2016 SCHOOL FEES & FINANCIAL POlICY
In accordance with Faithway College
Credit Control & Debit Collection Policy
​
Dear Parents / Guardians / Caregivers
​1. Admission Fee: A non-refundable Admission Fee of R500 is payable on application.
​
2. Annual Levy: R750 per student per annum – must be fully paid by 30 March 2016
Compulsory annual Learner Personal Accident Insurance payable on 13 January 2016
- Rugby players Gr 8 – 12 R550 per annum
- Other boysGr 8 – 12 R250 per annum
- All other learners R160 per annum
3. Proportional School Fees : These are calculated on the number of school weeks remaining in the year.
A full school year consists of 42 weeks.
School fees are charged over 12 months of the year for Grades 1 to 11 and over *11 months for Grade 12.
The following reductions may apply to:
​
​
​
​
​
​
​
​
​4. Payment terms: School fees must be paid strictly in advance on or before these dates:
​
​
​
​
​
​
​
​
​
​
​
School Fees are invoiced over 12 months for Grade 1 to 11 and over *11 months for Grade 12.
School Fees are due and payable upfront at the beginning of the month by no later than 05th.
January fees and Insurance Due on the 1st day of school 13 January 2016
February Fees Due no later than 05 February 2016
Interest will be charged on all accounts over 30 days at 18% per annum.
​
All payment to the school must have your child's Surname and Name or Admission No or Account No.
The Account No is shown on Top Left hand side of your Account.
The school's banking details is printed on the bottom of the account.
​
In order to reduce bank charges to the school and the risk of cash on site, we ask that you please pay your school fees by Cellphone Banking, ATM acc Payment, Internet transfer EFT or Scheduled Payment. Ask the bank to load Faithway College Banking Details onto your banking profile as a Beneficiary.
​
As of 01 February 2015 all Cash Deposit Fees incurred on payments to the school done by:
Further actions on overdue accounts as per the school Credit Control & Debt Collection Policy,
Conditions of Acceptance for Learner Admission and School Fee Contract:
Account in 30 days Phone call/SMS
Account in 60 days Suspension of learner(s) until fees fully paid up.
Account in 90 days Further suspension of learner(s) and account handed over for collections.
Should you find yourself in a situation where your account cannot stay up to date, please contact the Bursar to make an arrangement for payment and sign required agreement. Should you default on this agreement, the full annual fee will become due immediately and your account will be handed over to our attorney for collection. All correspondence from this point on will be with our attorney.
Please contact the accounts office should you require any further information.
​
​