Financial Policy

Financial Policy

A. School Fees
1. Registration
2. Student Association (SA)
3. Graduation
4. Annual Tuition
5. Residance Hall – optional
6. Books – optional
7. Cambridge test – optional
B. Payment Scheme
1. Cash basis
    - pay the registration, SA, graduation for (K2, G6, & G12), and one year tuition fees.
2. Installment basis
    - pay the registration, SA, graduation for (K2, G6, & G12), and 20% of the annual tuition fees. The remaining amount should be paid in monthly basis.
C. School Fees include:
1. Yearly tuition
2. School development
3. Laboratory (Science, Computer, Robotic, Language)
4. Pull-out classes, remedial classes, and make-up classes
5. Intracurricular academic activities
6. Extracurricular (out of campus) academic activities
7. Lunch and snacks
8. Transportation
9. Sport facilities and activities
10. Clinic services and physical check-up
11. Student Association activities
12. National examination: materials, enhancements, etc.
13. Children's playground
14. Uniforms
15. Library
16. Education/local field trips
D. Terms of Payment
  1. The school fees include the tuition, registration, Student Association and the optional fees for graduation, books, Cambridge Examination, and Residence Hall.
  2. The registration & Student Association fees should be paid upon registration. A cancellation fee equivalent to the registration and Student Association fees will be charged upon cancellation and nullification of registration.
  3. The tuition and Residence Hall fees can be paid in the full amount or in an installment basis. A student is officially enrolled if they paid at least the initial payment, which include: registration, Student Association, 20% of the annual tuition, and graduation (optional) fees.
  4. The school uniform set is given upon initial payment is completed. The payment slip must be presented to the MIS Store staff.
  5. Payment of tuition may be made through bank transfer using the designated MIS bank account or through the student virtual account.
  6. Tuition payment in installment basis must be paid on or before the 10th day of every month. Starting the 10th day, the following actions are implemented, to wit:
      a. On the 10th day of the month, a memo is sent to remind parents about their obligation
      b. On the 17th day of the month, a communicate with parents is done throuogh the child.
      c. On the 20th day of the month, students are called to the office until payment is settled.
  7. Students are not permitted to attend classes or take the examinations whenever accounts are not settled on the due date unless the Vice Principal/Principal is duly informed of any circumstance which cause the delayed payment. Report card and other pertinent documents will not be released until all outstandig fees are paid in full.
  8. A subsequent promissory note is not accepted unless the previous amount is settled.
  9. A penalty of 2% per month is added to any outstanding fee that is unpaid beyond the 10th of the subsequent month after the billing statement is released.
  10. A copy of the Bank Deposit Slip of Transfer Slip must be sent/shown to administrators upon the settlement of the outstanding account.
F. Bank Account
  1. Bank KEB Hana: Manado Independent School
      Account No. 1122-333-8899
      Student Virtual Account
  2. Bank Mandiri: Manado International School
      Account No. 150-00-5445888-8
  3. Bank Mandiri: Manado International School
      Account No. 150-000-3036504
G. Withdrawal