Fee Schedule 2015/2016 The Annual Cost of Attending Crescent School Tuition fees for the next school year will be $30,750. This amount covers most academic expenses including local activities and lunches. Fees related to sending your son(s) to Crescent continue to be very competitive with fees at other independent schools. For more information, please see How Crescent is Funded. Annual Giving Program Crescent School asks all its community members to support the School through its tax‐deductible Annual Giving Program. The 2015/2016 Parent Annual Giving Program donations will support the highest priority of our $30 million Great Boys campaign: the Library and Latifi Family Commons. This year’s requested donation is once again $2,000 per child. Crescent asks all current parents to consider doubling ($4,000) or tripling ($6,000) their commitment per child to help ensure the campaign’s success. All charitable donations to Crescent School are eligible for a charitable tax receipt. See the Parent Annual Giving Program Q&A for more information. Re‐registration Fees A payment of $4,500 is required by February 12, 2015 and is payable by cheque or via online banking. Of this amount, $3,500 represents the 1st instalment of tuition fees. The remaining $1,000 will be credited to the student’s Sundry Account for the 2015/2016 academic year. New Student Enrolment Fee For new students, a non‐refundable enrolment fee of $8,400 is payable upon notification of acceptance. This fee is in addition to the tuition and sundry deposit. Tuition Fees and Payment Options The tuition fee for 2015/2016 is $30,750. You have three payment options: PLAN A: pay in three instalments Sundry Deposit Due Feb. 12, 2015 $1,000 1st Instalment
Due Feb. 12, 2015 $3,500 2nd Instalment
Due June 1, 2015 $16,950
3rd Instalment
Due Dec. 1, 2015 $10,300 PLAN B: pay in monthly instalments Sundry Deposit 1st Instalment
Monthly Instalments
Due Feb. 12, 2015 Due Feb. 12, 2015 May 1, 2015‐Feb. 1, 2016 $1,000 $3,500
$2,795*/month x 10
* There is a service charge of $70 per month included in the monthly plan ($2,725 + $70 = $2,795). PLAN C: pay in full Sundry Deposit + Full Tuition Due Feb. 12, 2015 $31,750 Page 1 of 2 Fee Account and Sundry Account Each student is assigned a Fee Account and a Sundry Account. Only tuition fees will be billed to the Fee Account. Interest will be charged on overdue accounts at the rate of interest stipulated on the statement. The Sundry Account will be charged for incidental items such as Coyote’s Den purchases, instrument rentals, art supplies, athletic trips and clothing, Internet charges, yearbook, CPA membership, Canadian out‐of‐town trips, special events, etc. Sundry Account statements detailing student charges will be made available through the Green Room on a monthly basis. If, during the year, the initial $1,000 deposit is depleted by charges, additional funds will be requested. For private music lessons and out‐of‐country trips, cheques will be requested in advance of the activity. Payment may be made by cheque or via online banking. For more information about billings, please contact Anna Romano, Student Billing Coordinator, at aromano@crescentschool.org or 416‐449‐2556 ext. 244. No Additional Charges for Local Activities and Lunches Lunches are provided to all students each school day for no additional charge. There are no additional charges for field trips and special events in the Greater Toronto Area. Out‐of‐Town Trips Out‐of‐town trips are not covered by tuition fees. For out‐of‐country trips, cheques will be requested in advance. The cost of each trip varies. You will be advised of the approximate cost details well in advance of your son’s trip. Bursaries and Scholarships Crescent School encourages students with demonstrated financial need to apply for scholarship and bursary funding. Crescent offers a limited number of Financial Aid Bursaries to returning students. For more information, visit www.crescentschool.org/admissions/scholarships. Fees Payable for Withdrawal of Student The following regulations are to protect Crescent School from unexpected withdrawals and to minimize the expense to parents when such withdrawals occur. Notice is required in writing to the Headmaster in the event a student is withdrawn after acceptance of an application for admission or registration. The reason for withdrawal has no effect upon any tuition fees payable. If written notice of withdrawal is received:  On or before February 12, 2015 – there is no fee payable to the School other than the $8,400 non‐
refundable new student enrolment fee.  After February 12, 2015, but on or before May 31, 2015 – $3,500 is payable to the School through the forfeiture of the first instalment of the tuition fee.  After May 31, 2015 but on or before September 8, 2015 – 50% of the annual tuition fee is payable to the School.  After September 8, 2015 – 100% of the tuition fee is payable to the School. The Headmaster reserves the right to require the withdrawal of any student at any time during the School year. Page 2 of 2