Tuition Rates and Information
Methods of payment
When it comes to paying fees, there are three main ways the school accepts payment. The following is a guide to paying fees, in order that they can quickly be credited to your account.
Although fees can be paid by direct deposit, by check, or in cash, we prefer to receive payment by direct deposit or cheque/check for security reasons. Here are instructions on how to make payments:
- Direct Deposit
Either from an ATM or at a Siam Commercial Bank branch, you can transfer funds directly into our account. If you go into a Siam Commercial Bank branch, simply fill in a deposit slip with our details. For a transfer, our bank details are:
Bank: Siam Commercial Bank
Account name: Grace International School
Account number: 401-1-69229-2
Branch: Big C Hang Dong Sub Branch
SWIFT Code: SICOTHBK
Bank address: 433/4 Moo 7, A. Muang, Chiang Mai 50000, Thailand
Kindly note that the last two lines are needed only for a transfer from outside Thailand.
If you write a cheque, or get a bank cheque, please make it payable to Grace International School, and mail or deliver the cheque to us. If you mail the cheque, please ensure that you tell us your name and what you are paying for. Ex. “Jane Smith – tuition & cap fee”.
U.S. Dollar Checks
U.S. checks can be mailed to our U.S. account (or wired there – contact your bank to ask about international money transfers).
The current day’s exchange rate (www.bot.or.th) less 0.5 should be used to account for fluctuations between the time the check is mailed and when it clears the bank. Thus, if today’s exchange rate is 34.02, divide the baht amount due by 33.52 to find the amount to pay in U.S. dollars. Ex. Baht amount due of 50,000 divided by 33.52 = $1,491.65
U.S. dollar checks can be mailed to the mailing address listed below.
Bank: Evangelical Christian Credit Union (ECCU)
Account name: Grace International School
Account number: 744184
Routing number: 3222-7337-9
P.O. Box 62940
Colorado Springs, CO 80962
When you have made the payment, please fax, email, or mail the details of the transfer (amount, date, and what you are paying for) to the finance office at email@example.com. This is very important, otherwise we cannot identify the deposit as yours, and it cannot be credited against your account.
If you choose to bring in cash baht, visit the school and meet with the cashier to make your payment. If you have any questions, please write to the finance office at firstname.lastname@example.org
The tuition for each family will be paid according to one of the following schedules.*:
- 1. Annual Plan
- a. Annual tuition is due on or before the first day of school.
- 2. Semester Plan
- a. The annual tuition shall be divided into 2 equal payments.
- b. First semester tuition is due on or before the first day of school.
- c. Second semester tuition is due on or before the first day of school in January.
- 3. Quarterly Plan
- a. The annual tuition shall be divided into four (4) equal payments.
- b. First quarter tuition is due on or before the beginning of the first day of school.
- c. Second quarter tuition is due on or before the beginning of second quarter.
- d. Third quarter tuition is due on or before the beginning of third quarter.
- e. Fourth quarter tuition is due on or before the beginning of fourth quarter.
*Regardless of the tuition payment plan selected, the Re-enrollment fee is due by January 31st with a Student Application for Re-Admission form to apply for your child’s place for the following school year. Also, the Capitalization Fee is due at the beginning of the school year.
Multiple Child Discount
Tuition is assessed at the full applicable rate for the first three children enrolled. Each additional sibling will received a 10% discount on tuition only.
In order to obtain a student visa, tuition must be paid in full for the entire year.
Late Fee Penalty
A fee of 150 baht per day per family will be automatically assessed for late payment on tuition fees. If a cumulative late fee reaches 1,500 baht, the school will take further action to ensure the outstanding balance is paid. If a problem should arise regarding your payments, please contact the Registrar as soon as possible, BEFORE the due date and the assessment of late fee.
The Registrar will request parents with overdue accounts to negotiate suitable payment arrangements so that their children can continue attending school.
Unless suitable payment arrangements are made with the Chief Financial Oficer, a 1% penalty on the overdue amount may be assessed. This penalty will continue to be assessed each month until the account is brought up to date.
Families who are behind in payments of tuition and fees will not receive copies of their children’s report cards, test results (including but not limited to ITBS), or school records/transcripts, and graduating seniors will not receive diplomas. Records will not be released to another school until the account is paid in full. Families with delinquent accounts may request to view report cards and test results in the office, but they will not be given a copy.
Only tuition fees are refundable. Other school fees are non-refundable. Attendance during any part of a quarter requires payment for the entire quarter. It is the responsibility of the parents to apply for a tuition refund at the Registrar’s Office. Refunds of tuition fees that are not claimed within three (3) months of withdrawal from Grace International School are no longer refundable and become the property of the school.