TUITION POLICIES
2011 – 2012

TUITION
Tuition and fees at Iqra Academy do not reflect the actual cost of educating a student at the school. Every effort is made to keep the cost of tuition down so that the school is affordable to as many families as possible.

Tuition and Fees include instruction, tests, and a school service fee. Uniform charges are not included in the tuition fee.

TUITION FEES

First Child                               $3800
Second Child                          $2700
Third Child onward             $1600

DEPOSIT
There is a non-refundable $50 registration for each new student. In addition, a deposit of 10% of tuition for all students must be submitted with each application. (DEPOSIT ONLY, NOT PAYMENT FOR SEPTEMBER TUITION) The 10% deposit will be refunded only if the school does not approve the application.

METHOD OF PAYMENT
The “School Contract” determines method of payment for each family. Both parents and a school official will sign this document. Parents will be held to the terms of this contract. It is required that pre-signed, post-dated checks be given to the Academy when signing the contract according to the pay plan. The Academy will deposit these checks on or after their due date. A $25 fee will be applied for returned checks.

The following plans are available:

Plan I        One payment due September 1

Plan II      Two payments due September and February 1

Plan III    Four payments due September 1, November 1, February 1 & April 1

Plan IV    Nine payments beginning September 1 through May 1.

OTHER EXPENSES
Books, Supplies & Other Learning Materials

$100 Book Lease (every year K – 5)

$150 School Fee (every year K – 12)

*$296 Online Curriculum fee (every year 6 – 12)

$100 Online Assessment (Onetime fee 6 – 12)

*(This fee is subject to change pending cost to Iqra Academy)

DELINQUENT ACCOUNTS
Iqra Academy must receive scheduled payments promptly in order to meet projected expenses. If a payment is more than 30 days past due, the account will be considered delinquent.

 Students with delinquent accounts may not be allowed to attend classes. Student report card and academic records will not be released until payment is made in full, or other arrangements are made that are acceptable to the school. Students with delinquent accounts will not be eligible for readmission the following year.

WITHDRAWAL POLICY

1.     All tuition deposits will be forfeited should the student(s) be withdrawn for any reason, at any time, after they have submitted an application or reenrollment form.

2.     Parents will be liable for 25% of total annual tuition and fees (100% of online fees), if student(s) is/are withdrawn by October of the academic year. After October full annual tuition and fees will be due.

MISCELLANEOUS

Transportation
The school does not provide any transportation services at the moment but will help parents arrange transportation or carpools.