7.2 TUITION COLLECTION

Parent Financial Expectations

All parents who have children in Assumption BVM School are expected to pay tuition promptly in accordance with the status assigned at the beginning of each semester. The financial support of parish and school programs for the education and formation of children and youth is the responsibility of the entire Catholic community. However, the primary financial responsibility for the education and formation of the individual child resides with the family, through the payment of tuition and fate

Late Payment Fee

All Assumption BVM School payments for tuition, daycare, and any other applicable fees are subject to a late fee up to $30.00 if not paid on the due date. 

Additionally a 1.5% fee will be assessed to all balances owed after 30 days. There is a three day grace period from the due date noted on the payment, given that it is received in the school office during normal business hours.

Collection Process

The Business Office will contact parents when tuition is in arrears by one month.

After six weeks, the principal will contact all families that have failed to meet the initial request for payment. The parents will be informed of the actions to be taken by the school if payment is not made. 

Year-End Balances

After the last day of school, any monies still owed will be billed in a final Year End billing. At which time a 10% surcharge may be applied to all outstanding balances. 

All balances owed to Assumption BVM School during the school year must be paid in full by the last day of school. Any  plans and evaluating further enrollment to the school. To ensure continued enrollment for the next school year all balances must be paid by this date.

Tuition and Fee Refunds

All Tuition and Fees are nonrefundable. Each family is expected to follow all obligations to pay charges for the full academic year.  At no time will any tuition or fees be refunded or prorated upon an early withdrawal for any reason.

NSF/ Returned Check Fee

All Non-Sufficient Fund or Returned Checks are subject to a $25.00 Returned Check Fee. Other late fees may apply.

Tuition Collection, Payment Plans, Automatic Deductions

Tuition can be paid in various installments beginning in July and going through the month of May. The company responsible for collecting these payments is FACTS, a tuition management company. Through this company many payment options are available including Automatic Deductions from a checking account, payments by check or even credit card. 

Credit Card Payments (surcharge fee)

Any and all school-related payments using a Credit Card will incur a 3% (subject to change) surcharge to cover processing fees.