Tuition-Fee Refund and
Retirement Program Policies
Unknown
No Date
________________________________________________________________
Date: Thu, 21 Apr
2005 02:45:55 +0900
Subject: From
From: David Ottaviano <dottaviano@mail.canacad.ac.jp>
To: headsnet <headnet@news.uronramp.net>
Dear Colleagues:
Our school,
retirement programs. ISS has served the international community for 50 years
and
is now providing retirement investment services for international
schools through the Raymond James Financial Services firm in the
services are dollar based and are tailored to both
The cost for schools
to administer these programs is minimal to none. In
fact
we have saved money because in
taxed
at a lower rate so it is benefit to our staff and our Board of
Trustees. Contact James Barnette at james.barnette@raymondjames.com for a
customized proposal for your school.
David Ottaviano, Ed.D.
Date: Tue, 19 Nov 2002 15:02:28 -0500
From: "Michael Farr" <mfarr@kcparrish.edu.co>
Subject: FW: policy reimbursements and retirement
DEAR HEADNETTERS,
POLICY ON REIMBURSEMENTS VARIES GREATLY FROM SCHOOL TO SCHOOL. POLICY ON RETIREMENT IS USUALLY DICTATED BY LOCAL LAWS.
WHAT FOLLOWS ARE SOME OF THE MORE INTERESTING COMMENTS I RECEIVED. THANKS TO EVERYONE WHO RESPONDED.
MIKE FARR
We generally retain as much as possible--registration and capital assessment
are non-refundable under all circumstances. Tuition is non refundable after
specific dates each semester. We make exceptions for serious
situations--death in the family, an
unexpected transfer out of
Embassy, company, etc.
Our retirement policies are completely controlled by Italian labor law. We
have no policies other than the laws. Our teacher retirement policies are
the same. US citizens get social security; Italians and EU get the Italian
system, which is much better than social security!!
We have a tough policy on family withdrawals. We charge a $6000
non-refundable fee annually and will continue charging it until we have
repaid the loan to build the new school. Immediately following the
financial crisis of August 1998 in
policy. We had been refunding 100% for any quarter not attended. We
changed it to 50% justified by the fact that virtually all our expenses are
committed by the day school opens.
We have no required date for retirement. We, of course, pay teachers a
superannuation, but unfortunately for our Russian employees, it is illegal
to set up retirement accounts for them outside the country and so they are
dependent on the meager state pensions.
We do the following:
Non refundable Application Fee: from grades 1-12. Purpose is to review
transcripts and records and assess whether we will accept the student.
If we decide to reject the student, this is non-refundable. For preK
and K, there is no application fee because we do not do screening for
the little ones(yet).
Non-refundable Deposit/Entrance Fee: This is paid upon acceptance in
order to hold the spot for the student (535 euros). It is also paid in
April-May for those indicating that they will return in September. We
do not count anyone on the list until this is paid. Waiting lists also
pay this fee. We will refund those on the waiting list IF we cannot
accept the student. However, if the parent changes their mind and goes
elsewhere, or does not come to
Tuition fees: These can be paid in advance with a discount or monthly
through the bank. If a family leaves, for example, in January, we pro
rate and return tuition (if it was paid in advance) or simply stop
charging through the bank from that month. (This policy is the one I
would like to change, thus I would like to hear from others)
REtirement: this all goes according to labor laws and social security
in
have pre-retirement, which means that from the age of 62 the teacher can
opt to work only 4 period per week. The difference is paid by Social
Security. It has its advantages and disadvantages because theoretically,
we must hire an 'unemployed' teacher in place of the one who is going
out on retirement. Now how do you do that in
for a native English speaking teacher who is registered at the
unemployment office? We have had to do a little juggling to manage it.
We state in our policy that the capital assessment (entrance fee of $3000)
is non-refundable. In actual practice, if someone leaves within a few weeks,
if asked, we reimburse a portion. But this would certainly only be
considered for departure within six months of enrollment.
Our retirement policies for blue-color workers are governed by local law.
We just cancelled a non-refundable capital fee for a student who
only stayed 2 weeks. The situation prompted us to create a policy that
would cancel this $6,000 fee for any student who remained less than 30
calendar days. A minimum fee of half-semester tuition is due for one day of
attendance. Then the rest of the year is due. We are reviewing our fee
policies, but generally we reimburse nothing. So far we have no retirees
from our school as we are just 20 years old. Good Luck, Mary
At ECA in
two installments during the year. So, if people leave during the first
semester, we will not get the second semester tuition. We have a one time
only capital fee that is not reimbursed.
Here is
cannot) have policies different.
Admission Fees--Registration--this is not refunded under any circumstances.
Admission Fee--Capital--this is refunded if the child never starts school
(i.e. parent registers child but then family is transferred or parent
changes mind before child steps foot in class). Once the child has attended
even one class, no refund.
Tuition--Attendance in any quarter 10 days or less, one month's tuition is
owed. Attendance day 11 or beyond, full quarter is owed. Some of our
parents pay the year up front (for discount). If they leave and
give proper notice, we calculate based on the above but the discount is
eliminated.
**** In most schools i have been in there is no refund UNLESS the family
made an arrangement in advance. Up front it is stated that is a non
refundable fee and is normally paid in advance before starting school.
There are, of course, always exceptions for hardship or unusual circumstances.
we are pretty strict on this: the capital fee is
non-refundable no matter what (that's a one time fee when students
enter: $6,000, going up probably to $6,500 next year). We sometimes
allow a family under unusual circumstances to pay less than the full
amount (say a family that is only here for one semester), but the
exceptions are few and far between.
On tuition families are liable for the whole semester if the child
attends any part of it. I have one case now of a student who, for
health reasons, is withdrawing--I think there can be some flexibility
for such situations, but I am new here and don't know how often this
comes up. Basically, the school has learned to take a hard line--how
else can it budget effectively?
Regarding your other question, our policy specifically on retirement
isn't very helpful, I should think, but it says: 1)Benefits. The
school will pay required contributions of length of service (CTS) and
pay social security benefits. 2) Honors. The Board of Directors shall
honor all retiring employees who have given extensive and valuable
services to the school with an appropriate resolution and recognition
setting forth its appreciation of the services rendered.
If you have specific questions about other issues, I can forward the
text. We seem to have a policy for everything here!
At AIS
$2.500 each year) or registration fee ($250 one-time payment), but we do
reimburse tuition. Tuition is due on a trimester basis, so for those who
prepay the year, we do reimburse in full for trimesters not attended. For
those leaving during the trimester, we do reimburse tuition on a sliding
scale as follows...
attend >34 days no reimbursement
attend 28 - 34 days 20% reimbursed
attend 21-27 days 40% reimbursed
attend 14-20 days 60% reimbursed
attend 1-13 days 80% reimbursed