Payment Policy

1. Bank Details

Payment can be made in either RMB or in EUR. Please specify your preferred currency of payment as the invoice will be drafted in either RMB or EUR. Tuition fees are quoted in RMB. Contact the Accounts department for the EUR equivalent, which is calculated based on the prevailing exchange rate

IMPORTANT
Please make sure to mention the student’s full name and year group when making a bank transfer. If payment cannot be traced, we cannot guarantee a seat for your child.

Payment should be settled before the following dates

        July 16, 2007: Semester 1 (August 27-February 13)
        December 10, 2007: Semester 2 (February 14-June 27)

2. Policy
Registration fee
A one time non-refundable 1650RMB registration fee should be paid upon submitting the application form.

Reservation Fee/Seat Guarantee
Provided seat availability is confirmed on the application date:

    A) Students who (successfully) submit an SRIS application form less than a month before the desired school starting date, can only be guaranteed a seat upon payment of the school fees (including registration fee) in full.
    B) Students who (successfully) submit an SRIS application form more than a month before the desired school starting date, can only be guaranteed a seat upon payment of a 12,500RMB non-refundable reservation fee. This fee will be credited against the outstanding tuition fees but is non-refundable should the student decide not to take up a seat with SRIS.

Enrollment
Fees will be prorated on a bi-monthly basis for students starting school in the middle of a term; i.e. students starting school between the 1st and the 15th of the month will be charged full fees for that month. All students starting school on or after the 16th of the month, will be charged half a month’s fees. Official school holidays cannot be deducted from the fees.

Withdrawals/Refunds
A withdrawal should be communicated in writing to the SRIS Accounts department at least one month before it takes place. Refund of outstanding tuition fees will be calculated based on the date written notification was received by SRIS. Written notification can either be emailed (accounts@srisrego.com), faxed (021-5488 5072) or mailed to the school’s address. It is the parent’s responsibility to ensure written notification has indeed been received by the Accounts Department. Failure to give written notification negates all outstanding refunds.

Tuition fees are refundable only for the months in which the student has not attended classes. Any attendance during a particular month will negate a refund for that month.

If a student is permanently excluded from the school, no refund whatsoever will be given (please consult Parent Handbook for detailed exclusion policy).

Students withdrawing before the completion of the academic year or before having attended SRIS for at least three school terms, should bear the cost of 3,000RMB for the uniform, notebooks and other teaching materials that where distributed free of charge upon enrollment.

All students withdrawing within their first semester of attendance (less than 5 calendar months) will be charged the above mentioned 12,500RMB reservation fee on top of other due withdrawal fees mentioned in this paragraph.

Note: All outstanding financial obligations of the student will be deducted from any refund(s). Please contact the Finance Office at 5488 3431 should you have any questions.
Outstanding fees will be refunded within a month of withdrawal.

By submitting an application form to SRIS, you acknowledge and declare to accept all rules and regulations regarding payment as stipulated above.