Cosmos Primary School Fees Policy 2024-25

Rationale

The Cosmos Primary School Fee Policy is intended to ensure that the school can provide high-quality education and a supportive environment for all students. The Policy provides a clear guide to the collection and management of fees, thereby ensuring the financial sustainability of the school.

The rationale behind the policy is to allow for:

1. Transparency: By communicating the fees structure at the start of each academic year, we aim to provide clarity and avoid any potential misunderstandings. This is crucial for fostering trust and maintaining positive relationships with parents and guardians.
2. Financial Sustainability: The policy ensures the necessary funds are collected to maintain our facilities and infrastructure, pay our staff, and invest in the educational resources required to deliver a high-standard learning experience.
3. Equity: The policy is designed to be fair and consistent, making certain that all parents and guardians understand their obligations and have the necessary information to plan financially.

Policy:

• The fee structure consists of tuition fees, admission fees, caution deposit, and other fees.
• There will be a consistent increase of 10% in tuition fees, admission fees, and caution deposit every academic year, (rounded off to the nearest 100).
• No concessions will be made for any fees.
• The school management committee should aim to provide scholarships by allocating budgets when possible and/or raising funds.

Fees Structure for Cosmos Primary School

1. Tuition Fees:

   • The tuition fee for each academic year will be communicated to parents/guardians at the beginning of the academic year.
   • All staff, including teaching, non-teaching staff and support at Cosmos Primary will be eligible for a 30% concession on the tuition fee.
   • The tuition fee will be payable bi-monthly and term wise.
   • The tuition fee will be payable for the whole year starting from the beginning of the academic year to the closing, from June to May for sure irrespective of the date of TC issued.
   • In the event that a student leaves the school before completing the academic year, and a TC is applied for during the mentioned period, it is mandatory to settle the tuition fees until May. Our academic year commences in June and spans 12 months.

2. Admission Fees:

   • An admission fee will be charged for new students joining Cosmos Primary School, and it is non-refundable.
   • The admission fee will be communicated to parents/guardians during the admission process.

3. Caution Deposit:

   • A refundable caution deposit will be collected at the time of admission as decided in the Fees structure for the academic year..
   • The deposit will be refunded when the student leaves the school at the end of the academic year following the required process.
   • Caution **deposit paid at the time of admission will only be refunded to those who apply for a Transfer Certificate (TC) in the months of December and January. A notification will be shared with the parents on the 1st of December to remind everyone of this policy.
   • The deposit will not be refunded if the student leaves the school mid year.
   • The deposit will be transferred to the parent/guardian's account within three months of the child's last day of attendance at the school.
   • The deposit will be refunded only in the months of June and July irrespective of the date of TC issued after all tuition fee and and any other dues have been cleared.

4. Other Fees:

   • Other fees such as examination fees, transport fees, and extracurricular activity fees will be communicated to parents/guardians as and when applicable.

5. Payment Methods:

   • Fees can be paid by cash, cheque, bank transfer, or online payment methods.
   • The school will issue a receipt for every payment made.

6. Refunds:

   • No refunds will be given for fees paid except in exceptional circumstances as determined by the school management.