Deposit

Maintaining reasonable class size is a priority at CIS. As result, our classes fill up quickly. A seat can be reserved for the following school year for students who are already enrolled at Cayman International School by making a deposit of CI$1000 per family by March 15^th. This deposit is non-refundable should the reservation be withdrawn. The deposit will be applied toward the first term tuition that the student enrolls.

Prospective applicants who have been accepted may reserve an available seat during the present school year by making a deposit of CI$1000 per student at the time of application (CI$500 for nursery). Prospective applicants for the upcoming school year may be placed on the waiting list for that school year up to twelve months in advance by making a deposit of CI$1000 per student at the time of application (CI$500 for nursery). This deposit will be refunded if the student’s application is not accepted. Once the application has been accepted for an available place or for a place on the waiting list, the deposit becomes non-refundable. The deposit will be applied toward the first term tuition of the year the reservation is made for.

An accepted applicant may choose to roll over their deposit for up to nine months with the approval of the director. At the end of the roll over period, should a place be available at that time, the applicant must enroll and attend, or the deposit will be forfeit. Rolling over does not guarantee a seat. If enrollment is deferred with the roll over deposit, the applicant goes to the bottom of any waiting list that may exist.

School Fees

School fees are listed below, and are payable in three equal installments, one for each term, no later than the 10^th day of each term. After the tenth day of the term, the school’s late tuition policy will apply. On rare occasions, and with approval from the director, it may be possible for a family to temporarily arrange to make monthly payments with a 5% surcharge. Cheques should be written to ISS (Cayman) Ltd., and given to the school secretary. If you have an account with Bank of Butterfield, payments can also be made via their website, or payment can be wired as arranged through the school secretary.

All fees can be paid in U.S. dollars or in Cayman Islands Dollars. Fees for the 2008 / 09 School Year are:

Fee for new applications (as of September 1 2005)	CI$ 300
Enrollment Deposit (non-refundable, applied to tuition)	CI$1000
Nursery	CI$7200
PreK3, PreK4	CI$8650
Kindergarten	CI$9350
Grades 1 – 3	CI$10900
Grades 4-5	CI$13200
Grades 6-8	CI$13500
Grades 9-12	CI$13750

Tuition for Siblings

Full tuition for first child, based upon the child in the highest-grade level.

10% reduction for the second child

15% reduction for the third child

Late Tuition

To allow the school to be able to provide students with a quality learning experience, we encourage parents to make tuition payments on, or before, the payment deadline. If a situation occurs that requires temporary special consideration, we encourage you to discuss this situation with the Director prior to the payment deadline. It is our desire to be supportive of the families in the school community and to explore options with them whenever possible. However, it must be understood that untimely and missed payments create a burden on the school and the learning provided. For this reason the following schedule has been adopted with regard to overdue tuition payments:

On the 10^th day following the due date an administrative fee of $50 will be automatically applied
On the 20^th day following the due date we will put a hold on report cards, transcripts, and other school records. A notice will be sent home informing the parents that if payment is not received by the 30^th day that the student will not be permitted to attend class
On the 30^th day the student will no longer be permitted to attend class until payment has been received

If payment is unpaid for 60 days, the school may refer the matter over to the school’s legal council to pursue collection. All costs related to this will become the responsibility of the family, and will be added to their bill. In addition, in any situation where a late payment has exceeded 60 days, it will be up to the discretion of the school Director as to whether or not the student will be readmitted to the school following the receipt of the overdue payment.

Refund Policy

If a student is withdrawn from the school prior to the end of a school term, 40% of the paid tuition will be forfeited. The remaining 60% will be prorated over the number of school days in that term; with a refund issued for the number of days the student will not be attending. In the event of school closure due to natural, or other causes, no refund will be given.

Withdrawal

On receipt of a letter giving notice, a "Notice of Withdrawal Form" will be issued to the student. Please return this form to the main office. Students will be asked to return all textbooks and materials to their teacher, who will then sign the form. Once the teachers have signed the form it should be returned to the school office. All personal items can be collected on the last day of school for any child once the above procedure has been completed. All outstanding dues on fees and any lost or damaged material will need to be paid before the student's school records are released. We would appreciate at least two weeks notice of withdrawal to ensure the preparation of transfer documentation.