Tuition and Fees

Application Fee

A non-refundable, non-deferable application fee of $300

KYD per child is payable to complete the application process. Payments may be made by cheque (payable to ISS (Cayman) Ltd) or cash at the school office, wire transfer or on-line through Butterfield Bank.

The application fee is valid for the academic year for which the application is submitted. Applicants who receive a letter of acceptance but choose not to attend must pay an additional application fee to initiate the re-application process and be considered for future attendance.

Enrollment Deposit (New Students)

A non-refundable, non-transferrable deposit of $1,000 KYD is due upon acceptance. If payment is not received within 10 days, the seat will be released and may be offered to another student. The amount paid will be deducted from the first installment of fees.

Re-Enrollment Deposit (Continuing Students)

A non-refundable, non-transferrable deposit of $1,000 KYD is due by March 11th, 2019 to secure student’s seat for the 2019/20 school year. The amount paid will be deducted from the first installment of fees.

Payment Policies

Tuition for Cayman International School is an annual tuition regardless of installment plan selected. Tuition includes all texts and resource materials, exam fees, technology, library resources, high speed/wireless internet access, sports and fitness facility access during school hours. Additional fees may apply for on-line courses.

Tuition payments are due based on selected payment schedule. Due dates are noted on the school calendar. Statements will be emailed as a reminder on a monthly basis. However, regardless of the successful electronic delivery of the automated statements, parents and guardians are solely responsible for paying fees due on time as specified.

The enrollment of any student is a private contract between the parent and the school, regardless of any arrangement the parent may have with an employer concerning the payment of school fees. The parent always remains responsible for payment of all school fees.

Payments may be made by cheque (payable to ISS (Cayman) Ltd) or cash at the school office, wire transfer or on-line through Butterfield Bank. Tuition is stated in Cayman Island dollars (KYD). If paying in USD, please convert at .82 (1 USD = .82 KYD).

Late Payment Policy

A late payment administrative charge of 1.5% will be applied to the student’s account if payment is not received by published due dates. Delinquent accounts may be subject to a hold being placed on report cards, transcripts, and other school records.

If outstanding fees and late payment administrative charges remain unpaid for 30 days, student’s may have their attendance privileges revoked. For accounts that remain outstanding after 45 days the school may refer the matter to the school’s legal counsel to pursue collection. All related costs (including all legal fees and disbursements whether or not a legal proceeding is commenced) will become the responsibility of the family and will be added to their bill. In the event CIS deems, in its sole discretion, to engage attorneys to pursue the collection of unpaid fees and late payment charges, the family shall pay the fees and disbursements incurred by CIS on an indemnity basis.

In addition, in any situation where a late payment has exceeded 45 days, it will be up to the discretion of the school administration whether the student will be readmitted to the school following the receipt of the overdue payment.

If any payment remains due at the end of a tuition period or upon withdrawal from the school, no transcripts, transfers, or other records will be released until full payment, including late payment administrative charges are received.

Mid-Year Enrollments

For new students enrolling after the start of the school year, billing for the remainder of the year will be sent upon acceptance and is due within 10 days. If payment is not received, the seat will be released and may be offered to another student.

For enrollment of students entering after the first day of school, tuition is calculated based on quarters. Attendance for any portion of a quarter necessitates payment for the entire quarter.

When a student enrolls at any time during 1st quarter, tuition due is 100% of annual amount; enrollment at any time during 2nd quarter, tuition due is 75% of annual amount; enrollment during 3rd quarter, tuition due is 50% of the annual amount, enrollment during 4th quarter, tuition due is 30% of the annual amount.

Annual Re-Enrollment for Returning/Continuing Students

A $1,000 KYD non-refundable, non-transferrable, re-enrollment deposit is due by March 11th, 2019 to secure your child’s seat for the 2019/20 school year. Places for re-enrolled students will be secured only after the re-enrollment contract and the advance payment are received. The amount paid will be deducted from the first installment of fees. If payment is not received by the due date, seats will be offered to students on the wait list.

If a continuing student withdraws after June 1st and before August 1st, tuition will be pro-rated based at 40% of the full tuition. Withdrawal after August 1st and before the first day of school, tuition will be pro-rated based at 60% of the full tuition. Please refer to the withdrawal policy.

Refund of Fees

Tuition for Cayman International School is an annual tuition. Parents or guardians of students who leave CIS before the end of the school year are, without exception, responsible for tuition and any other pertaining school fees. Tuition is pro-rated in accordance with CIS Board policy, as described in the CIS Policy Manual and the CIS Student/Parent Handbook. If a student is withdrawn from CIS during the school year, a withdrawal form must be submitted to the admission’s office at least 15 days prior to withdrawal date.

Tuition will be pro-rated if at least 15-days’ notice is received and is due in full prior to student’s last day of attendance. No records or transcripts will be released until payment is received.

When a student withdraws at any time during 1st or 2nd quarter, tuition due is 60% of annual amount; withdrawal at any time during 3rd quarter, tuition due is 80% of annual amount; withdrawal at any time during 4th quarter, full annual tuition is due.

Refunds will not be given in the event the school is closed due to catastrophic events and/or any circumstances resulting in interruption of business. Should such an event occur, the school reserves the right to retain 100% of tuition invoiced and/or paid as of the date of such event. No refund of school application fees or charges in part or in whole shall be granted except in the case where admission is not granted to the Cayman International School. Delinquent balances are subject to Administrative Late Charges, as described in the Policy Manual and Student-Parent Handbook.

Questions/Comments

Questions or comments regarding billing may be directed to our Finance Manager: cis.billing@cis.ky.