will not be eligible for the $100 discount but will be eligible for the $50 billing fee waiver.
2) YOUR TUITION SOLUTION - You may elect to pay over 12, 24, 36, 48, or 60 months at low fixed rates. Payments over 12 mo. are $450/mo., over 24 mos. $234/mo. (based on full tuition). There are no application or origination fees, and no pre-payment penalties. You may qualify for $100 discount and $50 Billing Fee waiver if your payment is received by July 1st. To learn more or apply online at http://www.yourtuitionsolution.com/ or call 800-920-9777.
3) MONTHLY PLAN FACTS TUITION PAYMENT SERVICE
A) SENIORS - Ten Month Plan - July 2006 - April 2007 (Accounts must be paid in full by April 30th)
B) NON-SENIORS - Eleven Month Plan - July 2006-May 2007
The FACTS Tuition Payment Service, for those choosing to pay on a monthly basis, is an automatic payment plan made through your checking account or savings account - you may also use an account in your sons name. Those choosing the monthly payment plan will authorize their bank to make automatic monthly payments to FACTS on either the 5th OR the 20th of each month.
There is a $50 billing fee per year for those families electing to use the monthly payment option. Only one fee is required per family regardless of the number of children one has in school.
MISSED TUITION PAYMENTS:
Should you miss a monthly FACTS payment, FACTS will re-attempt collection the following month along with your regularly scheduled payment (2 payments will be withdrawn at that time from your account). Additionally, FACTS will immediately assess a $25.00 NSF fee to your account.
BILLING SYSTEM:
Parents/Guardians will receive a printed statement of their account in September, January, March and May which will reflect payments received according to the above tuition options selected, credits issued (scholarships, grants, work study) and the balance remaining. A separate statement will be issued when the account is paid in full.
FINANCIAL AID:
Financial Aid is available based on need. The FACTS Grant and Aid Assessment Application must be completed for consideration for financial aid, which includes Bishop Timon-St. Jude Grants, Work Study, and Scholarships. All financial aid is predicated on successful completion of the current academic year (i.e. any and all financial aid granted to a student will be forfeited if the academic year is not completed). Please note that Work Study is available for freshmen and sophomores only.
TUITION POLICY REFUNDS:
1) Students who withdraw or are dismissed with cause prior to the beginning of the school year will be charged 1 (one) month's tuition and the remainder will be refunded, if applicable.
2) Students who withdraw or are dismissed with cause prior to November 1st will be charged 3 months tuition and the remainder will be refunded, if applicable.
3) Students who withdraw or are dismissed with cause between November 1st and January 31st will be charged year's tuition.
4) Students who withdraw or are dismissed with cause from February 1st to the end of the academic year will be charged the full year's tuition.
RETURNED CHECKS:
A) A $15.00 charge will be added to any bill from the school for all checks that are returned by the bank due to insufficient funds.
B) The school will not accept personal checks, which have not been certified by the bank, within one week prior to the 2nd quarter and/or the beginning week of final exams.
C) Bishop Timon-St. Jude reserves the right not to accept personal checks under certain circumstances.
COLLECTION FEE:
Accounts turned over to a collection agency will be charged a $25.00 collection fee.
DELINQUENT ACCOUNTS
A) Bishop Timon-St. Jude High School reserves the right to take any and all of the following actions in the event tuition payment terms are not established or if obligations are not satisfied as agreed upon:
1) Student may be excluded from participation in extra-curricular activities, including athletics.
2) Report cards and /or transcripts of grades may be withheld.
3) Student may be suspended for a period of five (5) days. During the course of this suspension period, it shall be the responsibility of the parent(s) or guardian(s) to contact the Finance Office of the School for the purpose of settling the outstanding tuition debt.
4) Transcripts will not be released for any student until the Balance Due in their Student Account has bee paid in full.
The School reserves the right to require payment of the tuition debt in full, but may, at its option, considering the applicable circumstances, accept alternative payment methods including, but not limited to, promissory note(s) and/or a Confession of Judgment to assure payment of the tuition debt.
B) If satisfactory arrangements have not been made within the five (5) day period, the student may be dismissed.
C) Tuition Assistance eligibility for the following academic year will not be considered until all outstanding tuition obligations are paid in full or satisfactory payment arrangements are established.
D) No transcript or grades will be released until all financial obligations to Bishop Timon-St. Jude have been satisfied.
E) Any student whose tuition is in arrears at the time of graduation will be denied his Diploma.
Revised 01/18/05
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