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Statement of Annual Fees 2009 - 2010
| 1 Admission and Screening Fee |
BBD $750.00 |
This fee ensures the processing of the application for admission of a new student or of a student returning after an absence of one year or longer. This fee is not refundable.
| 2 Registration Fee |
BBD $2,000.00 * | This fee assures a student's place for the initial school term for which application is made. This fee is not refundable but it is set against the first term's fees.
* In the case of entrance into MYP one only, the registration fee is set at term fee level – usually BBD$12,600.00
3 Tuition Fees – per term
| |
PYP 1 - 2 |
PYP 3 - 6 |
PYP 7- 8 |
MYP 1 - 4 |
| Regular fees |
BBD $6,350.00 |
BBD $7,850.00 |
BBD $8,210.00 |
BBD $12,600.00 |
| Fees for Caribbean non-national children (on request) |
BBD $4,760.00 |
BBD $5,885.00 |
BBD $6,155.00 |
BBD $9,450.00 |
| Fees for Barbadian children (on request) |
BBD $3,175.00 |
BBD $3,925.00 |
BBD $4,105.00 |
BBD $6,300.00 |
Notes:
(i) All parents/guardians are urged to pay fees at the regular level, in order to aid the school’s growth and development. However, in order to encourage local families whose children would not otherwise be able to come to the school on account of the fee level, on request, local parents/guardians are offered deeply discounted fees. To qualify for “Barbadian” fees, either the child or one of the parents must possess either a Barbadian passport or a Barbadian birth certificate. A similar condition applies for Caribbean non-national children. Local fees have to be requested in writing and all parents/guardians are encouraged to pay at the “regular” fee level.
(ii) There is no proration of fees for students who leave early in the term. For students who arrive on or after the following dates in each term, only half of the initial term's fees is payable: 25 October 2009 in first term; 22 February 2010 in second term; 31 May 2010 in third term.
(iii) All curricular costs, including all local field trips, all books and art materials and all swimming costs, are funded in full by the school.
(iv) All fees in connection with external examinations are payable by parents/guardians.
4 Building fee
A capital assessment fee, known as the building fee, is levied at date of entrance for students who have not previously attended The Codrington School. This is set for this year at between BBD$3,500.00 and BBD $10,000.00. Parents/guardians are encouraged to pay at the top level of BBD$10,000.00 but must pay at least the minimum fee of BBD$3,500.00
5 Endowment Funds
The Codrington School Trust operates four endowment funds: for restoration and renovation of buildings; for scholarships; for hardship; and for teachers' professional development. Contributions to these funds are welcomed. Full details may be obtained from the school's principal, Mr Dennison J MacKinnon (principal@codrington.edu.bb).
6 Payment
Annual payment of all three terms in advance is preferred. In such cases, the school offers a discount of approximately 3% on the total bill for tuition, which amounts to approximately 9% on reducing balance. Annual fees for 2009-2010 are set s follows.
| |
PYP 1 - 2 |
PYP 3 - 6 |
PYP 7- 8 |
MYP 1 - 4 |
| Regular fees |
BBD $18,475.00 |
BBD $22,845.00 |
BBD $23,890.00 |
BBD $36,670.00 |
| Fees for Caribbean non-national children (on request) |
BBD $13,850.00 |
BBD $17,125.00 |
BBD $17,910.00 |
BBD $27,500.00 |
| Fees for Barbadian children (on request) |
BBD $9,240.00 |
BBD $11,420.00 |
BBD $11,945.00 |
BBD $18,335.00 |
However, fees may also be paid termly in advance by the following dates.
| Michaelmas |
(first) |
term's fees are payable by |
15 June 2009 latest |
| Easter |
(second) |
term's fees are payable by |
15 October 2010 latest |
| Summer |
(third) |
term's fees are payable by |
15 February 2010 latest |
Payment may be made by cash, cheque or MasterCard/Visa/American Express credit card. If payment is made by credit card, the school adds a fee of approximately 5% to cover processing and bank charges.
A student's place in school may be forfeited if the fees are not paid on time, particularly if there is a waiting list for any particular year level. In any case, a late fee of 1.5% per month, or part of a month, per student, is levied when fees are not paid on the due date (or, in the case of a new student, within two weeks of acceptance). Thus, for example, fees paid five weeks late attract a late fee of 3%. If fees are not paid before the first day of term, the student's name will not appear on class lists and he/she will not be allowed to attend school until the fees are paid in full.
New students entering during the course of the school year will receive an invoice upon entry, payment of which is required within two weeks of acceptance. Money transfers in Barbadian dollars may be made to the following bank. Please ensure that the transfer details include the student’s name.
Butterfield Bank (Barbados) Limited Broad Street Banking Centre No.1 Beckwith Place Lower Broad Street Bridgetown BB 11000 Barbados
Account No.: 50000039454 Swift code: BNTBBBBB
When funds are remitted in any currency other than Barbados dollars, 5% of the sum should be added in order to cover processing and bank charges.
7 Notice of Withdrawal
A full term's notice in writing or the fee for one full term in lieu of notice is required before withdrawing a student. Withdrawal forms are available from the director of admissions at the school, Mrs Christina S MacKinnon (admissions@codrington.edu.bb). School records are normally released only if all withdrawal protocols have been met.
Distribution: Displayed on web site; all current parents/guardians by e-mail attachment 16 January 2009; all new parents/guardians as part of admissions package. Slightly revised 1 April 2009.
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