Financial conditions - Financial appendix - French Section

Application and registration fees

Application and registration fees must be paid at the time of application. The payment can be made by cheque (payable to "French International School") or by bank transfer.

• Application fee of HK$500 - non refundable (from April 1^st, 2011 onward)
• Registration fee of HK$3800 - non refundable on acceptance by the school or if no answer to our annual update mailing.

Debenture

The purchase of a debenture is compulsory before the admission of the student in class.

From 1st July 2012, the value of the debenture will be as follows:

• Category "A" - a company debenture at the value of HK$250,000
• Category "B" - a personal debenture at the value of HK$90,000

The full value of the debenture is refunded when the student's withdrawal from School is confirmed and all outstanding bills have been paid in full.

Payment of tuition fees

Any financial period that has been started must be paid in full.

Tuition fees are charged and must be settled in 3 instalments (payment in advance for the full academic year is also accepted).

• The first financial period includes the months of September, October, November and December.
• The second financial period includes the months of January, February and March.
• The third financial period includes the months of April, May and June.

Exception for 3^rd financial period: The school fees for a student who leaves the school between the 1^st April and the Spring Break will be charged pro rata for the number of calendar days if proper written notice of leaving has been given to the Headmaster before the 31^st January.

Fees must be paid in full before the due date. In the event of late or partial payment, interest will be charged on the amount outstanding.

Arrival during the course of the school year

1^st financial period from 1^st September to 31^st December:

• Arrival before the 1^st November: The school fees are due in full for the corresponding financial period.
• Arrival after the 31^st October: The school fees will be calculated pro rata for the number of calendar days of that financial period.

2^nd financial period: from 1^st January to 31^st March

• Arrival before the 15^th February: The school fees are due in full for the corresponding financial period.
• Arrival after the 14^th February: The school fees will be calculated pro rata for the number of calendar days of that financial period.

3^rd financial period: from 1^st April to 30^th June

• Arrival before the 15^th May: The school fees are due in full for the corresponding financial period.
• Arrival after the 14^th May: The school fees will be calculated pro rata for the number of calendar days of that financial period.

Withdrawal and penalty

To withdraw a student from the French Section of the French International School, written notice must be received by the Admissions Office (inscriptions@lfis.edu.hk or fax: 2577 9658) no less than 2 months before the start of the next financial period.

• The leaving notice deadline for departure at the end of the 1^st financial period is 31^st October.
• The leaving notice deadline for departure at the end of the 2^nd financial period is 31^st January.
• The leaving notice deadline for departure at the end of the 3^rd financial period is 30^th April.
• As the school year ends in June, a student not returning at the start of the school year in September must give notice to the school by 30^th April at the latest.

Failure to give 2 months' notice will result in a penalty being imposed equivalent to 2 months' school fees and the School reserves the right to deduct these monies from the redemption value of the debenture.